
USDA Secretary Brooke Rollins and Texas Governor Greg Abbott announced that the USDA will build a domestic sterile fly production facility in Edinburg, Texas, on top of $20 million for renovating a fly facility in southern Mexico. The new world screwworm has been reported less than 400 miles south of the Rio Grande Valley in Mexico.
Local ranchers say cattle prices are already high, with a 500-pound heifer costing well over $1,500.
A growing screwworm threat near the Texas border raises the risk of herd losses and tighter cattle supply, which supports live cattle and beef prices, while the new sterile fly facility is a longer-term step to contain the pest.
After 150 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (63% higher; middle half -0.5% to +1.2%), and +1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.