Good ideas. I spoke with one of the prominent ag economists at a midwest land grant college yesterday and he is thinking a 130 nat average based on crop ratings. That is more than the 2.5 bil you are talking about so act accordingly. He thinks IF we can keep yield above 135 that we can scrape by. Anything lower and the RFS will need to be reduced (or RINs created) at least as a temp solution. He thinks it won't need to happen before the end of the year (and as I reminded him no one will want to touch it before the election). It's not gonna be pretty for the livestock industry for sure. The cattle guys have a new economy with the ddgs. If they have to start feeding straight corn their matrix don't work too well. |