Stocks, Commodities & Currencies

Bureau of Labor Statistics: Price of Ground Beef hits a record-high in July

August 15, 2012

“The BLS has been tracking the average price of a pound of 100% ground beef since 1984. In July, it cost $3.085, up from $3.007 in June.”

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President Obama’s “Meat Aid” Plan to buy-up meat to help farmers includes an Ethanol Mandate

August 15, 2012

“Obama unveiled the plan on a campaign trip to farm state Iowa on Monday as record-high feed costs force cattle ranchers and hog farmers to cull their herds.”

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U.S. Wall Street Stocks ease upwards on Tuesday as stronger-than-expected U.S. retail sales meet rising oil prices

August 14, 2012

“The S&P 500 is within a stone’s throw of new four-year highs, leaving investors looking for new catalysts to move the market higher.”

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Livestock Farmers ask the EPA to waive production requirements for corn-based ethanol

August 9, 2012

“One consequence is that 40 percent of the nation’s corn crop now goes to ethanol producers, compared with 36 percent for feed. The rest is divided between processed food and exports.”

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Food Price Index: Food prices increased by 6% after three consecutive months of decline

August 9, 2012

“According to the U.N. report, global corn prices surged nearly 23% in July, exacerbated by “the severe deterioration of maize crop prospects in the United States, following drought conditions and excessive heat.”"

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The Dow Jones Industrial Average and S&P 500 approach four-year highs

August 9, 2012

“The Dow Jones industrial average rose 5.59 points, or 0.04 percent, to 13,181.23. The S&P 500 Index added 0.72 point, or 0.05 percent, to 1,402.94.”

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Former European Central Bank Chief Economist Otmar Issing: Some countries could abandon the Euro

August 9, 2012

“Mr Issing is one of the founding fathers of the euro, but also predicted potential problems with the plan and argued that political union ought to precede a shared currency to ensure its stability in the long-term.”

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U.S. Stocks finish slightly up, bringing the Dow’s four-day run to 300 points

August 8, 2012

“The day’s gains helped bring the four-day run for the Dow to about 300 points, and sent the blue-chip measure to its highest level since May. The Dow is now about 100 points from a December 2007 high and 7% off its all-time high.”

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Euro rises to a three-week high versus the Yen amid speculation that the ECB is taking action to quell the debt crisis

August 8, 2012

“The shared currency added 0.5 percent in the past week versus nine developed-nation counterparts tracked by the Bloomberg Correlation-Weighted Indexes.”

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The S&P 500 Index closes over 1,400 points for the first time since May

August 7, 2012

“The S&P 500 index breached the 1,400 level for the first time since May, rising 7 points to end the day at 1,401, as financial markets around the world retained their optimistic tone on Tuesday.”

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Analysis: Last year’s S&P downgrade of the U.S. hasn’t negatively impacted the economy

August 7, 2012

“Rival rating agencies Moody’s and Fitch have said they might downgrade the U.S. government’s blue-chip rating, too, though neither has followed S&P’s lead.”

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Euro goes up on Tuesday as traders expect the ECT will act to lower borrowing costs for Spain and Italy

August 7, 2012

“Rising expectations that the ECB could step in as early as next month to reduce crippling Spanish and Italian borrowing costs have sparked a global rally in risky assets since Friday.”

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Stock Index Futures signal a higher Wall Street opening on Tuesday morning

August 7, 2012

“U.S. stocks closed at three-month highs for the second day in a row on Monday, extending last week’s rally on the hope for more assistance for the troubled euro zone.”

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Knight Capital Group rescued by a $400 million lifeline from Wall Street companies

August 7, 2012

“Knight says it will get the cash infusion from an investor group led by Jefferies Group, as well as Blackstone, Getco, Stephens, Stifel Nicolaus and TD Ameritrade.”

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Asian Stocks go up on investor confidence in European debt management & stimulus enactment by the U.S. & China

August 7, 2012

“Sentiment improved as yields in Spain and Italy inched lower on Monday on expectations the European Central Bank will follow through with upcoming policy steps to contain Madrid’s borrowing costs.”

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