CME feeder cattle rose to a two-week high as traders reacted to worries about screwworm in the US. The rally followed earlier declines tied to the first confirmed domestic case.
Screwworm concerns are reshaping near-term cattle price direction as traders weigh the risk of herd losses against demand concerns. The price action points to firmer feeder cattle values.
After 122 past bullish disease events, Feeder Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +1.6%), and +2.0% 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.
Feeder cattle rising to a two-week high on screwworm worries aligns with the move, as the reaction tightened expected feeder supply.