BMO Says Return Of Mexican Cattle Is "Clear Positive" For Two Beaten-Down Meatpackers

BMO Says Return Of Mexican Cattle Is "Clear Positive" For Two Beaten-Down Meatpackers Following the USDA's announcement that it will begin lifting the year-long ban on Mexican live cattle imports on Aug. 24, BMO Capital Markets senior equity research analyst Andrew Strelzik called the decision a "key positive" for publicly traded meatpackers Tyson Foods and JBS. The restrictions were imposed to combat the New World screwworm, a flesh-eating parasite that threatens livestock. Res...

By Tyler Durden