Geoff Cooper Addresses Attendees at Export Exchange
by Jamie Johansen (DomesticFuel.com) Attendees for the 2012 Export Exchange were the audience for Renewable Fuels Associations’s Geoff Cooper. Geoff serves as the organizations Vice President and spoke to over 500 of the worlds feed producers, marketers and buyers. He explained that distillers grains and other ethanol co-products have become a tremendously important component of the global animal feed market.
“The American ethanol industry produced nearly 39 million tons of nutrient-dense animal feed in the 2011/12 marketing year, meaning the ethanol industry has surpassed the U.S. soybean crushing industry in terms of feed production,” Cooper said. “The feed produced by the ethanol industry is nourishing beef, dairy, swine, poultry, and fish around the world. About one-quarter of the feed co-products generated last year were exported to more than 50 countries.”
…As crop conditions deteriorated in July and August and corn prices increased, corn use for ethanol dropped by almost 15 percent. That means the ethanol industry reduced its corn consumption by about 600-700 million bushels on an annualized basis in less than two months’ time. Without a doubt, the ethanol industry has not been spared from the effects of the drought.” READ MORE (includes audio) and MORE (Renewable Fuels Association) and MORE (Ethanol Producer Magazine) and MORE (DomesticFuel.com includes audio) and MORE (DomesticFuel.com)
