Tyson, JBS Shares Surge as US Reopens Mexico Cattle Imports After Screwworm Ban

The United States is reopening its border to Mexican cattle imports, starting at the Douglas crossing in Arizona. This decision follows a shutdown lasting over a year due to a screwworm ban. Consequently, shares of meatpackers Tyson Foods Inc. and JBS NV surged. The resumption of these shipments is expected to alleviate a domestic shortage that previously increased animal costs for these companies, providing significant relief to the meat processing industry.