McAlester News-Capital, McAlester, OK

National News

June 29, 2012

Drought threatens U.S. food prices

— A drought in the Corn Belt and elsewhere in the Midwest has pushed the bushel price up about 27 percent in the past month alone, and there is little sign of rain in the near future, a forecast that could soon push up food costs across the country, meteorologists say.

 Last week, 63 percent of the corn crop was rated in good or better condition, according to the Agriculture Department. This week, that figure had fallen to 56 percent.

 Concerns arise as the crop approaches pollination, a particularly sensitive two-week period when bad weather can inflict significant damage.

 "You only get one chance to pollinate over 1 quadrillion kernels," said Bill Lapp, president of Advanced Economic Solutions, a Omaha-based commodity consulting firm. "There's always some level of angst at this time of year, but it's significantly greater now and with good reason. We've had extended periods of drought."

 Corn is the most valuable U.S. crop, and its price has ripple effects across a wide range of food prices.

 Rising corn prices mean higher costs for beef producers who use it to feed their livestock; it also means that some fields planted with other crops will be shifted into corn production. In addition, it puts upward pressure on the price of ethanol.

 "Getting a big corn crop is important for everyone," said David Anderson, an agricultural economist at Texas A&M.

 In less than a month, the future price of a bushel of corn has risen from $4.99 to $6.33, Lapp said. The supply of corn in the United States, meanwhile, is down about 8 percent from last year, according to Agriculture Department statistics.

 The area affected by the drought is a swath of the Midwest that reaches as far west as Kansas, as far south as Arkansas and as far east as Indiana, according to the National Weather Service, and the dry condition have come on fast.

 Last week, about 19 percent of the contiguous United States was facing drought conditions characterized as severe or worse. This week that percentage had grown to 24 percent, according to federal forecasters.

 "Based on the drought outlook, the potential for further degradation is very high, and the potential to reach exceptional levels of drought - where there are major crop failures - is very high," said Matthew Rosencrans, a weather service meteorologist. "The climate signals we are looking at right now don't correlate with wetness in that region."

 Jay Armstrong, owner and operator of Armstong Farms in Kansas, flew his small plane over a portion of the affected area and landed with the impression that the potential damage is far worse than is commonly understood.

  "At this time of year, when you look down in a place like Indiana or Illinois, you should see just lush green fields," Armstrong said. "I saw bare soil. I just thought to myself, the market has no idea what's coming."

 

 

1
Text Only | Photo Reprints
National News
  • To sleep well, you may need to adjust what you eat and when

    Sleep.  Oh, to sleep.  A good night's sleep is often a struggle for more than half of American adults.  And for occasional insomnia, there are good reasons to avoid using medications, whether over-the-counter or prescription.

    April 16, 2014

  • 5 Things to Know Taxe_Brac.jpg Tax Deadline!

    The deadline for filing taxes is midnight Today, Tuesday, April 15, 2014.

    April 15, 2014 1 Photo

  • Don't blame voters for low turnout

    Suppose nobody votes this year. On Nov. 4 the doors to the polling places are thrown open, and there isn't anyone in line. No absentee ballots are filed. No one litigates, charging either fraud or discrimination, because there weren't any voters.
    It won't happen. But if it did, pundits and activists would surely blame public apathy for such a catastrophe. I'd name a different culprit: the major parties, their candidates and their acolytes in the news media.

    April 7, 2014

  • Starbucks to expand evening alcohol sales to thousands of stores

    Starbucks will expand its evening alcohol and light bites menu, which includes bacon-wrapped dates and Malbec wine, to thousands of stores, Chief Operating Officer Troy Alstead said in a phone interview. The rollout, which can help boost sales, will take several years, he said.

    March 25, 2014

  • news_clinton.jpg Americans in poll don't believe Christie or Clinton

    Americans aren't buying the explanations offered by Chris Christie and Hillary Clinton about controversies that could stand between them and the White House if either runs for president in 2016.

    March 14, 2014 1 Photo

  • news_google.jpg First Apple, now Google hit with kids' app lawsuit

    Last month, 4- and 5-year-old brothers in New York quickly spent $65.95 in real money to buy virtual goods in Marvel's Run Jump Splash game on the family tablet. They were able to rack up the charges without entering a password. And for that, the boys' mother has joined a class-action lawsuit filed Tuesday against Google, accusing the company of deceiving consumers about its in-app purchase system, which critics say makes it too easy for kids to spend money on their Android devices.

    March 13, 2014 1 Photo

  • VIDEO: First month of Colorado pot legalization brought in $2M in tax revenue

    The first month of recreational marijuana sales in Colorado brought in about $2 million in tax revenue, the first indicator of the earning potential of the U.S.’s premier legal pot market.

    March 13, 2014

  • Screen Shot 2014-03-13 at 10.07.38 AM.png VIDEO: Wild car chase in Denver

    Denver police apprehended a man who led them on a wild chase in three different stolen cars Wednesday after a four-year-old boy was reportedly kidnapped from a gas station.

    March 13, 2014 1 Photo

  • How virus sleuths and public health officials track the cause of a mysterious illness

    When a mysterious disease fells people - as happened in California recently, with as many as 20 children experiencing unexplained paralysis - teams of physicians and epidemiologists quickly mobilize. Perhaps you saw the movie "Contagion"? The idea is to find the culprit before it spreads but also to prevent public panic.

    March 13, 2014

  • ERIC-HOLDER.jpg Holder: Heroin deaths an 'urgent and growing public health crisis'

    Attorney General Eric Holder, calling the rise in deaths from overdoses of heroin and prescription painkillers an "urgent and growing public health crisis," is outlining a series of efforts by the Justice Department to combat the epidemic.

    March 12, 2014 1 Photo

Seasonal Content
AP Video
Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case Author Gabriel Garcia Marquez Dead at 87 Beau Biden Plans 2016 Run for Del. Governor Chelsea Clinton Is Pregnant Horseless Carriage Introduced at NY Auto Show Obama Hopeful on Ukraine, Will Watch Russians Flamingo Frenzy Ahead of Zoo Construction Crew Criticized Over Handling of Ferry Disaster Agreement Reached to Calm Ukraine Tensions Raw: Pope Francis Performs Pre-easter Ritual Boston Bombing Survivors One Year Later Sister of Slain MIT Officer Reflects on Bombing
NDN Video
The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday Don't Be A Tattletale: Bad Bullying Tips For Students The trillest thoughts on marijuana "RHOA" Star Charged With Battery Grizzly Bears Get Snowy Birthday Party Weatherman draws forecast when another technical glitch strikes WGN Elizabeth Olsen's Sexy Shoot Bay Area Teen Gets Prom Date With Help From 'Breaking Bad' Star Boston Bomb Scare Defendant Appears in Court Behind The Tanlines Jersey Strong Part 1
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.