Corn Prices hit a two year high at the close of markets on Friday. Estimates of the size of this year’s crop are being cut an pushing prices up even higher according to MeatingPlace.com. Prices closed in Fridays market at $5.12 to $5.32 a bushel according to data collected by the Chicago Mercantile Exchange.
The rising corn prices pushed protein stock prices down. As much as a 2.73% decrease in protein stocks has been seen with the increase in corn prices.