The Trump administration is planning to temporarily reduce tariffs on beef imports as soon as Monday as it tries to bring down high beef prices, according to the Wall Street Journal.

Great example of scrollytelling with remarkable detail about beef prices not dropping anytime soon by @ilenapeng.bsky.social and team @bloomberg.com. 👏 The illustrations, charts, and timeline are wonderfully designed. 📊Link: www.bloomberg.com/graphics/202...

The war in Iran has led to higher input costs for the #packaging industry, while also hitting consumer demand. The box industry always offers interesting insights in both directions of the supply chain. 📦🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com

Nathan's Famous launched its grass-fed #beef hot dog last week, in the latest example of how companies are trying to capture sales from Americans who still prefer beef whenever they can afford it. 🌭🎁🔗: www.bloomberg.com/news/newslet... via @bloomberg.com

The cost of your hamburger is affected by a cattle supply chain that's 18+ months in the making. we break it down step by step to show just how slim margins are for each operator. w @ilenapeng.bsky.social and @stephd.bsky.social gift link: www.bloomberg.com/graphics/202...

I followed a hypothetical animal through the supply chain to explain why you're standing in front of a ~$7 pound of ground #beef at the grocery store. (Unsurprisingly, the answer is complex. But spoiler: it's not the meatpacker.) 🥩🎁🔗: www.bloomberg.com/graphics/202... via @bloomberg.com

I speed-explained ~2 years of #coffee markets for Vox! Listen here or wherever you get your podcasts (timestamp ~14:00): www.vox.com/explain-it-t...

Such a pleasure to chat with @marketplace.org about my recent @bloomberg.com article on #ube! 💜🔗: www.bloomberg.com/news/article...

US consumer #coffee prices in February reached a fresh record high of $9.459 a pound, even as futures markets have cooled on improving supplies. My latest story @bloomberg.com explains that gap: www.bloomberg.com/news/article...

Long a staple of Filipino cuisine, the purple yam is all over global menus, and farmers are struggling to keep up. Read more: bloom.bg/46oTxa0 🎨: Ryan Haskins for Bloomberg Businessweek 📷️: Ube Area & Getty Images

If you've seen a purple food on social media, chances are it contained #ube. Here's what you should know about the purple yam's cultural significance to the #Philippines and the global craze's impact on supply chains. 💜🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com

The obvious driver of record US #beef prices is low supply. But the market also wouldn't be here without the other side of the Economics 101 equation: demand. Here's why — and how — Americans are still buying the pricey protein. 🥩🎁🔗: bloomberg.com/news/article... via @bloomberg.com

#Egg prices were at record highs a year ago. Now the #protein is the cheapest it has been in two years as farmers overexpanded flocks in case of more severe bird flu outbreaks that have yet to come. 🍳🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com

International Paper to split into two companies, spinning off its European #packaging business. That follows IP a while ago rebuffing a Suzano offer & then buying DS Smith. www.bloomberg.com/news/article... via @bloomberg.com. reported by @ryangould.bsky.social this AM, now updated w/ more context

Record #coffee prices aren't enough to kick a caffeine habit, but it's enough to shun cafes. There's a growing crowd of home baristas, while others are opting for cheaper, drive-through options. ☕️🔗: www.bloomberg.com/news/article... via @bloomberg.com

Record beef prices are putting America's love of protein to the test — & the verdict is that demand is largely holding up. Shoppers are still buying beef, though there are shifts in where & what they eat (more at home, cheaper cuts). 🥩🔗: www.bloomberg.com/news/article... via @bloomberg.com

Trump asked the Justice Department to start an investigation into the meatpacking industry, accusing them of “driving up the price of Beef through Illicit Collusion, Price Fixing, and Price Manipulation"

Treasury Secretary Scott Bessent said China has agreed to buy 12 million metric tons of soybeans this year.

It's been spooky season for the #cocoa market for a while. Now higher prices are giving non-chocolate treats that were already trendy (think sour gummies) even more room to grab market share this #Halloween. 🎃🔗: www.bloomberg.com/news/article... via @bloomberg.com

President Trump said his administration had struck an agreement to bring down the price of beef for consumers during an event in the Oval Office on Thursday

US homebuilders and retailers warn that higher costs could push housing prices and furniture costs higher as the trade fight over wood products escalates once again. Here’s what to know.

A hike in US duties on Canadian wood was meant to protect prices for American producers. It still hasn't been enough to stop futures prices from plunging to a 7-month low as housing demand falls. 🪵🔗: www.bloomberg.com/news/article... via @bloomberg.com

It's time for pitless cherries - thanks to gene-editing technology. Startup Pairwise and fruit breeder Sun World International will work to bring it to the market in the next decade - @ilenapeng.bsky.social reports in the latest Business of Food newsletter. www.bloomberg.com/news/newslet...

every rural county should be considered up for grabs in the midterms a must read from @ilenapeng.bsky.social (with a gift link!) www.bloomberg.com/news/article...

America's farmers are hurting & worried that politicians aren't getting it. Nine months into President Trump's second term, the near-term optimism that farmers once felt is waning and demand for mental health support services has surged. 🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com

Americans are eating a whole lot of #butter but the US is making even more, sending futures prices dropping down to the lowest since November 2021. 🧈🔗: www.bloomberg.com/news/article... via @bloomberg.com

Your daily #coffee still seems fine but behind the scenes, US roasters have been scrambling since 50% tariffs on Brazilian beans took effect. Shipments from top coffee country have been postponed, while new deals have stalled. ☕🔗: www.bloomberg.com/news/article... via @bloomberg.com

Growers fear that rising coffee prices will hit consumers already struggling with inflation, curbing demand on everything from popular everyday roasts available at grocery stores to luxury Kona beans.

#Cocoa prices, while still high, have cooled from records. But chocolatiers and food companies aren't in the clear yet, as prices surge for the typically cheap powder that lends chocolate and brownies their rich color and taste. 🍫🔗: www.bloomberg.com/news/article... via @bloomberg.com

Pistachios are everywhere! A year and a half in, the viral Dubai Chocolate phenomenon is still going strong. US nut growers need that to continue, especially with a record harvest expected to start later this year. 💚🔗: www.bloomberg.com/news/article... via @bloomberg.com

Demand for the Instagram-friendly nuts have driven up margins for farmers, who are preparing for a bumper crop this fall.

We at @bloomberg.com just launched Business of #Food, a weekly newsletter focused on how the world feeds itself. Sign up here: www.bloomberg.com/account/news... #BusinessofFood

In 2023, some of the world’s largest food companies made a pledge to slash methane emissions. They promised to publish data and action plans by the end of 2024. Here's why Starbucks, General Mills and others are struggling to address the potent emissions in their supply chains.

Soon, your morning glass of OJ will have even less fruit in it as Florida expects its worst orange harvest in nearly a century

Flavors are playing an even bigger role in the #orange juice supply chain, as trees hit by the citrus greening disease yield fewer — and more bitter — fruits. 🍊🔗: www.bloomberg.com/news/article... w/ editing by @silviakillings.bsky.social via @bloomberg.com

The MAHA Commission report is coming soon. ICYMI, my colleagues and I last week unpacked some of the key changes RFK Jr. has previously talked about & how they would shape the US food system. 🎁🔗: www.bloomberg.com/news/feature... w/ @deenashanker.bsky.social & Agnieszka De Sousa via @bloomberg.com

Health secretary RFK Jr. called sugar "poison" in late April, putting the sugar and sweets industries on alert at conferences in NY and Indianapolis last week. 🍭🎁🔗: www.bloomberg.com/news/article... with @kubz.bsky.social via @bloomberg.com

Switching from seed oils to beef fat is a MAHA-approved move, but costs double. Great look from @deenashanker.bsky.social @ilenapeng.bsky.social & Agnieszka De Sousa at how expensive it will be for the food industry to switch to organic foods, natural dyes, & more: www.bloomberg.com/news/feature...

Many of RFK Jr's policies and ideas for food are widely supported in the nutrition community. Some are not. Either way, they would drive up prices. My latest with my colleagues @ilenapeng.bsky.social and Agnieszka De Sousa. www.bloomberg.com/news/feature...

Egg prices hit a new record of $6.227 per dozen in the March Consumer Price Index report that came out today. Here's why & what might come next, especially as Easter approaches. 🍳🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com

☀️My colleagues Josh Saul, @jendlouhy.bsky.social and I took a look at the impacts of Trump tariffs on America's solar industry. Stockpile of panels in America may dull the immediate impacts of high tariff rates hitting countries in Southeast Asia, analysts say. www.bloomberg.com/news/article...

Almost all NOAA Research websites that rely on cloud services - including Amazon, Google and WordPress - are poised to disappear at midnight ET Saturday after a contract was targeted for "early termination." Labs may also feel the effects. Story for @bloomberg.com (free link):

Trump's tariffs on Canadian wood risk upsetting the supply chain for... toilet paper The kind of pulp mainly sourced from Canada is a key ingredient, experts tell me and @mathieudion.bsky.social

Donald Trump wants to make US shipbuilding great again by imposing levies on Chinese vessels. Critics say the move could devastate the US economy, hit global trade and fuel inflation www.bloomberg.com/news/article...

Tariffs Add More Turmoil to Dysfunctional US-Mexico Sugar Trade www.bloomberg.com/news/article... via @bloomberg.com @ilenapeng.bsky.social

Mexico is seen shipping the least sugar to the US since 2008, after droughts fractured a longstanding trade flow. Tariff risks are further shifting the US away from Mexican imports & toward higher-taxed shipments from other countries. 🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com

President Trump asked farmers to bear with him during a speech to Congress yesterday. That's as his tariffs risk more hits to growers already hurting from years of low crop prices & high input costs. 🎁🔗: www.bloomberg.com/news/article... w/ @mhirtz.bsky.social, @kchip.bsky.social via @bloomberg.com

FYI: Tariffs will hit grocery bills HARD The US Has Never Imported So Much Food www.bloomberg.com/news/article...

Claudia Sheinbaum said Mexico will announce countermeasures against US tariffs on Sunday. Follow our coverage here

More on lumber from yesterday with @twseal.bsky.social: The Commerce Dept proposed raising anti-dumping duties on Canadian lumber to 20.07%. That + countervailing duties + Trump's 25% tariffs = ~52% in taxes on imports 🎁🔗: www.bloomberg.com/news/article... via @bloomberg.com