The Trump administration is moving forward with distributing commodity program payments due to farmers this month.

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

“Today’s comments alone triggered an immediate reaction in the markets — cattle futures dropped significantly. It’s important to underscore: the current price of beef on grocery store shelves reflects the true, inflation-adjusted cost of raising cattle in America today.

“President Donald Trump said Sunday that the United States could purchase Argentine beef in an attempt to bring down prices for American consumers.”

U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country.