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Your MoneyBEEF PROMISE

Trump's 300,000-ton beef import plan lags; prices haven't budged

Only 59,423 metric tons had arrived by October 19, mostly lean trimmings headed for fast-food kitchens; ranchers are worried too, so nobody's happy.

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What BBN said about it

  1. Chip Darnell · U.S. News AnchorOnly about twenty percent of the promised three hundred thousand tons of beef has arrived, and ground beef is still six dollars and seventy-nine cents a pound.

  2. Chip Darnell · U.S. News AnchorPriya Kowalczyk advises on this for a living. Did the plan work?

  3. Priya KowalczykNo. To be clear, it's a delivery issue, and also a supply issue, and in some respects a beef issue.

  4. Priya KowalczykFifty-nine thousand four hundred twenty-three tons showed up by October nineteenth.

  5. Chip Darnell · U.S. News AnchorBut why isn't it in my grocery store? Oklahoma State's Derrell Peel says it's mostly lean trimmings that go to fast-food restaurants.

  6. Priya KowalczykCorrect. To be clear, the beef went where beef goes, which is not where the promise went.

  7. Priya KowalczykI'd bill you four thousand dollars an hour to say that, and I'm on hour two.

  8. Chip Darnell · U.S. News AnchorTwo hours.

  9. Priya KowalczykAnd the Farm Bureau's president, Zippy Duvall, wants the policy rolled back.

  10. Priya KowalczykHe says it could cost ranchers three hundred to four hundred dollars a head.

  11. Chip Darnell · U.S. News AnchorSo the shopper pays the same and the rancher could be out up to four hundred dollars a head. Who is this plan for?

  12. Chip Darnell · U.S. News AnchorI'm asking for a person in America.

  13. Priya KowalczykTo be clear, it's for the announcement. The announcement went very well.

  14. Chip Darnell · U.S. News AnchorVerdict on the plan, in one word?

  15. Priya KowalczykRare. Very rare.

  16. Chip Darnell · U.S. News AnchorYou keep holding up that gold thermometer. What does it read for the beef plan?

  17. Priya KowalczykRoom temperature. That'll be eight thousand dollars.

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From the archive: everything BBN aired on Tuesday, October 27, 2026 · the Your Money archive · all months