Texas Faces Beef Price Challenges Due to Cattle Infestation Risk

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AI Summary
The resurgence of the screw-worm parasite in Texas cattle poses a potential threat to beef prices, which have already reached record highs of $9.64 per pound. The U.S. Department of Agriculture confirmed three infected cattle this week, amid ongoing challenges from prolonged droughts that have reduced herd sizes to a 75-year low. While current cases are limited, experts warn that a larger outbreak could lead to increased costs for consumers, potentially impacting the Southwest by up to $3 billion. The USDA is taking action by constructing a facility to produce sterile flies to combat the infestation, with production expected to start by November 2027.
Key Details: • Record beef prices at $9.64 per pound as of April 2023. • USDA confirmed three infected cattle in Texas this week. • Potential outbreak could cost the Southwest $3 billion. • USDA facility for sterile fly production to open by November 2027.