Buyers of U.S. beef keep importing after mad cow case

Major export markets for U.S. beef from Canada to Japan stayed open after the United States reported its first case of mad cow disease in six years amid assurances that rigorous surveillance had safeguarded ...

CHICAGO (Reuters) - U.S. live cattle futures on Wednesday recovered most of the previous session's tumble, lifted by short-covering and higher cash beef prices as traders attempted to put Tuesday's mad cow scare behind them. Traders said assurances by Japan, Mexico and Canada that imports of U.S. beef would not be affected by the first case in six years of Bovine Spongiform Encephalopathy (BSE), popularly called mad cow, would support the market. ...

The infected dairy cow in central California never posed a danger to consumers, as milk does not transmit the disease, the chief veterinarian of the Department of Agriculture said.

By Christian Magoon:Mad cow disease was discovered in a dairy cow from central California, according to a new report from the U.S. Department of Agriculture. This was the first case of mad cow disease in over six years and was found by the USDA's routine testing procedures.

Market Folly submits:Cattle prices are at all-time highs, thanks to a strong 25 percent rally over the last 12 months. Just look at prices over the past 25 years:You want price strength? How 'bout live cattle futures hitting all-time highs? (Source: Barchart.com)