
USDA will spend up to $750 million on a facility in Texas to produce sterile flies that combat New World screwworm. The move reflects rising concern about the parasitic fly's risk to livestock.
A domestic sterile-fly supply is the main tool for keeping screwworm out of the US, so keeping the Mexican border closed tightens cattle supply and supports live and feeder cattle prices.
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.