Tag Archives: Livestock

Why stock market bulls are cheering the S&P 500’s close above 4,231

The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.

The S&P 500
SPX,
+1.73%
on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.

“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.

Stocks rose across the board Friday, with the S&P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average
DJIA,
+1.27%
advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite
COMP,
+2.09%
rose 2.1%. The S&P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.

Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.

“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.

What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21 …).

If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.

The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.

He observed that the retracement corresponded to a 65-day high for the S&P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&P 500 but in commodity, bond and forex markets as well.

“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.

Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004 and 2009 all saw decent shakeouts shortly after clearing that threshold.

“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.

See: Stock-market euphoria meets bond-market pessimism as ‘strange week’ comes to end

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WATCH: St Andrew man ‘living in hell’ after neighbour starts livestock farm next door


In this video grab, Paul Daley stands in front of his home in Waterhouse, St Andrew.

KINGSTON, Jamaica – An elderly man says his daily living experience has been transformed into a hellish nightmare after his neighbour began operating a livestock farm next door.

Paul Daley, who is in his early 70s, told OBSERVER ONLINE that since returning to his home in western St Andrew in February 2022, his living situation has become unbearable because of the stench, noise and flies from the farm which houses pigs, chickens and goats.

“I usually go and come. However, because of COVID-19 I was away for a year and a half,” Daley said.

“When I came back in February, I discovered that my neighbour had started a farm with goats, roosters, chickens, and pigs, including some piglets,” Daley added.

According to Daley, the animals grunt and make egregious noises all hours of the day and night.

In addition, Daley said that he is unable to open the windows and doors on the left side of his house as the animal pen is less than six feet from his kitchen and bathroom which are on that side of the house.

“I can’t open my doors or windows on that side of the house due to the stench. I am also attacked by flies as I open my kitchen door. As a result, I have to keep the house locked up and it is incredibly hot,” said Daley.

“The flies have taken over my yard. They’ve taken over my house. It’s a health concern for me. I’m living in hell, honestly,” added Daley.

Actively seeking reprieve from the situation, Daley has reached out to the Kingston & St Andrew Municipal Corporation (KSAMC), the Public Health Department and his local political representative but noted that nothing has brought resolve to the matter.

“The KSAMC has given me a number, I have not heard much from the public health and you know how politics is,” Daley said.

“All I want is some assistance anyway I can get it. I am an elderly man, I just want to enjoy the rest of my life and my property, I have been living in Lamb’s Pen (Waterhouse) since 1958, I moved here with my mom and dad. My neighbours who’ve moved here less than a decade ago are just plainly inconsiderate and selfish,“ Daley added.

OBSERVER ONLINE reached out to the KSAMC’s Senior Director Robert Hill who noted that farm animals should not be raised in residential communities within the municipality, pointing to the Keeping of Animals Act.

Hill further added that it was the remit of the City Inspector Department to deal with the problem.



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These Mutant Rabbits Walk on Two Legs, and Geneticists Now Know Why

A sauteur d’Alfort rabbit walking on its front feet, the result of a genetic mutation.
Photo: S. Boucher

An entire lineage of French rabbits has been doing handstands for nearly a century. The acrobatic bunnies are not so much performing a stunt as they are a product of stunted genetics, according to a paper published this week in PLOS Genetics.

First discovered in a domesticated rabbit living in a Parisian suburb in 1935, the recessive trait is the product of a genetic mutation that could have been hidden in the animals’ genetic code for generations, only to surface then. It’s not a superpower. The rabbit variety—the “sauteur d’Alfort,” or “the Alfort jumper”—is also more likely to develop cataracts and become blind.

“The strain has been kept since then to study ocular malformations and pathological locomotion,” said co-author Miguel Carneiro, a geneticist at the University of Porto in Portugal, in an email. “Rabbits carrying this mutation would not be able to survive long in the wild due to its deleterious effects.”

The bunnies are bipedal and often blind.
Image: Carneiro et al. 2021 (Other)

The rabbits walk on all fours when moving slowly, but in a rush, turn to the handstand method. Now, a team of geneticists have identified the root of all those problems in the breed’s DNA.

Photo: S. Boucher

To figure out the origins of the animal’s abnormalities, the team of geneticists and developmental biologists bred the Alfort jumper with rabbits that hop normally and sequenced the DNA of their descendants. They found the rabbits that ended up bipedal had a mutation on the first chromosome; specifically, a warped gene called RORB, which expresses a protein of the same name.

“With modern technology, it’s straightforward to go from a simple recessive disorder to finding the genes,” said co-author Leif Andersson, a geneticist at Uppsala University in Sweden, in a video call. “The expectation was there was something wrong with the spinal cord, because they don’t coordinate their forelegs and the hind legs.”

Among the Alfort jumping rabbits (perhaps a misnomer, given the bunnies have no hops), this was proven true. The RORB protein is a transcription factor, meaning it has a hand in a number of genes, which all end up being expressed in traits. The proteins are ordinarily produced in inhibitory interneurons that cease communications moving through the body. (Imagine an operator refusing to service your calls.) In the weird-walking rabbits, the interneurons either were less present or completely absent, and, in the latter case, the rabbits would overflex their hind legs, rendering them incapable of hopping.

“What’s happening when you’re moving is that you have these neurons firing all the time, and they coordinate muscle contractions and receive feedback on the balance of the different limbs,” Andersson said. “This coordination of muscle contraction is not correct in these rabbits.”

You can think, the rabbits’ handstand is not itself the mutation, but a workaround to an otherwise debilitating inhibition of the animal’s iconic means of locomotion. Andersson said the two-footed locomotion caused the animals no pain of which he was aware.

It’s not the only animal to experience gait disruption due to genetic mutations. Similar behavior was seen in mice with a RORB mutation, and previous work of Andersson’s found that a mutation in the gene DMRT3 disrupts the gait of mice and horses. (Interestingly, it is that mutation at work when you look at the different gait patterns of certain horse breeds, from Tennessee Walkers to Louisiana Fox Trotters.)

Thanks to genetic science, these mysteries can be decrypted on microscopic scales and could aid in better understanding the communication centers of our own (human) spinal cords, for medical research going forward.

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Animals stranded on 20 livestock ships caught in Suez canal jam

At least 20 ships stuck in the Suez Canal jam are hauling livestock — sparking fears about the animals’ safety on the fourth consecutive day of blocked maritime traffic, according to a report Friday.

The farm-bound vessels — some of which were loaded in Spain and Romania weeks ago —  “all appear to be stuck at various points in the canal,” a spokesman for the tracking website Marine Traffic and other sources told The Guardian.

“My greatest fear is that animals run out of food and water and they get stuck on the ships because they cannot be unloaded somewhere else for paperwork reasons,” said Gerit Weidinger, European Union coordinator for Animals International.

“It’s basically a ticking biohazard timebomb for animals and the crew and any person involved,” she said.

The floating farms have been stranded since the 1,300-foot-long Ever Given became wedged diagonally in the canal near Egypt Monday.

The Ever Given container ship is pictured in the Suez Canal.
Maxar Technologies/Handout via Reuters

Roughly 200 vessels — a Russian war ships, bulk carriers and tankers among them  — are still waiting to be freed from the clogged waterway.

Officials said there were no concerns about the immediate welfare of the animals but Weidinger feared they would die if the journey was delayed much longer.

“Getting stuck on board means there is a risk of starvation, dehydration, injuries, waste build up so they can’t lie down, and nor can the crew get rid of dead animal bodies in the [Suez] canal,” she said.

Stranded livestock ships include the Omega Star and the Unimar which left from Spain in mid-March, according to the outlet, which didn’t specify what kind of animals are aboard.

Five of the vessels picked up animals in Spain, and nine had loaded them in Romania earlier this month, according the NGO Animals International.

Spanish officials said Thursday that they have stopped the transport of livestock to areas where accessing the canal is essential.

“We cannot tell you anything about these ships, but due to the blockage of the Suez canal as a result of the grounding of the cargo ship, the Spanish administration has given orders that no animal transport ships bound for Saudi Arabia and Jordan should be loaded until the canal can be navigated normally,” a rep for the Spanish agriculture ministry said.

There are at least 20 ships carrying livestock that are stuck in the Suez Canal due to the Ever Given.
EPA/Suez Canal Authority

Romanian agriculture officials didn’t return a request for comment, according to the outlet

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Video Game-Playing Pigs Stretch Our Concepts of Animal Intelligence

A Yorkshire pig operating a joystick to move a dot on the screen.
Photo: Eston Martz / Pennsylvania State University

The four pigs came to win. If they played the game well, they got delicious dog food (they used to get M&Ms, but the humans decided those were too sugary). Time and again, when prompted by researchers to complete a video game task—guiding a cursor with a joystick, a sort of rudimentary Pong—they did so with impressive skill.

Researchers began putting pigs on computerized tasks in the late 1990s, and though the results got occasional press coverage over the years, no peer-reviewed research on the experiments has been published until today, with a paper in the journal Frontiers in Psychology. The scientists found that despite dextrous and visual constraints on the animals, pigs were able to both understand and achieve goals in simple computer games.

“What they were able to do is perform well above chance at hitting these targets,” said Candace Croney, director of Purdue University’s Center for Animal Welfare Science and lead author of the paper, in a phone call. “And well enough above chance that it’s very clear they had some conceptual understanding of what they were being asked to do.”

The published research is the long-awaited fruit of some 20 years of labor that began when Croney was at Purdue University, working with the prolific pig researcher Stanley Curtis. The project followed the efforts of two Yorkshire pigs, Hamlet and Omelet, and two Panepinto micro pigs, Ebony and Ivory, as they attempted to move a cursor to a lit area on the computer screen.

Croney with “Omelet” the pig.
Photo: Eston Martz / Pennsylvania State University

“They beg to play video games,” Curtis told the AP in 1997. “They beg to be the first ones out of their pens, then they trot up the ramp to play.”

It was an uphill battle for the swine. The joysticks were outfitted for trials with primates, so the hoofed pigs had to use their snouts and mouths to get the job done. All four pigs were found to be farsighted, so the screens had to be placed at an optimal distance for the pigs to see the targets. There were additional limitations on the Yorkshire pigs. Bred to grow fast, the heavier pigs couldn’t stay on their feet for too long.

“While there may have been some physical limitations to how well the pigs could see the screen or manipulate the joystick, they clearly understood the connection between their own behavior, the joystick, and what was happening on the screen,” Lori Marino, a neuroscientist unaffiliated with the current paper, said in an email. Marino, who directs the Whale Sanctuary Project, has long studied mammalian cognition, intelligence, and self-awareness, including in pigs. “It really is a testament to their cognitive flexibility and ingenuity that they were able to find ways to manipulate the joystick despite the fact that the test setup was often difficult for them to engage with physically.”

“What makes these findings even more important is that the pigs in this study displayed self-agency,” Marino added, “which is the ability to recognize that one’s’ own actions make a difference.”

The pigs were taught a number of commands to make their lives, as well as those of the researchers, easier. They learned directions similar to what you’d teach a dog—to sit, to come, to wait away from their pens when they needed cleaning—as well as to fetch their toys when the work of playing video games was over.

“Ebony” working the joystick with their snout.
Photo: Candace Croney

“At a certain point, they were getting really good at getting their toys and not so good at cleaning up after themselves,” Croney said. “I was becoming pretty much a pig daycare worker, going around and sorting them out. So then we started teaching them to put things back.”

When the research had concluded, the Yorkshire pigs were adopted by the owners of a bed and breakfast, where they lived out their lives on the farm. Ebony and Ivory eventually retired to a children’s zoo. Croney said that even years after the experiments, she went to visit Hamlet, who heard her voice and “came galloping” across the pasture to say hello.

Swine may not have the dextrous fingers of a primate or the doleful look of a puppy dog, but, cognitively, they are firmly in competition. Winston Churchill once said that “Dogs look up to you, cats look down on you. Give me a pig! He looks you in the eye and treats you as an equal.” It’s well past time we give pigs the respect they’re due.

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