https://pubmed.ncbi.nlm.nih.gov/3840994/ Seems to show that it does, but I guess the logistics of keeping a herd of cattle covered by giving shots every two weeks may be difficult. And there still is damage to the animal
Ivermectin liquid "pour-on" is poured along the backbone of cattle (just as you do in cats and dogs with flea medications).
There’s also resistance to worry about if used widely.
https://pubmed.ncbi.nlm.nih.gov/9403981/
The article you referred to (and I've seen linked elsewhere in this thread) is about "regular" screwworm (Chrysomya bezziana). The recent outbreak is of New World Screwworm (Cochliomyia hominivorax). The article I've linked suggests that it is much harder to kill than regular screwworm (29% of calves developed myiasis even when treated with ivermectin).