During an Oval Office briefing with reporters on Thursday, President Trump railed against the Democrats’ current focus on affordability. Trump said food and energy prices have come down under his leadership. However, consumer beef prices remain in his crosshairs. “We have much lower prices than they (Biden Administration) do,” said Trump. “We only have one thing, beef, because the cattle ranchers are doing well. We’re going to bring the beef prices down; they understand that, even if we have to help them out.” On October 16, Trump made his first social media post about the price of beef, saying it was too high. Imports from Argentina were eventually cited as a way to lower consumer beef prices. The cattle market has seen extreme volatility and a sharp decline since mid-October. Feeder cattle futures have dropped more than $55 per hundredweight since that time.
