All Posts Tagged With: "Meat Prices"
High Corn Prices Make Livestock ETFs a Great Profit Play
A perfect storm is gathering that may make investing in a livestock ETF one of the best profit plays for 2008.
According to a report by Bloomberg, cattle prices may rise 13% by the end of the year on the Chicago Mercantile Exchange and Brazil’s Bolsa de Mercadorias e Futuros. More from this story:
Not since 1996, when corn reached what was then a record $5 a bushel, have cattle been this cheap relative to their primary source of feed.
The Largest Freezer in the World
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.”
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