Mad cow disease found in California; no human threat seen
Despite assurances from Agriculture Secretary Tom Vilsack that the finding posed “no risk to the food supply or to human health”, two major South Korean retailers halted sales of U.S. beef and the government there said it may suspend quarantine inspections, a move that would effectively halt imports.
Fears of a potential backlash among consumers and big importers of U.S. beef fueled a sell-off in Chicago live cattle futures on Tuesday, with memories still sharp of the first case in 2003 that caused a $3 billion drop in exports. It took until 2011 before those exports fully recovered. [full story…]