The United States Department of Agriculture Economic Research Service (USDA ERS) released its Feed Outlook on May 18, 2022. The report provides domestic and international estimates for the 2021/2022 marketing year and projections for the 2022/2023 marketing year based on the recent World Agricultural Supply and Demand Estimate (WASDE) report. This article summarizes domestic corn production and use.
Reduced Production
According to the May 12 WASDE, U.S. corn production for the 2022/2023 marketing year is expected to be…