The Latest Breaking News from USDA

Are US Cattle Screwed - Again?

As spring turns to summer, US beef headlines have announced the return of the New World Screwworm.

Barchart · Jun 7

New World screwworm confirmed in Texas, stoking fresh cattle fears

The pest was largely eradicated in the United States in the 1960s.

Axios · Jun 7

Second flesh-eating screwworm infection reported in cattle in Texas

Governor issues disaster declaration as agencies move to stop spread of parasite, including release of sterile flies

The Guardian - US · Jun 6

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 · Jun 5

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 · Jun 5

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 · Jun 5

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 · Jun 5

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 · Jun 5

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 · Jun 5

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 · Jun 5