Tyson, JBS Shares Surge as US Resumes Mexico Cattle Imports
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Shares of meatpackers Tyson Foods Inc. and JBS NV surged after the US said it would resume cattle shipments from Mexico, easing a domestic shortage that has led to higher costs for their animals.
The decision to lift the ban on cattle imports from Mexico comes as the US addresses supply chain issues affecting the meat industry, providing relief to companies facing increased operational costs.
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“Shares of meatpackers Tyson Foods Inc. and JBS NV surged after the US said it would resume cattle shipments from Mexico, easing a domestic shortage that has led to higher costs for their animals.”
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