Show us the Beef The last American president with a knowledge of agriculture was Jimmy Carter back in the 1970’s. The largest problem policymakers have is squaring the competing concerns of consumers and producers. The latest example is beef. President Trump is increasing beef imports to lower the cost of beef to consumers. The domestic cattle herd is at a 70-year low, at the same time beef is at a record high. Some analysts believe that on current trend, ground beef (currently averaging $6.323/pound) will reach $10/pound in 2026. President Trump noted that cattlemen currently have high profits, at the same time his Administration investigates the packer end of the value chain for malfeasance. Notably, countries like Brazil and China...

TAGS – North America, Macroeconomics