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Mad Cow Tests Negative, USDA to Continue Reports

by Freddie Mooche

Bad Credit Credit Creditres A cow that had tested positive preliminarily for mad cow disease was retested several times with "inconclusive" results, meaning it did not possess the disease, which was good news for restaurant stocks.

Mad Cow disease in humans has been found to be more prevalent in Great Britain where 149 known cases were reported. 80s in the UK. By the time it was discovered many people had already eaten infected beef. Mad Cow disease takes from two to eight years to incubate and show symptoms in cows. But now there are better testing methods to detect infected cattle earlier. Dutch authorities agree, but risks still remain.

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Bad Company Credit Repair Nov 24, 2004 (AXcess News) Washington - A cow that had tested positive preliminarily for mad cow disease was retested several times with "inconclusive" results, meaning it did not possess the disease, which was good news for restaurant stocks.

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Bad Card Credit Credit USDA spokesman Ed Loyd said the department would continue to publicize the results when two screening tests were inconclusive for the same animal.Consumer groups have been pressuring the USDA not to release test results preliminarily but the USDA said it would continue to release announcements on animals that initially tested positive.

Conagra Foods ( CAG) also closed down 3 cents to end the session at $25.59. owned cattle feeding lots to Smithfield last week after the USDA announced that beef sales would resume to Japan. Japan is the second largest importer of US beef with South Korea ranked third. The USDA hopes to convince Korea to follow in Japan's footsteps and lift its ban on US beef. The bans were enacted following the mad cow disease scare that all but crushed the cattle business.

Bad Car Credit Loan Both commodities and stocks have been bouncing up and down on the USDA's "early warnings" with investors - and producers, losing millions in market value every time an announcement is made.When the animal's tests came back positive initially restaurant stocks took a beating with McDonald's falling over 2% in one day while its peers in the fast-food industry followed suit.Cattle prices for February delivery rebound on the Chicago Mercantile Exchange Wednesday, up 2.4% at 89.95 cents a pound. The highest its seen since July 28. A 16-week high. AdvertisementThe U.S. reported its only confirmed case of mad cow disease on Dec. 23, sending cattle prices down as much as 20 percent over six weeks.

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Bad Credit Loan Mortgage The U.S. is the world's largest beef producer. Its meatpackers slaughtered 35.5 million head of cattle last year, producing 26.339 billion pounds of beef, government figures show.

Auto Bad Credit Loan The Standard & Poor's 500 Restaurant Index rose 1.45 to 292.99, led by gains in McDonald's (NYSE: MCD) and Wendy's International Inc. (NYSE: WEN).

Bad Credit Mortgage Refinance Smithfield Foods (NYSE: SFD) closed up 9 cents at $27.99. Tyson Foods NYSE: TSN) was up 54 cents at $16.65. Pilgrim's Pride (NYSE: PPC) closed up 58 cents at $34.14.

Bad Credit Refinance Recent news: Restaurant Stock Fall on Mad Cow Scare AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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