Restaurants, Protein Processors, and Food & Beverage: Call on US cattle market impacts from screwworm: key takes and transcript

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Restaurants, Protein Processors, and Food & Beverage: Call on US cattle market impacts from screwworm: key takes and transcript

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Restaurants, Protein Processors, and Food & Beverage

Call on US cattle market impacts from

screwworm: key takes and transcript

Industry Overview

On June 30th, we hosted a conference call with Mr. Derrell Peel. He holds the Charles 09 July 2026

Breedlove Professorship of Agribusiness in the Department of Agricultural Economics at Equity

Oklahoma State University. We discussed the dynamics of the cattle cycle in the US United States

amid screwworm. See below the main takeaways and inside for a full transcript of the Restaurants, Protein Processors, and

call. Food & Beverage

Screwworm a producer challenge, but not market-moving SaraResearchSenatoreAnalyst

“New World screwworm is not having any significant market impacts, nor is it expected BofAS

+1 646 743 2110

to at this point. In fact, the announcement of when it finally arrived was met with very sara.senatore@bofa.com

short-lived impacts in the futures markets. Because the Screwworm is a pest, not a Peter T. Galbo, CFA

disease, it doesn’t change supply fundamentals or impact demand (as for example Research Analyst BofAS

concerns about meat or food safety in any way). +1 646 743 0175

peter.galbo@bofa.com

Isabella Simonato >>Cattle cycle has years to run, tighter supply lies ahead

Research Analyst

“We haven't yet seen the tightest supplies of this particular situation... at some point we Merrill Lynch (Brazil)

have to pull additional heifers out of that mix in order to retain them for herd rebuilding. +55 11 2188 4243 isabella.simonato@bofa.com

We have not done that yet to any appreciable degree.” Heifer calves saved in 2026,

would be bred in ’27, and calve in 2028.