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

US meatpackers Tyson Foods and JBS saw their stock prices surge following the announcement that the United States would resume cattle imports from Mexico after a screwworm-related ban. This reopening of cattle shipments is expected to alleviate domestic livestock shortages and help reduce the elevated costs that meatpackers have been facing for their raw materials.