Archive · 16 Aug 2025
Cattle Futures Rally Amid Screwworm Concerns, Soaring Beef Prices
Cattle prices went up because there isn't much cattle and beef prices are expensive.
The government is building a facility to help fight the screwworm, which has caused problems with importing cattle from Mexico.
The border is still closed to these imports.
Beef prices are at their highest point in years, and other markets, like pork, are also seeing gains.
Cattle futures rose on Friday due to high beef prices and limited supplies.
The USDA plans a $750 million sterile fly facility in Texas to combat the screwworm.
The border remains closed to Mexican cattle imports due to the screwworm outbreak.
Choice boxed beef cutout values reached their highest since early 2020.
Lean hog futures also increased, following the cattle market.
- Who
- Cattle traders and USDA
- What
- Cattle futures increased due to high beef prices and supply issues linked to the screwworm outbreak.
- When
- Friday, August 15th
- Where
- Chicago Mercantile Exchange
- Why
- Due to soaring beef prices and the continued border closure with Mexico
- October Live Cattle Futures
- 230.650 cents per pound
- September Feeder Cattle Futures
- 347.350 cents per pound
- Choice Beef Cutout Value
- $400.57 per cwt
- USDA Facility Cost
- $750 million
- Lean Hog Futures
- 90.100 cents per pound
