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Search resuls for: "Steve McGuire"


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Australia's mutton glut sent prices tumbling, and some farmers are culling or giving away their sheep to save costs instead of rearing them on-farm. Mutton prices have slumped 70% over the past year to $1.23 per kg, data provided by Meat and Livestock Australia (MLA) showed. Driving the large sheep flock were three years of above-average rainfall in Australia's sheep regions, such as New South Wales and Victoria. "Farmers have [since] seen a massive fall in profitability … Many sheep may not have a market which could lead to farmers destroying animals," Steve McGuire, vice president of agricultural advocacy group WAFarmers, told CNBC. He added that farmers would much rather give the animals away than cull them, but there hasn't been many takers for the free sheep.
Persons: Tim Jackson, Andrew Spencer, Steve McGuire, hasn't Organizations: Meat, Livestock Australia, Sheep Producers Australia, CNBC, Farmers Locations: Australia, New South Wales, Victoria
The Australian sheep industry is facing a crisis as farmers cull and give away sheep for nothing. AdvertisementAustralian farmers have more sheep than they can cope with and are culling livestock or giving them away for nothing, CNBC reported. With some slaughterhouses at full capacity, farmers are now culling or even giving away sheep for nothing to try to reduce the cost of rearing their flocks. Australia is one of the world's leading exporters of lamb and the current crisis has pushed global wholesale meat prices down. However, sheep ranchers from 15 states have recently moved to limit imports, arguing that Australian lamb has "decimated the United States commercial sheep industry."
Persons: , Steve McGuire Organizations: Australia, Service, CNBC, Livestock, Bloomberg, Livestock Australia, Guardian, United Locations: Livestock Australia, El, Australia, United States
The megadonor revolt at the University of Pennsylvania is getting worse as the Israel-Hamas war intensifies. Penn isn't the only school facing backlash after the Hamas attacks; Harvard University and Cornell University have also drawn scrutiny. As the war with Israel intensifies in Gaza, UPenn's benefactors are slamming the school for its response and actions before and after Hamas' terrorist attacks in Israel. AdvertisementAdvertisementThe billionaire Ronald Lauder followed suit, threatening to stop donating to the university if it doesn't mount a stronger response to antisemitism. And at Cornell University, students are calling for a history professor to be fired after he described the Hamas attacks as "exhilarating" and "energizing."
Persons: Penn, , Clifford Asness, Asness, Liz Magill, Steve McGuire, Marc Rowan, Rowan, Magill, Scott Bok, Dick Wolf, Jon Huntsman, Ronald Lauder, David Magerman, I've, Bill Ackman, Israel Organizations: University of Pennsylvania, Harvard University, Cornell University, Service, Pennsylvania's, Ivy League, Penn, American, of Trustees, Apollo, Daily, Huntsman Foundation, Pershing Locations: Israel, Gaza, Penn, Palestine
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