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iPath Bloomberg Livestock SubTR ETN Message Board

  • napking29 napking29 May 10, 2011 1:03 AM Flag

    Meat prices going up.

    Get in now. Grain and transport getting costly....

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    • Australian News.Net
      Thursday 10th March, 2011
      Cattle futures jumped this week to a record in Chicago.

      Cattle prices have risen 27% in the past year, fueled by a global economic recovery and demand for the commodity in large countries, such as China.

      With demand rising for US beef, futures buyers recognised that the US cattle herd is the smallest since 1958.

      Rising corn prices also boosted beef prices as producers paid more for livestock feed.
      Would be nice to see COW reflecting this!!!

    • Cattle Futures Are at a Record High
      Posted Mar 10th 2011 10:20AM by Connie Madon
      Filed under: International Markets, Forecasts, Commodities

      Here is the link

    • It seem to have some buying since last week. However COW as not really move up. We need to get back above 31$ Otherwise we are going south to 28$

      • 2 Replies to stephanecaron
      • dcpayne1 May 17, 2011 11:30 PM Flag

        Analysts predict that meat prices will reach such record highs this spring that consumers may refuse to buy meat.

        By Liz Miller

        On Monday, financial analysts at Bloomberg L.P. predicted that meat prices are set to reach record highs as early as June, and that many consumers may reduce their meat consumption as a result. The sharp spike in retail prices is due to factory farms reducing their slaughters to the smallest size in decades, a move that was forced by increasing feed costs connected to the need for more ethanol. Researchers estimate that domestic meat supply may plummet to a 13-year low as a result of the push by former President George W. Bush to increase ethanol levels. With the unemployment rate nearing a 26-year high, analysts expect consumers to shy away from exorbitantly overpriced meat products.

      • dcpayne1 May 10, 2011 12:53 PM Flag

        Steph, you of course, are correct. I want to see this contract clear the programmed selling that hits this market at 29.80 (every single time).. then we can take a crack at assaulting the 30.50 area... beyond that.. it's sideways.. I am still confident that commodities have more room to run on the upside prior to getting slammed and meat is going to get some seasonal support. Let's take it one day at a time. When the floor traders run this puppy, they'll suck a lot of short covering and perhaps some fresh buying.. it could be fun. Good analysis on your part. dcp

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