What the big fued was about was that they hate each other and elves pay out how small they look and how stupid their beards look... so the dwarves hate the elves because of that.
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There was not always animosity between the Elves and the Dwarves. Dwarves made the best armour and the elves often traded and bought and sold. The entrance was the primary access point for their dealings, and was placed their mostly for the purpose of the elves. The elves of Eregion were great craftsmen, and they traded and worked with the dwarves of Moria, and there was great friendship. This ended when Sauron revealed himself, slew the elves' king, Celebrimbor, and the Gates of Moria were shut.
There was no feud. The whole thing was a hoax perpetrated by both men. A joke.
They had a disagreement not a feud they were friends even after the show
The Great Grape Ape Show - 1975 Flying Saucery Thar's No Feud Like an Old Feud 1-3 was released on: USA: 20 September 1975
The cast of Family Feud - 2002 includes: Ogie Alcasid as Himself - Host