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If the arithmetic is correct...
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Posted 6/30/2015 21:55 (#4655144 - in reply to #4655092)
Subject: RE: Yes and wasn't there a few stateing


Clay SEIA - 6/30/2015 20:34

Tank2516 - 6/30/2015 21:29 as late as the march 30 stocks report that USDA was overstating feed demand and we were going to raise the carryover for the 2014 crop back to 2 billion.


Or, is feed demand honestly a little lower, and the 2014 crop was overstated?  Wouldn't be the first time that they make an adjustment to the previous crop long after it has become "final".



Feed demand is close and may go up just a tick.
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