>> Short term, ethanol doesn’t impact the cattle market one way or another.
Ethanol is a giant boondoggle. Citizen rape of the most arrogant order.
(Although I can understand why Iowa likes it. Every misguided government policy has a few winners, and a whole lot of losers.)
Not just Iowa. A farmer in upstate NY switched to all corn to “feed” the nearby ethanol plant. He also bought additional acres. So all those “green” crops went out the window to service the well subsidized ethanol market.
Nothing is lost from the feed value by ethinol distillation.