US Wheat Feed Use Analysis
Jun-Aug US wheat feed/residual disappearance totaled 194 Mil Bu. This is up just 5 Mil on the previous year and viewed as disappointing given steep HRW discounts to corn across the Western Plains. ARC does mention that the USDA’s Jun-Aug average cash HRW prices was pegged at $4.47/Bu, vs. a national average corn prices in…