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Read the latest blog from Steve Cornett.
The Commodity Futures Trading Commission has apparently asked USDA for a timeline on the announcement Tuesday about the BSE cow in California.
Good. CFTC is the regulator that would be charged with finding out who got wind of the upcoming announcement to get in front of the futures panic. We don’t know if any laws were broken, but it’s good the regulators are looking.
At the least, we should know how the leak happened. I would hope USDA has its own investigation underway. Again, the agency should make sure such leaks don’t give insiders a chance to bilk the unwary.
Here's what will make such "leaks" inevitable. Bovine Spongiform Encephalopathy (BSE) is a serious dangerous type of disease, as eMedicinehealth.com describes: "Mad Cow Disease and Variant Creutzfeldt-Jakob Disease Overview
"Mad cow" disease is an infectious disease in the brain of cattle caused by prions. The actual name of the disease is bovine spongiform encephalopathy (BSE), a name that refers to the changes seen in brain tissue of affected cows.
Abnormal proteins called prions (PRE-ons) are found in brain tissue of diseased cattle and appear to be the particle that transmits the infection. Characteristic changes are seen in the brain of infected cattle. Infection leads to tiny sponge-like holes in parts of the brain, giving the tissue a sponge-like appearance when viewed with a microscope. These so-called spongy holes cause slow deterioration within the cattle brain and eventually other symptoms affecting the whole body. Death follows."
Any time it rears it's head (no pun intended)the CDC is going to start a high energy effort to track and control it. The USDA also has some effective and fast measures to do so. Once that activity starts, unless ALL Journalists are asleep or in a coma, they will track the story down rather quickly-it's THAT important a story.
Stopping it isn't THAT hard, but as long as some "slick operator" thinks he or she can save a few bucks on cattle feed by adding a little ground cow to the mix, it's likely a redux will happen.