AOL Money & Finance

Topps Meat goes out of business following massive recall

More

Topps Meat, whose frozen burgers have been a staple at backyard cookouts for generations, is closing its doors following a massive recall. Meanwhile, Wal-Mart Stores Inc.'s (NYSE: WMT) Sam's Club chain pulled a brand of beef patties from its shelves four children reportedly got sick.

This is unbelievable. The federal government has got to do a better job of ensuring the safety of our food supply. The Topps Meat recall is particularly disturbing since the meet in question was made in LATE JUNE AND JULY. Why did the 21.7 million pound recall -- which ABC news estimates is enough meet to make a McDonald's (NYSE: MCD) regular hamburger for every U.S. adult -- take so long? It was the second-largest beef recall in U.S. history, according to the Associated Press. To make matters worse, government officials say they don't know the "source of the E. coli contamination that appears to have sickened 32 people who ate its hamburgers," the AP said.

Though I don't expect the ranks of vegans to swell because of this massive recall, it may push more people to buy organic beef, which should help the likes of Whole Foods Markets Inc. (NYSE: WFMI) and Trader Joe's. Wal-Mart and big supermarket chains such as Albertsons may be encouraged to buy more meat from organic producers, such as Laura's Lean Beef, which don't use antibiotics or growth hormones.

Something has to be done or these recalls will continue.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA+44.2910,291.26
NASDAQ+15.822,166.90
S&P 500+5.501,098.51

Last updated: November 12, 2009: 01:50 AM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

    BioHealth Investor Headlines

    WalletPop Headlines

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance

    WalletPop Headlines