logo
Plus   Neg
Share
Email

Mad Cow Disease Case Confirmed In California, USDA Says

Cattle1-041912_24Apr12.jpg

U.S. live cattle futures spiraled lower Tuesday afternoon, following news of a confirmed case of mad cow disease in central California.

As the Department of Agricultural held a press conference detailing the first case of mad cow disease since 2006, live cattle futures sank by the exchange limit across the board for 2012.

Cattle futures for June plunged 3 cents, or 2.6 percent, to settle at $1.11575 a pound on the Chicago Mercantile Exchange.

The price drop was said to be in response to the traveling news of mad cow disease and fund liquidation.

John Clifford, the USDA's chief veterinarian, told reporters Tuesday in a briefing in Washington that the animal was found at a rendering facility. The meat of the animal did not enter the food chain and the carcass will be destroyed, Clifford said. Milk from the cow was safe.

Mad cow disease was first discovered in December 2003 in an animal that came from Canada, and this marks the fourth confirmed case of the brain-wasting disease in the U.S. cattle herd.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Member of Congress have reportedly been told President Donald Trump's administration has reached an agreement to put Chinese telecom giant ZTE Corp. back in business. Reports from the New York Times and Reuters said the deal brokered by the Commerce Department would require ZTE to pay a substantial... Delta Air Lines will resume non-stop flights between the U.S. and India next year, almost a decade after it exited the Indian market. The airline said Thursday that its decision to resume non-stop flights from the U.S. to India follows agreements between the U.S. and the governments of the United Arab Emirates and Qatar to address the issue of government subsidies provided to state-owned carriers. Mortgage rates continued their upward trend this week and hit a seven-year high, even as housing demand remained robust. According to data released Thursday by mortgage finance provider Freddie Mac, the 30-year fixed-rate mortgage rose to 4.66 percent in the week ending May 24, from 4.61 percent in the prior week and 3.95 percent a year ago. This is also the highest level since May 5, 2011.
Follow RTT