Screwworm scare sparks volatility, as cattle markets push higher | Beef Market Update

Well, yeah, first of all, let's go back over the border.

Basically, the Mexican border basically been closed on and off since November of 24.

So over a year.

And all the time we get these rumors and the markets move up or move down as the border open.

So we've had these crazy moves all due to rumors and misinformation over the many, many months preceding this.

So the initial reaction, you know, when it is announced that there's this possible case was negative.

The markets did – the futures did collapse.

But very quickly, you know, USDA was, I think, in my opinion, out, you know, with good – Good verbiage about their plan and what they're doing, what they have been doing and all the rest of it.

And it's almost so since that point, by the end of yesterday and today, the markets have recovered substantially.

So, for example, August feeder cattle from the low yesterday to the high where we're at when I last looked was $20 higher.

you know, just in that short period of time.

Hard down and then a big up.

And June live cattle up seven bucks from their low yesterday.

So big move.

And to me, Sean, it almost feels like the market needed to take this uncertainty off the table.

And that's what this has done.

Like you said earlier, it wasn't a matter of if, it was a matter of when.

Now we know the when.

Now we know how it's going to be dealt with.

And...

So we'll be watching those things, but the market now can focus on, oh, okay, we're short of supply still and demand is good.

So now we're kind of off and taking that uncertainty out of the market has really helped.

Yeah, and it's important.

This is not a disease.

This is not an animal.