date:Jul 28, 2012
In addition to a temporary waiver of the mandate, Congress should pass a bill that would lower the federal Renewable Fuels Standard when U.S. corn supplies fall below a certain threshold, Smithfield CEO C. Larry Pope wrote in an editorial in The Wall Street Journal on Friday.
Smithfield buys roughly 128 million bushels of corn and corn equivalents each year to feed its hogs, making it one of the largest consumers of the grain in the U.S., Mr. Pope said.
Livestock and poultry producers are longs