Well the prices of hogs and cows are also increasing because when feed prices increase the farmers have to slaughter the animals earlier as opposed to letting them grow into mature animals and breed, adding to their feed costs. As a result, meat stocks are slim.

The U.S. cattle herd is absolutely at its smallest level in decades, especially in Texas and other big open range areas where frozen crops and lack of top soil is dwindling feed supply. McDonald's has already said it would raise prices this year because of higher costs (Sorry, college kids, but Mickey D's dollar menu is probably a thing of the past).

BTW Egypt is indeed the largest importer of U.S grain in the world; even more than China. It would be a good idea to send some over there right now as a gift to perhaps help ease the tensions, especially if you buy into the notion that these are essentially food riots there.