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east central ontario | Read this on a Agweb Blog by Kevin Van Trump. Has any one else heard this?
Brazil Reports Its First Possible Case of Mad Cow Disease
Here we go. Brazil the world’s largest beef exporter has come out and reported its first suspected case of Mad Cow disease. From what I am hearing the city of Campinas, in Sao Paulo state, was notified of the possible case on November 12th, and have kept the news under wraps. This could be huge considering Brazil’s beef exports totaled more than $4 billion last year. It will be interesting to see how this plays out. I know how rumors can circulate, so look for more confirmation before moving aggressively on the news. I picked up some cheap $103 calls for less than $150 each in the overnight. They only have 18 days until expiration but if the story gains momentum Exporters may look to the US for immediate supplies. I doubt this will be good for the corn market if it ends up being true. Killing any % of the herd will obviously reduce overall corn demand.
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Mad cow in Brazil?
