Business reality behind today's beef headlines

The U.S. cattle industry can handle a lot, but the New World screwworm situation has forced hard, practical decisions across the supply chain, especially in Texas feedyard country. Our Clint Peck sits down with Laphe LaRoe, Chairman of the Texas Cattle Feeders Association, to get a clear-eyed look at what’s actually happening as the border reopens to Mexican feeder cattle and why the return to “normal” volumes may be slower than many expect.

We talk through the business reality behind today’s headlines: record fat cattle prices paired with record replacement costs, tripled capital requirements, and the...