Increasing corn cost affects US chicken and egg prices
"Costs have probably gone up about US$0.25 per dozen
just recently," said Dave Neff, a Morris Hatchery Inc. director. "[Customers]
have accepted it."
Florida-based Morris Hatchery
sells most of its eggs overseas and demand in
Europe has increased. Apparently, buying the higher-priced eggs is cheaper than
importing the expensive corn to feed the laying hens, suspects Neff, who was
staffing Morris' booth at the International Poultry Expo.
Corn, an important feed, is now trading at more than $4 per bushel at the
Chicago Board of Trade
highest in 10 years. The increase is largely because producers of ethanol, the
biofuel made from grain, are consuming more and more corn.
US consumers can expect to pay higher prices for chicken if corn prices
remain high, because chicken producers will have to pass on their costs, said an
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