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Report details future of grains, livestock feed and biofuels
Story Date: 7/19/2012
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Source: Lisa M. Keefe, MEATINGPLACE, 7/18/12
A new report details the major economic factors affecting grain production, livestock feed prices and biofuels, and outlines how those factors are likely to affect global food security given certain scenarios.
"Future Patterns of U.S. Feed Grains, Biofuels, and Livestock and Poultry Feeding" was produced by the Institute for Feed Education & Research (IFEEDER) on behalf of the American Feed Industry Association (AFIA) and The Council on Food, Agricultural and Resource Economics (C-FARE).
The analysis includes an economic outlook of how industry profitability, production efficiency and demand will be impacted as it pertains to U.S. feed grains and livestock and poultry feeding, the groups said in a news release. Along with the key driving factors of future livestock and poultry industries, this study outlines variables and potential effects, addresses questions not answered, and covers short-, medium- and long-term horizons.
For example, in the short-term, feed availability should improve, provided weather doesn’t impact grain production significantly. Beyond the short-term, the livestock and poultry industries need to keep an eye on things such as China’s demand for not only corn and soybeans but ultimately, meat, milk and eggs; the development of biobutanol; and potential growth in production of de-oiled distillers grains.
Dr. Robert Wisner, retired University Professor Emeritus, Department of Economics, Iowa State University, was the principal investigator for the study.
To read the full report, click here.
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