Food Prices Up

By: Associated Press
By: Associated Press

Widespread drought has prompted the U.S. Agriculture Department to slash its estimated forecasts for grain and soybean production.

The conditions could drive up food prices. Federal officials lowered their estimate today for corn production by seven percent from last year.

The Agriculture Department said soybean production is expected to be down nine percent from last year.

Corn and soybeans are used in hundreds of food products and used as feed for hogs, cattle, chickens and other livestock.

A nine percent drop is estimated for cotton production. Areas that have been severely affected include agricultural states in the Atlantic Coastal Plain, the Western Corn Belt, Great Plains and the Ohio Valley.


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