December 14, 2022: Dairy Week In Review

USDA increased its projection for ending corn stocks, with exports lowered by 75 million bushels due to increasing competition. With no other changes, corn ending stocks were lowered by 75  billion bushels. The season-average corn price was lowered by 10 cents to $6.70 per bushels. Soybean ending stocks were also increased due to lower exports. The soybean price forecast was  unchanged at $14 per bushel, while the soybean meal price forecast was increased to $410 per ton. Read More