Quick response averts market scare in mad cow case

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.

Indonesia became the first country to suspend imports of U.S. beef Thursday following the discovery this week of an American dairy cow infected with mad cow disease.

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)

The reemergence of mad cow disease, discovered in a California dairy cow, could have major implications for the state’s meat industry, even though officials have said that the human food supply is unaffected.