The Renewable Fuel Standard under the Energy Independence and Security Act of 2007 mandated the production of 60.5 GL (1 GL = 1 × 10⁹ L) of cellulosic biofuel by 2022. Switchgrass (Panicum virgatum) has been identified as a primary feedstock because it is a perennial adapted to a wide environmental range and produces high yields. Development of the cellulosic biofuel industry has been slow, one reason being a lack of available feedstock driven by lack of a developed market. Rather than considering it only as a dedicated biofuel feedstock, we examined switchgrass potential for both grazing and biofuel feedstock. In a series of experiments testing dry matter yield, grazing preference and animal bodyweight gain, switchgrass (cv. Alamo) was found to produce greater total yield (17.7 kg ha^–1) than 15 other warm-season perennial grasses, was the most preferred by stocker cattle in a grazing preference study, and produced good average daily gains in a grazing study (0.84–1.05 kg head^–1). These results demonstrate the potential of switchgrass for both grazing and biofuel feedstock. However, the feedstock price would need to increase above US$83 Mg^–1 before the economics of dedicated switchgrass feedstock production would surpass that of a combination of switchgrass grazing and feedstock production.