Thanks to my boy Cincotta for sending this along (pounding my chest and pointing East right now).
Increased meat consumption will mean more meat production - which means more grain consumption. Which means higher grain prices. But meat production won't be able to keep up with consumption - so that means higher meat prices too. Brings a tear to my commodity trading eye - nothing like a bull market to tug at my emotions.
Plus don't forget the Fed is doing its best to flush the dollar down the porcelain throne - so everything will increase in dollar terms anyway.
Friday, February 01, 2008
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