Rising Corn Could Tar the Meat Industry
This Monday morning, The Wall Street Journal published a piece discussing the slide in raw-goods prices: "The sudden economic downdraft," writes Carolyn Cui, "has caused one of the biggest and broadest declines in commodities prices since the financial crisis." I and other have talked about falling input costs in commodities ranging from oil to cotton to cocoa. I've pointed out how companies such as Hershey (HSY), Hanesbrands (HBI), International Flavors and Fragrances (IFF) and others stand to benefit from those declines.
Across the country, the weather has been taking its toll for the last several days. Many are likely to be focused on the millions of people on the East Coast that have been dealing with a lack of power, as well as extremely hot temperatures and what that means as an economic speed bump. But the East Coast is not the only territory inside the U.S. that has had to contend with high temperatures and dry conditions. Another has been the country's corn belt, and those conditions that look to be sustained are raising concerns about the health of the corn crop....451 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.