(Adds closing prices in paragraphs 9-11) By Tom Polansek CHICAGO, Oct 27 (Reuters) – U.S. cattle futures tumbled by expanded daily limits on Monday, extending a steep slide after President Donald Trump complained last week that prices were too high. Traders said they increasingly expected that Trump's administration will encourage more beef imports in a bid to offset tight U.S. supplies and bring down record prices for consumers. U.S. beef prices soared this year as output declined and consumer demand remained strong. Production suffered after a years-long drought in the western U.S. burned up pasture lands used for grazing cattle and raised feeding costs, forcing ranchers to reduce their herds to the lowest levels in decades. "This market is pricing in the idea that all of the 2026 U.S. b

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