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April 26th, 2012
Commodity Brokers – The first time mad cow disease appeared in the U.S., beef exports plunged 82 percent. More than eight years later, the discovery of an infected dairy cow in California may do little to prevent shipments from surging to a record for a second straight year.
U.S. beef sales to buyers including Mexico, China and Japan will jump 6 percent to 1.34 million metric tons in 2012, exceeding last year’s record, which the government valued at $4.7 billion, said Global AgriTrends, a Denver-based researcher that advises meat companies, investment banks and hedge funds. The company affirmed its forecast after the U.S. reported its fourth case of mad cow since 2003 and first since 2006.
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April 25th, 2012
Cattle Futures – The first U.S. case of mad cow disease in six years may not disrupt the nation’s corn and soybean exports because global demand for crops used as livestock feed is surging, said Roy Huckabay, an executive vice president at Chicago agriculture broker Linn Group.
“Mad cow will have little impact on domestic feed demand,” Huckabay said. “Drought in South America is boosting demand for U.S. soybeans and soybean meal. China is buying U.S. corn, and that is the tip of an iceberg of new demand. China will buy 10 million metric tons of corn this calendar year, up from 5 million currently on the export books.”
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April 24th, 2012
Cattle futures tumbled the most in 11 months in Chicago, and feeder-cattle prices fell by the exchange limit as a case of mad-cow disease was reported in the U.S. Corn, used in livestock feed, also slumped.
A case of mad-cow disease has been found in a dairy cow in central California, John Clifford, the USDA’s chief veterinarian, told reporters today in Washington. Its meat did not enter the food chain and the carcass will be destroyed, Clifford said. This is the fourth confirmed case of the brain- wasting disease in the U.S. cattle herd since the first was discovered in December 2003 in an animal that came from Canada.
April 20th, 2012
Cattle Rustler – A former Sallisaw police officer is charged with stealing cattle but won’t be tried for filing a false police report after shooting himself in the chest.
A judge ruled Thursday after a two-day hearing that 36-year-old Wendel Don Hughes is to be tried on 31 counts of stealing domestic animals.
The Oklahoman reported that seven witnesses testified at the hearing. Records from two livestock markets show Hughes sold 178 head of cattle worth $72,000 in January 2011.
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