
USDA announced a $750 million sterile fly breeding facility in Edinburg, Texas, to produce sterile flies against New World screwworm. The factory is planned for Moore Air Force Base, about 20 miles from the border.
The department also plans $100 million for traps, therapeutics and border surveillance, and says the border will stay closed to cattle.
Continued closure of the Mexican cattle border keeps U.S. feeder cattle supplies tight, supporting cattle prices and feed-lot demand for feed ingredients.
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.