2010 corn crop reduced to 13.245 billion bushels
July 12, 2010
by Meat&Poultry Staff
WASHINGTON – The National Chicken Council’s (N.C.C.) Washington Report says corn production for 2010 was reduced by 125 million bushels from the June estimate and is now expected to be 13.245 billion bushels, 1.0% more than the corn harvest of 13.110 billion bushels in 2009, according to U.S.D.A.’s “World Agricultural Supply and Demand Estimates” recent study from the World Agricultural Board.
Although U.S.D.A. kept the average corn yield at 163.5 bushels per acre, the harvested corn acreage was decreased from 81.8 million acres to 81.0 million acres. Ending corn stocks for 2010-11 were reduced 200 million bushels from the June estimate to now estimated at 1.373 billion bushels.
Corn for ethanol manufacturing, however, continues at 4.700 billion bushels for 2010-11 compared with 4.500 billion bushels in 2009-10. The board raised its average corn price at the farm level for 2010-11 to $3.45-$4.05 per bushel, 15 cents higher on both ends of the previous price range. In 2009-10 the comparable corn price was $3.50-$3.60 per bushel.