Corn prices have fallen since the beginning of the year and are expected to remain lower than levels experienced in the last couple of years for the foreseeable future, according to Michael Langemeier, agriculture economist at Purdue University. This, he suggests, will benefit feeding cost of gain for cattle finishing.
Langemeir relays that cash corn prices in Kansas were over $7.00/bushel in the first four months of 2023 but have since fallen. The most recent price data from the USDA showed the average corn price in August was $5.70/bu., or 22% lower than the price in February. Corn…
