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flag A U.S. cattle shortage from a Mexican import ban has slashed feedlot numbers, raising beef prices and threatening meatpackers.

flag U.S. beef markets are in turmoil due to a historic cattle herd decline and a ban on Mexican cattle imports since July 2024 over a screwworm outbreak, causing feedlot placements to hit record lows and prompting major meatpacker closures. flag While beef imports are rising 15%, they only cover 17% of supply and are mainly for ground beef. flag Experts say reopening the border is critical for steak prices, but herd recovery will take years. flag Despite USDA efforts to control the pest, industry leaders warn the ban’s lifting alone won’t fix long-term supply issues.

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