Cattle feeders feel effects of ethanol's need for corn
"Ask John Van Pelt his thoughts on ethanol, and he's likely to pull out his adding machine and let the numbers speak for themselves.
Van Pelt, the manager of a cattle feedlot in this town 50 miles south of Amarillo, is now paying $215 a ton for cattle feed — double what he spent just three years ago. With 20,000 cattle in his yard, that works out to about $25,000 per day, just in feed, and what could become several million dollars in added costs this year."
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