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Feed price outlook for rest of decade: Low

Fri, 09/12/2014

Forecast paints a nice financial picture for anyone with livestock to feed.

by Dennis Halladay, Hoard’s Dairyman Western Editor

Low prices for corn and other feed grains are expected to last for the rest of the decade, according to a recent forecast by a leading agricultural research group.

The dramatically lower prices being driven by this year’s record crop harvests are not expected to continue, of course, but those in following years should still be very low in comparison to what was seen in 2008 and again from 2010 to 2013, according to the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri.

December corn ($3.41), November soybeans ($9.88) and December wheat ($5.17) all traded at 52-week lows yesterday morning at the Chicago Board of Trade. In 2012, by comparison, corn touched $8, soybeans approached $18 and wheat flirted with $9. Read more

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