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iPath Bloomberg Livestock SubTR ETN Message Board

  • charles40 charles40 Apr 1, 2011 4:22 PM Flag

    33.04 new closing high

    new multi yr closing high
    33.04 just off 5 cents from day high.
    new multi yr interday high 33.09
    lets do a little math here.
    in the 60's the price of a new pick up
    was $1700, same as the price of good head
    of beef. today, a new pickup is what-$22k
    yet a good beef steer is 1500. looks like
    the price of beef could quadruple with no
    problem, and still be 1/3 the price of a truck.
    japan and korea deals loom. cattle are
    a lot more trouble/expensive to raise than
    corn--i think most farmers/ranchers said hey
    lets use the money to plant corn and skip
    the beef this yr. An american prime steak
    coming to a table near you at a --kobe--
    price. look for a good prime strip/filet/
    prime rib dinner to approach 100 dollars
    at a nice restaurant near you. look backs,
    yes, there will be a few, but the entire
    world has tasted protein, and they liked
    it, and want more. get along little doggy!!!!

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19.10+0.04(+0.21%)8:00 PMEDT