Posted by IaGary on February 25, 2011 at 08:02:05 from (216.51.227.72):
When corn is $4 a bushel there is 5.6 cents worth of corn in a 18oz box of corn flakes. When corn goes up to $6 a bushel there is 8.6 cents worth of corn in that box.
A liter of soda pop has 3.3 cents worth of corn at $4 a bushel. 5 cents when corn gets to $6 a bushel.
It takes 12.6 cents worth of corn to produce a gallon of milk when corn is $4 per bushel. 19.3 cents at $6 per bushel.
Cost to produce one pound of meat goes up about 10 cents for beef 13 cents for pork and 10 cents for chicken when corn goes up from $4 per bushel to $6.
I guess my point is when corn goes up to $6 it does not greatly affect the cost of food.
Costs to produce a box of corn flakes goes up 3 cents a box and the processors raise the box by a quarter.
Just keep this in mind when grain prices get up to where they have been lately.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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