• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Agriculture / Cheaper meat for consumers; lower prices for farmers

Cheaper meat for consumers; lower prices for farmers

December 30, 2003 By admin

The nation’s cattle-futures markets are likely to continue a down trend today. Even as investigators became increasingly certain the first and only case of Mad Cow disease in the U-S came from Canada, live cattle futures fell Monday. Late last week, contracts for live cattle and feeder cattle on the Chicago Mercantile Exchange fell the limit. Rules limit any one-day dump or drop to three cents a pound, and as a result, trading shut down within minutes of the open. The trading limit was increased Monday, allowing prices to fall by as much as five cents a pound. But markets usually trade thinly over the holidays. And beef prices have been at historic highs for months now with strong exports and high-protein diets helping fuel continuing domestic demand. The abrupt closing of some overseas markets is likely to mean lower prices for farmers but also cheaper beef at the meat counter. Stocks that fell after the Mad Cow news are already rebounding for McDonalds, Outback Steakhouse and Tyson Foods, and lower beef prices will help other restaurants that have struggled for months with the high price of menu items.

Share this:

  • Facebook
  • Twitter

Filed Under: Agriculture

Featured Stories

Bill would limit placement of solar arrays on farm ground

Marquette casino moving to land, leaving only 2 casino boats in Iowa

Reynolds signs her ‘school choice’ bill into law

Governor Reynolds touts 2024 Iowa Caucuses in Inaugural Address

University of Iowa grad presiding over U.S. House Speaker vote

TwitterFacebook
Tweets by RadioIowa

No coaching changes coming for Iowa football

Iowa State names new receivers coach

No. 2 Iowa visits No. 1 Penn State in wrestling dual Friday night

Iowa’s Clark brings increased exposure to women’s basketball

No. 18 Iowa State women visit TCU

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC