The tug-of-war between feed and livestock is again favouring the supply chain's meat making side, and Asia is developing an appetite for red meat. Global agribusiness is currently in one of the most tumultuous, yet transformative eras of its modern history. Essentially, much like electronics or car making, feed-and-livestock is now a transnational business where a handful of countries supplies the rest of the world -and where inputs are sourced on one side of the world, transported to the other side, with the finished product sometimes exported back to the feed's region of origin.
America's revising of its EPA mandated ethanol output and large impending Latin crops follow on the heels of bumper US corn and soy harvests. Mid November saw one of the blackest Friday's possible for the corn market when the US Environmental Protection Agency (EPA) announced that it was proposing to cut its mandated ethanol production quota from last year's 14.4 billion gallons to somewhere between 12.7 to 13.2 billion gallons -approximately 8.3% to 11.8% less than in 2013.