June 6, 2012

Corn set for big feed year

Corn could see stronger demand from the livestock industry because of lower prices prompted by record global production, Bloomberg reported Wednesday.

After losing out to wheat, corn could rebound now that July-delivery was as much as $1.015 a bushel less than wheat last month.

Less expensive corn in the 2012-2013 crop year may lead livestock producers globally to feed a record-setting 515.4 million metric tons of the grain, according to the International Grains Council.

SPONSORED CONTENT

Business Cares: March 2024

WomenGive, a program of United Way of Larimer County, was started in Larimer County in 2006 as an opportunity for women in our community to come together to help other women.

Wheat feed use could decline 9.2 percent to 128.8 million tons.


Corn could see stronger demand from the livestock industry because of lower prices prompted by record global production, Bloomberg reported Wednesday.

After losing out to wheat, corn could rebound now that July-delivery was as much as $1.015 a bushel less than wheat last month.

Less expensive corn in the 2012-2013 crop year may lead livestock producers globally to feed a record-setting 515.4 million metric tons of the grain, according to the International Grains Council.

Wheat feed use could decline 9.2 percent to 128.8 million tons.


Categories:
Sign up for BizWest Daily Alerts