We've been covering the ongoing debate on whether or not ethanol is to blame for the increase in corn and feedstock prices, and opinions on both sides seem to be pretty strong. According to Pilgrim's Pride President and Chief Executive
So, is ethanol production really to blame for the 1,100 lost jobs at Pilgrim's Pride, or is it a convenient scapegoat for other problems? We honestly can't say, but no matter what the answer to that question is, we sincerely look forward to the breakout of cellulosic ethanol which is a much more efficient process in any case.
[Source: Dow Jones Newswire]