Why are beef prices so high? Blame tariffs, drought and a disgusting parasite [Los Angeles Times (CA)]
Tyson Foods, Inc. (TSN)
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Source: Los Angeles Times
It has become routine practice to turn to Trump administration spokespersons to learn how Democrats and illegal immigrants are the source of all our problems. The high price of beef? Check. Here, for example, is Treasury Secretary Scott Bessent explaining for Fox News on Sunday why beef prices have been soaring: “This is the perfect storm,” he said, “something we inherited.” (That's the blaming the Democrats part.) “Also,” he continued, “because of the mass immigration, a disease we'd been rid off in North America made its way up through South America as these migrants, they brought some of their cattle with them. So part of the problem is we've had to shut the border to Mexican beef.” As is sometimes the case with Bessent, there's a tiny nugget of truth in his words, surrounded by a bodyguard of misrepresentation. The truth nugget is that the U.S. Department of Agriculture shut the border to Mexican cattle in March, in order to block the spread to the U.S. of the New World
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TSN
Earnings
- 11/10/25 - Beat
TSN
Sec Filings
- 12/1/25 - Form 4
- 11/26/25 - Form 4
- 11/26/25 - Form 4
- TSN's page on the SEC website