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Chicken comes home to roost

Told you so, told you so. But to those who did not care to be lectured about the dangers of dipping into the food chain for fuel fiascos, you enjoy that Super Bowl!

Due to the high cost of corn and feed prices, chicken companies produced 1 percent fewer birds than last year, meaning we have a chicken wing shortage on our hands this year. Huffington Post reported that the supermarket cost of a pound of chicken rose in cost by over $1.97 from last year’s price. So that chicken you bought last year at $0.55/per pound is now going to cost you a whopping $2.52/per pound.

“Chicken companies produced about 1 percent fewer birds last year, due in large part to record high corn and feed prices,” Said Bill Roenigk, chief economist and market analyst at the Washington, D.C.-based National Chicken Council.  “Corn makes up more than two-thirds of chicken feed and corn prices hit an all-time high in 2012, due to two reasons:  last summer’s drought and pressure from a federal government requirement that mandates 40 percent of our corn crop be turned into fuel in the form of ethanol.  Simply put, less corn equals higher feed costs, which means fewer birds produced.”

But you'll produce less gass, so I guess it all evens out.

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