President Donald Trump knows how to provoke and move markets. But when it comes to beef prices, he may have missed a few briefings on cattle economics.
Last week, Trump authorized an additional 300,000 metric tonnes of lean beef trimmings to enter the United States at the lower, within-quota tariff rate. Beginning September 1, the measure will permit up to 100,000 tonnes a month for 90 days. The imported trimmings will be blended with American beef to produce ground beef. The White House is encouraging suppliers to offer it at a 25% discount.
