Posted by IaGary on February 25, 2011 at 08:02:05 from (216.51.227.72):
When corn is $4 a bushel there is 5.6 cents worth of corn in a 18oz box of corn flakes. When corn goes up to $6 a bushel there is 8.6 cents worth of corn in that box.
A liter of soda pop has 3.3 cents worth of corn at $4 a bushel. 5 cents when corn gets to $6 a bushel.
It takes 12.6 cents worth of corn to produce a gallon of milk when corn is $4 per bushel. 19.3 cents at $6 per bushel.
Cost to produce one pound of meat goes up about 10 cents for beef 13 cents for pork and 10 cents for chicken when corn goes up from $4 per bushel to $6.
I guess my point is when corn goes up to $6 it does not greatly affect the cost of food.
Costs to produce a box of corn flakes goes up 3 cents a box and the processors raise the box by a quarter.
Just keep this in mind when grain prices get up to where they have been lately.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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