USDA confirmed New World screwworm in a Texas calf, the first US case since 1966, after the pest moved north through Mexico. Feeder cattle futures initially dropped on consumer demand fears, then rallied more than 3%.
USDA says it believes the case can be contained.
A spreading outbreak could further shrink a US cattle herd already at its smallest in 75 years, tightening supplies and supporting feeder and live cattle prices. Losses of up to $1.8 billion are estimated for Texas if the pest spreads.
Setelah 122 peristiwa penyakit bullish sebelumnya, Sapi Bakalan bergerak median +0,4% selama 5 sesi (60% lebih tinggi; separuh tengah -1,0% sampai +1,6%), dan +2,0% selama 20 sesi.
Setelah 148 peristiwa penyakit bullish sebelumnya, Sapi Hidup bergerak median +0,4% selama 5 sesi (62% lebih tinggi; separuh tengah -0,5% sampai +1,2%), dan +1,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Reuters reports feeder futures rallied more than 3% after an initial drop following the screwworm case, matching the size of the move via supply-risk repricing.