US: New World screwworm in Mexico

Published 2024년 12월 30일

Tridge summary

A recent discovery of New World screwworm in Mexico has led to the banning of cattle and bison imports from the country, effectively immediately. This is expected to impact the 2025 cattle market by reducing placements and slaughter numbers, leading to higher prices. Despite a slight decrease in October, total U.S. beef exports through October are down by about 3% from the same period last year. On the other hand, beef imports have increased by over 35% year over year in October, with Australia now being the top supplier of beef to the U.S. for the first time since 2016. The annual beef import forecast for 2024 is raised to 4.588 billion pounds, marking a 23% increase from the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The recent discovery of New World screwworm (NWS) in cattle in the Mexican state of Chiapas has resulted in a restriction on the importation of cattle and bison originating from or transiting through Mexico, effective Nov. 22, 2024. Forecasts in this report reflect this restriction, and in the absence of an official timeline for updated import protocols, these restrictions are assumed to remain in place indefinitely. Subsequent World Agricultural Supply and Demand Estimates (WASDE) forecasts will reflect any officially announced changes in policy when they occur. 2024 fourth-quarter production adjusted up fractionally Based on daily and weekly estimated slaughter data for November through early December, steer and heifer slaughter has been at a slightly faster pace than previously expected, which is partially offset by a slower than previously expected pace for bulls. These data also show slightly heavier carcass weights than expected last month. The forecast for fourth-quarter ...

Source: Progressivecattle