Illinois beef producers say Trump’s Argentina beef plan hurts farmers

Spread the love

(The Center Square) – Illinois beef producers express frustration over President Donald Trump’s plan to expand beef imports from Argentina, a move he says will lower grocery prices but that many warn could hurt U.S. farmers already struggling with tight margins.

Talking with reporters last week, Trump defended the plan as a short-term measure to stabilize food costs.

“The only price we have that’s high is beef, and we’ll get that down,” Trump said. “One of the things we’re thinking about doing is beef from Argentina. If we do that, that will bring our beef prices down. I’m not talking about that much from Argentina, but it would help Argentina, which we consider a very good country, a very good ally.”

Illinois Beef Association Director Josh St. Peters said producers already feel market volatility since Trump’s announcement.

“The markets have at least been able to help producers break even and try to make a little money to pay their bills,” said St. Peters. “In the five trading days since the President pushed for increasing imports of beef from Argentina, we’ve seen a steady decline in the futures markets for live cattle and feeder cattle. That’s directly impacting the amount of money that farmers make.”

St. Peters said Trump’s recent push to import beef from Argentina, meant to lower grocery costs, is instead hurting farmers: cattle prices drop up to 12% while grocery prices rise.

“What we call the boxed beef indicator, that’s the beef trade metric between grocery stores and retailers, has actually increased over the last week and a half,” St. Peters said.

Supporters say Trump’s Argentina beef deal reduces reliance on China, but many Illinois farmers who backed his “America First” agenda are now questioning the policy.

“President Trump campaigned pretty blatantly on an America first agenda,” he said. “But beef producers and farmers in general at this point are feeling very disenfranchised because this is a South America first agenda that he’s proposed.”

In recent remarks, Trump said that the policy would not “benefit Argentina more than U.S. farmers,” calling the South American nation “a country fighting for its life.”

“They have no money. They have nothing,” Trump said. “If I can help them survive in a free world, I happen to like the president of Argentina. I think he’s trying to do the best he can.”

St. Peters warned that the trade proposal risks undercutting U.S. producers while rewarding competitors.

“Essentially, they’re putting a premium, according to President Trump, on beef in South America versus domestically produced beef,” he said. “By importing from Argentina, we’re bringing in South American beef and our understanding of trade in Argentina is that a lot of the beef that makes its way through their market for export actually originates in Brazil.”

St. Peters said the focus should be on stabilizing domestic markets and keeping consumer confidence high.

“We’re encouraging consumers to continue buying beef at the grocery store, to continue dining on beef when you’re out,” he said.

The Illinois Beef Association, based in Springfield, represents more than 17,000 beef producers statewide.

Leave a Comment





Latest News Stories

WATCH: GOP leader calls Pritzker’s accountability commission a 'political stunt'

WATCH: GOP leader calls Pritzker’s accountability commission a ‘political stunt’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker has created a new government commission to document the conduct of federal law...
Unions sue Trump over immigrant drivers license crackdown

Unions sue Trump over immigrant drivers license crackdown

By Andrew RiceThe Center Square Two national public employee unions sued the Trump administration over its restrictions preventing illegal immigrants from obtaining commercial drivers licenses. The American Federation of Teachers...
Battery storage financials remain in question as lawmakers consider energy omnibus

Battery storage financials remain in question as lawmakers consider energy omnibus

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – State lawmakers are expected to include battery storage as part of an energy omnibus bill at the...
Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant

Illinois quick hits: Pritzker praises credit upgrade; Cook County approves $20M quantum grant

By Jim Talamonti | The Center SquareThe Center Square Pritzker praises credit upgrade Moody’s Investors Service has upgraded Illinois’ credit rating to A2 for the state’s general obligation bonds. Gov....
Op-Ed: Main Street businesses, customers would bear brunt of a tax on services

Op-Ed: Main Street businesses, customers would bear brunt of a tax on services

By Noah Finley | National Federation of Independent BusinessThe Center Square Even as lawmakers reconvene in Springfield for the fall veto session, special interest groups continue to press for higher...
Supreme Court grants extra time for arguments in tariff case

Supreme Court grants extra time for arguments in tariff case

By Brett RowlandThe Center Square The U.S. Supreme Court will grant some additional time for oral arguments in a case challenging President Donald Trump's tariff authority, but won't let tribal...

WATCH: White House vows to ‘fight’ lawsuits over $100,000 H-1B visa fee

By Andrew RiceThe Center Square The White House on Thursday vowed to fight legal challenges to President Trump’s $100,000 H-1B visa fee. White House Press Secretary Karoline Leavitt told reporters...
WATCH: Illinois leaders on both sides send Bailey family condolences for loss of 4

WATCH: Illinois leaders on both sides send Bailey family condolences for loss of 4

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Leaders on both sides of the political aisle are sending condolences to former state Sen. Darren Bailey’s...
Democrats tank GOP bill to pay troops, essential workers during govt shutdown

Democrats tank GOP bill to pay troops, essential workers during govt shutdown

By Thérèse BoudreauxThe Center Square Republicans’ attempts to avert the worst effects of the ongoing government shutdown failed Thursday after Senate Democrats blocked a bill that would ensure essential federal...
Texas lawmaker introduces agricultural visa reform

Texas lawmaker introduces agricultural visa reform

By Andrew RiceThe Center Square A Texas lawmaker introduced legislation to reform the H-2A visa program for agricultural workers. U.S. Rep. Monica De La Cruz, R-Texas, introduced the Bracero Program...
Home sales rise 1.5% in September as mortgage rates dip

Home sales rise 1.5% in September as mortgage rates dip

By Brett RowlandThe Center Square Home sales increased 1.5% in September as mortgage rates dipped, according to the National Association of Realtors. The group said September's 1.5% increase in existing-home...
FBI arrests 34 in NBA, poker gambling probe involving crime families

FBI arrests 34 in NBA, poker gambling probe involving crime families

By Jon StyfThe Center Square Thirty-one people including Miami Heat player Terry Rozier and Portland Trail Blazers coach Chauncey Billups were arrested along with 32 others on Thursday morning in...
Poll: Americans divided on Trump's deportation, immigration policies

Poll: Americans divided on Trump’s deportation, immigration policies

By Andrew RiceThe Center Square Americans are divided on President Donald Trump’s deportation and immigration policies, according to a new poll. The Center Square Voters’ Voice Poll found that 46%...
WATCH: Pritzker to sign exec. order to ‘pursue accountability’ amid federal deployments

WATCH: Pritzker to sign exec. order to ‘pursue accountability’ amid federal deployments

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop starts the program...
Helicopter crash claims lives of Bailey's son, daughter-in-law, grandchildren

Helicopter crash claims lives of Bailey’s son, daughter-in-law, grandchildren

By The Center SquareThe Center Square (The Center Square) – Illinois Republican gubernatorial candidate Darren Bailey’s campaign has released a statement following the death of Bailey’s son Zachary and his...