The U.S./Mexico border remains closed to cattle on concerns of New World screwworm, but cases are still rising for our southern neighbor.
One analyst points out that those increases will likely keep traffic at a standstill for some time.
According to Brian Hoops, the President of Midwest Market Solutions, “Their screwworm cases since July have increased by 53% which tells us that the border is not going to open anytime soon. They’re going to have to get this facility built in Texas, that’s going to take some time but in the meantime, I don’t think we’re going to see cattle coming across the border at all because of that increase in their cases in Mexico. We certainly don’t want that to happen here in the United States.”
Mexican officials say that there were more than 5,000 cases in the country as of mid-month. More than 600 of those are still active, impacting cattle, horses, sheep and even dogs.
Expect firm calf and fed-cattle prices — pair selective heifer retention with prudent hedging and liquidity to bridge rebuilding costs.
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