backyard gas grill Weekend Meat Musings

When the sky was clear on Sunday, we had a lot of backyard grills in our cabin --For the first time this year, neighbors with fever were fired.The smell of sizzling beef and pork floating across our streets reminds me of the prospect of meat this spring.A month ago, we put the cow, well, the cow, the cow (is the meat a hard asset?) Positive for iPath Dow JonesUBS's total return on the livestock sub-index, which tracks live cattle and lean pig futures, ETN (Arca: COW, New York Stock Exchange ).Then trade for $28.21, has risen by 3.9%, because the weighted spot price of cattle exceeds the futures price of pigs.Live cattle account for about 63% of the basic index of dairy cows;Lean pigs make up for the balance.In fact, there is a shortage of old crop cattle due to about 0 spot supply.8% per month, enhance the spot return.Lean pigs are also rising, although the current market term structure is contrary to the term structure of cattle: spot prices for new crops have risen.IPath livestock ETN (New York Stock Exchange: cattle) cattleMore than 200 of its supportThe daily average has just cleared 79-The percentage retreat from the fall in prices last summer seems ready to challenge the top $30.15.There are a lot of goods that are in a trend of fatigue or decline (have you seen sugar recently?), But livestock look like earlyBull market stage.There's only one question: do you want fries?