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From: TSS (216-119-144-9.ipset24.wt.net)
Subject: BSE MAD COW DAILY COMMODITY COMMENTARY 'if the media covered the facts demand for cattle products would drop into the abyss'
Date: August 25, 2004 at 2:37 pm PST

TODAYS MARKET NEWS;

> The USDA is not doing anything to help prevent Mad Cow disease and if
> the media covered the facts about this issue demand for cattle
> products would drop into the abyss.

Meats: Great Day in the livestock markets yesterday with most contracts
posting sharp losses at the close. Much more is expected. Oct. Live
Cattle near term target is 83 and if the level is broken massive
liquidation is expected. Oct. Feeder Cattle is heading for the 110 level
and 104 level supports should be broken over the next 4 to 6 weeks. The
USDA is not doing anything to help prevent Mad Cow disease and if the
media covered the facts about this issue demand for cattle products
would drop into the abyss. The USDA points the blame at Canada for the
export ban to Japan (very similar to the massive blackout in New York
City blamed again on Canada). In fact the USDA does not have any
concrete testing for Mad Cow disease for the safety of U.S. citizens let
alone exports to Japan and the rest of the world. A woman in Seattle has
contracted and died from a similar stran of Mad Cow disease, dementia
and was being investigated by one of the nation's leading experts in
prion diseases. Cattle testing is voluntary and the corporations are
after a buck plain and simple. More selling ahead. Traders and more
importantly consumers should be highly concerned about the cattle
industry. Cattle from Texas, Colorado, and New Mexico have cattle
quarantined for suffering from VS stran. Record amounts of cattle
waiting in Brazil and Canada the market is trading at Record Highs huge
potential on the downside and we are sticking with long-term Puts. Hogs
consolidating after recent losses and should begin the next wave lower
soon. Pork Bellies are giving a small bounce after severe oversold
conditions.

by Traders Exchange Corporation
Email: http://info@tradersexchange.com

Web: www.tradersexchange.com

DAILY COMMODITY MARKET COMMENTARY Wednesday, August 25, 2004 14:13 GMT
Daily Report

http://futures.fxstreet.com/Futures/content/100530/content.asp?menu=review&dia=2582004


TSS



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