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Demand for Ethanol May Hike Food Prices
The U.S. Department of Agriculture said in January that if corn prices rise by $1 a bushel, grocery shoppers should see the price of pork rise about 3 percent within a couple of years...
Pat Westhoff, an agricultural economist at the University of Missouri-Columbia, noted that 6 billion bushels of corn are fed to livestock each year. Even if th % qpice were to increase by $2 per bushel, the $12 billion increase in feed is little compared to what consumers spend shopping.
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