
The USDA will release sterile flies near the US-Mexico border to combat New World screwworm, with the dispersal area extending about 50 miles into Texas. The agency has halted imports of Mexican livestock to keep the pest out.
The continued import halt tightens feeder cattle supply into US feedlots, supporting cattle prices and adding to beef price pressure.
After 148 past bullish disease events, Live Cattle 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, 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.