Topps Meat goes out of business following massive recall


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-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 13, 2012: 07:28 AM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

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

BioHealth Investor Headlines

Page Loaded in 1329136122352 ms.