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January 9, 2012

Ethanol eats more corn than cows as herds drop: chart of the day

Ethanol refiners are consuming more of the U.S. corn crop than livestock producers and will remain the top users until at least 2014 as government mandates and exports boost fuel demand, according to North American Risk Management Services Inc.

The CHART OF THE DAY shows that corn use for ethanol rose almost fourfold from 1.323 billion bushels in 2005 to 5.021 billion, exceeding 40 percent of the total harvest last year. Feed, which previously accounted for the biggest share of the crop, fell 22 percent during the period to 4.792 billion as livestock and poultry farmers turned to alternative feed, including dried distillers grain, an ethanol byproduct.  Read More

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