Updated
Updated · Fox News · Sep 25
Trump Signs 2 Orders to Boost Ranching as Ground Beef Hits Record $6.92 a Pound
Updated
Updated · Fox News · Sep 25

Trump Signs 2 Orders to Boost Ranching as Ground Beef Hits Record $6.92 a Pound

1 articles · Updated · Fox News · Sep 25

Summary

  • Two executive orders signed Sept. 4 direct agencies to cut barriers for ranchers, let more state-inspected meat move across state lines, support smaller processors and modernize inspections.
  • USDA last week also moved to help states start or expand meat-inspection programs, aiming to add local processing capacity and give ranchers more ways to sell beef.
  • Record-high prices helped drive the push: ground beef reached $6.92 a pound, while the U.S. cattle herd has fallen to a 75-year low and domestic beef production is declining.
  • The administration argues regulation and concentration are the deeper problem, with four companies controlling about 85% of U.S. beef processing capacity and small processors struggling to open or expand.
  • The orders follow a Sept. 1 move to widen lower-tariff access for 300,000 metric tons of imported lean beef trimmings, a step that angered ranchers who said cheaper imports could undercut herd rebuilding.

Insights

Since rebuilding cattle herds takes years, are these new executive orders enough to break the packing oligopoly and permanently stabilize meat prices?
With cattle herds at a 75-year low, can a temporary import surge actually lower your grocery bill before domestic processing catches up?