http://www.marketintelligencecenter.com/newsbites/1221395
"Kraft Foods (NYSE: KFT) opened at $31.81. So far today, the stock has hit a low of $31.59 and a high of $32.00. KFT is now trading at $31.67, down $0.17 (-0.53%). The stock hit its 52-Week high of $32.67 in October and set its 52-Week low of $26.31 last November. The company will report Q3 earnings tomorrow, with analysts expecting to see $0.46 per share, versus $0.55 during the same period last year. Technical indicators for the stock are neutral and S&P gives KFT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on KFT the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 28 range."
Crashing prices on the CME might seem like a good plan, except...there will be a train wreck. This is not capitalism at work, this is power, raw power.
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How long can a dairy farmer last with $13 milk..."a good parasite doesn't kill off it's host"
ReplyDeleteSo is this Kraft every day? Why do they need to sell on the CME at all? Only one reason I can think of and that's rape the farmer.
ReplyDeleteIs it possible that Kraft and the other 7-8 different companies that have sold cheese in the past 2 weeks have too much cheese and that the only place they can sell that cheese and get paid for it is at the CME, and that's the reason they are selling and not to rape the farmer or anyone else?
ReplyDeleteAnd it's gonna rain lollipops and candy to all the good little dairy boys and girls and we'll all be rich.....................idiot.
ReplyDeleteRusty
Is it possible that twenty or thirty loads of cheese sold by 7-8 cheese makers on CME makes any difference to inventories whatsoever? Now that the milk price has been driven down over two dollars will they pass that savings on to consumers? I think not. The only ones that get that money is the processors and who's pocket does it come out of?....Nice try
ReplyDeleteHow about a 27 cent drop in the butter price in one day and for only one load?
ReplyDeleteAnd nothing will become of it because there isn't a single person in USDA or ANY state ag and markets department that has the will (or the ability) to investigate, bring forth evidence and enforce any of the rules that they are charged with enforcing. Because there is no fear of consequence the rules will not be followed. That is the way it has been and will continue to be. DWCovert
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