Yea, that article said only about a 1% change here in the US but I bet that will transfer to about 10-20% increase in prices.Just another way to hike the price.....
I read this article on Slate back at the end of July, noting the lunacy of the Ethanol policy. (the U.S. ethanol industry is using domestic corn to make ethanol (which we have to much of) and shipping that fuel to Brazil while domestic livestock producers are importing Brazilian corn so they can produce bacon in America.) The article said bacon prices would go up. Should have stocked up then.40% of our corn is going to make fuel that gives lousy mileage. Throw in the drought and you have a perfect storm.
Good luck and good smoking.
I read this article on Slate back at the end of July, noting the lunacy of the Ethanol policy. (the U.S. ethanol industry is using domestic corn to make ethanol (which we have to much of) and shipping that fuel to Brazil while domestic livestock producers are importing Brazilian corn so they can produce bacon in America.) The article said bacon prices would go up. Should have stocked up then. rock of chit