Weather and the food chain

Talk has focused on the corn and soybean price increases, but it is important to realize the corn is an input in the food production process especially for protein. Direct consumption is only a small part of the food equation for grains.  Chicken processors like Tyson Foods will be hurt by higher input costs. Meat packers will also be negatively affected. As put by one, “high priced corn means high priced meat at some point in the future.” The cost of protein is going up.