Another Surprise for the Cattle Market

The chaotic cattle market suffered another surprise with the White House removing beef from its reciprocal tariff list. Tariffs were rolled back on more than 200 items, including beef. The cattle herd remains at a 70-year low, but took a psychological hit on October 19^th when President Trump told reporters U.S. beef prices were too high. Trump doubled down with similar comments on Truth Social. Another twist happened on November 7^th when Trump called for a Justice Department investigation into the four major beef meatpackers.