Thursday, January 13, 2011

Impact

Supply issues on crops can have a HUGE impact on Beef, Pork and Poultry pricing. Nice little article on what is currently driving cattle futures.

http://m.usatoday.com/article/money/42508608?feedID=156
A surprising drop in the U.S. corn and soybean crop sent grain prices surging to their highest levels in 2 years Wednesday. The price increases stoked concerns about higher food prices and tighter supplies of feedstock for food and biofuels.