President Donald Trump’s announcements that the U.S. will allow Argentina to greatly expand its low-tariff beef exports to the U.S. to reduce prices for American consumers have riled Wyoming stock growers.

Trump floated the idea of boosting imports to the U.S. market a week ago, following up with statements that Argentina would be allowed to quadruple the amount of beef it sends north under a low-tariff quota. The move brought a sharp reaction from domestic beef producers as well as markets, which saw cattle prices plunge.

“The president’s statement obviously caused us great concern and some panic in our industry,” said Jim Magagna, executive vice president of the Wyoming Stock Growers Association. “It has had an impact on current live cattle prices and our futures market.”

Magagna caut

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