Impact of flood on grocery prices expected to hit stores November/December

I find it interesting that even though corn market prices are up and corn futures are even higher, market prices for feeder cattle are down.

What many who are not associated with the industry do not know, is that most cattle producers, including dairy producers, feed little actual corn to their animals. Byproducts of ethanol production, in the form of corn gluten is readily available at a reasonable cost to farmers to use as feed. Byproducts from the processing of wheat, soybeans, cotton, peanuts and even sugar beets are used as feed sources. Even the corn stalk is cut and baled after the corn itself is harvested, and later fed and/or used for bedding for cattle. Wheat straw left after the wheat is harvested is also used for feed and/or bedding.

While the cost of production for beef and dairy products is ever increasing, the majority of the increase that the consumer pays does not revert back to the farmer.

I'm thinking that it would be a good measure to stock my kitchen and pantry very well in the next few months, and perhaps do a lot of early Christmas shopping - at least as much as the bank account allows!