Last week’s Crop Production report contained good news for livestock producers. USDA anticipates that U.S. farmers will harvest their largest corn crop ever — 10.9 billion bushels.

The report estimates this year’s corn crop will be 8 percent more than the 2003 crop and 22 percent more than the 2002 crop. Yields are expected to average 148.9 bushels per acre on 73.4 million acres.  

According to the report the soybean crop doesn’t look too shabby either. Estimated at 2.88 billion bushels it will be the second largest crop ever. Producers are expected to harvest 39.1 bushels per acre from 73.7 million acres.

Both estimates are based on conditions as of August 1. To view the USDA report, click here.