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

Economic index shows reduced uncertainty, more stability in Midwest

Economic index shows reduced uncertainty, more stability in Midwest

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Federal Reserve Bank of Chicago’s Survey of Economic Conditions Activity Index suggests more stability and less...
Trump hits India with 50% tariff on imports as talks continue

Trump hits India with 50% tariff on imports as talks continue

By Brett RowlandThe Center Square President Donald Trump put a 50% tariff on goods from India on Wednesday, keeping his word that he'd punish the nation for buying oil from...
RFK Jr. wants doctors to learn more about nutrition

RFK Jr. wants doctors to learn more about nutrition

By Brett RowlandThe Center Square Health and Human Services Secretary Robert F. Kennedy Jr. is calling on medical education organizations to teach doctors more about nutrition during training. The U.S....
WATCH: Congressional candidates debate ICE, other issues

WATCH: Congressional candidates debate ICE, other issues

By Chris WoodwardThe Center Square Candidates for Arizona’s congressional special election have a lot to say about issues affecting the country. That includes the issue of U.S. Immigration and Customs...
Walz: Praying for kids, teachers after horrific act of violence

Walz: Praying for kids, teachers after horrific act of violence

By J.D. DavidsonThe Center Square Minnesota Gov. Tim Walz called a shooting at Annunciation Catholic School in Minneapolis that killed two young children Wednesday morning a horrific act of violence....
Cooperation sought from Big Tech, financial industries to protect children

Cooperation sought from Big Tech, financial industries to protect children

By Alan WootenThe Center Square Protection of children from deepfake pornography and chatbots in artificial intelligence is being requested of major technology and financial companies by nearly every member of...
Two killed, 17 injured in Minneapolis Catholic school shooting

Two killed, 17 injured in Minneapolis Catholic school shooting

By Jon StyfThe Center Square Two children were killed and 17 others were injured when a gunman opened fire on a mass at Minneapolis’ Annunciation Catholic School just before 8:30...
Department of Transportation reclaiming control of D.C. Union Station

Department of Transportation reclaiming control of D.C. Union Station

By Sarah Roderick-FitchThe Center Square In the Trump administration’s latest bid to “beautify” Washington, D.C. and make it safer, the U.S. Department of Transportation announced Wednesday that it is reclaiming...
New law sparks debate over Illinois school mergers, communities fear loss

New law sparks debate over Illinois school mergers, communities fear loss

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – A new law that could push school districts to study possible consolidation, aiming for efficiency and...
Popcorn Festival.1

Casey Gears Up for 37th Annual Popcorn Festival: A Labor Day Weekend Extravaganza!

Fairview Park to Host Four Days of Music, Fun, and Free Popcorn CASEY, IL – Get ready, Casey! The beloved Casey Popcorn Festival is set to return for its 37th anniversary,...
Illinois in Focus: Rest area burglary arrests made; overdose awareness events planned

Illinois in Focus: Rest area burglary arrests made; overdose awareness events planned

By Jim Talamonti | The Center SquareThe Center Square Rest area burglary arrests made Two men have been detained in connection with a reported burglary at the northbound Interstate 57...
WATCH: Pritzker, Johnson defend public safety approach; campaign finance issue looms

WATCH: Pritzker, Johnson defend public safety approach; campaign finance issue looms

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 discusses the latest...
Illinois quick hits: Record hotel tax revenues reported; grocer sentenced for SNAP, WIC fraud

Illinois quick hits: Record hotel tax revenues reported; grocer sentenced for SNAP, WIC fraud

By Jim Talamonti | The Center SquareThe Center Square Record hotel tax revenues reported Illinois tourism numbers for 2024 saw an all-time high for hotel tax revenue. The Illinois Department...
WATCH: Policy questions loom as Pritzker announces ag investment, tax credits

WATCH: Policy questions loom as Pritzker announces ag investment, tax credits

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker says a new fertilizer production facility in Douglas County is a major win for...
Darby Maschoff

Starry Night

Darby Maschoff, daughter-in-law of Brian and Marla Maschhoff, brings a touch of classic art and color with her rendition of Van Gogh’s Starry Night to the southside of her in-laws’...