Feed grain supplies for 2012/2013 up, ending stocks reduced

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U.S. feed grain supplies for 2012/2013 are forecast at 318.3 million metric tons, up 1.2 million from last month but down 40.3 million from last year. The 2012 corn crop is estimated higher this month reflecting improved yield estimates, but the forecast sorghum crop is reduced. Barley and oats production are unchanged.

Feed grain beginning stocks are 27.8 million tons, with a small revision to September 1 corn stocks. Total feed grain use for the current marketing year is projected higher at 300.1 million tons this month, supported by increased corn feed and residual use, in spite of lower corn exports.

Feed and residual use for the four feed grains plus wheat converted to a September-August marketing year is up 10.0 million tons to 126.5 million this month. This stems from increases in projected feeding of corn, sorghum, barley, oats, and wheat reflecting December 1 stocks and greater projected beef, pork, broiler, and turkey production. Grain-consuming animal units are forecast at 91.6 million, up from 90.8 million last month due to higher forecast poultry and red meat production in 2013.

Feed and residual use per animal unit is increased slightly to 1.38 tons, up from 1.28 tons last month. Small supply-and-use changes were made for feed grains for 2011/12; production is raised 30,000 tons to 323.6 million based on a small upward revision to 2011/12 corn production. Estimated domestic use is raised slightly to 289.7 million tons with an 11,000-ton increase in feed and residual use to 119.6 million tons based on slight upward revisions in corn and sorghum ending stocks for 2011/12. Feed grain ending stocks edge up to 27.8 million tons for 2011/12.



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