Trump's beef tariff pause is rattling ranchers as U.S. midterms near
Published . Updated .
Cattle auction prices fell after the August order, and groups including the National Cattlemen's Beef Association opposed it
Directly affected
- No company is named in this report.
Indirectly affected
- DBA Invesco DB Agriculture Fund-3.8% 30d
Invesco DB Agriculture Fund: it holds farm and agribusiness assets. Linked by “beef” (meat and livestock) in this story.
- MOO VanEck Agribusiness ETF-5.3% 30d
VanEck Agribusiness ETF: it holds farm and agribusiness assets. Linked by “beef” (meat and livestock) in this story.
- XLI Industrial Select Sector SPDR-3.1% 30d
Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.
- TSN Tyson Foods+7.4% 30d
Tyson Foods (poultry slaughtering and processing): meat, farm and animal-health firms move with cattle prices and meat trade rules. Linked by “beef” (meat and livestock) in this story.
- DE Deere-5.1% 30d
Deere (farm machinery and equipment): meat, farm and animal-health firms move with cattle prices and meat trade rules. Linked by “beef” (meat and livestock) in this story.
- ZTS Zoetis+9.9% 14d
Zoetis (pharmaceutical preparations): meat, farm and animal-health firms move with cattle prices and meat trade rules. Linked by “beef” (meat and livestock) in this story.
- CAT Caterpillar-12.3% 30d
Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
- WMT Walmart+9.9% 30d
Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DBANo price data for this ticker | — | — | — | — | — | — | — |
| MOONo price data for this ticker | — | — | — | — | — | — | — |
| XLINo price data for this ticker | — | — | — | — | — | — | — |
| TSNNo price data for this ticker | — | — | — | — | — | — | — |
| DENo price data for this ticker | — | — | — | — | — | — | — |
| ZTSNo price data for this ticker | — | — | — | — | — | — | — |
| CATNo price data for this ticker | — | — | — | — | — | — | — |
| WMTNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Trump's beef tariff pause is rattling ranchers as U.S. midterms near Quartz
Source: Quartz
Trades by members of Congress and officials in the stocks in this story
- Donald J Trump, an executive branch official, bought Tyson Foods (TSN), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Gilbert Cisneros bought Zoetis (ZTS), worth $1,001 - $15,000 on 18 Sep 2026. That is 38 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Zoetis (ZTS) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 52 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Zoetis (ZTS), worth $15,001 - $50,000 on 28 Aug 2026. That is 59 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Lisa McClain bought Caterpillar (CAT) (held by a spouse), worth $1,001 - $15,000 on 28 Sep 2026. That is 28 days before publication. Filed 12 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Caterpillar (CAT), worth $50,001 - $100,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 28 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 31 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna sold Walmart (WMT) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Db Agriculture Fund (DBA)
Companies tied to this story
- DBA Invesco Db Agriculture Fund
For “Trump's beef tariff pause is rattling ranchers as U.S. midterms near,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it holds farm and agribusiness assets. Linked by “beef” (meat and livestock) in this story
- MOO Vaneck Etf Trust
Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Trump's beef tariff pause is rattling ranchers as U.S. midterms near.” Reason on file: VanEck Agribusiness ETF: it holds farm and agribusiness assets. Linked by “beef” (meat and livestock) in this story
- XLI Select Sector Spdr Tr
Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Trump's beef tariff pause is rattling ranchers as U.S. midterms near.” Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story
- TSN Tyson Foods
In “Trump's beef tariff pause is rattling ranchers as U.S. midterms near,” Tyson Foods (TSN) is linked, with no stored direction, medium confidence. Reason on file: Tyson Foods (poultry slaughtering and processing): meat, farm and animal-health firms move with cattle prices and meat trade rules. Linked by “beef” (meat and livestock) in this story
- DE Deere
Deere (DE) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Trump's beef tariff pause is rattling ranchers as U.S. midterms near.” Reason on file: Deere (farm machinery and equipment): meat, farm and animal-health firms move with cattle prices and meat trade rules. Linked by “beef” (meat and livestock) in this story
- ZTS Zoetis
For “Trump's beef tariff pause is rattling ranchers as U.S. midterms near,” Zoetis (ZTS) is linked, with no stored direction, medium confidence. Reason on file: Zoetis (pharmaceutical preparations): meat, farm and animal-health firms move with cattle prices and meat trade rules. Linked by “beef” (meat and livestock) in this story
- CAT Caterpillar
Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 26 Oct 2026 story “Trump's beef tariff pause is rattling ranchers as U.S. midterms near.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
- WMT Walmart
For “Trump's beef tariff pause is rattling ranchers as U.S. midterms near,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story
Invesco Db Agriculture Fund (DBA)
“Trump's beef tariff pause is rattling ranchers as U.S. midterms near” (26 Oct 2026) reaches Invesco Db Agriculture Fund (DBA) through this story.
The link for Invesco Db Agriculture Fund (DBA) is this: Invesco DB Agriculture Fund: it holds farm and agribusiness assets. Linked by “beef” (meat and livestock) in this story
Also listed, Vaneck Etf Trust (MOO): VanEck Agribusiness ETF: it holds farm and agribusiness assets. Linked by “beef” (meat and livestock) in this story
The price range for Invesco Db Agriculture Fund (DBA), and the dates in the story
DBA traded between 27.85 and 28.86 across 20 sessions. The latest close on file is 27.87. MOO traded between 80.33 and 83.31 across 20 sessions. The latest close on file is 81.74. XLI traded between 163.00 and 172.33 across 20 sessions. The latest close on file is 164.61.
A simple score for Invesco Db Agriculture Fund (DBA)
46 out of 100
“Trump's beef tariff pause is rattling ranchers as U.S. midterms near” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.