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Eugene

(61,899 posts) Wed Mar 28, 2012, 09:58 PM Mar 2012

Cargill 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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5 replies

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Cargill cuts "pink slime" output, sees hamburger price rise (Original Post) Eugene Mar 2012 OP

Sounds fine to me. If I wanted dog food, I'd buy that! freshwest Mar 2012 #1

Fine with me. Laurian Mar 2012 #2

"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!

Reply to Eugene (Original post)

Wed Mar 28, 2012, 10:01 PM

Mar 2012

Laurian

(2,593 posts)

2. Fine with me.

Reply to Eugene (Original post)

Wed Mar 28, 2012, 10:06 PM

Mar 2012

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

(19,837 posts)

3. "higher hamburger prices could discourage consumer demand for beef drove down cattle futures prices"

Reply to Eugene (Original post)

Wed Mar 28, 2012, 10:11 PM

Mar 2012

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,,,

Reply to Eugene (Original post)

Wed Mar 28, 2012, 10:15 PM

Mar 2012

Honeycombe8

(37,648 posts)

5. Of COURSE higher quality beef will cost more than pink slime. Duh. But I don't eat ANY

Reply to Eugene (Original post)

Wed Mar 28, 2012, 10:26 PM

Mar 2012

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.

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