June 15, 2022: Dairy Week In Review

USDA’s Ag Supply and Demand Estimates report didn’t bring any relief for higher feed costs. USDA now estimates that 1.485 billion bushels of corn will remain in storage at the end of this  growing season, up from last year’s ending stocks and bigger than trade expectations. Still, the higher stocks didn’t bring any relief to the higher corn prices, which were up on the futures market  this week. In its report, USDA left the season-average farm price received by producers for corn unchanged at $6.75 per bushel. Soybean exports were increased by 30 million bushels. Read More