Showing posts with label Supply. Show all posts
Showing posts with label Supply. Show all posts
Thursday, February 7, 2013
Ethanol Refinery Suspended
(2/7/2013) One ethanol refinery in Missouri will suspend their operations because it cannot find enough corn. The drought has taken tolls on U.S. farmers and corn is one crop that took the biggest hit. Corn price on 2/7/2013 is $7.22 per bushel, which is close to its 2008 peak. The dream of sustainable biofuel fades away very soon.
Monday, September 24, 2012
Food Shortage Episodes
Story 1: Global Bacon Shortage? Oh, no (9/24/2012)
Ya, bacon shortage will really cause an riot. Some farmers and economist have responded to this news by saying it will all return back to the economics basic: if it is profitable to turn soy beans into protein, some farmers will still raise pigs. The consumers just pay a higher price. (9/28/2012)
Let us trace back the cause of future potential shortage:
Potential Bacon shortage in the future <-- Farmers cut the size of herd <-- High pig-feed cost <--global failure of maize and soya harvests <-- Drought? Higher fuel cost? Demand for biofuel?
Ya, bacon shortage will really cause an riot. Some farmers and economist have responded to this news by saying it will all return back to the economics basic: if it is profitable to turn soy beans into protein, some farmers will still raise pigs. The consumers just pay a higher price. (9/28/2012)
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