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Should the Ethanol Bubble Burst?
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I am not questioning the economics of the production of ethanol or the resultant DDG. What I want to know is whether ethanol production is reducing the supply of animal feed and thus driving up the price of animal food products as is widely reported. Corn that would have been used for feed is diverted in to a process that produces ethanol and a byproduct that is used for animal feed. In this process overall, is there a net increase or net decrease in the corn based animal food supply in terms of total nutritional content? I always hear that it is the latter.
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