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Flesh-Eating Cattle Screwworm Spreads Beyond Texas As USDA Accelerates Eradication Push

Zero Rss
6 days ago
Flesh-Eating Cattle Screwworm Spreads Beyond Texas As USDA Accelerates Eradication Push

The U.S. Department of Agriculture confirmed three more New World screwworm (NWS) cases, bringing total detections to five and heightening concerns that the flesh-eating pest, once eradicated in the 1960s, could threaten the nation's already strained cattle industry.

The latest NWS cases include three calves and a goat in Texas, along with a small dog in Lea County, New Mexico, marking the first confirmed case in that state, according to the USDA. The dog had not traveled to Mexico or Texas, prompting authorities to investigate the surrounding property for fly larvae that feed on living flesh rather than dead material.

"Over the past week, USDA has identified and expeditiously confronted four confirmed detections of NWS. While we address these instances that require immediate attention, and continue to sample suspected cases, we are simultaneously working to eradicate the pest entirely," Dudley Hoskins, the USDA's marketing and regulatory undersecretary, said in a statement. 

The first NWS cases were discovered last week in calves a few miles apart in South Texas:

The second case:

Cases were announced Monday in a calf in La Salle County, southwest of San Antonio, and in a goat in Gillespie County, west of Austin.

RELEASE: USDA Confirms Two Additional Cases of New World Screwworm in the United States

A calf in La Salle County, TX and a dog in Andrews County, TX.https://t.co/nzWMQzDHjU

— New World Screwworm Rapid Response (@Screwworm_RR) June 8, 2026

University of Florida entomologist Edward Burgess told AP News that new NWS cases may emerge in the coming days and weeks, but that does not necessarily mean the pest is spreading.

"When that first case is seen, everyone is being vigilant and their eyes are on it more intensely," Burgess said. "And when you are looking for something, you are more likely to see it."

Well...

USDA TO TRIAL IVERMECTIN IN FEED TO CONTROL SCREWWORM IN WILD

— zerohedge (@zerohedge) June 8, 2026

IVERMECTIN KILLS NEW WORLD SCREWWORMS IN BOTH HUMANS AND ANIMALS

LIVESTOCK: 12 studies found 97%+ prevention of New World screwworm infestation in cattle wounds

HUMANS: Documented complete larval elimination in severe oral and eye socket infestations

"Horse paste” wins again. https://t.co/daZg7wgaim pic.twitter.com/3v1SnvoJMx

— Nicolas Hulscher, MPH (@NicHulscher) June 8, 2026

Texas Gov. Greg Abbott and USDA Secretary Brooke Rollins explained on Monday the USDA's "War on Screwworm" plan to eradicate NWS. 

🧵 Sec. Rollins outlines @USDA’s aggressive response to New World Screwworm:

USDA is rapidly expanding sterile fly production and dispersal capacity, a core pillar of the federal eradication strategy.

A dispersal facility in South Texas was launched last year, and tens of… pic.twitter.com/g998W7fy78

— New World Screwworm Rapid Response (@Screwworm_RR) June 8, 2026

The rising number of NWS cases in the U.S. poses a threat to the nation's cattle herd if the spread runs rampant, especially with herd size already at a 75-year low, beef prices at record highs …

…and meatpackers under pressure from fewer and more expensive animals. We recommend that readers review the note from Goldman analyst Thiago Bortoluci on NWS.

Tyler Durden Tue, 06/09/2026 - 11:20
Tyler Durden

Gold & Silver: From Pullback To Perfect Setup

Zero Rss
6 days 1 hour ago
Gold & Silver: From Pullback To Perfect Setup

Authored by Matthew Piepenburg via VonGreyerz.gold,

With gold and silver having fallen by greater than 20% from their January highs of 2026, some have argued the gold trade is over. In fact, and as explained below, it is only just beginning.

Trading vs. Investing

Such misunderstandings are nothing new, as the difference between precious metal trading and precious metal investing is nothing new.

Nor is there anything new about top-down misinformation and misdirection given to Main Street when it comes to understanding gold and silver.

Traders, both skilled and unskilled, tend to track near-term signals for immediate rates of return (long or short) while longer-term investors typically watch history, debt cycles and currency debasement with patient detachment and a steady eye toward wealth preservation.

Such patience has served the longer-term, wealth-preservation-focused investors with greater returns (and calm) through periods of headline flux and geopolitical gyrations.

Since 2000, gold has outperformed the S&P, and when compared against the major global paper currencies (down 94% since 2000), gold (up 1580% since 2000) has demonstrably outperformed fiat “money.”

Longer-term investors see this larger picture and trend.

They don’t book losses in pullbacks because they understand the greater direction of the precious metal ball in a debt-saturated and hence currency-debasement playing field.

Comfort in Historical Fundamentals

In short, the fundamentals of history, economics and hence currency debasement confirm a clear pattern by desperately broke(n) nations to inflate their way out of debt at the expense of their currencies.

This makes the longer, anti-fiat direction for gold and silver almost too obvious, even in times of inevitable price retracements in the metals.

Historical cycles and longer-term calm, however, are easily forgotten or ignored in times of crisis. Investors somehow think “this time is different,” or, even worse, they don’t think about history at all.

Patterns: From Crisis to Gold Highs

But for those looking for signals, as well as sanity confirmation, it’s worth remembering that in every prior geopolitical and/or oil crisis (the OPEC embargo of 73, the Iranian Revolution of 79, the Gulf War of 91, the 9-11 disaster of 2001 or, more recently, the Ukraine/Russia crisis of 2022) there are clear patterns eerily similar to the current crisis surrounding the Iranian “conflict.”

Specifically, we are living within a template by which a geopolitical crisis sends the oil price up, which is followed by a rise in “inflation expectations,” which in turn means central banks like the Fed can’t cut rates, and soon thereafter the market, rather than central bankers, sets the rates.

This explains why yields on the US 10Y Treasury Bond (the true cost of Uncle Sam’s hideous bar tab) have risen by 75 basis points despite no active rate hikes by a Fed which couldn’t afford rate hikes even if they wanted them.

In this same template, as yields rise, investors typically follow the street’s traditional (yet now grossly mistaken) view that a yielding bond (from a broke issuer) is still better than a yield-less bar of gold.

What typically follows is a herd-like move to bonds whose “positive” nominal yields are measured in increasingly debased currencies and negative real returns when measured against actual rather than mis-reported inflation.

The ironies do abound…

But what fifty years of crisis patterns have also told us—at least for those paying attention—is that gold tends to drop early in every crisis only to then recover at newer all-time-highs as the crisis plays out.

During the 1973 OPEC embargo, for example, gold would dip and then participate in an historical, 4-digit upside in the seven years that followed.

After a temporary retracement during the 1979 Iranian Revolution, gold rose by 90% in one year, and saw double-digit upside within weeks of the 1991 Gulf War.

We saw similar dip-to-high surges in gold following the 9-11 tragedy. And as for the 2022 fiasco in Ukraine, gold broke 2000 not long after the crisis grew from threat to now ongoing reality.

Patterns in Moving Averages

But for those who still feel that history is no guide to future rhyming patterns, let us give equal respect to some of the key technical signals for the metals.

In fact, these signals—most notably from the 200-day moving averages in gold and silver—are themselves just historical signals of a different flavor.

More importantly, they are indicators which signal a rare opportunity in a time of crisis.

Looking at both gold and silver, for example, each metal has fallen below its 200-day moving average.

This is a powerfully bullish rather than bearish signpost.

Silver Signals

The last time silver fell below this average was in April of 2025, just before the metal, then trading at $27, ripped north at historical multiples and new highs.

Prior to 2025, we saw similar bullish signals beneath silver’s 200-day line in 2020 (when silver was at $11) and in 2022 (when silver was at $17).

Gold Signals

Equally bullish technical signals are ringing from gold’s recent dip beneath its 200-day moving average.

The last times we saw gold below this line it was trading in the $1500-$1600 range (2022) or the $1800 range (autumn of 2023). Thereafter, gold went 100% north 12 months out.

From Pullback to Historical Set-Up

Taken together, these fundamental as well as technical signals combine within a current as well as historical context which makes the current pullback in the metals a near perfect set-up rather than break-up for gold and silver.

In fact, current conditions for the precious metals in 2026 are even more favorable than the prior patterns of the 1970’s discussed above.

In 1973, for example, U.S. public debt was in the $500B, not $39T, range. Today, interest expense alone on American IOUs is twice the size of total US public debt in 1973.

Think about that for a second. At debt this high and unsustainable, the debasement trade is no longer a meme; it’s a fat pitch.

The Structural Bid Few Understand

In the 1970’s, moreover, central banks around the world were selling gold. As of this writing, and despite recent forced gold sales out of Turkey and Saudi Arabia, central banks (from Poland to Asia) are net-buyers of gold.

In fact, since the USA weaponized the world reserve currency in 2022, central bank gold purchasing has increased by 5X.

These signals from the world’s central banks are screaming signposts of a structural bid in the metals which most retail investors (who were spooked out of the trade at lows after buying at tops) are tragically missing.

Even the commercial banks have understood the patterns for gold after an oil crisis, and their price targets for the metal remain nearly twice current price levels.

Thus, whether drawing from historical patterns or from moving-day-average signals, the question going forward is simple: Do you trust King Dollar or a “pet rock”? Crowns of gold or crowns of paper?

Time will tell, and time is clearly on the side of precious metals.

Tyler Durden Tue, 06/09/2026 - 10:50
Tyler Durden

Trump's Economic Shield Cracks As Gas Prices And Iran Standoff Threaten Midterm Fortunes

Zero Rss
6 days 1 hour ago
Trump's Economic Shield Cracks As Gas Prices And Iran Standoff Threaten Midterm Fortunes

As we continue to 'enjoy' expensive gas across the country thanks to a broken campaign promise not to start new wars, President Donald Trump enters the 2026 midterm campaign with an unfamiliar vulnerability: voters are feeling the pain.

High gasoline prices, fueled by the prolonged U.S. military confrontation with Iran and disruptions in the Strait of Hormuz, have turned inflation into a daily political problem for the White House. Trump's approval ratings have fallen near the lowest point of either of his presidential terms, with especially sharp declines in approval over the economy - long one of his strongest political defenses. Public frustration over affordability, a concern that helped return him to the White House, has not eased.

Source: RealClearPolitics

The White House, meanwhile, is touting tax refunds delivered under last year's legislation, and the administration's promise of abundant domestic energy. But those messages have been overshadowed by the reality on Main St. 

"I think the president was being truthful when he said he really didn't care about the midterms," said Mick Mulvaney, former acting White House chief of staff. "But House and Senate Republicans do care. And if gas is still north of $4 by Labor Day, everybody in town knows that means trouble for the incumbent party. Big trouble."

Even if the Iran war ended tomorrow, some economists think that the damage already done to oil infrastructure - and the risks of renewed fighting, will keep upward pressure on prices. 

"We think that the drag on the economy due to the war will weigh heavily on household consumption among middle-class, working-class and the working poor ahead of the November congressional election," said Joseph Brusuelas, chief economist at RSM US.

Source: Bloomberg economist surveys. Note: Inflation = PCE price index.

Consumer sentiment has weakened across party lines, including among Republicans and independents. Inflation reached 3.8% in April, while grocery prices posted their largest increase in nearly four years. Inflation-adjusted hourly earnings declined for the first time in three years, and the personal savings rate fell to a multi-year low.

As we noted on Monday, Median inflation uncertainty, or the uncertainty expressed regarding future inflation outcomes, increased at the one-year and three-year-ahead horizons and decreased at the five-year-ahead horizon. 

What's Going Well

Unemployment is still low by historical standards, with employers adding 172,000 jobs in May, capping the strongest three-month hiring stretch in more than two years. Separately, the household survey showed native-born employment rising by 294,000 in May, while foreign-born employment fell by 176,000. (compare April to May, table A-7). Consumer spending has also held up, helped in part by larger tax refunds for many households.

Artificial intelligence investment - albeit a massive circle-jerk, continues to drive manufacturing expansion, producing the longest stretch of factory growth since 2022 and helping push stock markets to record highs. Trump frequently points to those gains as evidence that his economic program is working.

Broadcom is backstopping a massive $36 billion private credit SPV with Apollo and Blackstone which will help Anthropic buy Google chips made by Broadcom, even as Google is renting compute from SpaceX while Morgan Stanley, which is arranging the deal, lends money to investors https://t.co/nI7QCVNFTi

— zerohedge (@zerohedge) June 9, 2026

But the benefits have been uneven. The share of national income going to workers through wages and salaries sits at an all-time low, reinforcing concerns about a K-shaped recovery. Corporate profits and asset values have surged for higher-income Americans, while many families continue to feel squeezed by everyday costs.

"When moms and dads lie down to sleep at night and can't, one of the things they're most worried about is the cost of living," Louisiana Sen. John Kennedy told Bloomberg. "I think we have a good story to tell on what we've done... but I wish the president would talk more about it."

And here come Midterms...

Republicans hold a narrow House majority and face the historical headwind that typically confronts a president's party in midterm elections. Trump has warned that a Democratic House could pursue impeachment, as it did during his first term. The Senate majority appears more secure, but it could still be tested if economic frustration deepens in key states.

That said, Trump is hardly limping into the midterms. Recent Republican primaries have shown his grip on the GOP remains intact, from Trump-backed Ed Gallrein’s ouster of Rep. Thomas Massie in Kentucky, to Andy Barr’s win in the Kentucky Senate primary after Trump’s late endorsement, to Tommy Tuberville’s landslide in the Alabama governor primary. But primary dominance may not translate to general-election resilience, especially if independents and working-class swing voters are voting on gas prices, grocery bills, mortgage rates and war fatigue.

An idea: quickly end the war?

Tyler Durden Tue, 06/09/2026 - 10:35
Tyler Durden

Will Saylor's Latest Bitcoin Buys "Hold The Line"

Zero Rss
6 days 1 hour ago
Will Saylor's Latest Bitcoin Buys "Hold The Line"

Submitted by QTR's Fringe Finance

Over the weekend, I posted a prediction on X after Strategy’s sale of 32 bitcoin helped tanked the market last week. I wrote:

“Prediction: Saylor just bought way more than 32 BTC and will disclose it to ‘prove’ it was just an experiment & everything is really fine. He looks clever for buying 10x what he sold 30% lower for 24-48 hours. Then, the market sticks it up his ass anyway and crashes to $40K.”

Lo and behold, Monday morning, we got the announcement:

Strategy has acquired 1,550 BTC for $101 million to increase our BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion.

To me, the headline isn’t really about 1,550 BTC. The headline is that Michael Saylor felt compelled to immediately reassert the bullish narrative after the controversy surrounding Strategy’s sale of 32 BTC.

For years, Saylor’s image has been built on a simple message: never sell. The moment that narrative cracked, even slightly, Bitcoin bears smelled blood.

I feel like this purchase is an attempt to restore confidence. Not confidence in Strategy’s balance sheet. Confidence in the bitcoin story. And if it was done by selling MSTR shares at a discount, does it not defeat the purpose of the company?

Peter Schiff immediately pointed out his take on the awkwardness of the situation:

“As damage control, @Saylor just announced $MSTR bought 1,550 BTC for $101 million while also increasing its U.S. dollar reserves by $100 million. If MSTR sold stock at a discount, that diluted Bitcoin per share. This doesn’t prove MSTR can sell Bitcoin, but that it can’t.”

Whether you agree with Schiff or not, he’s highlighting the exact issue Saylor is trying to address: perception.

The market now has a simple question in front of it. Did Saylor just successfully reassure everyone that nothing has changed? Or did he just spend $101 million trying to stop a narrative that is already spreading?

That’s why Bitcoin’s reaction from here matters far more than the purchase itself.

BTC is stabilizing around $63,000 now. If it can hold this area and grind higher, Saylor’s buy looks like a perfectly timed show of confidence. The story becomes: “See? The sale was nothing. The panic was overblown. Strategy bought more. Everything is fine.”

But if Bitcoin rolls over anyway? Then we can start talking about what happens when the proverbial turd meets the oscillating wind device.

If BTC is trading $40,000-$50,000 a few weeks from now, nobody will remember the press release. They’ll remember that Strategy possibly sold equity, bought Bitcoin at $65k, and failed to stop the market from falling.

🔥 80% Off If You Subscribe Today. This coupon allows for 80% off of annual subscriptions and results in a 85% savings over paying the monthly rate for a subscription to the blog. You keep the discounted rate for as long as you wish to remain a subscriber.: Get 80% off forever

And importantly, regardless of what happens, the buyer from this weekend is now out of the way again. The announcement creates a temporary psychological floor. Once the purchase is complete, however, the market loses that source of demand. The only thing left is whether organic buyers are willing to step in.

Meanwhile, equity futures are higher now on renewed ceasefire hopes. Risk assets are getting a tailwind this morning. If futures stay green and Bitcoin can’t rally, that’s notable. If futures reverse lower and Bitcoin follows them into the red, that could be an extremely ominous sign that the market, after Friday’s wreckage, has possibly put in a top.

If you ask me, this buy wasn’t really about acquiring another 1,550 BTC, it was about protecting the narrative that Bitcoin isn’t breaking down.

And now the market gets to decide whether that narrative still works. I’ve never been happier to be done actively trading and just sitting back and watching this freak show unfold like I’m watching Love Island or some other reality TV show trash.

QTR’s Disclaimer: Please read my full legal disclaimer on my About page here. This post represents my opinions only. In addition, please understand I am an idiot and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning. Contributor posts and aggregated posts have been hand selected by me, have not been fact checked and are the opinions of their authors. They are either submitted to QTR by their author, reprinted under a Creative Commons license with my best effort to uphold what the license asks, or with the permission of the author.

This is not a recommendation to buy or sell any stocks or securities, just my opinions. I often lose money on positions I trade/invest in. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. None of this is a solicitation to buy or sell securities. I may or may not own names I write about and are watching. Sometimes I’m bullish without owning things, sometimes I’m bearish and do own things. Just assume my positions could be exactly the opposite of what you think they are just in case. If I’m long I could quickly be short and vice versa. I won’t update my positions.

As of May 20, 2026 I personally no longer actively trade (read my story here). My investing/saving is done by recurring contributions mostly to sector ETFs and a few select equities, trusted third parties who oversee my accounts, and advisors. Such advisors or funds, through individual equities, options, index funds, mutual funds, ETFs, or other securities, may have positions in, exposure to, or holdings of names mentioned herein that I know nothing about. Basically, via index funds, ETFs and individual equities it is possible I could own, have exposure to, or not own anything at any point. As of the same date, May 20, 2026, in an attempt to lead a healthier lifestyle, I’ve also excluded myself from fantasy sports, sports betting, online and in-person casinos and prediction markets.

And all positions can change immediately as soon as I publish this, with or without notice and at any point I can be long, short or neutral on any position. You are on your own. Do not make decisions based on my blog. I exist on the fringe. If you see numbers and calculations of any sort, assume they are wrong and double check them. I failed Algebra in 8th grade and topped off my high school math accolades by getting a D- in remedial Calculus my senior year, before becoming an English major in college so I could bullshit my way through things easier.

The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. I edit after my posts are published because I’m impatient and lazy, so if you see a typo, check back in a half hour. Also, I just straight up get shit wrong a lot. I mention it twice because it’s that important.

 

 

 

Tyler Durden Tue, 06/09/2026 - 10:20
Tyler Durden

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