With the livestock industry and fuel industry being forced to close plants and halt production, corn is taking a hit from both sides. RFD-TV’s Tammi Arender spoke with the National Corn Growers Association CEO Jon Doggett on his take on the crop’s market.
A recent survey by the NCGA shows the cash corn prices have fallen by 16 percent on average. Doggett says that it will likely take a very long time for the markets to recover.
Doggett adds, “We have a lot of work in front of us. It’s going to take a long time and a lot of pain.”
There is hope in the form of a weaker Brazilian crop and an increase in Chinese interest in U.S. ag exports.
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