Corn at $6 a bushel

Thank you ethanol!

This is exactly what we need, for the price of a staple foodstuff to triple over five years, going from $2 per bushel in 2002 to $4 in 2006 to $6 today. Wonder why meats, cheese, eggs, and milk have gone up in price? It’s because corn is the main ingredient in feed for farm animals.
Corn Futures as of 4 April 2008

See here for more graphs.


Trackposted to Outside the Beltway, 123beta, Adam’s Blog, Maggie’s Notebook, Right Truth, Cao’s Blog, Leaning Straight Up, D equals S, McCain Blogs, Pirate’s Cove, The Pink Flamingo, Wolf Pangloss, Dumb Ox Daily News, A Newt One- Don’t miss this show!, Rant it Up, Tilting At Windmill Farms, and Right Voices, thanks to Linkfest Haven Deluxe.

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