Even though corn futures prices weakened after the June crop acreage report, using the iFarm price distribution tool there was still a 19% chance on July 9 that corn futures will be above $5 per bushel.
Brazil’s JBS SA, the world’s largest meatpacking company, said on Tuesday that rising prices for grain, the key raw material for feed, don’t show any hint of cooling off, forcing it to cut other costs.
Hot and dry cornfield conditions are breeding grounds for dangerous aspergillus ear and kernel mold that produces aflatoxins. This toxin is a carcinogen, can harm livestock and can lead to rejection at the elevator.
JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International BV in the United States despite corruption and food safety scandals, executives said,