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October 11, 2008 3:57:02 AM CDT

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Stories related to: corn shock

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3 Stories

  • August 2008

    • Producers Quick to Pass Price Hikes Down Food Chain

      Wall Street Journal  |  Aug 8, 08 1:01 PM CDT

      Producers Quick to Pass Price Hikes Down Food Chain

      (Newser) - Soaring grain and energy costs are driving food prices skyward, and big producers are moving to pass price hikes down the food chain to consumers on everything from cereal to meat, the Wall Street Journal reports. And costs won’t likely decrease, with biofuel demand eating up more corn than ever and livestock herds being thinned in response to the higher price of grain. More »

      Tags

      recession  • food prices  • meat  • energy costs  • grain  • agricultural economy  • food production  • General Mills  • corn shock

  • April 2008

    • Ethanol Guzzles 25% of US Corn; Links Food, Fuel Prices

      Washington Post  |  Apr 30, 08 2:28 PM CDT

      Ethanol Guzzles 25% of US Corn; Links Food, Fuel Prices

      (Newser) - When Congress passed its latest energy bill four months ago, the provision to boost ethanol requirements was exceedingly popular. But now, critics are lambasting that measure, and the ethanol movement in general, for linking skyrocketing food and oil prices. “We used to have a grain economy and a fuel economy,” one analyst tells the Washington Post . “Now they're beginning to fuse.” More »

      Tags

      food prices  • agriculture  • biofuel  • ethanol  • farmer  • corn  • corn shock

  • March 2008

    • Corn May Be Recipe for Disaster

      Los Angeles Times  |  Mar 3, 08 12:05 PM CST

      Corn May Be Recipe for Disaster

      (Newser) - The US is becoming so dependent on corn that a drought would have catastrophic effects that would ripple throughout the economy, reports the LA Times. Corn is essential as staple livestock feed, artificial sweetener, and a basic component of ethanol. A "corn shock" could lead to $5 gas and $3.50 eggs, economists warn. "We are replacing price volatility from the Middle East with Midwestern weather price volatility," said one analyst. More »

      Tags

      US economy  • ethanol  • corn  • wheat  • grain  • corn shock  • corn belt  • Earth Policy Institute  • Soy  • corn syrup

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