GLG News by Prime Brokerage Services Experts

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Cheese and Butter Prices and Ronald Reagan

May 6, 2010

Since 2005, the average difference between the CME block cheese and butter markets has been a cheese premium of $.14.  However, as of late its been the butter market that has been carrying the premium which is currently at its largest level in nearly five years.

John SalomoneManaging DirectorStructured Finance International, LLC 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Goldman Should Call and Raise

May 3, 2010

Goldman Sachs: The $64,000 Question | seekingalpha.com

Right is right and the words in a private placement disclaimer have meaning.The federal government cannot ignore its own rules, cannot change their rules during the game and must be humiliated into learning, listening and reading before they again try to use their big sticks against people and companies based on their limited view of public sentiment.

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

China and US Commodity Trade News

April 29, 2010

China has made a lot of trade news in the past week which could all be bullish for major restaurant commodity items. 

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

The Fast Casual Restaurant Segment Commodity Inflation

April 22, 2010

This month, I’m focusing on the Fast Casual segment.  Why?  Because our models are suggesting that the Fast Casual segment could experience the steepest food commodity inflation in 2010.

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Playing Chicken with Russia

April 15, 2010

According to Russia, they have halted imports of US chicken due to the chlorine wash procedure for chicken practiced in the US .  Recent news suggests that poultry producers may stop the procedure for at least chicken destined for Russia.

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Dairy Complex Inflation

April 8, 2010

Dairy cow slaughter picked up during the late winter and early spring as milk farmer profitability waned.  As mentioned above, this is bearish for milk production and bullish for the dairy complex.

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Feed Acreage to Remain Historically Large

April 1, 2010

Total acreage for these three vital components of the agriculture and food service industries has been historically large in recent years. 

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Ethanol Producer Margins are Waning

March 25, 2010

As of late, ethanol producer margins have been waning despite the fact that crude oil prices have been on the rise and corn prices have mostly declined. 

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

The Restaurant Commodity Index

March 18, 2010

The Restaurant Commodity Index | www.aramarketcenter.com

Yes the restaurant industry as a whole has experienced notable commodity volatility during the last few years.  This model separates the different restaurant segments showing vast inflation differences in the restaurant types.

David Maloni, Principal

David MaloniPrincipalARA Trading Inc. 
          What is a GLG Leader?|The Gerson Lehrman Group&reg; (GLG) Leader Program<sup>SM</sup> is our premium Member Program<sup>SM</sup>. Those identified as GLG Leaders are in the top 5% of GLG CouncilRank and have an exclusivity agreement with GLG.

Protein Demand Headwinds

March 18, 2010

I often remind clients that these supply changes are likely something we will only experience once or twice in our careers.  In a normal economic environment, this would be very bullish for protein prices.  But obviously we are not in a normal economic environment. 

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