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Corn and soybean futures have reached record highs this month on the CBOT, but the short term...

Corn and soybean futures have reached record highs this month on the CBOT, but the short term outcome is more likely to be muted on the price of meat, according to the latest USDA food report. The price of meat, poultry and fish will rise 3% to 4%, one-half of a percentage point less than estimated last month, as the price of corn - its main feed source - surged, pushing ranchers to send animals to slaughter sooner and temporarily boosting supplies.
Comments (1)
  • If farmers sent their cattle to slaughter sooner, why are average carcass weights up and why is the daily slaughter down about 4.5 percent from last year and calf slaughter down over 13 percent.
    24 Aug 2012, 02:41 PM Reply Like
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