forbes business website says 40% of US corn production is sent to ethanol plants, 45% US corn production is used for livestock feed, 15% is used for food and beverages.Those could be somewhat dated statistics, because ethanol production is declining. When an e-plant takes in corn it would all be converted to ethanol with a by product of DDG's produced at the same time as processing the ethanol. Would not think they only process one half of what corn they purchase to ethanol as you stated. Ethanol demand is a important component of corn market price some have estimated 0.25 per bushel.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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