Cattle prices rise after Texas screwworm detection
Feeder cattle futures rose over 3% on Thursday following the USDA confirmation of a screwworm case in a Texas calf. While the agency aims to contain the parasite, the detection threatens a livestock industry already facing its smallest cattle herd in 75 years due to previous droughts.
Xurve View
Insights:
Xurve View
United States feeder cattle futures rallied 3% on Thursday following the detection of the flesh-eating screwworm parasite in a Texas calf. The discovery follows the pest's year-long migration through Mexico and marks the first case in Texas since 1966. An uncontained outbreak threatens to further deplete a national cattle herd already at its smallest level in 75 years.
