CME cattle futures drop, beef processors face big losses

CHICAGO, Jan 7 (Reuters) – Chicago Mercantile Exchange cattle futures tumbled on Wednesday as meatpackers faced major losses slaughtering the high-priced farm animals to make steaks and hamburgers. Cattle prices climbed to record highs last year as the US herd dwindled following a persistent drought that dried up pasture lands and raised feeding costs. Futures…

Read More

US replaces MyPlate with new food pyramid under RFK Jr.’s health agenda: Check recommendations here

United States’ Health and Human Services (HHS) Secretary Robert F. Kennedy Jr., along with the country’s Agriculture Secretary Brooke Rollins, announced new dietary guidelines for Americans on Wednesday, wherein they advised citizens to eat more “real food” and less of highly processed food items and added sugars. The new food pyramid introduced by the US…

Read More