The Breakeven Price of Corn for the Hog and Ethanol Industries (08/03/2016
Both hog and ethanol producers use corn as a main input in their industries. The Table below indicates, U.S. domestic corn consumption is mainly split between corn use for ethanol production and corn use as feed. According to the July 2016 USDA’s projections, 45.3% of the 2016/17 total domestic corn use (12.150 billion bushels) will be for feed and residual use and 43.4% for ethanol (and co-products) production.
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