US final report details crop losses to drought

UPDATED 16:38 PM EST, January 11, 2013

Much of the attention focused on corn, which is widely used as an ingredient in many foods and as feed for livestock. Farmers produced less than three-fourths of the corn the U.S. Department of Agriculture anticipated when planting was done in the spring. The year-end report shows a harvest of 10.78 billion bushels, 27 percent less than the agency's initial estimate of 14.8 billion bushels. (A bushel of corn equals 25.4 kilograms, or 56 pounds).

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