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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.