Dangerous Heat and Screwworm Cases Mean Cattle Prices Are Still Bullish. Hog Pri

August live cattle futures on Friday fell $1.40 to $245.825 and for the week were down 80 cents. August feeder cattle futures lost $3.45 to $369.825 and for the week were up $3.25.The cattle futures markets saw some profit-taking on Friday, led by feeders.

Front and center for the cattle markets and the entire U.S. cattle industry is the New World screwworm (NWS) parasite that has been detected in the southern U.S. As of this morning, NWS cases detected in U.S. had risen to 27— all in Texas and New Mexico, with the newest two cases in Texas. There are presently 21 active cases, all in Texas.

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In the meantime, the U.S. and Mexico inaugurated a sterile fly plant in Chiapas over the weekend. The plant will eventually produce up to 100 million sterile flies a week, Reuters reported. The U.S. has mostly closed its border to Mexican live cattle imports since May 2

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/commodities/articles/dangerous-heat-screwworm-cases-mean-145625185.html)