Cheap corn, soybeans play well into hogs' nutritional needs

摘要

USDA estimates that corn and soybean farmers will be seeing record-sized crops of both commodities this fall, leading to what the agency also predicts will be lower prices producers will receive for their grains.In USDA's Crop Production report released Aug. 12, corn production is forecast at 15.2 billion bushels, up 11% from last year. Based on conditions as of Aug. 1, yields are expected to average 175.1 bushels per acre, up 6.7 bushels from 2015. If realized,this will be the highest yield and production on record for the United States. Soybean production is forecast at a record 4.06 billion bushels, up 3% from last year. Based on Aug. 1 conditions, yields are expected to average a record 48.9 bushels per acre, up 0.9 bushel from last year. With those big crops, the USDA is also predicting that corn will have an average gate price of $3.15 per bushel, down from $3.60 for the current marketing year that ended on Aug. 31. Soybeans' cash price is estimated at$9.10 per bushel, down from $9.50 a bushel estimated in July.