Trump Reaction
From the Ag Information Network, I’m Bob Larson. President Trump fired back at American cattle producers upset by his plan to buy beef from Argentina to help lower beef prices in the U.S.
Arlan Suderman (SOO-der-man), the chief commodities analyst for StoneX, says the president’s post on Truth Social claimed credit for the high prices beef producers are experiencing …
SUDERMAN … “First of all, when it comes to Argentina, Argentina doesn't have enough surplus beef to make much of a difference in the U.S. market. I don't think we should be worrying too much about that, but they do have a surplus for exporting. Much of that goes to China, and China's going to try to bid that away from us, if at all possible.”
So, Suderman says he doesn’t think Argentina is a big threat, but if you take off the tariffs from Brazil, that might be a totally different story …
SUDERMAN … “While the 50% tariffs on Brazilian beef are contributing to the higher prices in the United States, that's just a piece of the puzzle, and that is not the main cause. The main cause is the lower numbers and the strong demand that we have in the United States overall.”
So, Suderman says his Truth Social post was wrong …
SUDERMAN … “His post about how cattle ranchers need to lower the price for beef, and that they're just experiencing good prices today because of his tariffs, is pretty unfounded.
That’s Arlan Suderman of StoneX.
