Corn in Modern Economy !!

Consumers and investors do not fully appreciate the extent to which the modern economy is based on corn. It is not just a substitute for gasoline and animal feed, but a full three quarters of the products in a supermarket use corn in some form. Corn Syrup?


Roughly 50% increase in corn prices translates to a 1% rise in shopping bills according to economists at the USDA. The effect on specific food prices vary. It takes, about 2.6 pound of corn to produce a pound of beef. That means that the increase in corn prices may see a 4-5% increase in beef prices. The increase in the price of corn chicken feed will boost egg prices 1-2% and a 2-3% increase in dairy prices.