Acreage reduction reduces feed grain production, yields steady

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U.S. feed grain production for 2011/12 is forecast at 326.2 million tons, down from 328.1 million predicted last month. The month-to-month decrease reflects reduced forecast production for corn and sorghum and smaller production estimates for barley and oats from the Small Grains 2011 Summary report. Planted area for the four grains is decreased 520,000 acres, and harvested for grain acres were decreased 553,000 acres this month. Yields per harvested acre for the four grains combined are unchanged at 3.56 metric tons. Beginning stocks in 2011/12 are raised to 32.3 million tons, based on the September 30 Grain Stocks report. Total 2011/12 feed grain supply is forecast at 360.6 million tons, up from 357.3 million last month and down from 380.5 million in 2010/11.

Total 2011/12 feed grain utilization is projected at 336.1 million tons, down from 337.6 million projected last month and down from 348.2 million in 2010/11. The month-to month decline is entirely from lower corn exports. Lower sorghum exports were offset by an increase in feed and residual, leaving total sorghum use unchanged. Total projected feed grain ending stocks for 2011/12 are raised 4.9 million tons to 24.5 million, mainly reflecting higher carryin from the 2010/11 crop.

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