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October 9, 2012

Impact of U.S. ethanol waiver would arrive year later: think tank

If the Obama administration relaxes the requirement to use corn-based ethanol in gasoline, the benefits would arrive a year later, with more corn available at lower cost for livestock feed and lower ethanol production, said a think tank on Thursday.
The governors of seven states in the U.S. South and Southwest have asked for a one-year waiver of the ethanol mandate on grounds it drives up feed costs and is bankrupting cattle, hog and poultry farmers. The corn harvest, now under way, is forecast to be smallest since 2004 because of drought. 
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