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USDA's APHIS approved $213.3 million in emergency Commodity Credit Corporation funds to combat growing New World screwworm outbreaks. About $109.8 million will go to detections in Panama and other areas critical to keeping the pest out of North America.
A screwworm incursion into the US would threaten cattle movements and herd numbers already tight, supporting live cattle prices and raising risk premiums on feeder cattle and beef trade.
provisioneronline.comIndustry NewsDec 21, 2023After 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.
