A cattle shortage in the US could get some relief with the reopening of the Mexican border, but Tyson Foods CEO Donnie King said it won't make up the losses entirely this year, as a long list of factors weighs on beef supply. In Tyson Foods' fiscal third quarter, beef volume dropped 15.9% while prices rose 12.1%. Due to timing, the border reopening won't have a material impact on the remainder of this fiscal year, which ends in September, though it could provide the potential for improvement in 2027 and after. For the beef segment, Tyson expects an operating income loss of $500 million to $650 million. It's not just Tyson Foods feeling the pinch of a tighter cattle supply — many restaurant chains are feeling it too.