Global economy poised for increased costs

Commodities Corner

Just a few months ago things were looking up. The economy was recovering, consumers were spending, we had a record corn crop in the ground, and both cattle and poultry producers were looking to rebuild and expand production. Then the economy took a nosedive in the second quarter, and a drought decimated the corn crop. Gross domestic product grew at just a 1.5-percent annual pace in the second quarter of 2012, down from 2-percent growth in the first quarter and 4.1 percent in the fourth qua

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Contact: Desiree Torres [email protected]

TAGS: Finance News
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