U.S. corn production, slashed dramatically by drought in 2012, could rebound to a record-large crop this year if yields improve moderately, said an agricultural economist from Texas A&M University on Monday.
The economist, David Anderson, also said pork production could top beef in 2014, pushing beef into third place in U.S. meat production. Poultry and pork production are on the rise while beef is held back by high feed costs and drought-damaged grassland. "What we’re trying to do is make it to the next crop," Anderson said, describing how livestock producers face several more months, at a minimum, of tight feed supplies.