If they choose to plant as much corn as possible, prices that have soared to record highs above $5 a bushel could stabilize. But if many farmers rotate their plantings to other crops such as soybeans, or the season is disrupted by bad weather or drought, the price of this key ingredient could soar even further.
That would leave other food producers — especially poultry, beef and pork companies, where corn feed comprises up to three-quarters of their operating costs — with little choice but to raise their prices as well.
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