1. High grain prices encouraged the pace in the later eighteenth century. 2. But high grain prices are forcing livestock and poultry farmers to cut back production. 3. Consumers are likely to get mixed signals for many months about what the low stocks and high grain prices mean to them. 4. Farmers that cut their livestock herds because of high grain prices last spring and summer need time to rebuild. 5. High grain costs are likely to keep marketings high in the months ahead, he said. 6. High grain prices could cause farmers and ranchers to slaughter their cattle and hogs prematurely rather than bear the cost of higher feed. 7. High grain prices in turn have translated into higher prices for many consumer goods, from a loaf of bread to a box of cereal. 8. High grain costs forced some farmers to sell their hogs before the animals reached market weight, rather than shoulder the rising cost of feeding their hog herd. 9. High grain prices and poor feed quality hurting milk production. 10. High grain prices have helped push the benchmark Commodity Research Bureau index to an eight-year high this month. |