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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Sdgla who wrote (1173109)10/23/2019 11:32:49 AM
From: Thomas A Watson  Respond to of 1577883
 
The real cause of global warming has finally been identified. Wow such a perfect match with temps. OH MY.



(Bloomberg) -- America is sitting on a mountain of uneaten bacon.

More than 40 million pounds (18,000 metric tons) of pork bellies, the cut used for bacon making, were sitting in refrigerated warehouses as of Sept. 30, according to U.S. government data released Tuesday. That’s the most for the month since 1971.

The overhang came after a build up in the American hog herd. Pork output surged over the summer months and through September, said Dennis Smith, senior account executive at Archer Financial Services Inc. Bellies have seen a magnified inventory increase because demand is mostly domestic, unlike cuts such as ham, for which overseas buying can help reduce reserves.

Hog producers started building up their herds in anticipation of more demand for meat imports from China, where African swine fever has killed millions of pigs. The U.S. herd swelled to 77.7 million head. as of Sept. 1, a record for the month and the highest since 1943 considering all periods, the most recent U.S. Department of Agriculture data show.

So far, that’s mostly led to an excess for U.S. supplies. But the glut could be short-lived if recent Chinese buying is any indication. Export sales of American pork have soared to weekly records, buoyed by purchases from the Asian country.

U.S. Pork Exports Hit Record on Demand From China, Mexico

China mostly buys carcasses, which they then process domestically, rather than individual cuts of pork. Of course, the belly goes over with the whole hog.

“The theory is, if we continue to export split carcasses to China, it’ll create a belly shortage,” Smith said.

To contact the reporters on this story: Lydia Mulvany in Chicago at lmulvany2@bloomberg.net;Dominic Carey in Washington at dcarey5@bloomberg.net

To contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Millie Munshi, Patrick McKiernan

For more articles like this, please visit us at bloomberg.com



To: Sdgla who wrote (1173109)10/23/2019 2:14:25 PM
From: Wharf Rat3 Recommendations

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  Read Replies (4) | Respond to of 1577883
 
Scaramucci Predicts Trump Will Be Forced Out
Political Wireby Taegan Goddard

Anthony Scaramucci predicted to Vanity Fair that President Trump “will be out of office before the next election.”

Said Scaramucci: “In the next three to six weeks, there will be more damning information related to the president… He’s aware of it. I believe that McConnell will eventually go to him and say, ‘Hey, man. You’ve gotta take one for the team… you’ve gotta go back.’ He’ll probably end up back at Mar-a-Lago or something.”

He added: “We’ll eventually uncover that something happened between him and the president of Turkey to have him disavow the Kurds the way he did. I believe there’s a personal transaction embedded there as well.. I do believe he’s cornered now, and as the facts unfold, they’re so overwhelming in their criminality that he’ll be out of office.”