Farmers, ranchers, and cattle producers are opposing President Trump's plan to buy more

beef from Argentina, which he says could help offset the soaring prices of meat in the U.S.

Beef and veal prices have jumped nearly 14 percent over the past year.

But many cattle ranchers and farmers groups are concerned this move will come at their loss.

It's the latest in the series of deals the president is working on with Argentina to combat

that country's deepening economic crisis.

The president defended his plan while speaking to reporters over the weekend.

What do you have to say to U.S. farmers who feel that the deal is benefiting Argentina

more than it is them as they are talking about it. Argentina is fighting for its life, young lady. You don't know anything about it. They're fighting for their life. Nothing is benefiting Argentina. They're fighting for their life. You understand what that means? They have no money. They have no anything. And we're joined now by Buck Warbine, president of the National Cattlemen's Beef Association.

Thanks for being with us, sir.

Thank you, Jeff.

So help us understand your opposition.

Why are your members so strongly against expanding Argentine beef imports right now?

From the outside, ranchers appear to be doing better with higher beef prices.

So what's the core concern?

The core concern is that

it's a misguided attempt to lower prices to the consumer. And what the rhetoric and ideas and so

forth that the president has put forth has big negative impacts on our markets, like our futures

market, and that is instantaneous.

And yet the lag time from our cattle markets to the price in the grocery store is long.

I mean, that's years in the making.

And so this is going to negatively impact producers while doing almost nothing for consumers.

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