August 17, 2022: Dairy Week In Review

The latest USDA World Supply and Demand Estimates report reduced corn acres a slight 100,000 acres (-0.1%) to 89.8 million acres, while yield was adjusted down 1.6 bushels (bu) per acre, or  0.9 percent, compared to last month’s report to 175.4 acres. There were 3.6 million fewer acres planted in corn this year compared to last year. As a result, fewer acreage with lower yield translates  to less production as indicated by the total corn production estimate of 14.4 billion bu, a 756 million bu (-5%) drop compared to last year. Read More