This will be very interesting... ...to see how this unfortunate news plays out and impacts broad Food Safety Policies (relating to diseased cattle and impact on humans) in the USA and possibly other major markets with a significant cattle industry. rg
WASHINGTON | Tue Apr 24, 2012 2:48pm EDT
WASHINGTON (Reuters) - The United States Department of Agriculture was holding a press conference on Tuesday as rumors that a case of mad cow disease was discovered in California sent live cattle futures tumbling.
The spokesman declined to comment on the topic of the briefing. The contents of the briefing are embargoed until 3 p.m. ET.
Live cattle futures on the Chicago Mercantile Exchange fell by as much as the 3-cent-per-lb daily limit on Tuesday on fund liquidation and selling stemming from the rumors.
The first outbreak of mad cow in the United States occurred in late 2003.
https://www.reuters.com/article/2012/04/24/us-usda-briefing-idUSBRE83N14L20120424