date:Jan 16, 2013
ttle surprising, but only because feed and residual use of wheat during that period was 125 million bushels larger than use in the previous year. As we have pointed out before, total grain feeding has been supported by only a very modest cut in livestock numbers and a sharp decline in the production of distillers grain.
Unlike other years of small production and high corn prices, feed use of corn has remained large. Such a high rate of use has been possible because corn used for ethanol produc