2011 Corn Crop Slashed
USDA has slashed its corn forecast and dropped soybean and wheat production numbers - while boosting prices for all three.
World Ag Outlook Board Chair Gerry Bange says in the history of changes by USDA’s National Ag Statistics Service - the latest change in the corn forecast is a doozy…
“We’re looking at a production, which is down nearly 500 million bushels from the previous forecast, we’re looking at 12.664 billion bushels, that’s down about 3.4% from last year. So, there’s been quite a change from their production forecast.”
Organizations Say There is Enough Corn
The National Corn Growers Association and Growth Energy were both quick to confirm there will be enough corn to meet all demands for food, feed, fuel and exports during the coming year.
NC State Fair Opens This Week
North Carolina's Ag Commissioner Steve Troxler says that as they try to do every year, the NC State Fair has many improvements, both large and small. Not only is there a new Midway attraction, one of only two in the country, but also NCDA&CS has made an addition of a traveling interactive exhibit to demonstrate to children the coroloation between water, air, soil, and sunlight on growing seeds.
To learn more about this year's NC State Fair go to: www.ncstatefair.org.
USDA Sees High Feed Prices Curbing Pork Production
USDA lowered its forecast for U.S. pork production in both 2010 and 2011 but raised its beef production forecasts for both years.
USDA forecast commercial pork production in 2010 at 22.14 billion pounds, down from 22.20 billion pounds forecast a month ago in its World Supply and Demand Estimates report. It based the reduction on lower slaughter and slower growth in slaughter weights.