Grain and peanut outlook for 1954 amid varied regional supplies
The 1953-54 feed grain and peanut outlook shows larger overall feed supplies but sharp regional differences, with drought in the southwest lowering feed crops while the 1953 corn supply remains strong. Prices for 1954 feed crops likely stay below 1953 levels early on, and peanut marketing quotas and acreage limits for 1954 are set, with demand for crushing strong despite edible-use restraints. Dairy projections indicate solid demand and stable production near 1953 levels, with milk product carryovers changing little unless supports shift.