WASHINGTON — Meat prices were already at historic levels, but the ongoing drought in the Midwest will likely bring even heftier long-term price tags. Feed corn yields have been significantly hurt by the drought. The U.S. Department of Agriculture forecast a 1.8 billion bushel decrease in corn supplies in its July 11 World Agricultural Supply Estimates report. USDA noted this drop in feed corn supplies will ramp up feed prices and will temper the weight of animals brought to ...
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