Reported about 17 hours ago
Canadian ranchers are shrinking their cattle herds in response to the potential imposition of tariffs by President Trump, leading to concerns over rising beef prices. With a decline in both U.S. and Canadian cattle populations, compounded by longstanding drought conditions and increasing feed costs, exporters worry that tariffs could disrupt the historical flow of cattle and beef across the U.S.-Canada border. This situation is driving prices up, as evidenced by a 43% increase in average ground beef prices in the U.S. since 2020, creating uncertainty for ranchers and affecting related agricultural businesses.
Source: YAHOO