Cramer: It's a Putin Windfall
NEW YORK (Real Money) -- Grrr! Why does all news have to be presented so negatively? Last week, Vladimir Putin may have done the single most positive thing he could do for the American consumers' wallet: He banned U.S. chicken imports. Immediately, the outpourings were negative. The Washington Post pointed out that the ban is "also starting to negatively affect a number of U.S. food industries," particularly chicken; we send $300 million in chickens to Russia every year.
The chicken industry? Is that the real ramification for something that is eaten by tens of millions of people in this country? The pain in the chicken farmer's budget?
This Putin-hurts-chicken-farmers story is a classic example of how a huge positive gets turned by the press into something dastardly. Do you know that ever since Putin put this through, the price of all of our foodstuffs have been in virtual freefall? Do you know that hog futures, which had been soaring not that long ago, are now tumbling the maximum amount allowed and are back to where they were March 18? Do you know that the stubbornly high price of cattle is now crashing, as a newfound, Putin-inspired chicken glut has made poultry too competitive? Two weeks ago, we thought cattle could only go up in price. No more.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV