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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCargill cuts "pink slime" output, sees hamburger price rise
Source: Reuters
Cargill cuts "pink slime" output, sees hamburger price rise
By Meredith Davis and Andrew Stern
CHICAGO | Wed Mar 28, 2012 8:41pm EDT
(Reuters) - Agribusiness giant Cargill Inc said on Wednesday it would cut production of meat scraps critics call "pink slime" and said consumer resistance to the filler could lead to higher hamburger prices during the grilling season beginning this spring.
Cargill's move came two days after leading producer Beef Products Inc shut down three of four facilities making the filler and said 650 jobs were at risk. Cargill did not say whether any jobs at its plants were affected.
Concern that higher hamburger prices could discourage consumer demand for beef drove down cattle futures prices at the Chicago Mercantile Exchange more than 1 percent on Wednesday.
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By Meredith Davis and Andrew Stern
CHICAGO | Wed Mar 28, 2012 8:41pm EDT
(Reuters) - Agribusiness giant Cargill Inc said on Wednesday it would cut production of meat scraps critics call "pink slime" and said consumer resistance to the filler could lead to higher hamburger prices during the grilling season beginning this spring.
Cargill's move came two days after leading producer Beef Products Inc shut down three of four facilities making the filler and said 650 jobs were at risk. Cargill did not say whether any jobs at its plants were affected.
Concern that higher hamburger prices could discourage consumer demand for beef drove down cattle futures prices at the Chicago Mercantile Exchange more than 1 percent on Wednesday.
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Read more: http://www.reuters.com/article/2012/03/29/us-food-slime-idUSBRE82R1LP20120329
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Cargill cuts "pink slime" output, sees hamburger price rise (Original Post)
Eugene
Mar 2012
OP
"higher hamburger prices could discourage consumer demand for beef drove down cattle futures prices"
Gidney N Cloyd
Mar 2012
#3
So the flareups on the grill all these years may not have been ALL beef fat drippings? ugh,,,
benld74
Mar 2012
#4
Of COURSE higher quality beef will cost more than pink slime. Duh. But I don't eat ANY
Honeycombe8
Mar 2012
#5
freshwest
(53,661 posts)1. Sounds fine to me. If I wanted dog food, I'd buy that!
Laurian
(2,593 posts)2. Fine with me.
I'd rather buy a decent product and buy it less often than to consume the icky stuff that they've been using as filler. I'm amazed that this took so long to come to light. It makes me wonder what other surprises might be lurking in the food supply.
Gidney N Cloyd
(19,835 posts)3. "higher hamburger prices could discourage consumer demand for beef drove down cattle futures prices"
My head hurts. If the lack of pink slime 'filler' makes supply of ground beef tighter and the price naturally goes higher due to rules of supply and demand, why would cattle futures prices go down?
I wouldn't last 5 seconds on Wall Street.
benld74
(9,904 posts)4. So the flareups on the grill all these years may not have been ALL beef fat drippings? ugh,,,
Honeycombe8
(37,648 posts)5. Of COURSE higher quality beef will cost more than pink slime. Duh. But I don't eat ANY
of that stuff (beef). Yukeepoo. It causes cancer, clogs arteries, and is linked to a host of ailments. Besides the poor moo cows who are slaughtered inhumanely, and maybe worse, treated inhumanely all their short lives.