Mid-States Beef is a commercial feedlot business. Currently, the compa

Mid-States Beef is a commercial feedlot business. Currently, the company has over 10,000 cattle in feedlots. Mid-States is concerned that the price of corn, the grain fed to the cattle, will increase significantly.

The risk that the price of corn may increase and harm the profitability of Mid-States Beef’s operations is a(n)
A) currency exchange rate risk.
B) property risk.
C) commodity price risk.
D) interest rate risk.

ANSWER

Answer: C

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