Declining corn prices have been seen by producers since the middle of summer – from $7.50 per bushel down to just below $4.50 – and have cleared the path to increased feeder profits going into the fall run.

When asked how long they expect to see the prices stay down, only 18 percent said they expected the market to swing back upward within a few weeks.

The majority – just over 41 percent – said the price drop should hold up over a long term, at least over a year. Another 40 percent said it would hold up no longer than a year.

The next poll from Progressive Cattleman also hits on the corn issue. Vote now on what you think of the EPA’s proposal for a reduced ethanol mandate.  end mark

How long do you expect to see the current price drop in the corn markets?

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  • It should hold up over a long term, at least over a year: 41.7%

  • A relatively short period, no longer than a year: 40.3%

  • A very short time. Expect the market to swing back upward within a few weeks: 18%