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 - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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