1 Day
Source:
The Fiscal Times
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US Mexico cattle border reopening unlikely to lower beef prices
The U.S. has reopened a border crossing in Arizona to cattle from Mexico as part of a phased effort to address high beef prices and mitigate the impact of the repelling of the New World screwworm. The move follows the USDA’s assessment that the risk of spread has decreased, allowing cattle imports to resume after a closure initiated due to parasite concerns. Despite the reopening, experts say it will take months for Mexican cattle imports to return to traditional levels, and the impact on U.S. beef prices is expected to be limited due to the smaller national herd and industry efficiencies.
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