Some of Wednesday's midday movers:» Read More
The day's wholesale price, or cutout, for choice beef hit $212.05 per hundredweight, eclipsing the previous May, 2013 record of $211.37, according to the U.S. Department of Agriculture. USDA pegged prices for select wholesale beef at $209.05 per cwt, almost $2.00 higher than Wednesday's record.
CHICAGO, Jan 8- Prices for select-grade U.S. wholesale beef hit a record-high on Wednesday for the fourth straight day, as shipments of the meat slowed after a historic winter storm in the United States prompted a surge in live cattle prices, analysts said. USDA pegged the select cutout at $207.07 per cwt, up $3.51 from Tuesday.
WALLA WALLA COUNTY, WASHINGTON, Dec 30- The U.S. beef industry's dependence on the muscle-building drug Zilmax began unraveling here, on a sweltering summer day, in the dusty cattle pens outside a Tyson Foods Inc slaughterhouse in southeastern Washington state.
Friday's $133 to $136 price paid by beef packers surpassed the previous record of mostly $132 in late October, according to analysts and economists. Monthly retail price data showed beef last month at a record $5.41 per lb, surpassing the October record of $5.36, according to the USDA's Economic Research Service.
Some of Tuesday's midday movers:
Nov 18- Tyson Foods Inc reported a 28 percent jump in quarterly profit on Monday, helped by higher chicken sales and a rebound in its beef business, and said it expected to benefit from lower grain costs this fiscal year.
*Boeing shares surge after news of Dubai Airshow plane orders. *Sony shares rally on PlayStation sales, pressure Microsoft.
Take a look at Monday's midday movers:
*Sony shares rally on PlayStation sales, pressure Microsoft. "It could be these numbers cause us to stutter a little bit here," said John Manley, chief equity strategist at Wells Fargo Funds Management in New York.
Nov 18- Tyson Foods Inc reported a better-than-expected rise in quarterly profit, helped by higher chicken sales and a rebound in its beef business. Shares of the largest U.S. meat processor rose 4 percent to $30.00 in premarket trade on Monday. Tyson's chicken sales rose 2.4 percent to $3.16 billion in the fourth quarter ended Sept. 28.
Nov 18- Tyson Foods Inc reported a rise in quarterly profit, helped by higher chicken sales and a rebound in its beef business. The largest U.S. meat processor said on Monday that net income from continuing operations rose to $259 million, or 70 cents per share, from $203 million, or 57 cents per share, a year earlier. Sales rose 7 percent to $8.89 billion.
Some of the names on the move ahead of the open.
U.S. stock index futures pointed to a flat-to-higher open on Monday, with stocks in Europe trading cautiously.
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Since 2005, food companies have eliminated over 73 percent of the transfats in their products.
WILMINGTON, Del., Nov 4- Cooper Tire& Rubber Co of the United States and Apollo Tyres Ltd of India should be enjoying a honeymoon. The result is a lawsuit in Delaware's Court of Chancery in which Cooper, which has 13,000 employees worldwide, is seeking a court order to close the deal.
DALLAS, Nov 3- For more than a century, ranchers and their children have paraded cattle around the dusty show ring at the State Fair of Texas in Dallas, in a rite of passage that is part farm economics, part rural theater.
Oct 31- U.S. pharmaceutical giant Merck& Co faces significant challenges bringing its controversial feed additive Zilmax back to market in the United States and Canada, even after a vote of confidence from South Korea on Thursday.
*South Korea currently bans controversial animal feed zilpaterol. SEOUL, Oct 31- South Korea plans to end its ban on the animal feed additive zilpaterol early next year, a senior food ministry official said on Thursday, opening the door to beef imports containing the growth enhancer and its domestic sale.
CHICAGO, Oct 30- Cargill Inc, one of the world's largest beef processors, threw a wrench into Merck& Co.' s plans to reintroduce its feed additive Zilmax, stating it will not accept Zilmax-fed beef into the Cargill supply chain "until we are 100 percent confident the animal welfare issues are resolved."