A leading ag economist says farmers are seeing two very different markets. University of Missouri Food and Agricultural Policy Research Institute Director Pat Westhoff tells Brownfield several factors are boosting grain prices.
“China has bought a ton of corn and lot of soybeans as well,” Westhoff said. “Certainly, that’s gotten a lot of attention and appropriately so. We’re still trying to figure out just exactly how much of last year’s crop is out there and available.”
But he said the jump in corn price has caused drops in cattle prices which could continue.
