TexasBred":3uup7bv3 said:
iowafarmer":3uup7bv3 said:
I don't think corn is going to hit 7 dollars anytime soon but I think we will see it hit 5.50 and hold there. There was a lot of carryover from last year however due to conditions last year the crop was lacking in quality. Just my opinion though. No telling what it will do at this point.
December contracts right now are trading at $5.64, up $.185 this morning.
On the board yea it is up there. However they aren't paying that yet at the coop's to the farmers. That's what I was refering to with 5.50 course it is going to fluctuate some so it could hit 6 bucks but it has aways to go for current price. Corn was down 9 cents today. July was getting close to 6 bucks though, but I just don't see it doing 7. I could be wrong though.
TexasBred":3uup7bv3 said:
Dave":3uup7bv3 said:
One thing about high corn prices. It hurts the competetion (pork and chicken) more than it does beef. You just can't run a chicken out on grass longer to put on more weight before finishing them like you can a steer.
But chickens finish out so much faster.
Poultry can also be fed soybean meal. Poultry are the leading consumer of soybean meal at 44% in the U.S. Swine are at 24% and beef at 13 %. So high corn prices will affect cattle more than poultry and swine.