Beef Prices Remain Elevated as US Cattle Herd Hits Five-Decade Low

Source Summary

Tyson Foods is reducing beef-processing capacity as the US cattle herd approaches a five-decade low, driving up livestock costs and contributing to persistent losses in the beef business. Consumers are resisting record prices, but meaningful price relief may take years as the herd rebuilds. A planned resumption of some cattle imports from Mexico could provide limited near-term relief.