02/26/2015Broiler Economics: Grain Prices Low and Stable for the Moment, Feb. 2015
In a similar fashion to the price of oil, it took a few years of rising world production to knock grain prices from unusually high levels and bring them down to earth. It has finally happened, both corn and soybean meal (and crude oil as well) are down from the clouds and appear to be stable at much lower levels, at least for this year. Barring an important drought this year in the US, grain prices should remain low through the entire year, and barring political problems, crude oil should remain low as well.
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