food prices will be soaring soon.

when saudi arabia falls apart in the next couple of weeks ,it will be total chaos

higher oil prices = food prices sky rocketing

Did the Federal Reserve issue wings to food prices again?

So...are you trading the markets and making $$$ from it???
...or are you pissing and moaning while working your way into living in a cardboard box and eating catfood for breakfast?

with gasoline prices rising the cost of transporting food and consumer goods will rise and the consumer will pay for it .

Cheap Hamburger at our grocery store is now at $2.97 a pound.
My wife only drinks Diet coke and it is now $6.49 a case( 24 cans ) and Pepsi drinkers are paying $8.99 a case.

Folgers Coffee went up from $9 to $11 for a 2lb can.

food prices are climbing but the markets for wheat /grains are down.


Corn
May 2011 contract
¢ / bushel Floor 717.50 s -12.25 -1.68% 2:40pm ET
Electronic 711.75 -12.25 -1.68% 6:30am ET

Soybeans
May 2011 contract
¢ / bushel Floor 1,395.00 s -19.50 -1.38% 2:40pm ET
Electronic 1,382.00 -18.50 -1.31% 6:30am ET

Wheat
May 2011 contract
¢ / bushel Floor 800.75 s -33.50 -4.02% 2:40pm ET
Electronic 789.50 -32.50 -3.90% 6:29am ET


Meat & Livestock
Chicago Mercantile Last Change % Change Last Update
Lean Hogs
June 2011 contract
¢ / pound Floor 99.48 -1.575 -1.56% 2:14pm ET
Electronic 99.32 -0.15 -0.15% 6:24am ET

Pork Bellies
March 2011 contract
¢ / pound Floor 114.50 -2.00 -1.72% 2:14pm ET
Electronic 114.50 0.00 0.00% 9:13pm ET

Live Cattle
April 2011 contract
¢ / pound Floor 113.60 -0.45 -0.39% 2:14pm ET
Electronic 113.78 +0.175 +0.15% 6:27am ET

Feeder Cattle
Aug. 2011 contract
¢ / pound Floor 134.75 +0.025 +0.02% 2:14pm ET
Electronic 134.67 -0.075 -0.06% 2:02am ET

dont talk crap

The USA had one of the best years ever for wheat and other grains in 2010.
...but don't worry....those prices are going to go sky high too. They have only gone up modestly compared to what is coming.

Here is why:


**********

US farmers fear the return of the Dust Bowl

"For years the Ogallala Aquifer, the world’s largest underground body of fresh water, has irrigated thousands of square miles of American farmland. Now it is running dry"

[link to www.telegraph.co.uk]



Last Edited by Useless Cookie Eater on 03/08/2011 07:12 AM

Silly, eat corned beef instead! It's on special this week!

Seriously though, I get what you're saying. This year will see a larger than normal garden for me and, maybe, the end of my coffee drinking days.

If there is shortage of physical product for settlement of these commodities futures contracts, a cash settlement can be made instead. Is that correct?

Controlled dollar devaluation you PEONS

They ate secretly taking it out and giving it to the Saudi's who are running out of water. I kid you not. Google it. Same with the Great Lakes.

They are secretly taking it out and giving it to the Saudi's who are running out of water. I kid you not. Google it. Same with the Great Lakes.

I have some land(8-9 acres)that can be a great garden but i have no equip.Talked with a few folks around but no one wants to share with the cost or work(Lazy Bastards).

Im going it alone!
gonna rent someone ta do it(turn it)
then im planting,hope i get enough rain so it doesnt die on me,have a pond but i would have ta haul it from one side to the other part of my property.

Not gonna do all 8/9 acres,just 1 for myself,i have a tiller so i can beat back the weeds.


Then im gonna can like a mad women!

East Texas proud!