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Sign of the Times

The latest edition of Jefferies Market Update points out that “U.S. hay, the country’s third-largest crop by value, is now cheaper to ship to China from southern California than to central California as ocean freight costs about $30 per short ton while the same cost for trucks is $53 per short ton. It ain’t just hay.

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Written by: | Categories: Freshly Minted, The Week in Review | August 18th, 2011 |

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