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tion could fall within a range of 87 to 97 bushels per harvested acre, given average planting and growing conditions this year. “This range would produce a record corn crop and total feed grain production could be 30 to 50 percent above 1974’s 165 million tons,” Taylor said. With these levels, grain prices would be reduced and production in livestock and poultry would be encouraged.
“WITH livestock and poultry producers not adjusting to unfavorable feeding conditions,” Taylor said, “the demand for feeding will be weaker in 1975/76 feeding year. However, cattle feeding could change quickly because of the large supply of feeder cattle available for placement.”
Record-level feed grain production would mean supplies large enough for substantial stock buildups, even with the continued increase in exports, Taylor said.D
94.7%