USDA: Ethanol-driven feed costs cut U.S. meat output
High feed costs, created by the explosive growth of the fuel ethanol industry, will lower U.S. beef and broiler chicken output this year by a quarter billion lbs from earlier forecasts, the U.S. government said on Friday.
The Agriculture Department said beef output would dip by 62 million lbs and chicken by 124 million lbs from last month’s estimate, with total red meat and poultry production forecast for 90.359 billion lbs. Cattle, hog and poultry feeders say abrupt increases in feed costs — predominantly corn — are squeezing their operations.
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Posted: March 12th, 2007
at 1:29pm by bujinkan
Categories: current events,ethanol,fo' real?,mnp is for the aminals,news,uh oh
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