- New custody law for equal time for dads begins today; some question law's relevance (8/28/16)5
- Former alt-rock frontwoman tells how she found Christianity (8/29/16)2
- Ex-Southeast student gets probation for placing homemade sex video on porn site without woman's knowledge (8/24/16)13
- Bootheel lawmaker seeks probe into crop damage by illegal herbicide spraying (8/24/16)1
- Local priest met Mother Teresa, will attend canonization (8/31/16)
- Jackson girl stays planted on the farm (8/28/16)2
- Wal-Mart theft probe yields drug charges against woman (8/31/16)
- Newsmakers 2016: Liz Glastetter (8/15/16)
- Scott City School District introduces new preschool program (8/26/16)1
- Cape police: Illinois union president hit woman in head with rock (8/28/16)3
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.