Elliott Dennis, Livestock Marketing and Risk Management Economist Galen Erickson, Nebraska Extension Beef Feedlot Specialist Photo credit Troy Walz. Listen to a discussion of the content in this article on this episode of the BeefWatch podcast. You can subscribe to new episodes in iTunes or paste http://feeds.feedburner.com/unlbeefwatch into your podcast app.The historical demand from China and domestically low stock-to-use ratios has led to the most recent run-up in grain prices. The direct impact of higher grain prices is…