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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (21960)11/18/2004 2:26:33 PM
From: mishedlo  Read Replies (1) of 110194
 
Cattle futures at CME plunge on mad cow concerns By Kate Gibson
CHICAGO (CBS.MW) -- Cattle futures at the Chicago Mercantile Exchange plunged to their allowable daily low shortly after the opening Thursday after the U.S. Department of Agriculture said it was conducting further tests after getting an inconclusive BSE result. December cattle futures were recently trading at 84.7 cents a pound after hitting limit down at 84.32 cents "on the threat of a new mad cow finding," said agricultural consultant John W. Kleist. Cattle futures had been trading at a premium due to persistent and overly muddy conditions in the Southwestern United States, reducing supply, Kleist said.
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