Business & Finance
Tyson, JBS Shares Surge as US Reopens Mexico Cattle Imports After Screwworm Ban
Key Points
Tyson and JBS Shares Jump as US to Resume Mexico Cattle Shipments 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 US Department of Agriculture said late Friday that it would start a phased reopening of cattle imports from Mexico, starting with an Arizona port of entry beginning Aug. 24. Shares in JBS jumped as much as 7.7%, the most in four...
Tyson and JBS Shares Jump as US to Resume Mexico Cattle Shipments
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 US Department of Agriculture said late Friday that it would start a phased reopening of cattle imports from Mexico, starting with an Arizona port of entry beginning Aug. 24. Shares in JBS jumped as much as 7.7%, the most in four months, while Tyson gained 6.9%.