Texas agriculture leaders cited weak commodity prices and the screwworm outbreak as major concerns following the midterm election. A local cattle producer said low prices are the biggest challenge, while Texas Agriculture Commissioner Sid Miller said reopening the Strait of Hormuz would help reduce diesel and fertilizer costs.
Screwworm poses a disease risk to livestock, while lower diesel and fertilizer costs could ease producers’ input expenses. The article does not identify a specific commodity-price move or quantify the outbreak’s effect on supply.
After 356 past disease events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -0.8% to +1.1%), and +1.1% over 20.
After 266 past disease events, Feeder Cattle moved a median +0.5% over 5 sessions (59% higher; middle half -1.1% to +1.7%), and +1.7% 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.