Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Wheat Gains as Rising Corn Prices Boost Demand for Animal Feed

April 24 (Bloomberg) -- Wheat gained for the second straight day on speculation that demand will rise as more of the grain will be added to livestock feed as corn costs climb.

The price of corn, the main ingredient in U.S. animal feed, rose as much as 1.5 percent today in Chicago after the government announced overseas sales of 480,000 metric tons to unknown buyers. With less corn available in the U.S. and prices rising, some cattle producers in the southern Great Plains will add wheat to livestock rations, said David Lambert, head of the agriculture economics department at Kansas State University in Manhattan.

“Wheat would follow a corn rally,” Larry Glenn, an analyst at Frontier Ag in Quinter, Kansas, said in a telephone interview. Prices are rising after the corn export-sales report, he said.

Wheat futures for July delivery gained 1.7 percent to $6.435 a bushel at 10:08 a.m. on the Chicago Board of Trade. Before today, prices dropped 3.1 percent this year.

Wheat is the fourth-largest U.S. crop, valued at $14.4 billion in 2011, behind corn, soybeans and hay, government data show.

To contact the reporter on this story: Tony C. Dreibus in London at

To contact the editor responsible for this story: Steve Stroth at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.