iPath DJ-UBS Livestock Total Return Sub-Index ETNNYSEARCA
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  • Tue, May 24, 5:04 AM
    | Tue, May 24, 5:04 AM | 11 Comments
  • Jan. 2, 2015, 2:43 PM
    • The beef industry is up in arms about a panel recommendation to the Agriculture Department on adding environmental issues to diet recommendations and guidelines.
    • The initiative follows up on research from the National Academy of Sciences which concluded raising beef is more harmful to the environment than other meats such as pork or chicken.
    • The National Cattlemen's Beef Association is pushing back over the recommendation and Congress could also get involved.
    • The major beef U.S. beef suppliers are Tyson Foods (NYSE:TSN), Cargill Meat, National Beef Packaging Company (NYSE:LUK), and JBS (OTCQX:JBSAY).
    • Related ETF: COW.
    | Jan. 2, 2015, 2:43 PM | 5 Comments
  • Oct. 22, 2014, 12:01 PM
    | Oct. 22, 2014, 12:01 PM
  • May 28, 2014, 7:30 AM
    • An outbreak of a deadly pig virus at a farm in Indiana has rekindled fears the disease will reduce the U.S. hog population.
    • The incident was a secondary outbreak which raises concerns that affected pigs aren't developing full immunity to the virus.
    • Hog futures are up 26% since the PEDV first hit last summer.
    • Related stocks: TSN, HRL, HSH, SEB, PPC
    • Related ETFs: UBC, COW, LSTK.
    | May 28, 2014, 7:30 AM | 1 Comment
  • Apr. 29, 2014, 7:15 PM
    | Apr. 29, 2014, 7:15 PM
  • Feb. 6, 2014, 9:33 AM
    • Hog futures keep moving higher after a widespread virus which has decimated some herds shows little signs of letting up.
    • Analysts see prices moving up another 16% on supply concerns after January saw a double-digit rise.
    • Related stocks: TSN, HRL, PPC, SEB,
    • Related ETFs: UBC, LSTK, COW
    | Feb. 6, 2014, 9:33 AM | 1 Comment
  • Jan. 12, 2014, 7:10 AM
    • The U.S. pork industry is attempting to cope with a virus that has killed thousands of piglets since first appearing in April and has boosted prices in the $9B hog-futures market.
    • Porcine epidemic diarrhea (PED) virus is only fatal to young pigs and is not harmful to humans, but it could cause the loss of 2-3M head, or as much as 3% of the industry's total.
    • Hormel Foods (HRL) has already warned that FY 2014 earnings could suffer the effects of "potentially volatile hog costs" because of the virus. Tyson Foods (TSN) is also a pork producer.
    • Still, the USDA has predicted that pork output will increase 2% this year to 23.6B pounds, due to heavier hog weights.
    • ETFs: UBC, LSTK, COW
    | Jan. 12, 2014, 7:10 AM
  • Oct. 5, 2013, 8:25 AM
    • The U.S. government shutdown and the resulting lack of official statistics are prompting traders to shun agricultural commodities due to concerns about the vacuum of information and fears of a data dump that will hit markets hard when the shutdown ends.
    • Likely to fall victim to the shutdown is the USDA's monthly Wasde crop production report, set for Oct. 11, which affects prices of grains and other agricultural commodities around the world.
    • Analysts say concerns over a delay could lead to additional short-covering as speculative shorts look to take risk off the table; once the USDA resumes operations, a torrent of backlogged data could trigger a highly volatile reaction.
    | Oct. 5, 2013, 8:25 AM | 9 Comments
  • Aug. 12, 2013, 3:29 AM
    • This time last year, the U.S. was suffering from a severe drought that hit production and sent corn prices (CORN) to a record high of $8.31 a bushel.
    • Now, the harvest is expected to rise to at least 14M bushels from 10.8M in 2012, causing prices to sink to $4.65 a bushel. Soybean is down by over 20% from a year ago.
    • While the drop in prices - which is forecast to continue - is hurting farmers, it's providing relief for meat producers and other food companies.
    • Relevant livestock ETFs include COW and UBC.
    | Aug. 12, 2013, 3:29 AM
  • Sep. 25, 2012, 6:22 AM

    The drought-induced rise in corn-feed costs led farmers to up the pace of hog slaughtering to 73.3M pigs from Jan-Aug, the most in 3 years, although farmers are making steep losses as pork prices fall. The increased slaughtering has prompted the USDA to estimate that pork supply will next year fall to the lowest per capita since 1975. That may well cause prices to rebound, although it will still be cheaper than beef.

    | Sep. 25, 2012, 6:22 AM
  • Apr. 25, 2012, 2:53 AM
    South Korea will halt customs clearance of U.S. beef imports after the first U.S. case of mad cow disease in six years. South Korea was once the third-largest buyer of U.S. beef but began restricting shipments in 2003. Live cattle futures rebound after yesterday's beating; +0.3% as of 12:15p.m. Tokyo time.
    | Apr. 25, 2012, 2:53 AM
  • Apr. 24, 2012, 3:18 PM

    Live cattle futures -2.75% on news of a dairy cow in California infected with mad cow disease. "USDA remains confident in the health of the national herd and the safety of beef and dairy products." Tyson Foods (TSN +1.3%) bounces back after initially diving on the news. Chicken producer Sanderson Farms (SAFM) +3.6%. MCD -0.9%.

    | Apr. 24, 2012, 3:18 PM | 2 Comments
  • Nov. 30, 2011, 4:30 AM

    Given an expected slowdown in global growth, Morgan Stanley says it's a good time to be long on commodities, but not "indiscriminately." Gold, silver and livestock should all perform well in the coming year, while base metals and crude oil are the least preferred.

    | Nov. 30, 2011, 4:30 AM
  • Sep. 30, 2011, 11:35 AM

    Fertilizer stocks are hit after the USDA reports corn stockpiles are 150M bushels larger than expected. Mosaic (MOS -6.9%) shares hit a 52-week low; CF Industries (CF -7.3%) also slides. But chicken producers Sanderson Farms (SAFM +4.3%) and Tyson Foods (TSN +4.3%) gain, along with pork processor Smithfield (SFD +4%), benefiting from lower animal feed prices.

    | Sep. 30, 2011, 11:35 AM | 7 Comments
  • Aug. 2, 2011, 9:05 AM

    Iowa State's Ellwyn Taylor says weather issues could lead to a smaller-than-expected corn crop - closer to last year's 153 bu/acre vs. the USDA forecast of 158. Though at elevated prices, corn has been held somewhat in check by hopes for a bumper crop. CORN +18.5% YTD.

    | Aug. 2, 2011, 9:05 AM | 1 Comment
  • Jun. 9, 2011, 12:12 PM

    Corn bulls point to weather conditions mirroring 1983, when yields also got hammered by a wet spring and cooler temperatures. Unlike 1983 however, we're exiting a strong La Nina, which means a more seasonal summer and strong production ... a must given the dangerous supply situation.

    | Jun. 9, 2011, 12:12 PM | 1 Comment
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