Wet spring sparks fear of a feed cost spike
Heavy rain and flooding resulted in unprecedented planting delays. With yield prospects also dimming, grain buyers are concerned about a potentially underwhelming harvest.
Feed costs, recently subdued, may threaten poultry companies again in 2019.
From the end of the 2013-14 marketing season through April 2019, corn rarely topped $3.75 per bushel. Historic flooding then stymied planting efforts, stoking bullish sentiments. Roughly two-thirds of intended corn plantings were completed by June, well short of…