Escalating worldwide demand for corn has led to a sharp increase in the market price of corn, and corn prices are likely to remain high  Corn is extensive used as feed for livestock, and because profit margins are tight in the livestock business, many farmers are expected to leave the business  With fewer suppliers, meat prices will surely rise
Nonetheless, observers expect an immediate short-term decrease in meat prices
The increase in corn prices is due more to a decline in the supply of corn than to a growth in demand for it.