President Donald Trump’s call for an investigation into possible price-fixing in the meatpacking industry could finally bring long-awaited answers for U.S. cattle producers struggling with high prices and limited supply, former National Cattlemen’s Beef Association President Marty Smith said Sunday on Newsmax.
“President Trump has been a great supporter of the United States cattle industry,” Smith told Newsmax’s “Wake Up America Weekend.” “But we are seeing some record high beef prices, largely due to supply and demand. Our beef supply is down, and demand has stayed extremely strong.”
Smith said the current shortage in beef production is the result of several years of tough conditions for ranchers.
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