1. FDA approved Merck's EXZOLT CATTLE-CA1 for screwworm treatment. 2. Cattle imports from Mexico halted due to screwworm outbreak. 3. Screwworm threat is a multi-year problem per experts. 4. U.S. cattle herds are at their lowest since 1951. 5. Tyson Foods is closing beef plants due to cattle shortages.
FAQ
Why Bullish?
Merck's new treatment may address cattle health issues, stabilizing demand and pricing.
How important is it?
The approval signifies Merck's role in a critical agricultural market, potentially enhancing its revenue streams.
Why Long Term?
The approval supports future cattle industry health, which is critical for Merck's ongoing market presence.