Thursday, July 12, 2012

Rising Corn Prices Could Push Up cost of Animal Products

Concerns over the affect of the drought on food prices has many people concerned, with the immediate effect probably showing up in the boost in price of animal products.

According to the USDA, animal products projected to rise in price include pork, butter, eggs and cheese.

Other prices also almost sure to rise are beef, poultry, fish raised by farmers, milk, sour cream, yogurt, cream cheese and ice cream, to name a few.

All of these have significant corn inputs which are costing more because of the devastated crop.

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