Trump Import Push Rattles Cattle; Aid Announced | JQJO

On an Iowa farm, Burleen and Pete Wobeter watched their lone bright spot—cattle—dim after President Trump said he would quadruple beef imports from Argentina to lower prices, sending wholesale cattle prices tumbling. Soybean sales to China had already vanished, leaving bins full and budgets tight. Ranchers say they’re earning less even as shoppers pay more: ground beef up nearly 13% and steak 16%, amid drought, costly feed, and a decades-low herd. Industry leaders doubt added Argentine supply—about 2.5%—will matter. The administration announced $3 billion in aid, with larger relief and new trade deals floated.