Grains ended mostly higher on renewed technical buying, while cattle closed with limit down moves in feeder cattle in reaction to President Trump's social media comments about beef.

Dr. Evan Whitley said the industry saw this situation coming three years ago. High prices on the cow and bull side have limited the ability to produce cattle. In the past, consumers didn’t see immediate effects because beef is often stocked up and stored in freezers.

MCGREGOR, Texas (KWTX) - President Trump’s recent comments about importing beef from Argentina to lower grocery store prices are raising concerns among Central Texas cattle ranchers. With cattle supply down, Trump said his administration is looking at importing beef from Argentina to bring prices at the grocery store down.

Cattle ranchers and industry experts are criticizing a Trump administration plan to import beef from Argentina to lower prices for American consumers.

National Cattlemen’s Beef Association CEO Colin Woodall said Trump’s idea to buy Argentine beef “only creates chaos at a critical time of the year.”