These high prices will screw it up. I don't think a lot of you crop farmers grasp how much demand destruction has taken place the last couple weeks. Both cattle and hogs are turning pretty ugly and ethanol is getting worse by the day. So while you guys gloat over $5 corn and $13 beans some of us are on the other end of this deal.
High grain prices will lead to high livestock prices....eventually. But ethanol? That's a different story. |