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00:03The National Cattlemen's Beef Association criticized Trump's plan to allow 300,000
00:07metric tons of tariff-free beef imports over 90 days, arguing it would hurt ranchers without
00:11providing meaningful relief to consumers. In a post on X, the group said,
00:16the move was driven by the approaching midterm elections.
00:20CEO Colin Woodall criticized the administration's policy as prioritizing
00:24short-term political messaging over long-term stability, according to the official statement.
00:30Beef prices remain at record or near-record levels as high feed costs,
00:34drought, and a shrinking cattle herd pressure supplies, according to a May NPR report.
00:39USDA data shows the U.S. herd is at its smallest since 1951.
00:43Other critics argue cheaper imports threaten domestic ranchers' current pricing advantage.
00:48For all things money, visit Benzinga.com.
