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Story summary
- U.S. President Donald Trump proposed boosting beef imports from Argentina to provide consumer relief and support the cattle industry.
- Ranchers criticized the proposal for ignoring corporate dominance in the U.S. meatpacking industry.
- Rep. Thomas Massie (R-KY) noted that four companies control 85% of the market.
- Economists say consumer demand drives prices up and that imports from Argentina may have little impact on overall beef prices.
