CFTC Asks USDA for BSE Announcement Timeline

April 27, 2012 08:55 AM

The Commodity Futures Trading Commission is asking USDA for a timeline on the announcement Tuesday about the finding of bovine spongiform encephalopathy in a California dairy cow.

USDA says it is "obviously cooperating" with a request from the CFTC for a timeline of events leading up Tuesday's annoucement. Cattle futures fell the limit after traders heard rumors of the pending BSE press confernece.

A USDA spokesman said Friday, "I wouldn't say 'investigation' is the right word, but we're looking into it (how word of the finding got out before the official announcement.)"

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