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Ethanol Demand Raises Corn, Other Agricultural Prices 2007-06-15 13:18:30 (168 weeks ago) Posted By: Intellpuke (Read 827 times || 0 comments) The USA's unquenchable thirst for gasoline - and finding an alternative to what's been called our addiction to oil - has produced an unintended consequence: The cost of the foods that fuel our bodies has jumped. Beef prices are up. So are the costs of milk, cereal, eggs, chicken and pork. And corn is getting the blame. President Bush's call for the nation to cure its addiction to oil stoked a growing demand for ethanol, which is mostly made from corn. Greater demand for corn has inflated prices from a historically stable $2 per bushel to about $4. That means cattle ranchers have to pay more for animal feed that contains corn. Those costs are reflected in cattle prices, which have gone from about $82.50 per 100 pounds a year ago to $91.15 today. (story continues below) Your Ad Here Make a donation today to remove the advertisments! This Story Has Been Archived. To read the full story in the archives, please make a donation. Log In Now Admin Functions Edit Story Email To A Friend Email this story to a friend: Your Name: Their Email:   Related Stories (βeta) Greenspan Warns High Oil Prices May Slow Economy 2006-06-07 12:14:50 (Score: 36) U.S. Corn Soars To Record Price Due To Crop Flooding 2008-06-11 23:12:54 (Score: 34) Despite Link To High Food Prices, Bush Defends Ethanol 2008-05-03 17:37:37 (Score: 33) Rising Feed Costs Hit Poultry Giants 2008-07-26 14:59:25 (Score: 33) Farmers Are Siphoning Corn To Fuel Our Cars 2008-04-30 02:56:50 (Score: 32) Bush Seeks $770 Million More For World Food Aid 2008-05-02 15:22:43 (Score: 30) U.S. Energy Dept. Says Oil, Gas Prices To Stay High 2008-06-11 15:21:34 (Score: 29) Mexican Farmers Protest U.S. Trade Pact 2008-02-01 00:46:45 (Score: 29) Gov't accidentally allows genetically modified corn into food supply. 2005-03-25 14:46:17 (Score: 29) California's Emission Standards 'Unconstitutional' Say Oil Industry And Trucking Groups 2010-02-03 17:58:27 (Score: 28) Falling Prices Raise New Fear: Deflation 2008-11-21 14:13:39 (Score: 28) DOH! World Food Prices Will Remain High 2008-05-29 15:02:39 (Score: 28) Mexico Grapples With Soaring Prices For Corn, Tortillas 2007-01-27 03:06:53 (Score: 26) U.S. Wholesale Prices Jumped In January, Feeding Inflation 2008-02-26 14:29:06 (Score: 26) In U.S. Farm Country's Boom, Hints Of A Bubble 2008-08-20 03:36:54 (Score: 26)   Readers Comments Add your own comment. (Anonymous commenting now enabled.)

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