High corn prices are here. I'm not talking sweet corn, but rather field corn used to make animal feed, or processed as an ingredient to make food for us. The U. S. will be a net importer this season, and prices are high. Look for more "grass fed" beef as the season wears on. I also predict lower grades of beef as feedlot times are shortened. (less prime and choice). Farmers can get by without corn for cows and sheep, but commercial pork and chicken production requires lots of corn.
Congress may cut the ethanol mandate to make more feed available, but if I were getting laid of at my ethanol job, I'd be unhappy. There are no easy choices. Congress has a big job when they come back. Please don't turn this into a political discussion.