Wednesday, June 27, 2012

DailyMarkets.com - Drought Condition In The Midwest Weighing On Feeder Cattle Prices

DailyMarkets.com - Drought Condition In The Midwest Weighing On Feeder Cattle Prices


Drought Condition In The Midwest Weighing On Feeder Cattle Prices

Posted: 27 Jun 2012 07:17 AM PDT

Wednesday, June 27, 2012
Feeder Cattle futures often trade inversely to Corn futures, as high feed costs weigh on profit margins for livestock producers, lessening the desirability of increasing herd sizes. Given the potentially significant drought we are seeing in the Midwest this year, feed costs may stay high in the coming months, capping potential rally attempts in nearby Feeder Cattle futures in 2012.
Fundamentals
June has been a tough month for anyone long Feeder Cattle futures, as prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Bone Marrow, Finally

Posted: 27 Jun 2012 06:49 AM PDT

Visit msnbc.com for breaking news, world news, and news about the economy

MSNBC — “Certain bone marrow donors could soon be compensated for their life-saving stem cells after federal officials declined to take the matter to the U.S. Supreme Court, allowing a lower court order to become law. At least one agency, MoreMarrowDonors.org, hopes to begin a pilot program offering up to $3,000 in scholarships, housing vouchers or charity donations — but not cash — in exchange for matching … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


N. Dakota Leads The Country In Q1 Income Growth

Posted: 27 Jun 2012 05:56 AM PDT

From the BEA today: 

“State personal income growth accelerated to 0.8% in the first quarter of 2012, from 0.4% percent in the fourth quarter of 2011. Personal income rose in 47 of the 50 states, fell in Kansas and Mississippi, and was unchanged in Oklahoma. The percent change across states ranged from 2.3% in North Dakota to -0.3% in Mississippi.”

MP: Once again, the energy-rich, economic miracle state of North Dakota led the country on a key economic measure, this time with the highest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


JP Morgan’s Five P’s And Bernie Madoff

Posted: 27 Jun 2012 04:59 AM PDT

Have you ever had an experience while reading something when you just stop and think, "they didn't just say that, did they?"
I had just such an experience yesterday while reading a Bloomberg commentary on JP Morgan (NYSE:JPM).
Under the heading of "You cannot make this stuff up", I virtually gagged when I read of why JP Morgan (NYSE:JPM) had chosen not to  allocate credit to Chesapeake Energy. Given current issues with Chesapeake, it would appear that JP Morgan's decision not to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Aims To Follow Stocks Higher, Gold At Risk On US Data

Posted: 27 Jun 2012 04:00 AM PDT

Talking Points

Crude Oil, Copper Poised to Rise as S&P 500 Futures Signal Risk-On Mood
Gold and Silver May Decline as Firmer US Data Dents QE3 Expectations

Growth-geared commodities are yielding mixed results ahead of the opening bell on Wall Street. Copper is on the upswing, following European shares higher amid hopes that China will introduce additional stimulus measures. The China Securities Journal reported overnight that the country may introduce "more proactive" measures to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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