- Cape man gets 8 years for robbery, his first offense (12/7/16)9
- Abuse suspect tries to take cop's gun; officer zaps him with Taser and punches his face (12/7/16)3
- Group seeks to create a neighborhood park on Cape Girardeau's south side (12/7/16)14
- Post-election taunts reported at Jackson schools (12/2/16)28
- Man sentenced to 103 years for murder of Cape woman (12/6/16)4
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)34
- 3 students in custody for violent threat; no details released (12/9/16)15
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Lt. Gov. Kinder weighs in on Trump's win, his future plans (12/4/16)13
Rising corn prices mean higher costs for ethanol, livestock
DES MOINES, Iowa -- Rising corn prices have increased the value of Iowa's crop by billions of dollars, but financial experts say the spike in corn cost could harm production of ethanol.
Corn prices have risen to $5.55 a bushel after reports from farmers of decreased yields due to moisture damage to corn plants. Corn traded at around $3.60 in mid-June.
The Des Moines Register reports the rise means Iowa's corn crop's worth has gone from $13 billion in mid-June to more than $18 billion this month.
Des Moines commodity trader Tomm Pfitzenmaier of Summit Commodities says if the price of corn continues to go up, "ethanol production could come to a screeching halt."
The high prices also affect hog and cattle producers, who will see higher feed costs.