Corn prices to remain high through 2011

Corn prices to remain high through 2011

Corn futures jumped 58 percent in just 10 weeks from a 9-month low of $3.25 per bushel June 29 to a 2-year high of $5.13 Sept. 17. 


Higher corn prices are dangerous because, as a major feedstock and input cost, they discourage producers from expanding flocks/herds due to higher operating costs. Thus, they have the potential to drive prices higher for poultry, pork, beef and dairy in 2011. 


In September, the USDA revised downward estimates of corn acreage, yield per

Register to view the full article

Register to view this article

TAGS: Operations
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish