Wisner expresses concern about the need for rationing corn for feed throughout the balance of the marketing year.

  1. If feed use is up for the second quarter, then use will have to be down 49% for the last two quarters compared to year earlier numbers, which he says has crisis implications for livestock producers and will create stress on the ethanol industry.
  2. If feed use is up for the second quarter by only 2%, then the feed use of corn for the balance of the marketing year will have to be down only 28% than year-earlier numbers, which would still bring stress on all corn users.
  3. If feed use for the second quarter is down by 9% from year earlier numbers, then there would only need to be a 15% reduction for the balance of the year, which will still mean a major challenge for all users of corn.