Wednesday, August 25, 2010

About those unintended consequences

While reading an article about the best and cheapest cuts of meat today, in light of the price increases over the last year (pork up 15%, chicken up10%, beef up 8%) I focused on this point, which I had seen before a long time ago:

[One reason for the increase in meat prices]: "The price of livestock feed went up when corn became the "it" crop for ethanol, and farmers cut back on their herds. Supply is down, but demand is still high."

I wonder if anybody in Congress or the White House figured in those numbers beforehand.

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