U.S. feed grain production edges lower

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U.S. feed grain production for 2014/15 is marginally lower this month and reflects reductions in production for corn and barley, which are only partially offset by smaller gains in sorghum and oats production. Total U.S. feed grain production is projected at 367.7 million tons, down 758,000 tons from a month ago and down 1.6 million tons from the 2013/14 estimate. The June 30 Acreage report, issued by USDA’s National Agricultural Statistics Service (NASS), shows planted acreage increased by 0.9 percent relative to intentions for all feed grains. Planted acreage increased from intentions for sorghum and oats, while projected corn and barley acreage is lower than intentions. Projected feed grain beginning stocks are up 3.0 million tons this month. Corn beginning stocks are raised 100 million bushels, reflecting increased carryout from 2013/14 due to lower feed and residual use.

Feed and residual use for the four feed grains plus wheat on the September-August 2014/15 marketing year basis is lowered by 0.3 million tons this month to 142.6 million. This decrease stems from reduced projected feeding of wheat and barley offset by modest increases in corn, sorghum, and oats feed and residual projections. For 2013/14, the U.S. total feed grain and wheat feed and residual forecast is lowered to 136.5 million tons, down from last month’s 142.7 million, reflecting lower corn and wheat feed and residual uses as indicated by the June 30 Grain Stocks report.

Grain-consuming animal units (GCAUs) for 2014/15 are projected at 90.2 million units this month, up from 90.1 million last month due to increases in forecast broiler and pork production and revisions of inventory numbers based on NASS numbers released earlier this year. GCAUs for 2013/14 are projected at 89.3 million, down from 89.7 million in last month’s forecast.

See full USDA report here

Source: USDA Feed Outlook



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