Update: Trump to Sign Executive Orders to Address Beef Supply Issues

MT Newswires Live05-12

(Updates with statement from the White House throughout.)

President Donald Trump will sign two executive orders on Monday to boost beef imports, a White House official told MT Newswires.

The move will "address short-term supply issues in the US beef market by expanding imports and supporting the renewal of America's domestic cattle herd, which is currently at a multi-decade low," the official said in the emailed response.

The confirmation follows a report by The Wall Street Journal earlier Monday that the Trump administration is planning to temporarily cut tariffs on beef imports to help lower record-high beef prices in the US.

Price: 20.12, Change: -0.32, Percent Change: -1.57

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