Wake-Up Call for Australia: Fake News Sends US Cattle Futures Into Tailspin

Producer sentiment could be the biggest risk to the cattle market in 2026, particularly if a sell-first-ask-questions-later theme emerges at any point the way it has in the United States over the past few days.

Cattle futures collapsed at the end of the week, shedding as much as US$4.50 per pound for some categories of feeder cattle, with talk among analysts pointing to panic over what turned out to be fake news of a New World screwworm case actually on US soil.

The US Department of Agriculture's Animal and Plant Health Inspection Service has issued a statement saying NWS...

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