Cockroach Farms Thriving in China
Oct 15, 2013
We often criticize Americans for spending money foolishly. Like those concocted caffeinated beverages that are way over-priced with names like Pumpkin Spice Latte or Chocolate Chai Tea Latte. Then, we read this article about the Chinese spending $20 per pound for cockroaches. Li Shunan, a professor of traditional medicine, told the LA Times, "I lost my hair years ago. I made a spray of cockroaches, applied it on my scalp and it grew back. I've used it as a facial mask and people say I haven't changed at all over the years." But Liu Yusheng, head of the Shandong Insect Industry Association, worries about the "rapid growth of an industry with too many inexperienced players and too little oversight." Seems like a legitimate concern.
Cattle Prices Poised to Break Records this Week
Showlist cattle are priced at $130 per cwt. and higher at feedyards this week. Will packers bite? There're plenty of reasons to suggest they will, but also a growing concern that retail beef prices have found a resistance point from consumers. Feeder cattle remain the hottest commodity in the cattle complex, and in shortest supply.
Food Stamp Shopping Spree
A power outage in Louisiana temporarily lifted the caps on food stamp spending cards, which created chaos at local Walmart stores on Saturday evening. Springhill, LA, Police Chief Will Lynd said, "It was definitely worse than Black Friday. There was no food left on any of the shelves and no meat left." Louisiana officials are trying to decide what to do, if anything, about the incident.
South Dakota Opens Two Disposal Pits for Cattle Carcasses
Two 20-foot-deep disposal pits opened in western South Dakota on Monday to help ranchers dispose of livestock carcasses from the October blizzard. Animal Industry Board rules require the carcasses to be burned, buried to a depth of four feet or disposed of by a licensed rendering plant within 36 hours. That timeframe, however, has been waived by Governor Dennis Daugaard.