Since August, there has been a brutal increase in grain prices since August, mostly due to China and supply concerns. Corn is up 45%; soybean meal is up 50%. Back in August, the price of corn was $3.30, but by December it was $4.85. This is an incredibly rapid increase over a relatively short period.
Timothy Wier is a content writer and marketer based in Nashville, TN. He is the founder of FEARLESS Content Group and has written for a number of brands both inside and outside of agriculture.