NEWS FLASH!!! - Ethanol plants produce a co-product. It is called animal feed DDGS (Distillers Dried Grains) You take feed corn to the ethanol plants & you get back both food & fuel!!!
Cattle that would have eaten the corn grain and soybean meal to supplement their diet, now eat distillers grains as that part of their balanced diet. Equal or better performance (rates of gain for beef cattle or milk yield in dairy cows) are usually reported from cows with up to 20% of their diet from distillers grains are compared with control diets.
Ethanol is only made from the starch in the corn. DDGS contain all the protein that was in the corn. Protein is what builds muscle, not starch. Muscles = Hamburger. The corn starch caused methane in cattle that was released into the atmosphere. It was not making beef, hamburgers, steaks or milk. Methane gas is 15 times more powerful of a greenhouse gas than CO2. Now this starch is converted into ethanol instead of methane gas.
Bernanke's printing press is what is driving up cotton, corn, oil & metals prices. All commodities have risen big-time in price. Even the price of water (the most plentiful comodity) is going up.