Feed Prices Up 21 Percent from a Year Ago
December 7, 2007
December 7, 2007 - Livestock producers paid 21 percent more to feed their animals in November than they did a year ago, the U.S. Department of Agriculture said in its November agricultural prices report.
Higher prices for complete feeds, feed supplements, feedgrains and concentrates more than offset lower prices for hay and forages. Prices were up 4 percent from October.
Soybean prices averaged $9.48 per bushel in November, up 55 percent from a year ago, while corn prices averaged $3.49 per bushel, up 21 percent from last year.
Reprinted from meatingplace.com
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