Corn futures are trading at 10-year highs, which could mean a pricier hamburger or breast of chicken come the fall of 2007."Higher priced grain means higher priced livestock," said James Roose, vice president and analyst for U.S. Commodities Inc.
And higher priced livestock can mean higher wholesale meat prices that get passed onto you, the consumer.
If corn prices remain high - which they may given the increased demand for corn to produce not only feed but ethanol, the renewable fuel source that's been on many a politician's lips in the past year -- Roose estimates that the price of a steak or burger could go up as much as 20 percent to 30 percent.
