Due to the drought-induced low water levels on the Mississippi River in 2012 and early into 2013, farmers experienced on average $0.45 lower cash corn prices, according to a study funded by the Illinois Corn Marketing Board, Iowa Farm Bureau and Iowa, Indiana and Missouri corn check-off programs.
The purpose of the study, conducted by Informa Economics, was to document an actual event simulating a prolonged river interruption. Instead of an economic model, the real-world event of low water on the Mississippi River between St. Louis and Cairo, Ill., was examined. The study revealed that, as a consequence the unavailability of river shipping, diversion to rail was at a 45 cent-per-bushel premium to barge rates. The 45 cent-per-bushel premium to barge rates encouraged the storage of grain until the river market stabilized, or its use elsewhere in the marketing chain.
The study results were presented during a public hearing held by the Mississippi River Commission on August 16 in Alton, Ill.
Ninety-seven compound feed manufacturers produced volumes over 1 million metric tons, according to World’s Top Feed Companies report.
Study shows it may be possible to secure feed against virus that is devastating US swine market
New varieties will have high yield, flood tolerance, fusarium resistance, tolerance to high-salinity soils
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.