We have no shame here at Notes. When legendary underground investor Jim Rogers makes a call we listen. And we listen good.  Rogers correctly predicted the commodities rally in 1999. And between 1970 and 1980, when he partnered with George Soros at the Quantum Fund, his portfolio made gains of 4,200% when the S&P 500 rose by 47%. To say he’s a legend is an understatement.

Live Nation Buys Ticketmaster; China Inflation Trudging Slowly; MillerCoors Profit Falls 40%; UBS Cuts Jobs, Announces Profitability; Traders Bid up Gold Options; Oil Falls Below $39;WalMart Cuts Jobs at Home Office; Cisco Raises $4 Billion

The Obama ‘mega stimulus’ is making its way through the Senate. Chris Mayer says this is good news for infrastructure firms. He picks five ’shovel ready’ companies set to benefit from the injection of public funds this year.

Two of the top emerging markets are grappling with food production and costs – resulting in higher prices in the months to come. The outlook for China and Brazil could portend higher grain prices, giving investors a chance to cash in on a potential rebound.

Last week I promised that I’d go over some promising sectors in the green market. But the past two articles on the topic generated some important feedback that I’d like to go over with you today.

Corn stocks are expected to plunge to a 13-year low, according to the US Department of Agriculture, setting up a great play in a little-known livestock ETF.

MarketWatch reports that corn stocks are set to suffer because US farmers are cutting back corn acreage this spring to grow more soybeans.

Corn futures for July delivery today closed down 1 cent at $6.2925 a bushel. The contract had ended Thursday’s session at $6.3025 a bushel, an all-time high.

The largest freezer in the world is in Le Mars, Iowa. The freezer is six stories high and shaped like a cube. The local newspaper calls it a “high rise freezer.”

A livestock ETF may not sound like a sexy investment, but it may be a great way to profit from high grain and livestock prices.

AP reports that grain prices ended mixed last week on the Chicago Board of Trade. However, livestock prices rose, with beef and pork futures climbing on the Chicago Mercantile Exchange — a strong indicator that a livestock ETF may be a great way to cash in on the ongoing surge in food prices.

Last night, I had dinner with Gary, an Iowa commodities broker. As we sat down to steaks, Gary told me two large hog businesses had gone under this week in Sioux City. “I saw the banker down at the farm counting livestock heads,” he said. “The banker in this town never leaves his office. It’s the first time he’s ever had to get s**t on his shoes.”

Remember the 1970s? “It was the decade of strikes, electricity shortages and piles of rotting rubbish on the street,” recalls a BBC report. Your editor is old enough to remember homework by candlelight, the three-day week and grim-faced militant union leaders such as Arthur Scargill barking pay demands every night on the TV news.