24 Hrs
Source:
Los Angeles Times
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Mexican cattle imports unlikely to lower beef prices
The U.S. is reopening a cattle border crossing in Arizona to Mexican imports due to reduced concerns about the spread of the New World screwworm, aiming to address the ongoing beef supply shortage. Despite the phased reopening, experts believe it will take months for Mexican cattle to significantly impact U.S. supply, which remains constrained by the smallest herd in decades caused by drought and low prices. Beef prices have risen sharply over the past five years, with substantial increases in ground beef and steak costs, but the impact of increased imports is expected to be limited in the short term.
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