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, ...
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