Chicago | Reuters—Chicago Mercantile Exchange live and feeder cattle futures plunged on Monday on market uncertainty following news of a human case of avian influenza in a person who had contact with infected dairy cows.
Texas and the U.S. Centers for Disease Control and Prevention on Monday reported the case after the U.S. Department of Agriculture last week said milk samples collected from sick cattle in Kansas and Texas tested positive for avian flu.
Although authorities insisted that food supplies are safe, livestock traders worried about reduced demand from fearful consumers, potential drastic actions to control further spread within the herd or knee-jerk restrictions on trade.
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