Quickie
Colonel
It's just the disturbance and/or heat friction of the movement of the shell through the air and the tiny bits of dust floating in the air.
The camera is not at a high enough frame rate to be able to see a true slow motion footage shell pass through the air and into the target and to have everything explode and appear in a sensible sequence so it looks like the target explodes before the streak behind the shell appears.
But in reality it's what a normal high speed kinetic projectile looks like. It's really not that exotic
Actually in this case, the camera did capture the explosion before the yellow streak appeared - which should be what remained of the projectile. That is what I was trying to convey to you, but without success it seems. You could go back to the video footage and see it frame by frame to be sure.