SIOUX FALLS, S.D. (AP) — President Donald Trump’s plan to cut record beef prices by importing more meat from Argentina is running into heated opposition from U.S. ranchers who are enjoying some rare profitable years and skepticism from experts who say the president’s move probably wouldn’t lead to cheaper prices at grocery stores. Major ranching and farming groups all criticized Trump’s idea because it would likely hurt American ranchers and feedlot operators. And agricultural economists say that Argentine beef accounts for such a small slice of beef imports that even doubling that wouldn’t change prices much.
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