 AgResource Company President Dan Basse said the Renewable Fuel Standard announcement was much larger than expected. “At 5.6 billion gallons, that’s a 57 percent increase from where we’re at, big news for the biofuels industry.” The conflict in the Middle East sent crude prices higher, which hurt cattle markets. “If energy prices rise, how much disposable income will be spent going out to restaurants and buying that fancy filet mignon.”
