Screwworm Fears Fade as Cash Cattle Fuels Rally

The cattle market reacted swiftly to confirmation of New World screwworm in a three-week-old calf, but the initial selloff was short-lived. Futures traded lower for only a few minutes following the opening bell before reversing course, with feeder cattle eventually closing the session limit up. On this week’s Cattle Chatter, Brad Kooima of Kooima Kooima Varilek discusses one of the fastest market selloffs and recoveries in recent memory, noting that much of the fear surrounding a screwworm confirmation had already been priced into the market. He also examines what an export containment and quarantine strategy could look like for