Schulz on feed prices and the food supply chain

Lee Schulz, associate professor, was quoted in a Nov. 25 Axios story, "How America's turkey supply chain brings birds to your table."

Extreme drought conditions in the majority of the state this spring fed into rising corn costs, as farmers questioned how much yield they could produce. Meanwhile, there's been a spike in global demand for corn, particularly from China, meaning there are more dollars chasing fewer supplies.

That's resulting in higher feed prices for livestock producers, who were already under financial stress from 2020's disrupted food supply chain, said Lee Schulz, an economics professor at Iowa State University.