Screwworm Cases Rise To 4 In Texas—Here’s How It Could Drive Up Beef Prices
DOGE cut funding for the New World screwworm monitoring program and then reportedly ignored ranchers warning the parasite was working its way to the U.S.
"BEEF" · 총 84건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 86,907건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,457건(5.1%)·중립 80,272건(92.4%)·부정 2,178건(2.5%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 15.3(중도 균형)입니다.
DOGE cut funding for the New World screwworm monitoring program and then reportedly ignored ranchers warning the parasite was working its way to the U.S.
[IPS] Srinagar, India -- A new report has found that billions of dollars linked to illegal deforestation are flowing through global supply chains, with secrecy around land ownership and company records helping timber, soy, and beef products enter international markets unchecked.
They are also behind Wok Hey’s sister brand, Niku Iku, which just opened its first dine-in outlets serving yakiniku bowls with beef and unagi.
As is tradition, the day of the budget announcement remains a non-event for many consumers, who know that the finance minister’s speech in the National Assembly will bring little in the way of relief, focusing instead on praising the government’s past measures and setting new budgetary and revenue targets under pressure from the International Monetary Fund (IMF). However, this year’s budget carries greater significance, as consumers are already struggling to make ends meet amid heightened geopolitical tensions in the Middle East. Higher freight and insurance charges imposed by shipping lines following the US–Israel and Iran conflict have pushed up the cost of production. Some manufacturers have tried to absorb this cost pressure, while others have simply passed the burden on to consumers. This has been partly cushioned by relative stability in the rupee–dollar parity; otherwise, the situation would have been far more alarming. Prospects for strong industrial growth remain constrained under the current IMF programme, as fiscal consolidation and revenue generation continue to be key priorities Consumers are curtailing petrol and diesel purchases due to unaffordable prices. Monthly petrol and diesel sales are not showing any growth despite rising bike and four-wheeler sales. During 11MFY26, petrol and diesel sales stood at seven million tonnes and 6.35m tonnes, showing a marginal year-on-year (YoY) rise of two per cent and 1pc, respectively. Cost pressures set to persist Senior Vice President, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Saquib Fayyaz Magoon, said that Prime Minister Shehbaz Sharif, during a recent meeting with the business community, indicated that the upcoming budget is expected to focus on export-led growth. However, ‘significant relief on essential commodities appears unlikely’. The government is targeting a revenue collection of around Rs15.2 trillion for FY27, suggesting the introduction of additional taxation measures to meet fiscal objectives. The continued phasing out of subsidies under the IMF programme could increase the cost of goods and services, adding further pressure on consumers, he said. “A reduction in the 18pc GST also seems difficult given the government’s commitment to achieving IMF revenue targets,” Magoon said, adding that while some sector-specific incentives may be announced, “broad-based relief on essential items and petroleum products appears limited despite changing market dynamics arising from the Middle East conflict.” SVP FPCCI said prospects for strong industrial growth remain constrained under the current IMF programme, as fiscal consolidation and revenue generation continue to be key priorities. CEO Top Line Securities Mohammad Sohail said “under the IMF programme, it looks difficult that the government can provide any major relief.” Increase in wages, lower tax rate on people earning less and more direct subsidies may help to some extent, he said, adding that “major relief can only come through diesel and petrol prices, which are affected by the Middle East war.” President Karachi Chamber of Commerce and Industry (KCCI), Rehan Hanif, while commenting on the possibility of relief for the salaried class in the upcoming Federal Budget, stated that meaningful and sustainable relief can only be achieved if the government shifts its entire focus towards broadening the tax base instead of further burdening the existing taxpayers, including the salaried class. The salaried class has become one of the most heavily taxed segments of society despite having no opportunity to conceal income, as taxes are deducted at source. He cautioned against any increase in the GST, warning that even a one-percentage-point increase could trigger a fresh wave of inflation, raise the cost of doing business, increase production costs, and further diminish the purchasing power of consumers, particularly low- and middle-income groups. President KCCI said, “the revenue required for providing relief to the common man can be generated through plugging leakages and eliminating tax distortions rather than imposing additional taxes.” The government can still provide meaningful relief to the public by rationalising indirect taxes, reducing unnecessary duties on essential commodities, curbing inefficiencies in the supply chain, and ensuring that any benefit arising from lower international commodity prices is promptly passed on to consumers, the KCCI chief said. Inflation can be effectively controlled through improved market oversight, reduction in transportation and energy costs, and by minimising the cascading impact of excessive taxation on the cost of goods, he said, urging the government to refrain from imposing additional petroleum levies or other indirect charges that unnecessarily inflate fuel costs. President Karachi Wholesalers Grocers Association (KWGA), Rauf Ibrahim, said the government is unlikely to provide any big relief to the consumers in the shape of GST reduction or other taxes on various commodities due to the IMF’s pressure to increase tax collection, while the economy is already under pressure due to stagnant exports and rising imports. Rising prices A general price survey before the previous and current federal budgets reveals a steep rise in wheat and flour varieties despite the arrival of Sindh and Punjab crops in March/April. As per data from the Sensitive Price Index ending June 4, 2026, versus June 4, 2025, a 10kg wheat bag is now available at Rs 1,095 versus Rs653, resulting in a price hike for various roti varieties by Rs2 to Rs10 per piece. Sindh Minister for Food Makhdoom Mehboob Uz Zaman, on June 2, 2026, took notice of the increase in bread and flour prices in different parts of Sindh and directed the Sindh Food Department and concerned district administrations to submit a detailed report on flour prices, wheat stock positions, supply chain issues, and any possible hoarding or profiteering in the market. He said Sindh has produced a bumper wheat crop this year, and there is no justification for creating panic in the market. Similarly, the prices of beef with bones and mutton have risen to Rs1,000–1,550 and Rs1,800–2,900 per kg, respectively, from Rs800–1,400 and Rs1,600–2,450 per kg, while exports of meat and meat preparations to the Middle East and other regions continue amid the ongoing conflict in the region. Published in Dawn, The Business and Finance Weekly, June 8th, 2026
The Cockroach Janta Party (CJP) founder Abhijeet Dipke vows to continue protests until Union Education Minister Dharmendra Pradhan resigns. Following a large demonstration at Jantar Mantar, Dipke announced plans to expand the agitation nationwide, demanding accountability for alleged examination and recruitment irregularities. Security has been heightened at Dipke's residence.
Earlier, 11 security personnel were deployed; now the number has reached 15; the deployed staff is from the local police station as well as the city police headquarters, said an official from MIDC Waluj police station
• Prices stay high despite export disruptions • Beef hits Rs1,500-1,800 per kg, mutton Rs2,700-2,900 KARACHI: Amid disease outbreaks, export suspensions, volatile market conditions and rising feed and production costs, the poultry sector has continued to grow by eight per cent annually over the past 10 years. Higher prices for poultry might cause a slowdown in the purchasing patterns of low- and middle-income people, but they still rely on poultry as it costs much less than beef and mutton. As per the Economic Survey FY25, rural poultry had shown modest gains, but commercial production remained the main growth driver. After remaining on the higher side, poultry live bird prices have fallen by an average Rs100 per kg to Rs370-420 per kg in Karachi after Eidul Azha. Consumers were expecting a further price drop in the wake of the closure of borders with Afghanistan, but the prices of poultry continued to show an upward trend. In October 2025, when the Afghan border was closed, the live-bird price had fallen to Rs310-360 per kg, down from Rs460-540 in September. However, according to traders, the export of poultry products such as birds, feed, day-old chicks and eggs remains suspended, but consumers have not seen any significant price falls. Prior to and after Eidul Azha, the demand for poultry usually declines as consumers shift towards meat from sacrificial animals, but this year traders kept chicken prices higher due to robust demand ahead of Eid. According to the weekly Sensitive Price Index (SPI) data for the period ending June 4, the prices of live birds in various cities across the country remained unchanged at Rs288-460 per kg. Consumers have seen the price of an egg drop to Rs20-22 from Rs25, as demand is thin due to school closures and hot weather. The Commissioner of Karachi had issued retail rates for live birds and meat at Rs296 and Rs445 per kg, respectively, but these rates are not available in shops. Member of the Executive Committee of the Pakistan Poultry Association (PPA), Kamal Akhtar Siddiqui, said the farm rate for live birds had plunged by Rs100 to Rs290-300 per kg after Eid, while the meat rate should not exceed Rs500 per kg, but retailers are charging over Rs500 per kg. He said chicken remains affordable despite the impact of the Afghan border closure and the Middle East crisis, which also led to the suspension of poultry product shipments to Iran. Veal meat with and without bones is available at Rs1,500 and Rs1,800 per kg, while mutton is priced at Rs2,700-2,900 per kg, which is beyond the reach of many people. Compared with red meat, chicken is still affordable for many low- and middle-income people, he said. Mr Akhtar said that demand for chicken has currently dropped after Eidul Azha, as consumers’ freezers are packed with Qurbani meat. Demand will pick up when sacrificial animal meat is fully consumed. No price respite Irrespective of the rise and fall in rates due to the demand and supply situation, consumers have not seen any respite in the prices of chicken tikka and broast, seekh kabab, boneless boti, and Chinese dishes. The average price of half kg chicken karahi is Rs1,200 while the average price of quarter broast (chest piece) is tagged at Rs500. At branded outlets, the price of quarter broast is over Rs600. There is no change in the price of chicken biryani, selling between Rs250-320 (single plate). Average price of chicken tikka (leg and chest piece) is available at Rs360-400 but some big food outlets charge Rs500-600 per tikka. A zinger burger costs not less than Rs500. Mighty zinger and chicken burgers offered by branded outlets carry a price of Rs600-800. As per Economic Survey FY25, the average annual growth rate of poultry sector is 8.1pc over past 10 years. The survey said the total poultry bird population was projected to reach 2.26 billion, driven primarily by commercial broiler expansion, estimated at 2.06bn birds. Similarly, day-old chick production was expected to rise by 9.8pc to 2.19bn, indicating robust forward integration in the breeding and hatchery segments. Poultry meat production was forecast to grow to 2.58 million tonnes, up by 9.4pc Egg production was also expected to reach 26.7bn, reflecting improvements in layer performance and flock management. Poultry meat accounts for over 40pc of Pakistan’s total meat production. The industry, being the 11th largest producer in the world, employs over 1.5m nationwide. Published in Dawn, June 7th, 2026
The benchmark measure for world food commodity prices remained broadly stable in May, as declines in vegetable oil quotations offset increases in those for cereals and sugar, according to new data released by the Food and Agriculture Organization of the United Nations (FAO).
OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments.But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices.Also read: OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources sayWith the crucial Strait of Hormuz shut since US and Israeli attacks on Iran in late February, oil prices have nearly doubled, igniting inflation pressures worldwide.Ministers from the 21 member states of OPEC+, the main oil producing nations and their allies, are holding their quarterly meeting online.The group is likely to beef up its production quotas by "188,000 barrels a day", said Jorge Leon, analyst at Rystad Energy, similar to recent increases. But in reality, only seven members -- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman -- have the capacity to do so.Dwindling supply Tehran's threats of retaliatory attacks to US and Israeli strikes have virtually blocked the vital Strait of Hormuz, through which roughly a fifth of global oil and gas supplies normally pass.That is equivalent to about 20 million barrels a day. But with key Gulf producers shut out of the global market, pledges to raise output in a bid to ease spiralling prices are unlikely to sway traders. "Any announced production increases or changes to output targets will have limited practical value," said Ole Hansen, a commodities analyst at Saxo Bank."There is very little OPEC can do," he told AFP.OPEC+ itself says daily production has plummeted to just 33 million barrels a day as tankers remain stuck, compared to nearly 43 million before the conflict.A US blockade on Iranian ports means "it will be even less than that" in reality, said Homayoun Falakshahi, head of crude oil analysis at data firm Kpler.Also read: Oil prices fall on mounting hopes for de-escalation in US-Iran WarUAE slams the door The United Arab Emirates' recent decision to quit OPEC further saps away at the cartel's influence, given its huge excess production capacity.And Abu Dhabi has made clear it wants to boost output."They don't want to be dictated to, they want to maximise their revenues," said Lawrence Haar, a lecturer in finance at the University of Brighton in England. And the cartel risks seeing other countries follow the UAE's example."If Iraq were to leave, it could mark the end of OPEC+," Falakshahi said.Saudi Arabia, by far the cartel's most influential member, "is going to do what it takes to stop anyone else from leaving," Falakshahi predicted.That could translate into more flexible output quotas or decreased penalties for any excess production.But "for now, the compensation framework has effectively become irrelevant due to widespread production shut-ins," Hansen said.As a result, the Iran war has largely neutralised the cartel's stated mission "to secure an efficient, economic and regular supply of petroleum to consumers, and a steady income to producers". For Falakshahi, the only factor limiting further oil price spikes at the moment is China, "which is buying less oil than normal" by tapping into its vast strategic reserves.
LUBBOCK, Texas/SALTILLO, Mexico, June 6 - Lubbock Feeders has been fattening cattle in West Texas since Dwight Eisenhower was U.S. president. Now, row upon row of pens sit empty.
“THOSE who gorge themselves on usury behave but as he might behave whom Satan has confounded with his touch; for they say, ‘Buying and selling is but a kind of usury’ — the while God has made buying and selling lawful and usury unlawful. … If, however, [the debtor] is in straitened circumstances, [grant him] a delay until a time of ease… .” — Surah Al-Baqarah, translation by Muhammad Asad. Islamic banking started in Pakistan in 1979 and by 1985, commercial banks had stopped using the word ‘interest’ and used ‘mark-up’ instead. But with time it was apparent this kind of ‘Islamic’ banking wasn’t really Islamic and was just a name change from ‘interest’ to ‘mark-up’. Pakistan’s modern Islamic banking began in 2002 when the first new fully Islamic bank started working. Since then Islamic banking has rapidly grown and now there are many Islamic banks. Islamic banks have turned out to be more profitable and there is considerable demand among Pakistanis to conduct their banking as prescribed by Islam. Islamic banks now have Sharia boards that rule whether any banking facility is Sharia-compatible and the State Bank of Pakistan (SBP) also has a Sharia advisory committee. We have also progressed from merely banking and now the government issues sukuks (long-term bonds backed by assets), we have Islamic leasing, called Ijara, and Islamic insurance, called Takaful. We should examine how close to Quranic edicts is Islamic banking. Next year as we celebrate the silver jubilee of the Islamic banking industry, we should examine how close to Quranic edicts is Islamic banking and whether it has grown closer to Islamic ideals. A company can borrow from a secular commercial bank running finance for its working capital needs and long-term finance for its project financing needs. From the Islamic bank it will get Musharakah financing or Murabaha and Istisna financing. For an example of Istisna financing assume a company wants a loan for buying cotton. The bank will buy cotton for Rs10 million and sell it to the company for Rs11m with payment due in one year, or for Rs10.5m for payment due in six months. The bank doesn’t actually buy the cotton or sell it to the company. There is, however, paperwork to pretend this has taken place. The profit the bank makes depends entirely on the policy rate set by the SBP. When the policy rate is high, the bank’s profit is also equally high. In Musharakah financing, the profit an Islamic bank charges the company also depends on the SBP’s policy rate. Typically, if the interest rate charged by commercial banks is two per cent above the SBP’s policy rate, the profit rate required by Islamic banks is also the same. If during the tenor of the loan the policy rate is increased by the SBP, the profit rate is increased by Islamic banks by a similar amount. Just as commercial banks get their interest from the client whether the company is incurring a profit or a loss, Islamic banks also have no downside when a client loses money. Except for default or restructuring, no Islamic bank has ever made a loss because its borrower was losing money. This then seems distinct from trade-based, risk-assuming lending that Islam envisions. For instance, a priori people would think that under Islamic banking’s Istisna financing if a company borrows money for buying 1,000 bales of cotton, it should return the money for a 1,000 bales of cotton, no matter what the new price of cotton is. If the value of cotton has increased, the bank will make a profit and if it has decreased, it will lose. But it will not get a fixed interest-based ‘profit’ no matter what happens to cotton prices. Similarly, under Musharakah financing people would think that if the company is making profits, Islamic banks should also make a profit but not if it’s losing money. Otherwise, it is just like secular banks with Arabic names for loans. With the current practice of Pakistani Islamic banks, the benefits of having trade-based Islamic banking are lost and banks don’t have an incentive to seek and give loans to companies that have great ideas and products. If the profit is fixed at exactly the rate of interest, like it is in commercial banks, then we lose the barkat of Islamic banking. Up until last year, the SBP required banks to give a minimum interest to depositors. But Islamic banks objected that giving fixed profits to depositors would violate Islamic principles. However, the same Islamic banks are quite happy to charge their customers fixed profits based on the SBP’s policy rate. This dichotomy meant that customers of Islamic banks were getting less profits on their deposits than those given by commercial banks even as Islamic banks made more profits than others. Islamic banks were increasing people’s cost for being good Muslims. Even today, Islamic banks give lower profits to their depositors. This goes against the Islamic admonition of exploitation. When a borrower is late in paying loans or interest/ profit, both Islamic and commercial banks charge you penal interest (which is against the ayat I quoted above) but whereas commercial banks keep this profit, Islamic banks give up that profit as charity. One has to say that the difference between Islamic and commercial banks is more in nomenclature and less in substance. Bankers and economists know this but don’t say it in the hope that Islamic banks will eventually inch closer to true Islamic banking. However, it is unfortunate that even after decades this migration is non-existent. Perhaps it’s because ‘Islamic’ banks are more profitable and don’t want to exit a comfortable business model. Islamic bankers give the example of eating beef to justify Islamic banks. They say if you eat non-zabiha beef it is wrong but the same beef is halal if slaughtered properly. The example is powerful but not applicable as Islam has not prohibited eating beef, it has just prescribed a way of slaughtering cattle. The prohibition of interest is more like the prohibition of drinking wine. It doesn’t matter whether it is consumed out of a teacup or a wineglass; the prohibition stays. Similarly, while trade is allowed in Islam, interest is prohibited even if you give it Arabic names. We must endeavour to bring Islamic banking closer to the tenets of Islam — variable profits and risk sharing. The writer is a former finance minister. Published in Dawn, June 6th, 2026
The average price of a pound of ground beef hit a record average retail price of $6.90 last month, up around 19% from a year ago.
Lee Sung Jin, the creator, executive producer and director of “Beef,” and Jason Bateman, who executive produced, directed and starred in “Black Rabbit,” sat down with Variety’s Clayton Davis to discuss their directing techniques and stylistic choices. Variety moderated this conversation in partnership with Netflix. Lee – who directed one episode in “Beef” Season 1 […]
Say hello to pasture-perfect skin.
Fast food chain Steak n’ Shake is touting its political prowess after the Republican candidate it endorsed for Iowa governor defeated a challenger backed by President Trump. The restaurant posted on social platform X that it is "100% in political predictions, just like we are serving 100% grass-fed Steakburgers and 100% beef tallow fries. We...
There's some beef in Howard Beach.
In between beef tallow fries, raw milk, and vaccine denialism, Make America Healthy Again figureheads have set their sights on another slice of life: our clothing. "The MAHA movement doesn't stop with what we EAT - It's also about what we WEAR," Secretary of Agriculture Brooke Rollins said in a post on X in late […]
Beef striploin cuts saw the largest price increase, up by 29% compared to last year