Anticipating USDA's 1 March corn stocks estimate
date:Mar 13, 2013
er than in the same two quarters in the previous year. Looking broadly since November 2012, dairy cow numbers have been about equal to those of a year ago, broiler chick placements have been modestly larger than those of last year, cattle-on- feed numbers have been down about six per cent, and hog numbers have been about equal those of a year ago.

Feed and residual use of corn during the second quarter near the level of the past two years would not be surprising. If use in that category was nea
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