Người ta ước tính rằng sự bùng nổ chi phí Ấn Độ $ 600 triệu tại một thời điểm trước khi nền kinh tế Ấn Độ có thể xử lý như một thất bại. Các khu vực kinh tế ảnh hưởng là các nghi phạm thông thường: du lịch, du lịch quốc tế, và xuất khẩu. Nó có quá tệ United Arab Emirates đã được báo cáo đã cắt đứt liên kết bưu chính với Ấn Độ | Mad Cow Disease 39 FIGURE S P Toronto Stock Exchange Composite Index Source Used with permission from Bloomberg . FIGURE Canadian 10-Year Bond Yield Source Used with permission from Bloomberg . 40 INFECTIOUS DISEASES FIGURE Canadian Dollar Source Used with permission from Bloomberg . The industry was worried that the Canadian authorities would require the destruction of millions of cattle just like the UK authorities did in 1996. Canada had previously had one other case of mad cow disease in 1993 and the entire herd was destroyed as a precaution. By this time vCJD from diseased meat had killed 125 people in the United Kingdom and at least 80 others around the world. There was also some fear at this time that Canada was holding back information on the outbreak due to the delay between when the cow died in January and when the outbreak was announced in May. After the announcement on May 20 2003 the financial markets showed their ability to panic first and ask questions later. Live cattle futures dropped cents to cents which was the largest drop in four months. Traders bought hogs and sold cattle on a spread trade. Stock prices of companies that produced beef distributed the beef and sold the beef in their restaurants dropped dramatically. McDonald s fell percent Wendy s fell percent and Tyson Foods fell percent. The timing couldn t have been worse for the beef producers as it was just before the prime . barbeque season with Memorial Day and the start of summer just around the corner. Hamburger No I ll have the chicken thanks. Mad Cow Disease 41 FIGURE Bio-Rad Laboratories Equity Price Source Used with permission from Bloomberg . In contrast companies that produced tests for mad cow disease like Bio-Rad Laboratories saw their stock prices rise Figure . In anticipation of an economic slowdown the Canadian 10-year bond rallied and saw its yield dip from percent to below percent by the end of May. .
