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While Agriculture Secretary Brooke Rollins and others denounce Brazilian meatpackers and American reliance on foreign beef, Brazilian beef imports to the U.S. continue to soar. The Trump administration has launched at least two trade investigations into Brazil, but neither has led to any specific actions.
Severe drought is affecting pasture conditions across major cattle-producing states this spring. Nearly 80% of the U.S. beef cow herd is currently impacted.
Corn was 38% planted, soybeans were 33% planted and winter wheat was rated 31% good to excellent as of Sunday, May 3, according to USDA NASS' weekly Crop Progress report released on Monday.