Beef Shortage Bites: Why the Border Reopening Won't Be a Panacea The reopening of the Mexican border for cattle trade, set to begin August 24th, has been touted as a solution to the US beef shortage.
However, this is not the silver bullet it seems. At its core, this issue stems from supply chain woes. The US cattle herd is at its lowest level in 75 years, driving consumer beef prices to record highs.
In Tyson Foods' fiscal third quarter, beef volume dropped 15. 9% while prices rose 12. 1%. This decline is not just a result of numbers; it's a symptom of broader issues within the industry.