September 14, 2022: Dairy Week In Review

USDA’s World Agricultural Supply and Demand Estimates report lowered forecasts for corn and soybean production. Soybean estimates were lowered by 152 million fewer bushels from August’s  estimates, with declines in both harvested acreage and yield impacting the decline. Soybean yields are now projected at 50.5 bushels per acre, down 1.4 bushels from last month. Beginning stocks  were increased, but the decline in both yields and acreage resulted in ending stocks falling about 93 million bushels to 4.433 billion bushels. US corn production was decreased by 415 million  pounds from last month’s estimates to 13.944 billion bushels, drive by both declining yields and acreage. Read More