Word: mads
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Dates: during 2000-2009
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...Chicago Mercantile Exchange, there were further signs of trouble. The Merc is a forward market that allows cattlemen and feedlot owners to hedge the price they will get for their products and offset some of the normal business risks. The traders provide the liquidity for that risk. But mad cow is anything but normal. James Brooks, floor-operations manager for the nation's largest cattle-futures trader, R.J. O'Brien, says the atmosphere is tense. "People are stressed out. Tempers are short. Nerves are shot," says Brooks. "We're seeing small fights break out. People are having words." The dramatic...
...sell their herds again next fall. Out at Murphy's ranch, on the snowy prairie of southern Montana, his pregnant cows' offspring will not be ready for sale until next fall. With no way to test live animals for BSE, Murphy admits he had been fatalistic about a mad-cow crisis occurring in the U.S. "It's not if it was going happen, but when...
...acres of pens with 7,000 head of cattle, feedlot owner Norm Haaland is concerned but philosophical. From his second-story vantage point at TBone Feeders in Shepherd, Mont., he watches corn trucks rumble in to dump loads of feed. He is worried about the fallout from the mad-cow crisis, but his cattlemen customers are more concerned about the recent U.S. decision to allow imports of boxed beef from Canada as long as it comes from cattle younger than 30 months. "The big packers are making a killing up there, buying Canadian cattle from the feeders at hardship prices...
...question is whether the changes will satisfy foreign buyers. The Organization for Competitive Markets, based in Lincoln, Neb., represents farmers and ranchers and believes the USDA proposals will not be enough to convince foreign buyers that the meat supply is free of mad cow. The Japanese, who paid dearly in lost sales and public confidence when they did not get tough on BSE until after a sick cow turned up in 2001, seem to be in no hurry to restart U.S. imports. Tokyo rebuffed an agricultural delegation from the U.S. last week and reportedly wants Washington to require mad...
...biggest beneficiary of the U.S.'s meat crisis may well be Australia, the largest exporter never known to suffer a case of mad cow. It is probably no coincidence that most of its cattle are fed on grass, not feed concocted from animal parts, which has been banned in several countries--including the U.S.--after being suspected of spreading mad cow. But falling prices in the U.S. could hurt Australian beef, which Americans import for its leaner content. In other words, it is all a mad-cow mess, and no one quite knows where it is going. "This happens...