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CNN reports that New World screwworm is squeezing ranchers on both sides of the US-Mexico border. Beef prices have been elevated for over two years, and a lack of supply, more than screwworm alone, is pushing prices higher.
Tight cattle supply and ongoing screwworm pressure support higher live cattle prices, and the feeder supply squeeze affects feedlot demand for feed.
After 148 past bullish disease events, LCATTLE moved a median +0.4% over 5 sessions (62% 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.