Tyson Foods CEO Donnie King said the reopening of the Mexican border to cattle imports will not fully close the US beef supply gap this year. The USDA will reopen the Douglas, Arizona port of entry on August 24, followed by two New Mexico ports that together handle more than half of imports, after suspending them in November 2024 and again in mid-2025 over New World screwworm concerns. The US cattle herd is at a 75-year low, and in Tyson's fiscal third quarter beef volume fell 15.9% while prices rose 12.1%. King told investors the border reopening will not solve the entire gap, and COO Wes Morris said it could take up to a year for a positive impact to materialize, with no material effect on the current fiscal year ending in September. Tyson lowered its 2026 adjusted operating income outlook to between $2.1 billion and $2.3 billion, down from a prior range of $2.2 billion to $2.4 billion, and expects a beef segment operating loss of $500 million to $650 million.
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Texas Roadhouse IncTyson Foods IncCEO says border reopening won't fully solve beef shortage; company lowers FY2026 outlook and expects beef segment operating loss.