- This time last year, the U.S. was suffering from a severe drought that hit production and sent corn prices (CORN) to a record high of $8.31 a bushel.
- Now, the harvest is expected to rise to at least 14M bushels from 10.8M in 2012, causing prices to sink to $4.65 a bushel. Soybean is down by over 20% from a year ago.
- While the drop in prices - which is forecast to continue - is hurting farmers, it's providing relief for meat producers and other food companies.
- Relevant livestock ETFs include COW and UBC.
From other sites
at MarketWatch.com (Feb 7, 2014)
at MarketWatch.com (Jul 20, 2012)
at MarketWatch.com (Jul 19, 2012)
at CNBC.com (Jul 12, 2012)
at MarketWatch.com (Jul 11, 2012)
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