"The Cattle Ranchers, who I love, don't understand that the only reason they are doing so well, for the first time in decades, is because I put Tariffs on cattle coming into the United States, including a 50% Tariff on Brazil,"
"If it weren't for me, they would be doing just as they've done for the past 20 years - Terrible!"
"While low cattle supplies are contributing to high prices, input costs for ranchers continue to increase at a rapid pace keeping profit margins thin,"
"Ranchers are currently rebuilding herds which will increase supply, but it will take time."
Tariffs, including a 50% tariff on Brazilian beef, coincide with elevated U.S. cattle prices amid limited domestic supply and strong demand. Beef prices have risen while the U.S. herd reached its smallest size since 1961, influenced in part by years of drought and prior low cattle prices. Low supplies and strong consumer demand are pushing prices higher. Input costs for ranchers are increasing rapidly, keeping profit margins thin. Herd rebuilding is underway and will increase supply over time, but the process will take time. Beef imports have declined due to tariffs on Brazil and limits on Mexican imports tied to a pest issue.
Read at ABC7 Los Angeles
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