10-29 IAN Zilmax
In a recent edition of the Idaho Cattle Association’s Executive Update, one featured article said, “Cattle Futures Fall as South Korea Halts Some U.S. Beef Imports” Here is exactly what the article said: Cattle futures recently fell as South Korea suspended some U.S. beef imports after finding traces of a banned feed additive. The Asian nation halted a beef shipment from a U.S. unit of JBS SA after detecting zilpaterol, also known as Zilmax, according to a statement today from the Ministry of Food and Drug Safety. “actually that was a brief moment in the board transactions because they have rebounded from that fall. Basically they suspended imports after finding traces of the banned substance zilpaterol. We have been having a lot of discussions here in the US and it doesn’t look like it will have a resonating impact on the industry but we are monitoring it closely. What happened was that there was a packing company that decided not to take cattle that have been said zilpaterol… It is a Beta agonist. It caused a little bit of a stir and then the company itself ended up taking the product off the market to be sold in the United States and Canada.