Bone metabolism responds to long-term energy balance, but is also regulated acutely by feeding. In vitro, animal and human studies have demonstrated complex effects of feeding on bone metabolism, which may be mediated through multiple interacting pathways. The most important mediators of the effects of feeding on bone metabolism are likely to be enteric and pancreatic hormones, such as incretins, amylin, preptin, pancreatic polypeptide, and peptide YY. These mediators may regulate bone turnover by direct effects on bone cells and through central nervous system pathways. Small human studies have been conducted to assess the therapeutic potential of these mediators, and although not all had significant effects, this is promising field for new treatments. Dietary composition may also influence bone metabolism, for example protein intake may exert effects through IGF-1, and acid-base balance may influence osteoclast activity and renal calcium excretion. In conclusion, bone metabolism is regulated by long-term energy balance, acute effects of feeding and dietary composition, and there are likely to be multiple interactions between these processes. Some of the endocrine mediators of feeding and bone metabolism have potential as therapeutic agents.