By David Lawder and Tom Polansek
CHICAGO, May 11 (Reuters) – U.S. President Donald Trump has delayed the planned signing of executive orders on Monday to allow increased beef imports into the U.S. and to support renewal of the U.S. cattle herd in an effort to address high beef prices, the Wall Street Journal reported on Monday.
The report, which cited a White House official, contradicted an earlier White House statement that Trump would sign the orders on Monday.
The White House did not immediately respond to a request for comment on the report, and it did not issue any statements or fact sheets on the measures as of late Monday, which is customary after executive order signings.
The newspaper said Trump had been planning to temporarily suspend tariff-rate quotas on beef, allowing more imports at lower tariff rates, and to direct the Small Business Administration to increase lending to ranchers and reduce environmental protections for gray and Mexican wolves that prey on herds.
Expectations for increased beef imports from Brazil weighed on U.S. cattle futures on Monday after Trump met Brazilian President Inacio Lula da Silva last week. Chicago Mercantile Exchange June live cattle futures shook off early losses to end slightly higher, while August feeder cattle dropped 0.5%.
Although prices for eggs, milk, and other grocery staples have fallen since Trump took office in January 2025, beef prices continue to climb, a symbol of persistent inflation for American consumers as the summer backyard grilling season gets underway.
Last October, Trump ordered a quadrupling of beef imports from Argentina, and a month later removed his 40% punitive tariff on Brazilian beef and coffee.
The moves did little to reverse beef prices, which were up 12.1% year-over-year in April, according to the Labor Department’s Consumer Price Index. Beef is more than 16% more expensive than when Trump returned to office in January 2025.
HAMBURGER HELPER
The U.S. cattle herd has dwindled to a 75-year low after ranchers slashed their herds because of a persistent drought that burned up grazing lands and raised feeding costs. High cattle prices have also encouraged ranchers to sell livestock to be slaughtered, instead of keeping them for breeding.
The U.S. Department of Agriculture has projected that the country will import a record 5.8 billion pounds of beef this year, up about 6% from 2025 and 25% from 2024.
Most imports are lean beef trimmings that are mixed with U.S. supplies to make ground beef, said David Anderson, agricultural economist at Texas A&M University. He said more imports could help hamburger restaurants reduce their ingredient costs, but he did not expect prices to fall significantly for consumers.
“We were already importing a record amount. How much more does this get on top of what we were already importing?” Anderson said. “I’m hard-pressed to see this is going to be a huge effect on prices. It would be tough to have this be a huge influx of supply.”
Bill Bullard, CEO of cattle producers’ group R-CALF USA, said increased imports also could discourage American ranchers from expanding their herds. Smaller cattle feeders could even exit the industry if prices drop far enough, he said.
Consumers may not see benefits as ranchers come under pressure, Bullard said.
“We’ve had record imports for the past three years and at the same time consumers continue to pay record prices for beef,” he added.
(Reporting by David Lawder and Tom Polansek, writing by David Lawder Editing by Mark Porter, David Gregorio and Kate Mayberry)
Comments