Tulsa World - Almost a third of the nation's corn crop is already showing signs of damage, and on Wednesday, the U.S. Department of Agriculture released yet another report predicting that farmers will get only a fraction of the corn anticipated last spring when they planted 96.4 million acres, the most since 1937.
It's too soon to say how that will affect food prices. The cost of meat is most likely to be affected because corn is used to feed cattle, and its price is usually passed along in the cost of hamburger and steak. But meat prices were already rising and were expected to stay high after last year's drought in Texas forced many ranchers to reduce their herds.
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