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  • US beef prices are soaring. Will Trump’s plans lower them?

    US beef prices are soaring. Will Trump’s plans lower them?

    Danielle KayeBusiness reporter

    Mike Callicrate A man wearing denim stands on a grassy plot of land with his hands in his pockets. Several cows graze the land in the background. Mike Callicrate

    Mike Callicrate, a cattle rancher who has built a direct-to-consumer operation, at his farm in St Francis, Kansas.

    Beef prices have gotten so high in the US that it has become a political problem.

    Even Donald Trump, who long ago declared inflation “dead”, is talking about it, as the issue threatens to undercut his promises to bring down grocery prices for Americans.

    This week, he took to social media, urging ranchers to lower prices for their cattle.

    But his demand – and other proposals his administration has floated to address the issue – has sparked a backlash among ranchers, who worry some of his solutions will make it harder for them to make a living, while making little dent at the grocery store.

    The number of beef cattle farmers and ranchers in the US has dwindled steadily since 1980, reducing domestic supplies and driving up prices, as demand remains high.

    The country’s cattle inventory has fallen to its lowest level in nearly 75 years, while the US has lost more than 150,000 cattle ranches just since 2017 – a 17% drop, according to the Agriculture Department.

    Ranchers say they are under pressure from four decades of consolidation among the meat processors that buy their livestock, while high costs for key inputs like fertiliser and equipment have intensified the strain.

    The contraction in the industry has worsened, as several years of drought have forced ranchers to slash their herds.

    Christian Lovell, a cattle rancher in Illinois, said parts of his farm that were lush and grassy when he was a child have now dried up, limiting where his cows can graze.

    “You put all these together and you have a recipe for a really broken market,” said Mr Lovell, who works with advocacy group Farm Action.

    Beef inflation

    Retail prices for ground beef rose 12.9% over the 12 months to September, and beef steaks were up 16.6%, according to US inflation data published Friday by the Bureau of Labor Statistics.

    A pound of ground chuck now costs an average of $6.33 (£4.75), compared with $5.58 a year ago.

    The increases have significantly outpaced general food inflation, which stood at 3.1%.

    “The cattle herd has been getting smaller for the last several years, yet people are still wanting that American beef – hence the high prices,” said Brenda Boetel, a professor of agricultural economics at the University of Wisconsin, River Falls.

    Derrell Peel, a professor of agricultural economics at Oklahoma State University said he expected prices to remain elevated until at least the end of the decade, noting that it takes years to replenish herds.

    The Trump administration’s “hands are tied” when it comes to interventions that will help lower prices, Mr Peel added.

    Reuters Two men wearing suits stand in front of the American and Argentinian flags. One man points toward the camera.Reuters

    US President Donald Trump with Javier Milei, president of Argentina, which accounts for just 2% of American beef imports

    ‘Chaos’ for American producers

    The Agriculture Department this week unveiled what it called a “big package” aimed at ramping up domestic beef production, by opening more land for cattle grazing and supporting small meat processors.

    That proposal came after Trump drew the ire of ranchers when he proposed to import more beef from Argentina, potentially quadrupling the purchases.

    Eight House Republicans responded with a letter to the White House expressing concern about Trump’s import plans.

    Even the National Cattlemen’s Beef Association, which has voiced support for Trump’s policies in the past, said the import plan “only creates chaos at a critical time of the year for American cattle producers, while doing nothing to lower grocery store prices”.

    Trump responded by assuring farmers that he was helping them in other ways, noting tariffs that are limiting imports from Brazil.

    “It would be nice if they would understand that, but they also have to get their prices down, because the consumer is a very big factor in my thinking, also,” Trump wrote.

    But that has failed to quell the furore.

    Justin Tupper, president of the US Cattlemen’s Association, said he thought that only the big four meat packers would benefit from Trump’s import plan.

    “I don’t see that lowering prices here at all,” Mr Tupper said.

    ‘These are consolidated markets’

    Some say the government could make an impact if it focused on the way a handful of companies dominate the market for meat processing.

    Today, just four companies control more than 80% of the beef slaughtering and packing market.

    “These are consolidated markets gouging ranchers and gouging consumers at the store,” said Austin Frerick, an agricultural and antitrust policy expert and a fellow at Yale University.

    The meat processing firms – Tyson, JBS, Cargill and National Beef – have faced several lawsuits, including one filed by McDonald’s alleging they colluded to inflate the price of beef.

    Though Trump revoked a Biden-era order earlier this year that directed agencies to tackle corporate consolidation across the food system, his administration has taken other steps to investigate competition issues in the agricultural industry.

    ‘We’re not going to rebuild this cow herd’

    Mike Callicrate runs a cattle ranch in St Francis, Kansas. He said the only way he has managed to stay in the industry was by cutting out the middleman and setting up his own stores to reach consumers directly.

    But Mr Callicrate acknowledged that most ranchers do not have the money to make that shift. Many have left the industry – and see no incentive to jump back in.

    “We’re not going to rebuild this cow herd – not until we address market concentration,” Mr Callicrate said.

    He said he supported the Agriculture Department’s plans to open up more cattle grazing land to boost production and bring down retail prices.

    “But unless we have a market,” he added, you’re a “fool to get into the cattle business”

    Bill Bullard A man wearing a cowboy hat speaks into a microphone.Bill Bullard

    Bill Bullard, the chief executive of R-CALF USA, a cattle producer trade association, said ranchers have seen a recovery in cattle prices over the past year.

    Bill Bullard found himself in the first wave of ranchers pushed out as the meat processing industry started to consolidate in the early 1980s.

    He closed down his 300-cow operation in South Dakota in 1985.

    Mr Bullard, who is now the chief executive of R-CALF USA, a cattle producer trade association, said it was only in the last year or so that ranchers had received good prices for their livestock, as supply dropped to such a low level that the prices paid by meat processors “simply had to increase”.

    Still, reliance on imports and meat packers’ buying power persist, Mr Bullard said, meaning ranchers “lack confidence in the integrity of the marketplace” and remain reluctant to grow their herds.

    He said he did not have confidence that the president’s ideas would fix the issues.

    “He’s focused on the symptoms and not the problems,” he said.

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  • OPPO Redefines Personalized Mobile AI Experiences with Google

    OPPO Redefines Personalized Mobile AI Experiences with Google

    MADRID, SPAIN –
    Media OutReach Newswire – 25 October 2025 – OPPO, a leading global smart device brand, today announced a deeper collaboration with Google to redefine personalized and secure mobile AI, focusing on personalized AI…

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  • Cardiologist shares 6 foods to eat to lower cholesterol: Walnuts, okra and more

    Cardiologist shares 6 foods to eat to lower cholesterol: Walnuts, okra and more

    A Lancet study published in 2023 stated that cardiovascular diseases (CVD) are the leading cause of death and disability in India. The situation is grave enough that CVD is named as an epidemic. Indians are at risk of developing CVD earlier…

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  • A clean day on a dirty track

    A clean day on a dirty track

     

    • Scuderia Ferrari HP had three drivers on parade today at the Mexico City Grand Prix. While Charles Leclerc drove both sessions, Lewis Hamilton sat out the first one, as his SF-25 was entrusted to Italy’s Antonio Fuoco.

    •…

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  • First multiple sclerosis patient in the UK receives CAR T cell therapy in groundbreaking trial

    First multiple sclerosis patient in the UK receives CAR T cell therapy in groundbreaking trial

    A multiple sclerosis (MS) patient in the UK was the first to receive CAR T cell therapy, invented by UCL researchers, in a clinical trial testing whether this personalized treatment can slow or even halt the progression of the…

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  • Elizabeth Hurley reveals how she spends mornings with boyfriend Billy Ray Cyrus

    Elizabeth Hurley reveals how she spends mornings with boyfriend Billy Ray Cyrus

    Elizabeth Hurley shares insights into mornings with boyfriend Billy Ray Cyrus

    Elizabeth Hurley is sharing some insights into her morning rituals and how she spends her start of day with her beau Billy Ray Cyrus.

    The…

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  • What the teams said – Friday at the 2025 Mexico City Grand Prix

    What the teams said – Friday at the 2025 Mexico City Grand Prix

    Mercedes

    Russell sat out FP1 for Vesti, who had a good session for the Silver Arrows. Not as good as Antonelli though, who looked quick throughout. He wound up second on the leaderboard in an encouraging display that certainly indicated that

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  • WTI Oil: Crude Rallies Above $60 On Fresh U.S. Sanctions And U.S. Million Barrel Purchase – Seeking Alpha

    1. WTI Oil: Crude Rallies Above $60 On Fresh U.S. Sanctions And U.S. Million Barrel Purchase  Seeking Alpha
    2. Oil prices dip after surge, remain on track for weekly gain amid supply fears  Business Recorder
    3. Oil rises more than 1% on supply risk, US-China trade talks  Dunya News
    4. There Are Signs the Supply Glut Is Now Hitting the Market  Rigzone
    5. WTI Oil: Crude rallies above $60 on fresh US sanctions and US million-barrel purchase  marketpulse.com

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  • Softronic (OM:SOF B) Margin Miss Challenges Premium Valuation Narrative

    Softronic (OM:SOF B) Margin Miss Challenges Premium Valuation Narrative

    Softronic (OM:SOF B) posted current net profit margins of 8.6%, a decline compared to last year’s 10.1%. Over the past 12 months, the company recorded negative earnings growth, in stark contrast to a 4% annualized growth rate over the last five years. While margins compressed recently, earnings are still described as high quality. This sets up a context where long-term profitability could temper short-term concerns.

    See our full analysis for Softronic.

    Next, we’ll see how these latest results compare to the most commonly held investment narratives and expectations around Softronic. This is where the numbers really get put to the test.

    Curious how numbers become stories that shape markets? Explore Community Narratives

    OM:SOF B Earnings & Revenue History as at Oct 2025
    • Softronic’s share price trades at SEK 22.95, which is a 70% premium over the DCF fair value estimate of SEK 13.53 and sits above the peer average price-to-earnings (P/E) ratio of 14.9x. It remains below the European IT sector average of 19x.

    • The prevailing narrative emphasizes that while a higher multiple signals investor confidence in stability and sector resilience, this valuation gap means further upside will likely require renewed earnings growth or stronger contract wins.

      • The significant spread between current price and DCF fair value highlights a key tension, as ongoing negative earnings growth may not justify such a substantial premium unless fundamentals improve materially.

      • Strong historic profit quality and recurring sector contracts are positives. However, investors cautious about overpaying will note that valuation now depends more on future delivery than on past performance.

    • Net profit margin narrowed to 8.6% this year, declining from a recent 10.1%, signaling that some operating leverage has been lost even against a positive five-year growth backdrop.

    • Recent analysis shows that, despite this squeeze on profitability, Softronic’s recurring public sector contracts and prudent management keep it well-positioned as a “defensive digitalization play.”

      • For investors seeking stable dividends and defensive exposure, the margin dip is a watchpoint but not a dealbreaker if the company sustains its revenue resilience.

      • It is important to note that margin compression is an industry-wide theme, and Softronic’s ability to maintain above-peer multiples suggests the market still values its stable business mix and execution record.

    • A minor risk to dividend sustainability is noted, especially given recent negative earnings growth and squeezed profitability, even as the company is known for consistent payouts.

    • Ongoing discussion points out that, despite reliable dividends and a sector focused on yield, any further erosion of project funding or an uptick in costs could pressure distributions.

      • The robust historic dividend history helps anchor income-seeking investors, but future payouts now depend more on margin recovery than before.

      • It is notable that the IT sector still views Softronic as a shelter in volatile markets, but dividend risks could challenge its perceived safe-haven status if fundamentals deteriorate further.

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  • Charles Leclerc suggests Ferrari ‘on the back foot’ in Mexico compared to McLaren and Red Bull

    Charles Leclerc suggests Ferrari ‘on the back foot’ in Mexico compared to McLaren and Red Bull

    Charles Leclerc believes Ferrari are “on the back foot” against Red Bull and McLaren, despite being the second fastest driver on Friday in Mexico.

    Leclerc returned to the podium for the first time in six weekends last time out in Austin, and…

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