Trump cannot possibly be so breathtakingly stupid as to believe ranchers, or anybody else, decide the cost of beef in the grocery store.
The price of beef is DIRECTLY PROPORTIONATE to the price of feeder cattle on the hoof. And it always has been.
There is no conspiracy to mark up by the processors. Their costs are relatively static and their revenue/profit depends on volume.
As prices go up, volume goes down.
This is not gasoline. People have several options for animal protein.
EVERY JOB ALONG THE FOOD CHAIN HAS A MINIMUM COST OF $20...