HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Drought Impacts Protein P...

Wed Dec 5, 2012, 06:01 AM

Drought Impacts Protein Prices

NEW YORK — The drought and weak corn yield this year will lead to higher wholesale protein prices and multiyear effects on the livestock industry, but those increases won’t translate directly to retail prices, according to panelists in the Penton Media webinar “What’s Ahead: Gauging the Drought’s Impact Into 2013” last week.

Climbing corn prices have led protein producers to use 10% less feed, said Corinne Alexander, agricultural economist, Purdue University. Farmers have been raising fewer animals, bringing lighter-weight animals to slaughter and finding different feed sources such as imported corn, barley and even expired Oreo cookies.

If there is a good corn crop next year, Alexander expects expanded chicken production by late 2013, pork in the second half of 2014 and cattle production in 2016. More protein production would bring down wholesale prices.

“How much [corn] we grow next summer is absolutely essential,” said Alexander.

Read More: http://supermarketnews.com/retail-amp-financial/drought-impacts-protein-prices#ixzz2EAcH36aN

1 replies, 1063 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Drought Impacts Protein Prices (Original post)
Sherman A1 Dec 2012 OP
Berlum Dec 2012 #1

Response to Sherman A1 (Original post)

Wed Dec 5, 2012, 06:47 AM

1. "I'll have the expired-Oreo-cookies steak, waiter. Raw with a side of ice cream." - Hungry Man

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread