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Screwworm parasite found in Texas livestock sparks Zoetis stock and options surge

Market News
04 Jun 2026
CNBC
View Source
Bullish
pluang ai news

A flesh-eating parasite called New World screwworm has been detected in Texas livestock, causing Zoetis and Elanco Animal Health shares to rise sharply. Zoetis saw a nearly 4% increase and a surge in options trading, driven by its FDA-approved injectable treatment for the parasite. The FDA recently authorized emergency use of the drug, boosting investor confidence. If the parasite spreads, it could strain beef supply and impact market volatility, but U.S. producers are prepared with the new treatment.

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