In the blink of an eye ๐๏ธ
Dec 06, 2022๐ฝ As Thanksgiving approached, the corn basis made for a very challenging environment for livestock operations in the western Corn Belt. Paying such a premium is hurting bottom lines and more importantly, just securing enough corn has been tough.
• What happened? In the blink of an eye, the demand for corn in the western Corn Belt for poultry, pork, and ethanol is outreaching the supply. Also, in the last four years, production has been flat in the western Corn Belt.
๐ And hold onto your hats! The next six months are probably going to be even more volatile. Click here to better understand it.
๐ฅ Not meaning to add fuel to the fire – we know you’re nervous already, but if here’s more we need to take into consideration in agribusiness in 2023 (other than corn): higher interest rates, sky-high input and labor prices, more challenges due to animal activism, further impacts of the green revolution, changes in consumer preferences and in the automobile industry, etc. Click here for the full list.
