Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Drought Puts Burden on Meat Producers as Feed-Grain Costs Surge

Don't Miss Out —
Follow us on:

July 30 (Bloomberg) -- The U.S. Midwest drought that sent corn prices to a record is devastating cattle, hog and poultry producers forced to pay more for feed, signaling higher meat costs for consumers, industry groups said today.

Consumers may buy less meat as prices rise, John Burkel, the vice chairman of the National Turkey Federation and a Minnesota turkey grower, said on a media conference call. Stores are less likely to offer cheap turkeys during Thanksgiving this year, he said.

Livestock producers urged the Obama administration to suspend the nation’s renewable-fuels standard, saying that demand for corn used to make ethanol is reducing available supplies for food production. It’s “time to wean” the ethanol industry off government mandates, J.D. Alexander, the president of the National Cattlemen’s Beef Association and a Nebraska rancher, said on the media conference call.

To contact the reporter on this story: Elizabeth Campbell in Chicago at ecampbell14@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.