High grain costs, weak economy forecast for 2013

High grain costs, weak economy forecast for 2013

Record high feed costs coupled with continued reduced demand for animal protein products, triggered by sluggish economic conditions and high prices, will challenge egg producers this year.

The 2012 U.S. corn crop was supposed to be one of the biggest on record with one of the largest number of acres planted since WWII, and we wouldn’t have another below trend line yield again, but it didn’t work out as planned. The drought in the Midwest drastically reduced yield, corn prices hit record highs in the summer, and the high price is rationing corn among users, foreign and domestic.