Tag: Trump tariffs

BusinessTrade

ADM Offers Unusual Pricing Deal to Secure Soybean Supplies Amid Farmer Resistance

Global grain merchant ADM is implementing an unusual free deferred pricing program to encourage soybean deliveries from US farmers. The move comes as farmers resist selling at current low prices, creating supply challenges for major processors during peak harvest season.

Processor Implements Unusual Harvest Season Strategy

Archer-Daniels-Midland Co, one of the world’s largest grain merchants, is reportedly offering unusual incentives to U.S. farmers to deliver soybeans to its major processing facility in Decatur, Illinois, according to industry sources. The program, described as free deferred pricing, allows farmers to deliver crops immediately while setting the final sale price as late as September 2026 without paying storage fees, sources indicate.

by Darren Holt
EconomyPolicy

Beef Prices Surge 14% As Cattle Shortages Worsen, Trump Eyes Relief Deal

Beef prices have surged 14% over the past year as cattle shortages reach critical levels. The Department of Agriculture reports lean ground beef now averages $7.95 per pound amid declining production forecasts.

Beef Inflation Hits American Consumers

Americans are facing significantly higher beef prices, with ground beef reaching $7.95 per pound on average in August, representing an 8% increase since January, according to reports. The broader beef category has experienced even steeper inflation, climbing 14% over the past year as cattle shortages and production challenges persist across the industry.

by Sarah Collins