David Anderson:
There have been some months where it was our largest import source of beef, largely lean beef trimmings for hamburger. We have announced a 50 percent tariff on products from Brazil, and that includes beef. That will be on top of the already, I think, it’s 26.5 percent tariff on Brazilian beef.
So I think we will see imports from Brazil decline pretty dramatically simply because of that tariff. Now, that also works to reduce our supplies of beef, which works towards keeping prices higher.
