Bloomberg - Trump Won't Be Able to Save the Struggling US Beef Industry

[Yo_Mama_Been_Loggin]

(Bloomberg) — He has manned the McDonald’s (MCD) drive-thru, served Big Macs in the White House and peddled Trump Steaks on cable TV. But even a red-meat loving President-elect like Donald Trump won’t be able to save the struggling US beef industry.

A severe shortage of cattle, which has fueled grocery-store price hikes and wiped-out billions in meat-processor profits, is primed to get worse before the next election cycle. The US beef herd is already the smallest since 1961 after years of depressed prices, severe droughts and surging costs forced farmers to send more females to slaughter. Now, the possibility of new tariffs and immigration reform risk constraining supplies further still.

“All of the things he is talking about have potential negative consequences more so than anything positive,” Derrell Peel, a professor of agricultural economics at Oklahoma State University, said of Trump’s policy pledges. “Our fate’s pretty well determined in the cattle industry in the US for the next two to four years” – and it’s not good.

For generations, Americanism and the livestock industry have been closely entwined. From the cowboys immortalized on the silver screen to the pot roasts, cheese steaks and brisket that grace regional tables, the entire beef sector – from ranching to restaurants – carries an outsized role in the country’s national identity.

https://finance.yahoo.com/news/trump-won-t-able-save-110004666.html

[DRiggs]

1. Eat more chikin

[Coventina]

2. Good! I hope the beef industry goes away completely. n/t

[keithbvadu2]

3. Oh, you Nattering Nabobs of Negativism.... Of course he can fix it..... Just add a Trump tariff.

Two weeks.

[mahatmakanejeeves]

5. Before or after he's sworn in? NT

[mahatmakanejeeves]

4. Beef. It's what's for dinner.

[IrishBubbaLiberal]

6. I Just do NOT eat much BEEF

My tastes have changed over the decades…

A good fish dinner is what I crave these days, not beef.
Baked Salmon, and the Crazy Fish Italian style recipe w/ Cod.
Rainbow Trout,, MMmmmmmm MMMmmmmm MMmmmmmm 😍

Used to crave King Crab,,, but alas,,,,, too damn expensive now ☹️

Cioppino 😍😍😍😍 with lots of Dungeness Crab 😍🦀🦀🦀🦀🦀🦀
At Duarte’s Tavern in Pescadero Calif.
Or at Scoma’s on the SF wharf or across the Bay at Sausalito
Or Sorto Mare in North Beach (is this place even still there anymore?)

Swan’s Oyster Depot in SF, Cracked Dungeness Crab
In SF, Anchor Oyster Bar’s Cioppino 🥰
Tadich Grill on California Street,
(but I haven’t had the Cioppino here, yet! After all these years!)

A Connecticut style Lobster Roll 🥰😍🥰🦞🦞
Woodmans in Essex Massachusetts

Mussels in wine, garlic,, My My My 😍

Clam Chowder in Massachusetts lobster/clam shack
Clam Chowder in Seattle Pike Market
Caldo Pescado

I haven’t eaten a steak since 2019,
although I do enjoy some Lamb chops every few months.

[617Blue]

7. Hey Bloomberg, Trump will fix nothing and destroy everything. Stupid fucks.

[harumph]

8. So beef scarcity is likely a main reason for high prices? Wow.

That information would've been nice for the mouth droolers to know prior to the election.

Notice how all this actually useful information relevant to increased prices at the grocery store is
coming out NOW. Were these stories delayed for some reason???

[BannonsLiver]

10. The media didn't talk about bird flu and the egg situation either

Just “prices are at an all time high” with zero context.

[LetMyPeopleVote]

9. When it comes to grocery prices, Trump suddenly changes his tune

Is Donald Trump going to succeed in lowering grocery prices? In successive weeks, the president-elect answered the question in two very different ways.
https://bsky.app/profile/stevebenen.com/post/3ld4pnzlrks2g

Trump on Meet the Press: "We're going to bring [grocery] prices way down."

Trump to Time magazine: "I'd like to bring them down. It's hard to bring things down once they're up. You know, it's very hard."

Link to tweet

https://www.msnbc.com/rachel-maddow-show/maddowblog/comes-grocery-prices-trump-suddenly-changes-tune-rcna183958

But the president-elect concluded his thought by saying, “We’re going to bring those prices way down.”

That was the message the public heard on Sunday, when the “Meet the Press” interview aired. Four days later, Time magazine published the transcript of its latest interview Trump, which included a rather pointed question: “If the prices of groceries don’t come down, will your presidency be a failure?” The president-elect replied:

I don’t think so. Look, they got them up. I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will.

For context, it’s important to emphasize that the interview was conducted on Nov. 25. In other words, shortly before Thanksgiving, Trump told Time that it’d be “very hard” to lower grocery prices, and he wasn’t sure whether he’d be able to achieve that goal. The following week, the Republican sat down with Welker and publicly committed to bringing grocery prices “way down.”

In the same interview, Trump added that he “can’t guarantee” that his trade tariffs won’t actually raise prices......

In other words, before Election Day, the Republican struggled to talk about his plans for grocery prices, and that hasn’t changed in the election’s wake.