Wonder how that will affect US corn meal prices? If people will pay 700 times as much there, then there’s no reason not to hike the price here.
Remember a few years ago when ranchers were dumping every head of cattle they had on the market due to the drought? Prices should have dropped. They didn’t. Prices doubled.
Prices have dropped now. Ranchers increased herds when hamburger was going for 4 bucks a pound a couple of years ago. So much that it’s now down to 2 bucks.