Livestock Feed Costs: Concerns and Options

Description

Sharply higher feed costs, fueled by competing use demands for corn and soybeans and by rising energy prices, are affecting the beef, pork, dairy, and poultry industries. In contrast, wholesales prices for most animal products have held steady. Some analysts argue that current public policies, including financial incentives that divert corn from feed uses into ethanol production, have exacerbated if not caused these higher costs. Other factors include crop production declines due to weather, and higher global demand for consumption. Proposed options aimed at easing the impacts of higher feed costs include changes in ethanol incentives, use of conservation land ... continued below

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Becker, Geoffrey S. June 30, 2008.

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Sharply higher feed costs, fueled by competing use demands for corn and soybeans and by rising energy prices, are affecting the beef, pork, dairy, and poultry industries. In contrast, wholesales prices for most animal products have held steady. Some analysts argue that current public policies, including financial incentives that divert corn from feed uses into ethanol production, have exacerbated if not caused these higher costs. Other factors include crop production declines due to weather, and higher global demand for consumption. Proposed options aimed at easing the impacts of higher feed costs include changes in ethanol incentives, use of conservation land for forage use, and direct aid to producers.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • June 30, 2008

Added to The UNT Digital Library

  • Dec. 11, 2008, 8:32 p.m.

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  • Jan. 26, 2017, 2:28 p.m.

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Becker, Geoffrey S. Livestock Feed Costs: Concerns and Options, report, June 30, 2008; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs10763/: accessed November 19, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.