- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Beef prices in focus as President Trump signs order aimed at consumer relief
Posted on 2/10/26 at 1:50 pm
Posted on 2/10/26 at 1:50 pm
quote:
President Donald Trump on Friday signed an executive order to expand beef imports from Argentina as consumers face higher prices amid supply constraints impacting the U.S. cattle industry.
Trump's order implements a trade framework he reached with Argentina in November that aims to increase beef imports to help mitigate the surge in beef prices that has occurred in recent years.
In 2018-19, ground beef prices were under $4 per pound but began rising during the pandemic and have been above $5 a pound since June 2023 while continuing to increase, reaching about $6.69 a pound in December, according to data from the Bureau of Labor Statistics (BLS). Sirloin steaks were around $8.50 a pound in 2019, but have been over $11 a pound since the summer of 2023 and hit $14.02 a pound in December.
Over the last year, ground beef prices are up 15.5% through December while the cost of a steak has risen 17.8%, according to the BLS' consumer price index (CPI). A fresh read of the CPI inflation is due at the end of this week when January's data is set to be released – though high beef prices are expected to persist due to domestic supply challenges.
LINK
10
Posted on 2/10/26 at 1:53 pm to ragincajun03
NGL, I do eat more chicken and pork these days. Even stew meat runs $6-7 a pound.
Posted on 2/10/26 at 1:58 pm to ragincajun03
Make Argentina ….
Never mind
Never mind
Posted on 2/10/26 at 2:00 pm to ragincajun03
This past November Tyson Foods announced the closure of a beef processing plant in Nebraska cutting 4500 jobs and scaling back at a plant in Amarillo cutting a couple of thousand jobs. Seems odd that Tyson needed to make those drastic cuts.
Posted on 2/10/26 at 2:02 pm to ragincajun03
Beef producers have taken it up the tail pipe for decades. Major collusion from the handful of beef buyers and not a thing was ever done to address it. We finally get a good run going and the president does this.
I understand it benefits more Americans to do this to lower the price, but it's kind of a stick in the eye for those of us hanging on waiting for a sunny day in the beef industry as a supplier.
I understand it benefits more Americans to do this to lower the price, but it's kind of a stick in the eye for those of us hanging on waiting for a sunny day in the beef industry as a supplier.
Posted on 2/10/26 at 2:06 pm to ragincajun03
quote:
high beef prices are expected to persist due to domestic supply challenges.
We have domestic supply challenges because there’s only four companies (two of which are owned by a Brazilian company and the other two by Vangaurd/Blackrock) that essentially eliminated all competition for processing and distribution.
All four prioritize the Chinese market.
Posted on 2/10/26 at 2:06 pm to ragincajun03
Call up Bill and Hilary Clinton and see if they have any Jerky leftovers!
Posted on 2/10/26 at 2:06 pm to ragincajun03
I am generally not a fan of this at all. This may be some short term fix to pacify people in the grocery stores but the answer is not more government intervention. If the government would go long enough without screwing around with the markets they would self correct.
Posted on 2/10/26 at 2:07 pm to IH8ThreePutts
quote:
This past November Tyson Foods announced the closure of a beef processing plant in Nebraska cutting 4500 jobs and scaling back at a plant in Amarillo cutting a couple of thousand jobs. Seems odd that Tyson needed to make those drastic cuts.
There's no cows genius. Why operate a massive process plant when there's no cows?
Beef is expensive because our heard is tiny.
Posted on 2/10/26 at 2:07 pm to ragincajun03
Maybe they should look into why we don't have better production in the US rather than importing in cheap beef that comes from lower regulations and cheaper labor.
The reason beef costs more is because the government keeps spending more and more which results in inflation and stupid regulations designed to limit their production.
The reason beef costs more is because the government keeps spending more and more which results in inflation and stupid regulations designed to limit their production.
This post was edited on 2/10/26 at 2:09 pm
Posted on 2/10/26 at 2:08 pm to j1897
quote:
Beef is expensive because our heard is tiny.
And they killed off John Dutton.
Posted on 2/10/26 at 2:13 pm to ragincajun03
quote:
US cattle herd culling is responsible for the current skyrocketing US beef prices. It was primarily due to avoidable supply chain disruptions and covid meat processing plant closures. Culling in 2022-23 was exceptionally high, so that by the time Trump took office, the U.S. cattle herd had been reduced to its lowest level since 1951.
LINK
quote:
We've all heard that Biden stuck Trump with the smallest US domestic beef supply since 1951.
But that doesn't tell half the story.
The US population is over double the size of that in 1951.
So in per capita terms, there are currently 25.5 cattle per 100 people vs 52 per hundred people in 1951. Going back further, the cattle:population ratio even during the Great Depression/Dust Bowl Era mimicked the 1951 numbers, and never even came close to our current supply-demand mismatch.
The last time our cattle herd was this relatively small was in 1894!
You want to snap your fingers and fix that problem in six months?
Are you kidding?
So when you say "we can only blame the last administration for so long," it's painfully obvious you have no clue as to how bad the last administration was.
LINK
Posted on 2/10/26 at 2:14 pm to Ag Zwin
quote:
NGL, I do eat more chicken and pork these days.
Same here. I Occassionally get a 2 lb. bag of jumbo shrimp and fry it. It's still cheaper than beef and the wife loves it.
Posted on 2/10/26 at 2:20 pm to 3down10
quote:False.
The reason beef costs more is because the government keeps spending more and more which results in inflation and stupid regulations designed to limit their production.
Our beef supply was obliterated during the previous administration.
The resulting supply-demand imbalance is why beef prices are sky-high.
It will take 3–5 years to get back toward pre-Biden herd levels (if conditions cooperate), and as much as 5–10 years for a full cycle recovery to stable beef production and previous price levels.
Posted on 2/10/26 at 2:26 pm to 3down10
quote:
Maybe they should look into why we don't have better production in the US rather than importing in cheap beef that comes from lower regulations
Reason our domestic herd is so small is because of the religion of climate change. Reason prices are as high as they are is simply supply and demand.
Thru used to teach this stuff in jr high.
Posted on 2/10/26 at 2:27 pm to ragincajun03
Beef prices have outpaced inflation over the last 30 years, but not significantly so.
Posted on 2/10/26 at 2:31 pm to Zach
quote:
I Occassionally get a 2 lb. bag of jumbo shrimp and fry it. It's still cheaper than beef and the wife loves it.
Same. I am working on my shrimp and grits game as a result. Got the grits down well enough, but I need a recipe for the shrimp that doesn't require a bunch of ingredients I don't usually keep reasonably handy (and are readily available here in Upper Southern Canada).
Posted on 2/10/26 at 2:32 pm to j1897
There were plenty of cattle running through the Nebraska plant to keep it sustainable through the over all small national cattle numbers. Obviously it takes years to bring back the cattle population but why didn’t Tyson decide to just scale back operations in Nebraska like they did in Amarillo?
Posted on 2/10/26 at 2:37 pm to NC_Tigah
quote:
False.
Our beef supply was obliterated during the previous administration.
The resulting supply-demand imbalance is why beef prices are sky-high.
It will take 3–5 years to get back toward pre-Biden herd levels (if conditions cooperate), and as much as 5–10 years for a full cycle recovery to stable beef production and previous price levels.
Ok,then why are eggs still 2.5 times more than they were 6 years ago?
It only takes 6-12 months for those supply chains to resupply.
Posted on 2/10/26 at 3:22 pm to 3down10
quote:
Ok,then why are eggs still 2.5 times more than they were 6 years ago?
Welp.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News