Dairy Week In Review

USDA released its World Agricultural Supply and Demand Estimates report, increasing its corn production estimate from a month ago by 246 million bushels to 15 billion bushels and the  projected yield by 1.7 bushels to 176.3 bushels per acre. USDA also increased expected harvested acres of corn by 600,000 to 85.1 million acres. On the flip side, USDA lowered its forecast for  harvested soybean acreage by 300,000 acres to 86.4 million acres. An increase in 0.6 bushels per acre in the soybean yields offsets the reduced acres, though, with total output at 4.4 billion  bushels, up 35 million bushels from last month. Read More