15 November 2023
US cattle numbers are expected to keep declining through 2025-2026, maintaining high beef prices due to reduced breeding amid drought and high feed costs. This trend is impacting meatpackers like Tyson Foods Inc. and JBS SA, leading to soaring supermarket prices and a significant drop in beef exports. As beef becomes increasingly unaffordable, Tyson Foods plans to open an insect processing plant in 2025.