Higher Meat Prices Predicted to Last

NEW YORK -- The soaring price of corn will present a major challenge for pork, chicken and beef producers for at least the next five years, leading to sustained increases in wholesale and retail prices, reduced production and flattened U.S. per capita consumption of meats during that time, predicted analysts in a conference call hosted by Wachovia Capital Markets this week.

NEW YORK -- The soaring price of corn will present a major challenge for pork, chicken and beef producers for at least the next five years, leading to sustained increases in wholesale and retail prices, reduced production and flattened U.S. per capita consumption of meats during that time, predicted analysts in a conference call hosted by Wachovia Capital Markets this week. Corn prices have more than doubled from $2 to $4 per bushel in less than a year, due to an increase in

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TAGS: Meat