R-CALF USA is requesting a federal investigation into suspected false reports of new world screwworm.
The organization submitted a formal request to the Commodity Futures Trading Commission, claiming false reports triggered last week’s cattle futures sell-off.
R-CALF is requesting that the commission to launch an investigation into the source of the false report and to take action if any violations are found.
Their CEO Bill Bullard stated:
“We are deeply concerned that this potential manipulation harmed our nation’s independent cattlemen and women who rely on accurate market information to make informed business decisions.”
The accuracy of the alleged new world screwworm case in Missouri has been denied by the Missouri Department of Agriculture as well as USDA.
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What is it like working cattle with an outbreak of New World Screwworm so close to home? Wayne Cockrell, with the Texas and Southwestern Cattle Raisers Association, joined us on Wednesday to discuss.
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“We believe that it is just a matter of days or weeks... before we see New World screwworm in Texas.”
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