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“We will need those medically important antibiotics in meat production for a long, long time,” Smith said custom cufflinks for groom uk online. “We want to use those wisely.”. The U.S. Food and Drug Administration last year said sales and distribution of medically important antibiotics for food production fell 14 percent from 2015 to 2016, the first decline in year-to-year sales since the agency began collecting the data in 2009. Chicken accounted for 6 percent of the sales, while swine and cattle came in at 37 percent and 43 percent, respectively..

Many restaurants and meat companies have moved away from using antibiotics in chicken production in recent years, in part because McDonald’s did so. The Chicago-based chain has an outsize influence on farm practices due to its size custom cufflinks for groom uk online. Removing antibiotics from cattle is more difficult, experts said, because the animals live longer than chickens and have more chances to fall ill. Hamburger chain Wendy’s Co a year ago said it would buy about 15 percent of its beef beginning in 2018 from producers that have pledged to reduce by 20 percent their use of an antibiotic..

NEW YORK (Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor’s 500 Index is likely to go below its February 2018 lows custom cufflinks for groom uk online. Gundlach said global economic growth is slowing and weighing on corporate profitability, which will pressure U.S. stocks. But another dynamic that has been adding to the sell-off in equities is the unwind of the Federal Reserve’s massive balance sheet, he said. Gundlach, who oversees more than $123 billion in assets and known on Wall Street as the Bond King, said there has been a high correlation between central bank balance sheets and the global equity markets..

With the Federal Reserve shrinking its balance sheet, which quintupled in size after the financial crisis, the equity markets have mirrored that and dropped, Gundlach noted. “The breadth of the decline in the global equity market is pretty powerful,” he said. Gundlach, citing an Atlanta Fed research study, calculates $600 billion of Federal Reserve asset unwind is equivalent to three interest rates hikes custom cufflinks for groom uk online. “Maybe that is what really has gotten things in the wrong way,” Gundlach said about the S&P sell-off. “The stock market has been following the Fed’s shrinkage of the balance sheet of quantitative tightening to the downside.”..

The intraday low for the year in the S&P .SPX was on Feb. 9, when it bottomed at 2532.69. The low close for the year was on April 2 at 2581.88. Tuesday, the S&P closed at 2636.78. “Many equity markets are down over 20 percent, which some people call a bear market,” Gundlach said custom cufflinks for groom uk online. “I don’t really define bear markets as a certain fixed arbitrary percentage. I think of it more as mood. And certainly, the set up for the equity markets look like a bear market going into the middle of this year..the global equity market which is strongly in a bear market at the present time.”..