Saturday, March 22, 2008

Price Of Eggs Up 23 Percent

The average price of eggs rose 23 percent in some parts of the U.S. The rise in price is the result of higher costs that farmers must pay for the grains make chicken feed.

Federal policies designed to encourage ethanol production have caused two separate shifts. Corn farmers have been selling more of their harvest to be processed into fuels, and that has driven up the cost of the part of the crop that goes into various animal feeds.

The lure of the ethanol market also has caused many farmers to replant what normally would be soybean acres into corn, Sumner said. The resulting drop in soybean acreage has boosted prices for that versatile crop, which is the other key constituent of henhouse cuisine.

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