WASHINGTON — USDA data showing declining corn supplies in the U.S. and around the globe will continue sending corn prices skyward, which will also send consumer food bills significantly higher, says the American Meat Institute.
“Declining corn supplies will put demand for corn by the ethanol industry and livestock and poultry producers on a collision course that can mean just one thing: higher feed prices and higher food prices,” said AMI President J. Patrick Boyle.
World Agricultural Supply and Demand Estimates (WASDE) data project that U.S. corn production for 2011-12 will be 417 million bushels lower with expected. . .
Register or Login to keep reading
Thank you for your interest in accessing the complete content. To continue reading, please register for free. By registering, you'll gain full access to our valuable resources, updates, and insights.
If you already have an account please Log In.
