The U.S. Department of Agriculture is expected to cut the U.S. corn production forecast by another 15.4 percent due to damage from the continuing drought when it releases its latest supply-and-demand report on Aug. 10, according to a Dow Jones Newswires poll of analysts.
The report is likely to forecast corn production of 10.97 billion bushels for 2012, down from its July forecast of 12.97 billion bushels, according to the Dow Jones poll. Production in 2011 was 12.36 billion bushels. Analysts are predicting a corn-crop yield of 126.2 bushels per acre, down 13.6 percent from the USDA’s forecast in July of 146 bushels per acre.
U.S. soybean production estimates will also be cut, by 8.7 percent to 2.79 billion bushels, from the USDA's last projection of 3.05 billion bushels. Analysts say they expect a soybean yield forecast of 37.2 bushels per acre, down 8.1 percent from a previous forecast of 40.5 bushels per acre.
Due to the production shortfalls, analysts say corn inventories at the end of the 2012–2013 marketing year are likely to be at the lowest level since the 1995–1996 year. Soybean inventories, or ending stocks, will probably be forecast at their lowest since 2003–2004. Analysts expect the USDA to cut its estimate of corn ending stocks for 2012–2013 by 45 percent, to 651 million bushels. Soybean ending-stocks for 2012–2013 will be cut by 11.5 percent, to 115 million bushels.
Near-record meat prices spur demand for animal feed
extension outreach appointment, Dr. Tom Overton, professor of dairy management
within Cornell University’s College of Agriculture, spends much of his time
working with NY dairies, their nutritionists and vets on issues related to
transition cow management. In his opinion, one of the areas of opportunity for
dairy farms can be found in the management of the pre-calving diet. With
his team, Overton is currently involved in a commercial research study involving
55 farms focused on the influence of particle size on dry cow diets. “We’re
finding that diets are quite sortable with large differences in particle size
distribution,” Overton explains. “[The industry] needs to do a better job in
terms of particle size to make [the rations] less sortable.” In a
total mixed ration, sorting is problematic because cows tend to favor the grain
component and therefor may not consume the necessary fiber and nutrients. In
this video, Overton discusses his team’s research involving pre-calving dairy
diets at the World Dairy Expo. The 2014 edition of
the World Dairy Expo, which was held in early October in Madison,
WI, drew more than
300,000 visitors from roughly 90 countries. The event featured 2,500 head of
dairy cattle and more than 250 exhibitors.
Can be used as substance for reduction of mycotoxin contamination of feed
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