U.S. beef market operating under a new dynamic

Despite the lack of clear trade flow after the tariffs imposed by Trump, business with the U.S. has not come to a halt. A trader active in that market explained to WBR that although uncertainty remains across all segments of the chain (importers, traders, distributors, and retailers), two major players —Cofco and McDonald’s— continue to import large volumes of beef into the U.S.

This is supported by two major South American exporters —JBS and Minerva— who have continued to ship significant volumes despite the impact of the 10% tariff. “The feeling here is that beef is not lacking; someone bought it,” he said.

As a result, some importers are opting to wait before making new purchases. “Some prefer beef already landed in the U.S., with the 10% cost included, rather than risk potential additional tariffs or shipping delays,” he added.

Nonetheless, the source noted that the “potential” for the U.S. to continue importing large volumes “remains intact. Beef prices are at historic highs in retail —while pork and chicken remain cheap and competitive— but consumption hasn't slowed. Unless there’s a major black swan event or a severe recession, I don’t see that trend changing anytime soon,” he said.