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Home – Department of Agriculture News – Top Cabinet Official Signals Prices Will Drop Soon

Top Cabinet Official Signals Prices Will Drop Soon

Elizabeth Troutman Mitchell

Secretary of Agriculture Brooke Rollins told the Daily Signal that she predicts beef prices will decrease before the November midterm elections.

Beef prices fell 1% in August, after a 0.8% decline in July. But Rollins said the Trump administration is not done working toward lower prices.

“I think there’s a lot we’re going to be able to do in the short term and the long term,” she said in an exclusive interview.

President Donald Trump in August announced that the U.S. would import 300,000 metric tons of foreign beef, angering the many American ranchers who helped elect the president. Trump also signed an executive order allowing ranchers to sell and process their own meat, a deregulatory action praised by farmers.

For the first time in 10 years, heifer retention numbers went up, which is good for the long-term viability of building the herd, Rollins said. In the short term, bigger numbers of cattle are going into the feedlots, and the Trump administration reopened the ports along the southern border, she said.

Rollins said American grocers are also working to make healthy food more affordable.

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