Chicken Came First
Used to be that the subject of gas and corn was not considered appropriate for polite conversation. And while I can’t claim the language is always polite, our clients in the protein industry (a/k/a chicken, beef, pork) have been discussing corn and gas for sometime. Ethanol that is. Now with today’s research report from Iowa State University http://www.card.iastate.edu/publications/synopsis.aspx?id=1050, I suspect it is a conversation that will soon be coming to a dinner table near you.
The study reports that US food retail prices have gone up 14%, because of ethanol. You see, there’s just not enough corn to feed both the coq co vin and the car.
Speaking for myself, I vote for the chicken. He can’t cross the road without it.
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Conversation came up in my grocery store this afternoon in the form of a sign posted in the meat department explaining why fresh poultry prices have increased so much in the last month.
It’s aggravating that out of all the fuel alternatives out there, this is the only one the government seems to want to back.