61. Large crops will help livestock producers and food companies recover from record-high summer grain prices that shaved profit margins. 62. Low grain prices, meanwhile, would please meat producers. 63. Low, stable grain prices contribute to low supermarket prices for milk, meat and bread. 64. More surplus grain for export could drive down world grain prices because China is one of the largest traders. 65. On top of all this, the company is coming off a record year when grain prices were low and demand for many products high. 66. One reason is that a bumper harvest has depressed grain prices, which in China account for a major part of the price index. 67. On top of the low grain prices, an oversupply of industrial and consumer goods led to lower prices in those areas, Kwan said. 68. Pork producers were also hurt by high grain prices last year, but higher hog prices are likely to result in increased slaughter and breeding, he said. 69. Previously farmers only received government subsidies when average grain prices fell below a certain price for about five months. 70. Plummeting grain prices have ended a spending spree by farmers that helped farm equipment companies post record earnings in recent years. |