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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9325)	5/6/2008 1:15:45 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 33421

Speaking of which, I picked up a position in Sadia (SDA) last month at 17.75; I think it's attractive because it's not only a play on agriculture (meat processing) but also a play on the strength of the Brazilian economy and the Real. Here is a Yahoo chart & link to information. finance.yahoo.com

To: John Pitera who wrote (9325)	5/6/2008 1:46:51 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

I have to disagree that the average man on the street and even on wall street is really looking for agricultural prices to rise substantially from here. Interesting.. because if it does, it will create a wave of instability throughout the globe unlike anything we've ever seen.. Already we're seeing governments on the edge of panic over food prices as people riot over EXISTING food prices. Hawk

To: John Pitera who wrote (9325)	5/6/2008 1:59:33 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 33421

on a personal note, I have been getting incredibly great buys on chicken, steaks and pork cuts from Randalls here in Houston. It's got to be due to the early harvesting of these herds and animal stocks that are too expensive to feed. We should be expecting all retail meat prices to double by this time next year. Not a chart reader or real educated guy John but I'm pretty in tune with the ag market having farmed a good share of my life and having relatives that still do. You are getting your good buys for the exact reasons you've stated. To be honest I wouldn't put a triple by next year on meat out of the question. Tyson is closing plants saying they can't afford the feed. Feed lots are emptying out and next years stock is being butchered now even though they are just feeder size. This will get very ugly IMO. Our days of cheap oil and food are over.