High feed prices here to stay

One economist warns that corn will remain over $5 and soymeal over $300.

February 5, 2013
KEYWORDS agriculture
/ Print / Reprints /
/ Text Size+

High feed prices here to stay

High feed prices are the new normal, according to Thomas Elam of FarmEcon. Speaking at the 2013 International Production and Processing Expo, Elam said that prices for corn feed are unlikely to drop below $5 and soybean unlikely to drop below $300. Elam explained that consumer demand had been the major price driver for meat and poultry producers from 1950-2005. Since that time, feed cost has become the major determiner of prices and consumer demand has slowed. Combine that with last year’s drought and the ethanol crunch and feed prices are likely to remain high for the foreseeable future.

Did you enjoy this article? Click here to subscribe to Food Engineering Magazine.

You must login or register in order to post a comment.



Image Galleries

Fabulous Food Plant: Paramount Citrus

Learn more about this fabulous food plant in Food Engineering's article, found here.


Burns & McDonnell project manager RJ Hope and senior project engineer Justin Hamilton discuss the distinctions between Food Safety and Food Defense as well as the implications for food manufacturers of the Food Safety Modernization Act.
More Podcasts

What was your favorite part of FA&M 2014?

View Results Poll Archive

Food Engineering Magazine

Food engineering magazine 2014 april cover

2014 April

Catch a preview of the Powder and Bulk Show in this April 2014 edition of Food Engineering. Also, be sure to check out a coffee stick making a real stir and a major advancement in the the pet food industry.
Table Of Contents Subscribe


Food Authentication Using Bioorganic Molecules

This text provides critical tools and data needed to augment routine food analysis and enhance food safety by aiding in the detection of counterfeit, and potentially deleterious, foods.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Food Master

Food Master Cover 2014Food Master 2014 is now available!


Where the buying process begins in the food and beverage manufacturing market. 

Visit www.foodmaster.com to learn more.


FE recent tweets