Biden’s Ethanol Move Boosts Producers, Worries Meat Companies

The Biden administration’s plan to temporarily allow higher ethanol blends in gasoline is set to boost U.S. ethanol producers like Archer Daniels Midland Co . , Green Plains Inc . and Poet LLC, while lifting demand for farmers’ corn, agriculture-industry executives and analysts said. 

The Biden administration said that increasing use of gasoline with 15% ethanol, known as E15, over the summer months would help lower consumers’ fuel costs, which have climbed following Russia’s invasion of Ukraine. The decision is seen as a win for corn growers and ethanol-producing companies, though some groups said they fear it could further inflate food prices by making grain more expensive.