New-crop corn futures have steadily increased over the past two months. Thus, there is not any relief in sight for higher feed costs. With higher interest rates, the cost of storage becomes a larger concern. There is currently very little carry in the corn futures prices, suggesting that going hand-to-mouth for feed needs could be considered if the feeder can ensure they can secure supplies later.
Corn yields in the northern plains are not great, but production levels and old-crop stocks levels suggest that securing feed will later in the marketing year would not be an issue, but the…
