A new case of New World Screwworm has been detected in Mexico.
The parasitic worm was discovered last week in Mexico’s Tabasco State. However, the U.S. Department of Agriculture (USDA) says it will not restrict cattle imports from the country after recently lifting its November ban and reopening the border.
The re-opening came after USDA and Mexico established new protocols for assessing animal health before import. USDA says the new protocol will keep New World screwworms out of the U.S.
Despite the confidence from the USDA, the newly reported case was a major market mover for cattle, with fears of another border shutdown pushing feeder cattle futures at the Chicago Mercantile Exchange yesterday.
Related Stories
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
Record milk output looks strong today, but shrinking replacement numbers mean future supply adjustments could be faster and more volatile.
A rapidly intensifying winter storm is expected to develop into a bomb cyclone this weekend, affecting the Southeast, southern Virginia, and potentially parts of the mid‑Atlantic and New England.
AFBF Economist Danny Munch shares a closer look at the dairy market and the forces impacting producers today.
Early indications suggest the U.S. cattle industry may be nearing the end of its liquidation phase. Oklahoma State University livestock economist Dr. Derrell Peel says the industry could be at or near the cyclical low.
Beef x Dairy cattle with strong genetics and documentation are earning prices comparable to native feeders.
