As the prices continue to climb in food stores, the gas pumps, and practically everywhere else...this news comes out!
Of course, most of us already knew this was going to be the case but weren't aware of the exact numbers! I don't know about you, but I am getting sick and tired of having to pay more and more of my meager funds to just get by!
It makes me especially mad when I hear that the president is planning to raise ONE BILLION DOLLARS to get re-elected! But I guess that's the way it goes in politics! Never mind that the average working man is having a harder time putting food on the table, never mind that so many of the jobs have disappeared that paid for that food on the table, never mind that the cost of medicines and health care has risen to the point that many of the elderly are having to choose between food and medicine!
This story just shows that things are not looking too good for the near future!
US corn reserves expected to fall to 15-year low
– Fri Apr 8, 10:40 am ET
ST. LOUIS – Rising demand for corn from ethanol producers is pushing U.S. reserves to the lowest point in 15 years, a trend that could lead to higher grain and food prices this year.
The Agriculture Department on Friday left its estimate for corn reserves unchanged from the previous month. The reserves are projected to fall to 675 million bushels in late August, when the harvest begins, or roughly 5 percent of all corn consumed in the United States. That would be the lowest surplus level since 1996.
The limited supply is chiefly because of increasing demand from ethanol makers, which rose 1 percent to 5 billion bushels. That's about 40 percent of the total crop.
But the increase didn't alter the agency's overall estimate, mostly because livestock producers are expected to scale back their corn purchases.
The Agriculture Department estimated that demand from livestock producers fell 1 percent to 5.15 billion bushels.
Crops prices rose about 1 percent to $7.67 during morning trading, shortly after the report was released. The price of soybean rose 1 percent to $13.80 a bushel. Wheat was virtually unchanged at $7.76 a bushel.
Corn prices affect most products in supermarkets. Corn is used to feed the cattle, hogs and chickens that fill the meat case, and it is the main ingredient in cereals and soft drinks.
Those home gardens are looking better and better all the time! I do hope that everyone has at least 6 months worth of preps in the pantry, but having at least a year would be better! I can only urge those of you that don't have plenty of food and necessary items set aside...to please get them together now! Find some way to stock up! Things are NOT going to get any cheaper for a long time, so do what you need to do to take care of you and yours!
The future, such as it may be, is there for you to plan for, understand?
How about some fresh coffee on the patio? Don't worry, I've got enough to share!