Quote:
Originally Posted by Armistead
Feed corn and other animal feed has doubled in price this time last year
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Bulk commodities did take a big hit with price over the last 16-18 months Corn going from $4.25 per bushel up to $6 on its high currently trading at $5.33
with the price high it also means transport costs have to become lower, MB to AB runs were ranging in the early part of 2020 $58 per MT now there at around $45MT
Now with fuel up at its high because the oil price is high WTI $74.98 per barrel that sort of costs per MT is not sustainable and indeed causes the transport companies a loss over all.
What that means is companies diverting to other goods or not operating