Corn prices were on a rocket with ethanol boosters for several years, but that’s in the past now, said Dan Basse, AgResource Company, in August remarks to cattle feeders in Omaha and in Garden City, Kan.
“Last year I said you just have to try and hold on for another year while grain farmers maximize revenue,” the Chicago-based market analyst said at the eighth annual Feeding Quality Forum. “Now the picture is reversed. We’re just trying to keep corn farmers in business as livestock producers have their turn.”