June 13, 2019: Dairy Week in Review

USDA’s World Agricultural Supply and Demand Estimates reports estimates the US corn production in 2019/20 at 13.7 billion bushels, down 1.4 billion bushels from the 2018/19 harvest and driven down by unprecedented wet weather conditions. Bushels per acre were lowered to 166 bushels per acre and 3 million acres were removed from harvest estimates. With end use bushels also lowered, carryout is expected to decline 810 million bushels to 1.7 billion bushels, the lowest since 2013/14. Soybean estimates were unchanged in this report, despite only 60 percent of the soybean crop being planted. Read More

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June 13, 2019: Dairy Week in Review