Southern states are preparing for a possible New World screwworm invasion, which has so far not reached the US but is spreading in Mexico and Central America. The federal government has banned live cattle imports from Mexico and is building a $750 million sterile fly facility.
Ground beef averaged $6.90 per pound this month, a record high.
Live cattle import bans and the risk of a domestic outbreak tighten US cattle supply, supporting cattle futures and beef prices.
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.
After 122 past bullish disease events, FCATTLE 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.