Posted by Todd Zywicki:
HIGH-FRUCTOSE CORN SYRUP:

   I have gotten comments from a number of readers on my passing comment
   on high-fructose corn syrup ("HFCS") in my [1]prior posting on soft
   drinks and obesity. I am not an expert on this particular aspect of
   the debate--I just noted the point to express my acknowledgement that
   the THEORY soft drink consumption might lead to increased obesity
   seems plausible, and the focus of my post was on whether there is
   empirical support for the argument (which I argued that there was
   not). I stand by the latter point, but have gotten several interesting
   comments that I thought were worth elaborating on the sceintific
   point.
   In the [2]update to that post I noted the clarification offered by
   FROG of the physiology of HFCS metabolism and his questions about the
   science.
   Joe Hicks has alerted me to some other sources that discuss the
   science that underlies the hypothesis that HFCS can lead to obesity.
   The first is the [3]article that I had read that prompted my
   recognition of the theory in the first place. It is by Bray, Nielsen,
   and Popkin from the American Society for Clinical Nutrition. I was
   going to post the abstract, but it is extremely technical (the article
   itself contains some useful graphs that lay out the theory and
   evidence in an accessible way).
   A less technical discussion is also provided on Dr. Joseph Mercola's
   web site, "[4]Six Reasons Why Corn Is Making You Fat."
   As I said, I have no dog in this hunt, as the data appears to me that
   soft drink consumption has been constant for the past 15 years and my
   understanding is that the formula for soft drinks has been basically
   constant over that time. On the other hand, HFCS has been added to a
   large number of other foods during that period, as noted by Bray,
   Nielsen, and Popkin, so if the effect is large enough it could play
   some role in rising obesity. They observe in the article, "HFCS has
   become a favorite substitute for sucrose in carbonated beverages,
   baked goods, canned fruits, jams and jellies, and dairy products."
   In my mind hard to believe that increased HFCS explains the whole rise
   in obesity, however. First, increased obesity is a worldwide
   phenomenon, so the HFCS model would have to be generalizable. Second,
   there has been a dramatic increase in the obesity of dogs and cats in
   the United States (estimates are that some 25-40% of American dogs are
   overweight or obese), and I'm pretty sure they aren't drinking too
   much Coke!
   On the other hand, let me stress that it might still be appropriate to
   ban vending machines at school, although it will do little to combat
   obesity. I think a strong argument can be made that the problem with
   vending machines is that they permit children to consume junk food
   without parental supervision and on that basis alone it might be
   appropriate to ban them. It is probably time to do something about the
   terrible state of the school lunch program, which seems to be a
   nutritional disaster (but I'll leave it to someone else to sort that
   out).
   Also, it should be noted (as many readers observed as well) that the
   initial impetus for the substitution to HFCS was the United States'
   ridiculous sugar agriculture policies, which jacked up the price of
   sugar so much as to force a substitution to corn sweetners in soft
   drinks in the first place (although I understand that HFCS is also
   more chemically stable as well, which explains part of the
   substitution, especially for processed bake goods).
   Thanks to both Matthew Malewski and Joe Hicks for all this great info.

References

   1. http://volokh.com/archives/archive_2004_08_21.shtml#1093448047
   2. http://volokh.com/archives/archive_2004_08_21.shtml#1093448047
   3. http://www.ajcn.org/cgi/content/full/79/4/537
   4. http://www.mercola.com/2004/apr/10/corn_fat.htm

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