Highest Soybean & Corn Prices as Commodity Market Boom
It is no secret that corn and soybean prices have been climbing over the past several months to new multi-year highs. China's recent record purchases of United States corn and soybeans are expected to continue to deplete stateside supplies, signaling prices will continue to creep higher and higher. So how does this affect livestock feed prices? Unfortunately, corn and soybeans, the two main ingredients within most livestock feed, will ultimately have an effect on feed prices.