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We have yet another food product to add to the inflation list. This time it's cattle. Cattle futures on the Chicago Mercantile Exchange closed at an all-time high of $1.1752 per pound, as reported in the Wall Street Journal.

Beef is a in a special category. Unlike grains, which are harvested yearly, it takes about three years to raise cattle and bring them to market. High grain prices and high exports have shrunk the size of herds. They are at their lowest levels since the 1950s. With prices so high, some cattle ranchers choose to slaughter their cattle rather than let them mature to full term. These young cattle are called feeder cattle.

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Cattle Futures Are at a Record High originally appeared on BloggingStocks on Thu, 10 Mar 2011 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>beefbeef pricescattle futurescommoditiesexport marketfeeder cattleinflationinthenewsporkpork pricesrising pricessupermarketThu, 10 Mar 2011 10:20:00 EST<![CDATA[Harsh Winter Spurs Sharp Rally in Beef Prices]]>http://www.bloggingstocks.com/2010/04/14/harsh-winter-spurs-sharp-rally-in-beef-prices/http://www.bloggingstocks.com/2010/04/14/harsh-winter-spurs-sharp-rally-in-beef-prices/http://www.bloggingstocks.com/2010/04/14/harsh-winter-spurs-sharp-rally-in-beef-prices/#commentsFiled under: ,

Beef prices increaseSeveral factors are converging to drive up beef prices to record levels. The U.S. Department of Agriculture reported that beef and veal production is headed for its third year of declines. For several years cattle raisers have reduced their herds due to "mad cow" disease, which hurt the export beef trade. Compounding this was a U.S. drought and record feed prices.

This year, while grain prices have declined, the harsh winter made it difficult for cattle to stay warm and gain sufficient weight. Cattle futures have risen more than 20% since December. Prices are approaching $1.00 per pound, the 2008 record. On Tuesday, CME cattle futures were 98 cents per pound, 25% higher than last year. James Herring of Fiona Industries said: "It may be the biggest rally in the fed cattle prices from December til April in the last 20 years."

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Harsh Winter Spurs Sharp Rally in Beef Prices originally appeared on BloggingStocks on Wed, 14 Apr 2010 11:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>beef pricesWed, 14 Apr 2010 11:00:00 EST<![CDATA[Best & Worst of 2007: Most worrisome consumer trends]]>http://www.bloggingstocks.com/2007/11/30/best-and-worst-of-2007-most-worrisome-consumer-trends/http://www.bloggingstocks.com/2007/11/30/best-and-worst-of-2007-most-worrisome-consumer-trends/http://www.bloggingstocks.com/2007/11/30/best-and-worst-of-2007-most-worrisome-consumer-trends/#commentsFiled under: , , ,

This post was part of AOL Money & Finance's Best & Worst of 2007 feature. Voting has now closed and readers have chosen rising fuel prices as the most worrisome consumer trend. Be sure to let us know in the comments if you are pleased with this result.

Worrisome consumer trend The most Worrisome Consumer Trend of 2007 is ... whichever one you choose. The following is my analysis of four candidates -- ranging from can't sleep at night to minor complaint:

  • China product recalls. 30 million Chinese products -- many of them toys -- have been recalled in the last several months. With the holiday shopping season in full swing, this has to be among the most worrisome consumer trends. It's not easy to find out if a product is made in China. This list of U.S. made toys might help, and this list of Made in America products might also be useful.
  • Subprime and mortgage meltdown. The cost to society of the subprime mortgage meltdown could be as high as $4 trillion. Two million people are expected to lose their homes to foreclosure by the end of 2008. If you are one of these people, this trend is definitely costing you sleep. And since there's no way of knowing how widespread the damage will be, everyone in the world should be worrying about this one.

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Best & Worst of 2007: Most worrisome consumer trends originally appeared on BloggingStocks on Fri, 30 Nov 2007 06:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>beef pricesBest and Worst of 2007Chinese productsE. colifood pricesfood safetyforeclosuresmortgage meltdownoil pricesrecallssubprimeTopps MeatFri, 30 Nov 2007 06:10:00 EST