Connect with us

Business

iPhone 17 Named World’s Best-Selling Smartphone for Second Straight Quarter Despite Market Slump 2026

Published

on

Xperia 1 VIII

SAN FRANCISCO — Apple’s iPhone 17 was the world’s best-selling smartphone in the second quarter of 2026, extending its lead for a second consecutive quarter even as the broader global smartphone market contracted, according to new data from Counterpoint Research.

The base iPhone 17 captured 6% of all global smartphone unit sales during the April-to-June period, according to Counterpoint’s Global Handset Model Sales Tracker. Apple didn’t just take the top spot — the company swept the entire podium, with the iPhone 17 Pro Max and iPhone 17 Pro finishing second and third, respectively.

A clean sweep for Apple

Apple’s dominance extended well beyond the top three positions. The company secured five of the top 10 spots on Counterpoint’s list, with the iPhone 17e ranking seventh and the iPhone 16 rounding out the list in tenth place. Samsung claimed the remaining five spots in the top 10, led by its Galaxy S26 Ultra, which ranked as the best-selling Android smartphone of the quarter.

Advertisement

Together, Apple and Samsung’s combined share of the top 10 accounted for 26% of all global smartphone unit sales, up two percentage points from a year earlier and marking the highest concentration ever recorded for a June quarter, according to Counterpoint.

Growth against a shrinking market

What makes Apple’s performance particularly notable is the backdrop against which it occurred. The overall global smartphone market declined 11% year-over-year during the quarter, yet Apple’s unit sales still managed to grow.

“Apple’s unit sales grew 5% YoY despite a broader market decline,” Karn Chauhan, senior analyst at Counterpoint Research, said in the firm’s report.

Advertisement

Chauhan pointed to strength in several key regions as a driver of that growth. “iPhone sales increased across India, Japan, and the MEA, and nearly doubled in South Korea in Q2 2026, driven by the iPhone 17 series,” he said, using an abbreviation for the Middle East and Africa region.

Why the base model keeps winning

According to Counterpoint’s analysis, much of the base iPhone 17’s continued success stems from upgrades that narrowed the traditional performance gap between Apple’s standard and Pro model lineups, making the entry-level device a more compelling purchase relative to its pricier siblings. At the same time, strong demand for the premium iPhone 17 Pro and Pro Max models was reinforced by trade-in programs, promotional offers and more accessible financing options that made the higher-end phones easier for consumers to afford.

Counterpoint also noted that rising prices across the broader smartphone industry, driven in part by a global shortage of memory chips, have pushed some consumers toward higher-end devices they might not have previously considered, a trend the firm said has further strengthened Apple’s competitive position. As some of Apple’s closest rivals raised prices to cope with the same component shortage, the relative value proposition of the iPhone 17 lineup became more attractive by comparison, according to 9to5Mac’s reporting on the Counterpoint data.

Advertisement

The iPhone 17e’s role

Beyond the flagship and Pro models, Apple’s budget-friendly iPhone 17e also helped reinforce the company’s broad presence on the sales charts. Analysts noted that the model’s addition of MagSafe wireless charging support and higher base storage at the same price point as its predecessor, combined with carrier promotions, helped it maintain strong appeal in key markets such as the United States and Japan.

A pattern building since launch

Thursday’s report builds on a trend Counterpoint had already flagged earlier this year. The base iPhone 17 was also named the world’s best-selling smartphone in the first quarter of 2026, a result that followed a typical pattern in which non-Pro iPhone models tend to gain sales momentum in the months following their initial launch. What stood out in the second-quarter data, however, was that the iPhone 17 not only maintained its lead but continued gaining ground, defying the usual seasonal patterns that can see interest cool as a device ages within its release cycle.

Advertisement

That continuity marks a shift from the prior year’s cycle. In the second quarter of 2025, it was the iPhone 16 — not a newer model — that topped Counterpoint’s rankings, having taken the lead in the first quarter of that year and extended its dominance through the summer ahead of the iPhone 17’s eventual launch. Apple also swept the podium that quarter, though it did not claim a fourth spot in the top 10, unlike this year’s performance.

Samsung holds its ground in the Android race

While Apple dominated the overall rankings, Samsung notched its own milestone within the Android segment. The Galaxy S26 Ultra’s position as the best-selling Android smartphone of the quarter marked the first time an ultra-premium Android device has led Android sales specifically during a June quarter, according to Counterpoint’s analysis, with the model climbing five spots compared with its predecessor’s performance in the prior year.

A market reshaped by scarcity

Advertisement

Counterpoint tied the historically high concentration of sales among the top 10 models directly to the ongoing global shortage of RAM and memory chips, which has forced smartphone makers across the industry to narrow their focus toward a smaller number of premium and high-volume models rather than spreading resources across a wide range of devices. That dynamic appears to have benefited established players like Apple and Samsung disproportionately, as consumers gravitated toward well-known, well-supported flagship options amid rising costs and constrained supply chains.

What it means going forward

With Apple’s next major iPhone launch already on the horizon and the current generation continuing to outperform a contracting global market, the company heads into the second half of 2026 with clear momentum. Whether that momentum continues once newer models — including a widely rumored foldable iPhone — enter the market later this year remains to be seen, but for now, Counterpoint’s data makes clear that the iPhone 17 series has cemented itself as the dominant force in global smartphone sales for two quarters running.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Deloitte to Pay $21.5 Million to End DOJ Fraud Investigation Over DEI Policies

Published

on

Deloitte to Pay $21.5 Million to End DOJ Fraud Investigation Over DEI Policies

Deloitte has agreed to pay nearly $21.5 million to settle allegations that it defrauded the federal government by continuing to consider diversity when making hiring, promotion and staffing decisions. 

It is the latest settlement stemming from investigations the Trump administration launched last year in a broad effort to root out diversity initiatives at major U.S. companies that contract with the federal government.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Continue Reading

Business

Ichor: Moving Up The Value Curve As Demand Accelerates

Published

on

Ichor: Moving Up The Value Curve As Demand Accelerates

Ichor: Moving Up The Value Curve As Demand Accelerates

Continue Reading

Business

Emerald net profit up 196pc

Published

on

Emerald net profit up 196pc

Although it narrowly fell short of reaching its FY26 annual production guidance, Emerald Resources has benefited from record gold prices.

Continue Reading

Business

Six essential skills employers say job seekers should have to stand out

Published

on

A woman, Tasha Lee Hopkins, sits on a horse pointing to her T-shirt, which reads: I love my horse. She is wearing dark blue jodhpurs, black riding boots and a black riding helmet. Her hair is tied up. She is sat on a dark brown horse that is stood in a field.

Jude Hillary, the economist who led the project for NFER, says these human skills are what will allow people to get into and keep work at a higher skill level, even while automation bites.

“This is where the job growth is going to be in the labour market,” he says. “It’s really important young people come into the labour market being able to compete for these jobs.”

And he believes focusing on these six essential employment skills will help young people adapt in a time of huge change.

“It’s increasingly likely that during the course of your working life, you might have to make some fairly dramatic changes in what you’re doing as your job gets replaced by technology.”

Advertisement

An independent review led by Alan Milburn, a former health secretary, has been looking at the scale of young people not working, learning or training.

The interim report said 42% of employers listed a lack of soft skills or work readiness as a challenge when hiring young people. Only 10% cited the resilience of young people which was the next biggest concern.

There is increasing pressure for schools, colleges and universities to focus on giving young people what they need to be work-ready alongside academic learning.

Already, Prime Minister Andy Burnham has signalled that more teenagers should start technical education at 14 and has supported a work experience scheme for 10,000 young people announced this week by the retail chain Sainsbury’s.

Advertisement

In September, the final report of the Milburn review is expected to set out its proposals on how to get more young adults into secure work.

Additional reporting by Hannah Karpel.

Continue Reading

Business

At Close of Business Podcast August 27 2026

Published

on

At Close of Business Podcast August 27 2026

Isabel Vieira and Sam Jones discuss a spate of lithium mine restarts and expansions.

Continue Reading

Business

Dolly Parton Wanted to Host Kate Middleton, Prince William and Their Kids at Dollywood Before Her Death

Published

on

Dolly Parton

NASHVILLE, Tenn. — In the years before her death, Dolly Parton spoke repeatedly and warmly about her hope to one day host Catherine, Princess of Wales, Prince William and their three children at Dollywood, the theme park she built in the Tennessee mountains she called home.

The country music icon, who died at 80, had a long and affectionate relationship with the British royal family that stretched back decades, including a personal meeting with the late Queen Elizabeth II. That connection was reflected in the royal family’s own tribute following her death, and in Parton’s repeated public wishes to bring the younger generation of royals to her home turf.

A near-miss with Kate

Parton’s most direct brush with an invitation from the Princess of Wales came in August 2023, during a promotional tour for a new album in the United Kingdom. Appearing on BBC Radio 2, Parton revealed she had turned down a chance to meet Catherine during that trip. “This time, Lordy, I even got invited to have tea with Kate,” Parton said, according to People. She explained that her tightly packed promotional schedule made the visit impossible, joking that the meeting likely wouldn’t have done much for album sales anyway.

Advertisement

Dreaming of a royal visit to Dollywood

The following year, Parton made clear the door was still open — and that she hoped to be the one extending the invitation next time. Speaking to Closer in November 2024, she said she would welcome the chance to host Catherine, William and their children, Prince George, Princess Charlotte and Prince Louis, at her Tennessee theme park. “I would absolutely love for them to come to Dollywood, that would be fantastic!” Parton told the outlet.

Parton envisioned treating the young royals to the full theme park experience, imagining George, Charlotte and Louis let loose on the rides during their visit. She also floated the idea of cooking for the family herself, offering a homemade touch rather than royal formality, telling the outlet she’d serve Kate her mashed potatoes without putting on any airs.

Beyond hospitality, Parton believed she and Catherine could bond over shared charitable interests focused on children. Speaking to Saga Exceptional in December 2023, in comments later reported by SheKnows, Parton suggested that common ground could be the centerpiece of any future meeting between the two. “So maybe that’s what we can talk about when we do have tea,” she said, pointing to the kind of causes she hoped they might discuss together, including her own literacy work.

Advertisement

The royal family’s tribute

Following news of Parton’s death, the royal family paid public tribute to the singer in a way that reflected the affection she had shown toward them for years. The day after she died, the Band of the Coldstream Guards performed Parton’s hit “9 to 5” outside Buckingham Palace, with the royal family sharing footage of the performance on its official account on X.

Alongside the video, the royal family wrote a tribute honoring Parton’s cultural impact and philanthropic legacy. “Remembering the late, great Dolly, who brought joy, comfort and inspiration to so many,” the post read, going on to credit the millions of children who received free books through her Imagination Library literacy program. The tribute closed with a nod to one of Parton’s most famous songs, telling her the family would always love her.

A friendship that began with the Queen

Advertisement

Parton’s ties to the royal family long predated her relationship with Catherine and William. She met Queen Elizabeth II in 1977, when she was invited to perform at the monarch’s Silver Jubilee celebrations — an experience Parton continued to reflect on for the rest of her life.

When the Queen died in September 2022, Parton paid her own tribute, sharing a photo from their 1977 meeting on Instagram. “She carried herself with grace and strength her entire life,” Parton wrote at the time.

A year later, in February 2023, Parton opened up further about the encounter in an interview with Insider, recalling her nervousness ahead of meeting the monarch as a performer from rural Tennessee unfamiliar with royal protocol. Despite her worry that she wouldn’t know how to properly curtsy, Parton said the Queen quickly put her at ease, describing her as “she was just very warm, very sweet.”

A cross-cultural bond that endured

Advertisement

The relationship between Parton and the British royal family stood out as an unlikely but enduring connection between two very different worlds — the rhinestone glamour of Nashville and the formal traditions of Buckingham Palace. Parton, who built an empire around approachability and down-home warmth, repeatedly framed her royal encounters and aspirations in the same terms she used for meeting any fan: with mashed potatoes, amusement park rides and genuine curiosity rather than pretense.

That approach appears to have resonated on the other side as well. The royal family’s tribute following her death singled out not just her music, but her charitable legacy, particularly her Imagination Library program, which has provided free books to children around the world, including in the United Kingdom.

While the meeting Parton hoped for with Catherine, William and their children never came to pass during her lifetime, her public wishes for that visit — and the warmth of the royal family’s response to her death — leave behind a portrait of a friendship that crossed continents and social worlds, built on music, charity and, by Parton’s own account, a shared fondness for family and children.

Advertisement
Continue Reading

Business

Rockstar Games Set to Release GTA 6 Previews Right After Its Netflix Extended Look Special Airs Today

Published

on

GTA VI

NEW YORK — Rockstar Games is preparing to give fans their most detailed look yet at “Grand Theft Auto VI,” airing an extended preview special on Netflix on Thursday and setting the stage for a wave of press and creator previews expected to follow immediately after the broadcast.

The special, titled “Grand Theft Auto 6: An Extended Look,” is scheduled to premiere on Netflix at 12 p.m. Pacific time, 3 p.m. Eastern, 8 p.m. British time and 9 p.m. Central European time on Thursday. Viewers who miss the Netflix premiere will have another chance to watch for free roughly six hours later, when the special is set to air on Rockstar Games’ YouTube channel at 6 p.m. Pacific and 9 p.m. Eastern in the United States, landing in the early morning hours of Friday for audiences in Europe.

What’s coming after the broadcast

While the Netflix special itself is the headline event, Rockstar has confirmed that additional previews from gaming press outlets and content creators will follow shortly after it airs. According to content creator TGG, who posts under the handle TGGonYT, select creators and outlets were invited to Rockstar North’s studio in Edinburgh, Scotland, last month, where they were given exclusive information about the game ahead of Thursday’s broadcast.

Advertisement

“Last month I was invited to Rockstar North in Edinburgh. While there, I learned exclusive information about GTA 6. As soon as the Extended Look is out, I’m telling you everything. Tomorrow,” TGG wrote in comments shared publicly ahead of the event.

It remains unclear exactly what those previews will cover, or whether any of the invited creators or journalists were given the opportunity to actually play the game during their visit. One outlet, MP1st, reported receiving word of a media preview event held for “GTA VI” but said attendees “weren’t given free access to mess around with the open world,” adding that, based on what they were told, “they weren’t even able to get their hands on the game at all.” No precise runtime has been confirmed for Thursday’s Netflix special, though it is expected to run between 20 and 30 minutes.

A response to mounting leaks

The timing of Thursday’s reveal comes as Rockstar has been contending with a fresh wave of leaked gameplay footage in the lead-up to the broadcast, following an earlier and much larger leak in 2022 that exposed unfinished development footage from the game. More recently, a leaker using the name CYBERLEEK has been circulating a range of gameplay clips online, adding pressure on Rockstar to reclaim control of the narrative around the game’s presentation.

Advertisement

Rockstar has previously addressed the leaks directly, describing the exposure of unfinished footage as heartbreaking for its development team, while confirming that the official Extended Look special would give fans a proper, studio-sanctioned presentation of the game.

Where the game stands

“Grand Theft Auto VI” has had a long and closely watched road to release. The game is currently scheduled to launch Nov. 19, 2026, for PlayStation 5 and Xbox Series X and S, following two previous delays that pushed the title back from its originally targeted 2025 release window, then again from a planned May 2026 launch. In each case, Rockstar cited the need for additional time to deliver the game with the level of polish it says players expect.

“We are sorry for adding additional time to what we realize has been a long wait, but these extra months will allow us to finish the game with the level of polish you have come to expect and deserve,” Rockstar Games said in a statement accompanying one of the delays.

Advertisement

A PC version of the game is widely anticipated but has not been officially confirmed by Rockstar, and no launch date for that platform has been finalized.

Pricing and preorders already set

Rockstar and parent company Take-Two Interactive have already confirmed key details about the game’s release. The standard edition of “Grand Theft Auto VI” will cost $79.99, while a deluxe “Ultimate Edition” featuring an exclusive collection of premium vehicles, weapons, apparel and additional plotlines will retail for $99.99. Preorders opened June 25 through digital storefronts including the PlayStation Store and Xbox Store, as well as select retailers, though Rockstar has not detailed specific bonus content or pricing tiers tied to different preorder packages.

The game returns to the fictional state of Leonida and features a return to Vice City, the fictional metropolis first introduced in 2002’s “Grand Theft Auto: Vice City.” Players will follow criminal couple Jason Duval and Lucia Caminos, with Caminos marking the first female protagonist in a mainline “Grand Theft Auto” title.

Advertisement

Why this matters for the franchise

Anticipation for the release has built for years, driven in part by the unusually long gap since the franchise’s previous mainline entry, “Grand Theft Auto V,” which launched in September 2013. The 13-year gap between releases stands as the longest in the series’ history. “Grand Theft Auto V” has gone on to become one of the best-selling video games ever made, with Take-Two Interactive reporting the title had sold roughly 220 million units as of 2025.

What to watch for Thursday

With the Netflix special set to air within hours and a slate of previews expected to follow, Thursday is shaping up to be one of the most significant days yet in the lead-up to “Grand Theft Auto VI’s” November launch. Fans and industry watchers alike will be looking for confirmation of new gameplay details, story elements and technical features that could finally move the conversation beyond leaked footage and speculation toward an official, studio-controlled look at one of the most anticipated video games in years.

Advertisement
Continue Reading

Business

AI Assistant Startup Instinct Rockets to $2.5 Billion Valuation in Weeks Amid Investor Feeding Frenzy

Published

on

AI Assistant Startup Instinct Rockets to $2.5 Billion Valuation in

SAN FRANCISCO — Instinct, a viral AI assistant startup founded just last year, has raised $350 million in total funding after closing a new round that values the company at $2.5 billion, capping off one of the fastest valuation climbs seen in this year’s artificial intelligence funding boom.

The company told The Wall Street Journal on Wednesday that it had raised $250 million in a recent Series B round, co-led by venture capital firms Index Ventures and Benchmark. Combined with earlier funding, the new round brings Instinct’s total capital raised to $350 million, according to the Journal’s reporting.

From $100 million to $2.5 billion in weeks

The speed of Instinct’s ascent has stunned even seasoned Silicon Valley investors. According to Forbes, the startup’s valuation ballooned from roughly $100 million to more than $2.5 billion in a matter of weeks, fueled by what one report described as a VC feeding frenzy.

Advertisement

Instinct’s rise traces back to earlier this month, when Kleiner Perkins investor Mamoon Hamid led a $75 million Series A round that valued the company at more than $500 million. From there, the valuation kept climbing rapidly, with Benchmark and Index Ventures ultimately stepping in to lead the latest round at the $2.5 billion mark, according to sources familiar with the deal cited by Forbes.

Who’s behind Instinct

Instinct is operated by a company called Spear Street Technology, which California corporate filings show was registered in April by Noah Shinn, a former researcher at AI customer-service startup Sierra. The product itself functions as an AI agent designed to help users manage day-to-day tasks — connecting to a person’s apps and devices and allowing them to communicate with it through text messages and phone calls.

The startup describes Instinct as capable of efficiently organizing a user’s life, handling tasks such as booking flights, making restaurant reservations, managing email follow-ups and even helping with customer relationship management work. Shinn celebrated the momentum in a tweet Wednesday, writing, “I’m thrilled with everything our early users are doing with Instinct,” according to TechCrunch.

Advertisement

Riding a broader wave of AI agent hype

Instinct’s rapid rise didn’t happen in a vacuum. The startup emerged in the wake of OpenClaw, an open-source, lobster-themed project that helped popularize the idea of using AI agents to manage everyday personal tasks, according to Bloomberg’s reporting carried by Forbes. Instinct has positioned itself as a more polished, consumer-friendly evolution of that trend, and early users have compared it favorably to a crowded field of competing agents.

Jesse Middleton, an investor who tested several competing products, wrote on social media that he had “tried Hermes, OpenClaw, Tasklet, GrokBot but Instinct takes the cake,” a comment cited by TechCrunch as evidence of the enthusiasm building around the product in its earliest weeks of availability.

Not everyone is impressed

Advertisement

Instinct’s meteoric rise has come with growing scrutiny, particularly around privacy, security and the reliability of an AI agent being given broad access to users’ accounts and personal information. Not every early user’s experience has matched the glowing reviews. Jason Yeh, of Patron Fund, described on social media how the assistant went off script when he asked it to find open dinner reservations, ultimately booking a table tied to a steep cancellation fee. “Honestly kind of insane how anyone would give them keys to their accounts at large,” Yeh wrote, in comments reported by Forbes, adding that he expected the company to cover the resulting $200 fee.

TechCrunch has separately reported that Instinct’s rapid growth has raised broader concerns among some in the industry about the privacy and security implications of handing an AI assistant deep access to personal accounts, email and financial tools — concerns that have so far gone largely unaddressed publicly by the company. Requests for comment sent to Instinct’s general email address and directly to Shinn were not returned, according to TechCrunch’s reporting.

A symbol of the broader AI funding boom

Instinct’s valuation surge is emblematic of a broader pattern playing out across the AI startup landscape this year, where young companies with viral consumer products have attracted enormous investor interest and correspondingly aggressive valuations, sometimes within weeks of launch.

Advertisement

Social media posts comparing Instinct to project-management software company Linear, which recently crossed $100 million in annual recurring revenue with 177% net revenue retention, noted that both companies now sit at roughly the same $2.5 billion valuation — despite vastly different stages of business maturity, according to posts on Digg. Reaction to that comparison was mixed, with some technology figures dismissing the comparable Instinct valuation as inflated hype, while others praised the durability and growth metrics behind Linear’s more established business.

Part of a broader AI investment surge

Instinct is far from the only AI startup drawing outsized valuations this year. TechCrunch has separately reported on companies like General Intuition, a New York-based startup building AI models for robotics applications, which was in talks for a $6 billion valuation just weeks after raising $320 million at a $2.3 billion valuation. That pattern of rapid, successive funding rounds at sharply rising valuations has become increasingly common across the AI sector in 2026, as investors race to back companies they believe could define the next generation of consumer and enterprise AI tools.

With $350 million now in the bank and a $2.5 billion valuation attached to a company still less than a year and a half old, Instinct faces the challenge of translating early viral enthusiasm into a durable, trusted product — particularly as questions about data privacy, security and agent reliability continue to surface among its earliest users. Neither Instinct nor its lead investors have detailed how the newly raised capital will be deployed, though the scale of the round suggests the startup is positioning itself for rapid expansion as competition among AI personal-assistant products continues to intensify.

Advertisement
Continue Reading

Business

American ranchers facing cattle shortage as Trump vows to lower beef prices

Published

on

American ranchers facing cattle shortage as Trump vows to lower beef prices

WILLIAMSPORT, Tenn. – American ranchers are facing the smallest cattle herd in 75 years as the Trump administration rolls out a plan to lower beef prices and rebuild the herd. 

President Donald Trump on Friday revealed his plan to waive higher tariffs on beef imports for 90 days. The plan would allow 300,000 metric tons of foreign beef to be sold 25% below the current market value. A pound of USDA Choice beef cost an average of $10.49 in August.

Advertisement

“This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again,” Trump posted to Truth Social.

According to the USDA, the United States entered 2026 with 86.2 million cattle and calves, which is the smallest cattle herd since the 1950s. That’s down from about 94.7 million since 2019.

TRUMP’S FOREIGN BEEF PUSH TO CUT GROCERY COSTS SPARKS GOP REVOLT FROM RANCHING COUNTRY

USDA Cattle Shortage

The USDA reported the United States entered 2026 with 86.2 million cattle and calves, which is the smallest cattle herd since the 1950’s.  (FOX / Fox News)

The National Cattlemen’s Beef Association’s CEO, Colin Woodall, came out against Trump’s announcement, saying he was “disappointed” in the plan. 

Advertisement

“While America’s cattle producers share the goal of keeping groceries affordable for consumers, flooding the market with government-subsidized, below-market beef is not the way to rebuild the American cattle herd,” Woodall said in a statement.

American Farm Bureau Federation President Zippy Duvall warned Trump’s plan would translate to a 60% increase in imports over the next 90 days. 

“We appreciate the president’s goal of reducing grocery costs, but short-term measures could have long-term negative effects for consumers and for ranchers who are making decisions on whether to retain or expand their herd. Growing dependence on foreign-grown food could ultimately lead to even higher grocery costs and reliance on other nations for our food security. We urge the president to strongly reconsider his plan,” Duvall said in a statement. 

Beef cow on Tennessee racnh

American ranchers say they are facing a long list of issues that are driving the cattle shortage.  (FOX / Fox News)

Meanwhile, American ranchers say they are already facing a long list of issues driving the cattle shortage. Travis Maddock, a rancher in North Dakota, said drought is the biggest issue for ranchers in the Midwest. 

Advertisement

“There’s an appetite for expansion, but we are in a drought,” Maddock said. “Some of my fellow producers that I’ve spoken with, they’re going to hold off a year.”

TRUMP ALLOWS 300,000 METRIC TONS OF TARIFF-FREE BEEF IMPORTS IN BID TO CUT PRICES, DRAWING RANCHER BACKLASH

Ranchers in the Southeast are facing very different issues. 

Trevor Pennington, a rancher in Williamsport, Tennessee, said the region has gotten too much rain. 

Advertisement

“Most people think rain is great for a farmer or a rancher, and typically it is, but there can be too much. It keeps us out of the fields from cutting hay,” Penington said. “Then the animals don’t get the vitamins and nutrients that they need out of the grass.”

Tennessee ranch hay

A rancher in Middle Tennessee says the region has gotten too much rain, preventing them from cutting the fields for hay.  (FOX News / Fox News)

In Middle Tennessee, Pennington said the agricultural industry is battling fast urban development. Many farmers and ranchers end up selling their land to make a profit. 

“The next generation doesn’t want to take on that workload,” Pennington said. “At the end of the day, if a farmer wants to leave something to his family, the best case for him is probably to sell his land and leave the money to his family.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Advertisement

Pennington said it takes about two years to produce a cow for slaughter to become beef, explaining that rebuilding America’s cattle herd could easily take a decade.

Continue Reading

Business

Titan, Infosys among 10 stocks with highest HNI holdings in Q1; check full list

Published

on

The Economic Times

High net worth investors continue to hold substantial positions across some of India’s leading listed companies.

Continue Reading

Trending

Copyright © 2025