US President Trump's administration reportedly plans to pay smaller meatpackers to keep slaughtering cattle, reports WSJ

The Trump administration is prepping a financial lifeline for smaller meatpackers struggling with dwindling cattle supplies, which have sent beef prices surging. The US Agriculture Department plans to pledge up to USD 500mln in payments for small- and medium-size meatpacking companies, according to people close to the discussions. The funds would be distributed to beef plants that keep their processing volumes at a certain level.