Business & Finance: Corn Crop

There is an old Chicago adage to the effect that the corn crop walks to market on four legs—referring to the fact that most of our U.S. corn is regularly fed to hogs and other livestock. Last year, the corn crop was distributed as follows: Livestock. 2,550,000,000 bu.: food. 100,000,000 bu.: industry, 75,000,000 bu.; exports, 21,000,000 bu.; seed, 20,000,000 bu.; and miscellaneous, 155,000,000 bu. As the above figures indicate, practically the entire output is consumed at home. This year, corn, almost alone among our staple cereals, has failed to be produced in...

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