May 17, 2010
Opinion: Ethanol has pushed up meat prices? Bull
Published in Des Moines Register
Bloomberg ran a story about the rising price of meat on April 26, suggesting that the demand for ethanol was to blame. This is ridiculous.
We are cattle feeders, as well as corn farmers, and know that corn and ethanol prices have been lower the past few months while cattle prices have enjoyed an increase of approximately 25 percent.
The public has been grossly misled about ethanol pushing up food prices.
It doesn't take a rocket scientist to figure out this is a fallacy because when ethanol prices came down, beef and food prices didn't follow.
Purdue University recently came out with a new study that cut ethanol emissions 10 percent over previous studies, showing that ethanol is a better option for reducing greenhouse gas emissions.
Many of the ...
