Trump's Tariff Claims: President Trump stated that U.S. cattle ranchers are benefiting from tariffs he imposed on imported cattle, including a 50% tariff on Brazilian beef, and urged them to lower their prices for consumers.
Pushback from Ranchers: His suggestion to import more beef from Argentina to reduce U.S. prices faced criticism from cattle ranchers and Republican lawmakers, who argued it could disrupt the market and pose health risks to domestic livestock.
Factors Driving Beef Prices: The Nebraska Farm Bureau highlighted that high beef prices are primarily due to a low cattle supply caused by drought and reduced imports from Mexico, while tariffs have increased the cost of imported beef.
Concerns Over Trade Relationships: The CEO of the National Cattlemen's Beef Association pointed out the unbalanced trade relationship with Argentina and the potential risks of foot-and-mouth disease affecting U.S. livestock production.
Wall Street analysts forecast MOO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MOO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast MOO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MOO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 78.880
Low
Averages
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Current: 78.880
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
