Slightly lower estimate for 2013 corn crop
Fri, 12 Jul 2013 01:00:00 GMT —
The unusually wet spring in the Corn Belt has caused the
U.S. Department of Agriculture
to lower its estimate for this years corn crop.
13.95 billion bushels of corn are expected to be harvested this year.
That number is about 55 million fewer than predicted in June.
Despite the lower number, the predicted harvest still beats the low yield of 858 million bushels in 2009.
Livestock producers who raise cattle, pigs and chickens can expect to pay more for corn because about 11 billion bushels of corn were affected by last year's drought.
Fortunately prices at the grocery store should not be affected by these fluctuations.