Feed Outlook: May 2012
- by Thomas Capehart and Edward Allen
- 5/14/2012
Overview
As of May 6, 71 percent of the U.S. corn crop had been planted, compared with an average of 47 percent in 2007-11 and 32 percent in 2011/12. As of the same date, 32 percent of the expected crop had emerged, compared with an average of 13 percent in 2007-11 and 6 percent last year. Early planting boosts the projected yield for 2012/13 to 166.0 bushels per acre, compared with last year's weather-reduced yield of 147.2. Rapid planting and emergence is also likely to affect supplies during the last quarter of the 2011/12 marketing year, resulting in reduced prospects for the June-August quarter feed and residual disappearance.
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Feed Outlook: May 2012
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Table 1- Feed grains: U.S. quarterly supply and disappearance (million bushels), 5/14/2012
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Table 2: Feed and residual use of wheat and coarse grains, 5/14/2012
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Table 3: Cash feed grain prices, 5/14/2012
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Table 4: Selected feed and feed byproduct prices, 5/14/2012
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Table 5: Corn: Feed, seed, and industrial use (million bushels), 5/14/2012
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Table 6: Wholesale corn milling product and byproduct prices, 5/14/2012
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Table 7: U.S. feed grain imports by selected sources (1,000 metric tons), 5/14/2012
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Table 8: U.S. feed grain exports by selected destinations (1,000 metric tons), 5/14/2012
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