As drought devastates this year's corn crop, analysts are keeping an eye on corn prices. One major concern is that food prices will spike because of poor yields. Sue Schulte with the Kansas Corn Growers Association says it will take a while for those price increases to show up at the supermarket.
Schulte said the items that will be most immediately affected are milk and beef, because corn is used as cattle feed.
Foods Connected to Corn Could See Price Hike
Items made with corn could end up costing more at the grocery store because of the drought. Sue Schulte is a spokeswoman for the Kansas Corn Growers Association. She says that any increase in prices is likely to take a while to show up in the supply chain...with one major exception.
Schulte says the price of corn flakes, corn sweeteners or corn meal will likely increase...but not for several months.