Tuesday, April 26, 2011

SpyCam Story #606 - The Power of One SpyCam

It's a hammer.
The price of cattle market futures seem to have dropped in response to last week’s release of a whistleblower video documenting severe abuse of dairy calves at E6 Cattle Company in Hart, Texas, according to Reuters and the Wall Street Journal...

The Wall Street Journal’s Lester Aldrich wrote, “The video, which has been posted to the internet, pressured live-cattle futures on the Chicago Mercantile Exchange. Traders were concerned its graphic nature would cause a pullback in consumer demand for beef…  

The video helped to push June futures down 1.3% to $1.1565 a pound after the contract hit a two-week high earlier in the trading day.” (more) (disturbing video)