Midwest's Bad Weather to Affect Your Grocery Prices

Today we could see the high water mark in parts of the Midwest still dealing with that devastating flooding.   The Mississippi River is expected to crest close to St. Louis.

The damage to America's breadbasket, though, is bound to be felt far and wide.

This highlights corn's role in so much of what we buy.  With less of it experts say consumers' wallets are bound to be strained further.

As the Mississippi River crests today in parts of Missouri, warnings of the ripple effects.

Missouri resident Chad Keeteman says "it impacts all of us whether you live here or whether you don't"

The flooding threatens to be the latest blow to Americans' pocketbooks.

The price of staples from beef to chicken to eggs to milk is expected to go higher as the corn that goes into feeding U.S. livestock gets even more scarce.

Farmer Jack Welch is trying to save his corn and soybeans.

Jack Welch says "you see with too much rain, even out here in the hills."

As it was corn prices were up, demand is high overseas, some is being diverted for ethanol use.

And the fuel costs of shipping it are higher.  Saudi Arabia's deal to pump out more oil is not expected to bring much relief.

Farmers paying $30 more this year to feed just one hog.  Pass that on to consumers, at about another 15-cents per pork chop!

Same story for U.S. beef and poultry producers.

Some owners have had to slaughter more than normal to cope with high feed costs.

There are predictions turkey producers could trim their flocks by ten to 15%, making the trickle-down effect crystal clear come holiday time, later this year.

As the rivers recede over the next week experts say the government will report how many corn acres were lost.  It will be an initial sign of the coming toll on American consumers.