Economists don't expect reopening the US to Mexican cattle imports to reduce high beef prices

The Trump administration has reopened an Arizona border crossing for Mexican cattle imports to combat near-record-high beef prices. However, economists express doubt that this specific measure will significantly lower costs for consumers. This challenge persists as the USDA reports that the U.S. cattle herd reached 86.2 million head on January 1, marking the lowest population level in 75 years. The move aims to stabilize the market despite the severe decline in domestic livestock numbers.