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Bacon fans welcome a sow on cancer report, though futures take fright

CHICAGO Standing during a beef opposite during a Mariano’s grocery store in Chicago, a half-dozen business bantered with a butchers about a new World Health Organization news joining processed beef to colorectal cancer.

“Give me dual pounds of bacon,” pronounced Roland Marks, 47, a program engineer, rolling his eyes. “I’ll take my chances.”

It is too early for consumer or sell marketplace information to uncover what any longer tenure impacts of a news will be in a United States, or either shoppers will evade a normal Christmas ham this year, contend attention analysts.

So far, open greeting on amicable media has been a transparent opinion in preference of all things sausage and bacon, as hashtags #FreeBacon and #JeSuisBacon assimilated a top-trending topics worldwide on Twitter.

The WHO took to Twitter, too, and also released a matter to stress that a International Agency for Research on Cancer (IARC) examination “does not ask people to stop eating processed meats,” though only indicates that slicing expenditure can revoke a risk of colorectal cancer.

Monday’s WHO news is only a latest blow to a U.S. beef industry, that has seen a years-long downward trend of ubiquitous red beef expenditure in a country, notwithstanding a sepulchral recognition of high-protein trends like a Paleo diet.

Controversies over antibiotic use on plantation animals to fights over duck enclosure sizes, have also heightened open discuss over how a complicated food complement produces meat. Demand for organic products is flourishing and duck sales are rising, in partial due to reduce sell prices and open health warnings over high-fat foods.

Whether a WHO news will prompt a beef attention – in particular, bacon, sausage and other processed beef makers – to change their businesses going brazen stays unclear.

But there were some signs this week that a WHO news has rattled stock markets.

Lean sow futures prices on a Chicago Mercantile Exchange fell roughly 7 percent this week in a heavily traded Dec contract.

Prices for pig bellies – a cut of a pig used to make bacon – took a some-more thespian tumble, to their lowest turn given Jul on Friday, during $130.31 per cwt, or hundredweight, and a distant cry from this summer’s rise cost of $175.55 per cwt, seen on Aug. 12.

Livestock analysts pronounced partial of a cost dump was anniversary following a finish of a summer bacon-lettuce-tomato sandwich demand. Prices, too, are descending amid a bolt of pig bellies, partly a outcome of a attention aggressively rebuilding a sow herds after a lethal hog pathogen killed approximately 10 percent of a U.S. pig race between 2013 and 2014, contend stock analysts.

But a astringency of a cost dump had some stock marketplace analysts blaming a downturn on a WHO report.

“This marketplace was in plain figure a week ago,” pronounced Dennis Smith, a attorney with Archer Financial Services in Chicago, observant that by Thursday indiscriminate ham prices had also dropped, down 20 cents per bruise given a news came out.

“The consumer maybe hasn’t even reacted yet, though a futures marketplace is revelation we a greeting is going to be a negative,” Smith said.

(Reporting by P.J. Huffstutter and Theopolis Waters; Additional stating by Michael Hirtzer in Chicago and Crispian Balmer in Rome, Italy; Editing by Leslie Adler)

Article source: http://www.reuters.com/article/2015/10/31/us-health-meat-idUSKCN0SP00D20151031

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