Livestock

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  • Aug 21, 2012
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    Livestock Industry Under Stress

    The corn and soybean meal market prices have responded to the current U.S. drought with dramatic market increases. Chicago Board of Trade (CBOT) December corn futures prices rose to over $8/bu. by mid-August, an increase of nearly $3/bu. since mid-June, or about a 60% increase in about two months. Similarly, CBOT soybean meal prices have increased by nearly $200/ton in recent months, and are now over $500/ton. Corn and soybean meal are important feed ingredients for all segments of the livestock industry....More
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