Iowa Soybean Farmers Lose China; Cattle Backup Affected by Trump Policy

After years of losses, Iowa farmers Burleen and Pete Wobeter hoped for a profitable year in cattle, but President Trump’s announcement to quadruple beef imports from Argentina caused wholesale cattle prices to drop, frustrating producers. As U.S. cattle prices rise due to drought and feed costs, the administration plans to release $3 billion in aid for farmers, while potential trade agreements may benefit U.S. soybean farmers.

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