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Record corn crop forecast but higher feed costs feared
USDA economist Don Paarlberg says the Aug 1 projection for a 6.19 billion bushel corn crop is a 7 percent rise from last year but 366 million below the prior month’s forecast. While retail food prices may rise 3 to 4 percent, corn’s role as feed for beef and dairy cattle suggests higher feed costs and potential beef price pressure into 1977.
MENTIONED IN THIS ARTICLE
USDA
Don Paarlberg
Crop Reporting Board
Paarlberg
Carl T. Curtis
Nebraska Republican
Curtis
Agriculture Department