WASHINGTON – The National Cattlemen’s Beef Association has asked the U.S. Senate Energy and Renewable Resources Committee to reevaluate the current renewable fuels policy and its use of feed grains.
“Cattlemen are now looking straight down the barrel of $7 corn, and that may just be the beginning,” said Gregg Doud, chief economist for the NCBA. “We already saw a lot of acres migrating away from corn this year, and that was before the wet spring pushed into June. By the time conditions improve in many of these fields, planting corn will no longer be an option.”