Tyson Foods will temporarily continue to prepare beef for sale at a slaughterhouse it is closing in Lexington, Nebraska, the meatpacker said on Friday, offering a short reprieve to 9% of the facility’s 3,200 workers.

The Trump administration will quadruple the amount of beef that can be imported from Argentina at a lower tariff rate. 

“America’s food supply chain is a national security priority for the Trump administration. We are committed to ensuring the American people have an affordable source of protein and that America’s ranchers have a strong economic environment ..."

Feeder cattle prices continued their long-term uptrend, posting new contract highs again this past week.

Soybean futures traded higher overnight; cattlemen are ‘concerned’ about Trump’s beef comments.