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Food Media

Forbes: It’s Not Just Fuel—$7 Corn Is Sending Meat Prices Soaring

Melanie Wong | May 16, 202105:19 PM    

" . . . Earlier this month, R-CALF, the lobbying organization for the nation’s 5,000 independent cattlemen, warned that rising grain prices would put some of the last independent producers left in the meat industry out of business. Between 2010–14, thousands of independents were driven out of the beef industry.

R-Calf president Bill Bullard said $7 corn in a competitive livestock market would not create as bad of a problem. But he says he’s now heard of producers like one that’s been in business 46 years questioning if they will make it another season. . . "

It’s Not Just Fuel—7 Corn Is Sending Meat Prices Soaring

Two of the biggest global meat suppliers—JBS and Tyson—announced this week that consumer prices would rise due to soaring grain costs and unfavorable...

www.forbes.com
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