i dont know that i agree that there would be any more of a feed meal glut than there is right now. all the grain that is being produced in this country today is being marketed to every conceivable use there currently is and we still have an oversupply. currently if commodity prices are high the grain farmer sell his produce to the majority of his crop or all anyone will take to food production and the livestock feeders get what is left, this causes high feed prices to the people feeding livestock and low livestock prices, on the other hand if commodities prices are low it then becomes more feasible to market their grain through the livestock because feed is cheap and more often than not when feedstocks are depressed, livestock markets are up. i am no economist and certainly not as educated as most of you on here seem to be, that is just my humble viewpoint from out here in the country where all of this stuff takes place. what i guess i am trying to say is that there is more than one way to market grains and oilseeds, and one more way, ie ethanol and biodiesel production only gives one more option of a way to market a product that we seem able to produce an abundance of. and hey, if the point comes to where grains or other fermenting stocks are too expesive to use for fuel, i would be willing to bet there will be someone willing to fire up a crude oil refinery and ease our econmic woes and the cycle could start all over again.
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