Rick Perry highlights that President Trump's 'America First' policies have been pivotal in reshaping various sectors, particularly trade, to prioritize American interests. In light of Joe Biden's administration, ground beef prices have skyrocketed to an average of $6.69 per pound, marking the highest level since the 1980s, indicating significant concern for consumers and the agriculture industry. Perry points to structural issues within the beef market, such as a declining domestic cattle herd, which currently sits at a 75-year low, as a significant factor contributing to these price hikes.

The American Farm Bureau Federation's analysis suggests that the reduction in the cattle herd is linked to a decrease in the number of calves retained for breeding, causing a prolonged contraction of supply. This trend signals potential long-term ramifications for the beef market, as experts anticipate that the cattle herd will not rebound until at least 2028. This situation poses challenges not only for consumers facing higher prices but also for farmers and ranchers who are navigating a complex landscape of industry factors.

Perry's reflections underscore the importance of trade policies and domestic agricultural strategies in stabilizing the market for staple goods like beef. By advocating for the America First approach, he implies that a reevaluation of current policies is essential to protect consumers from inflated prices and ensure the long-term viability of the agriculture industry in the United States.