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The Latest Breaking News from USDA

What to know about the New World screwworm fly and its reappearance in the US

The New World screwworm fly is threatening the $113 billion U.S. cattle industry for the first time in more than a half century

AAP

Soybeans Falls Lower on Friday, Amid Product Pressure

Soybeans faced more weakness to close out the week, as contracts were down 2 to 8 cents on Friday. The weekly move for July was down 65 1/4 cents, with November down 52 ½ cents. The cmdtyView national average Cash Bean price was down 7 cents at $10.63 1/4. Soymeal...

Barchart

Corn Liquidation Continues into Friday’s Close

Corn futures saw continued long liquidation heading onto the weekend, with contacts down another 2 ¼ to 7 cents. July was down 29 ½ cents (-45 cents in 2 weeks), with December falling 29 cents. A wetter forecast, lack of news on China and weaker world FOB offers as the...

Barchart

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Hogs Fall Lower into the Weekend

Lean hog futures posted Friday losses of 30 cents to $2.80, led by July, as June was down $1.55 this week. USDA’s national base hog price was reported at $93.85 on Friday PM, down $1.81 from the day prior. The CME Lean Hog Index was up 26 cents on June...

Barchart

Texas governor wants to speed up work on a fly-breeding factory to fight a cattle parasite

Texas Gov. Greg Abbott is concerned that a new factory isn't expected to start work for more than a year on mitigating the New World screwworm fly infestation in his state

AAP

Flesh-eating screwworm is threatening the $113 billion US cattle industry. Texas is scrambling to respond

While an untreated screwworm infestation can be fatal to an animal, federal and state officials have been quick to emphasize that the larvae, which feed on living tissue, do not infest meat or fruit

The Independent UK

The U.S. is one of the world's leading meat producers. That hasn't been enough to shield Americans from soaring beef prices

The average price of a pound of ground beef hit a record average retail price of $6.90 last month, up around 19% from a year ago.

Fortune

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Sugar Prices Slide as Crude Oil and the Brazilian Real Fall

July NY world sugar #11 (SBN26 ) on Friday closed down -0.13 (-0.91%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.30 (-0.51%). Sugar prices settled lower on Friday amid weakness in crude oil and the Brazilian real. WTI crude oil (CLN26 ) fell more than -3%...

Barchart

Coffee Prices Pressured by Brazilian Real Weakness

July arabica coffee (KCN26 ) on Friday closed down -0.65 (-0.26%), and July ICE robusta coffee (RMN26 ) closed down -36 (-1.07%). Coffee prices settled lower on Friday, with arabica posting a 19-month nearest-futures low and robusta posting a 7-week low. Weakness in the Brazilian real (^USDBRL ) weighed on...

Barchart

Second screwworm case in Texas confirmed as Abbott expands state disaster declaration

A screwworm outbreak would threaten the state’s cattle industry and potentially increase already high beef prices nationwide.

The Texas Tribune

Corn Bears Piling on at Midday

Corn futures are trading with losses of 5 to 7 cents across most contracts on Friday. The CmdtyView national average Cash Corn price is 6 1/2 cents at $3.84 1/2. Crude oil losses of $3.01 continue to add pressure. Weekly Export Sales data has the US corn export commitments at...

Barchart

Cotton Slipping Lower on Friday

Cotton futures are trading with contracts 70 to 86 points in most front months on Friday. The US dollar index is up $0.618 at $100.00. Crude oil losses of $3.01 continue to add pressure. USDA’s Export Sales data has 11.33 million RB of cotton export business, down just 1% from...

Barchart

Soybeans Posting Weakness on Friday

Soybeans are showing losses of 7 to 10 cents in most contracts on Friday. The cmdtyView national average Cash Bean price is down 9 1/2 cents at $10.60 1/2. Soymeal futures are down $3.50 to $4.60 in the front months, with Soy Oil futures 230 to 253 points lower. Crude...

Barchart

Hogs Falling Back on Friday

Lean hog futures are falling 97 cents to $2.62 at midday. USDA’s national base hog price was reported at $94.18 on Friday AM, down $1.46 from the day prior. The CME Lean Hog Index was up 26 cents on June 3 at $92.51. USDA’s pork carcass cutout value from the...

Barchart

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Crude Oil and Brazilian Real Weakness Undercuts Sugar Prices

July NY world sugar #11 (SBN26 ) today is down -0.10 (-0.70%), and Aug London ICE white sugar #5 (SWQ26 ) is down -2.50 (-0.56%). Sugar prices are moving lower today, under pressure from weakness in crude oil and the Brazilian real. WTI crude oil (CLN26 ) is down more...

Barchart

New World Screwworm Case in Texas Rattles Cattle Markets. If Cattle Prices Collapse Further, It May Be the Media’s Fault.

My bias is that cattle futures trading will remain choppy and more volatile in the near term. However, I believe the NWS situation favors the cattle market bears over the intermediate to longer term.

Barchart

Cotton Facing Early Friday Weakness

Cotton price action is down 35 to 55 points. Futures closed the Thursday session with most contracts 136 to 216 points lower on the day. The US dollar index was down $0.080 at $99.425. Crude Oil Crude oil losses of $3.11 added some pressure. USDA’s Export Sales report from Thursday...

Barchart

Cattle Look to Friday Trade After Limit Thursday Gains in Feeders

Live cattle futures were in rally mode on Thursday with gains of $2.55 to $4.80. Limits are expanded to $12.75 for today following the limit gains in feeders for Thursday. Open interest suggested a rotation of ownership, up just 86 contracts. Cash trade has crept up to $256-257 the week,...

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Barchart

Hogs Look to Friday Trade

Lean hog futures posted 30 to 70 cent losses on Thursday. Open interest dropped 672 contracts. USDA’s national base hog price was reported at $95.66 on Thursday PM, up $1.30 from the day prior. The CME Lean Hog Index was up 60 cents on June 2 at $92.25. Export Sales...

International Business Times UK

New World Screwworm Had Been Moving North From Panama, Critics Point To Illegal Cattle Smuggling and Migration Routes

The New World screwworm's resurgence in the Americas raises alarms among livestock producers and health officials, sparking political debates over funding cuts and containment strategies.

International Business Times UK

What Is Screwworm Infection? The Disturbing Human Symptoms of Flesh-Eating Parasite Found in Texas

New World screwworm has been found in a Texas calf, marking the first US livestock case in decades. Containment measures have been issued to prevent further spread.

Barchart

Corn Collapse Continues on Thursday

Corn futures continued their death spiral liquidation from the last few weeks, with contracts down another 5 to 8 1/4 cents at the close. The CmdtyView national average Cash Corn price was 7 cents at $3.90. Crude oil losses of $3.11 added some pressure. USDA reported a private export sale...

Barchart

Cotton Falls on Thursday, with Modest Outside Pressure

Cotton futures closed the Thursday session with most contracts 136 to 216 points lower on the day. The US dollar index was down $0.080 at $99.425. Crude Oil Crude oil losses of $3.11 added some pressure. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for...

Barchart

Cattle Buy the Fact on Screwworm Confirmation, with Feeders Rallying the Limit

Live cattle futures were in rally mode on Thursday with gains of $2.55 to $4.80. Cash trade has crept up to $256-257 the week, with sales of $403-407 in the beef. The Thursday Fed Cattle Exchange showed sales of $256.50 on 284 of the 1,116 head offered and another $405-$405.50...

Barchart

Hogs Slips Lower on Thursday

Lean hog futures posted 30 to 70 cent losses on Thursday. USDA’s national base hog price was reported at $95.66 on Thursday PM, up $1.30 from the day prior. The CME Lean Hog Index was up 60 cents on June 2 at $92.25. Export Sales data from USDA showed pork...

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