Corn yield projections down less than expected
"The livestock industry gets just a tiny bit of reprieve in the sense that corn isn't as desperately short as I think many people thought going into this report," Hurt said. "On the other hand, corn prices aren't going to fade substantially. It's going to be very difficult for the livestock industry to just hold on as cash flows are probably going to be negative for the most part."
Purdue Extension agricultural economist Corinne Alexander will offer additional analysis of the report and a 2013 Agricultural Outlook during a free webinar at 8:30 a.m. EDT Thursday (Sept. 13) at https://gomeet.itap.purdue.edu/outlook/. The webinar also will be recorded and archived at http://www.agecon.purdue.edu/extension/programs/lunch.asp
The USDA's full report is available for download at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1046