Good news, unless you are a corn farmer.
 

Farmers should also be able to feed their cattle with cheaper corn since ADM won't turning so much of it into alky. Win - win.

Steaks for everyone !

:drool:

I don't know if it's good news or not when I read this line: "phase out corn as a source of ethanol for blending into fuel and replace it with cellulosic waste materials."
Could be from bad to worse...

They should take it out all together!

The cellulosic waste is actually baled corn stalks. The problem is logistics. Pretty easy to haul corn around, pretty much impossible to haul enough large bales of stalks to keep an ethanol plant going. I thought I read this winter one of these companies doing this have pretty much given up.
One thing that livestock feeders have gotten out of ethanol, one by product is dried distillers grains. They are whats left over after ethanol is made. It is a great feed ingredient for livestock because the protein is more concentrated than corn itself, and its cheap.