US beef prices are soaring. Will Trump's plans lower them?

Beef prices in the US have surged, prompting US President Donald Trump to call on ranchers to lower prices for cattle, as retail beef prices continue to climb. However, ranchers fear proposed solutions might harm their livelihoods and do little to alleviate consumer costs. The industry faces challenges due to dwindling cattle supplies, consolidation among meat processors, drought, and rising input costs. Trump's administration's plans to increase beef production, including importing beef from Argentina, have faced backlash, with critics advocating for addressing market consolidation to lower prices in the long term.