In case you haven’t cracked open your issue of All About Feed, here’s the latest in animal feed news:
(Of course, my column reported this more than a month ago. I guess some of us keep more up to date on our World Agricultural Supply & Demand Estimates.)
At the same time we find out that the U.S. is now the world’s largest exporter of ethanol. Think about that for a minute. Here is a fuel that would not exist without subsidies, and we’re exporting it.
Meanwhile, ethanol futures are rising because the price of corn is rising. Considering that we’re required to mix ethanol with our gasoline, this could drive up fuel prices even as oil falls.
NPR reports that this corn climb is roiling markets:
One of the arguments against political interference in markets is that it creates distortions and uncertainty. On that score, corn is king.
