Lawrence, John D.; Mintert, James; Anderson, John; Anderson, David

Choices Vol. 23 no. 2 (Third Quarter 2008): 11-15.

In spite of media reports to the contrary, the higher corn prices have not impacted the retail price of meat and milk - yet. Through mid-2008 supplies of beef, pork, poultry and milk are all higher than they were a year earlier and producers are absorbing the loss from higher feed costs. However, herd and flock liquidation has begun and supplies of animal products will be lower and prices higher later this year.

JEL Classification: A10

Keywords: fed price, food versus fuel, meat prices