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Grains and Livestock Economic Outlook - Dr. Steve Meyer, Paragon Economics, from the 2013 World Pork Expo, June 5 - 7, 2013, Des Moines, IA, USA.

Dr. Steve Meyer, Paragon Economics, says key issues in coming months will be input and production costs; demand; output levels for 2013 and 2014; and prices and margins.

He reminded people that in 2012 he said if it rains we have $4 corn and if it doesn't we have $8 corn - and that everyone heard the first part and nobody heard the second part. In summary Dr. Meyer says that corn belt rains have been good, now we need some warm dry days.

Demand for corn as biofuel (ethanol) and livestock feed is putting tension into agriculture.
U.S. Corn Prices and Monthly Price Variation
American Feed Industry Association, USDA

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