Escalating worldwide demand for corn is expected to cause the market price of corn to rise sharply and remain high  Although corn is extensively used as feed for livestock, livestock feed accounts for only a small fraction of the retail price of meat
Ttherefore, the increase in corn prices is very unlikely to produce any comparable long-term increase in the retail price of meat
The price of corn affects the retail price of a variety of other food products more than it affects the price of meat.