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The USDA allocated $165 million in emergency funding to stop New World screwworm from reaching the US. The money will fund surveillance, animal health checkpoints, and eradication efforts in Mexico and Central America.
The US paused cattle imports from Mexico last month after the pest was found near the Guatemala border.
The funding supports the continued import pause, which keeps feeder supplies tight, though the spending itself has limited direct price effect.
agriculturedive.comSarah ZimmermanDec 19, 2024After 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% 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.
