Livestock Groups Ask Obama to Suspend Ethanol Law on Drought
Bloomberg
By Elizabeth Campbell and Mario Parker - Jul 30, 2012 12:43 PM CT
Livestock and poultry producers formally asked the Obama administration today to suspend the nation’s renewable fuels standard because it is causing “severe economic harm” as corn prices surged to a record.
A coalition including the National Cattlemen’s Beef Association and National Pork Producers Council, sent a petition to the Environmental Protection Agency today asking for a waiver “in whole or in substantial part” the output requirements under the Renewable Fuels Standard for 12 months.
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