Feed Outlook No. (FDS-12a) 24 pp
Feed Outlook: January 2012
The National Agricultural Statistics Service's Crop Production 2011 Summary and January Grain Stocks reports revealed larger than expected corn supplies this month. Feed grain production for 2011/12 is estimated at 323.5 million tons, up 0.4 million from last month as higher estimated corn production more than offset lower sorghum output. Feed grain ending stocks are forecast down 0.3 million tons to 23.8 million tons. Corn production is estimated 48 million bushels higher, with harvested acreage advanced 45,000 acres and the national average yield raised 0.5 bushels per acre. Projected 2011/12 corn ending stocks are lowered 2 million bushels, as a 50-million-bushel increase in exports more than offsets the larger supply. Ending stocks at 6.7 percent of projected usage will be the tightest since 1995/96. The projected season average prices are lowered for corn, sorghum, and barley. Global coarse grain production is up slightly as a sharp reduction in prospects for Argentina is offset by increases for Ukraine and other countries. Reduced Argentine exports and increased imports by China support increased U.S. corn exports. Foreign 2011/12 coarse grain ending stocks are forecast higher this month, up 3 percent from a year.
Keywords: Feed grains; corn; sorghum; barley; oats
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- 2010
- 2019
- Feed Outlook: December 2019
- Feed Outlook: November 2019
- A Deeper Look Into the USDA Crop Baseline Projections to 2028, With a Focus on Trade
- Feed Outlook: October 2019
- Feed Outlook: September 2019
- Feed Outlook: August 2019
- The Growing Corn Economies of Mexico and the United States
- Feed Outlook: July 2019
- Feed Outlook: June 2019
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- 2018
- Feed Outlook: December 2018
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- An Exploration of Crop Markets: A Deeper Look Into the USDA Crop Baseline Projections
- Feed Outlook: October 2018
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- 2017
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- Changing Crop Area in the Former Soviet Union Region
- Feed Outlook: January 2017
- 2016
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- 2015
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- Development of China's Feed Industry and Demand for Imported Commodities
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- Feed Grains Outlook: January 2015
- 2014
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- Prospects for China's Corn Yield Growth and Imports
- Feed Outlook: April 2014
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- 2013
- Recent Convergence Performance of Futures and Cash Prices for Corn, Soybeans, and Wheat
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- Weather Effects on Expected Corn and Soybean Yields
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- 2012
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- China's Market for Distillers Dried Grains and the Key Influences on Its Longer Run Potential
- Feed Outlook: July 2012
- Implications of an Early Corn Crop Harvest for Feed and Residual Use Estimates
- Feed Outlook: June 2012
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- 2000
- 2009
- Feed Outlook: December 2009
- Issues and Prospects in Corn, Soybeans, and Wheat Futures Markets
- Feed Outlook: April 2009
- 2007
- Ethanol Expansion in the United States: How Will the Agricultural Sector Adjust?
- Feed Grains Backgrounder