The National Cattleman's Beef Association says it supports "second generation" ethanol, which does not use corn or other 'feed and food' products.
Ethanol made from corn, they say, drove up the price of corn and therefore their price of doing business and, even to the current day, is affecting the cost of feeder cattle.
I guess they missed the news flash – it wasn't ethanol, folks. Corn prices skyrocketed and that hurt your bottom line. But it wasn't ethanol that raised those prices…
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