Feed Outlook, July 2019 (summary)
Additional Acres Boost Corn Crop
The June 28 Acreage report from USDA’s National Agricultural Statistics Service indicated that corn planted acreage this month rose by 1.9 million acres and harvested acres rose by 1.2 million. With yield held at 166 bushels per acre, corn production is projected at 13,875 million bushels, 195 million higher than last month’s forecast. With a 145-million-bushel increase in beginning stocks, total corn supply is raised 340 million bushels to 16,265 million.