July 17, 2013
US 2013-14 feed grain supplies estimates slightly lower
US feed grain production is projected at 370.2 million tonnes, down 2.1 million from a month ago but up 84.4 million tonnes from the 2012-13 estimate, reflecting a reduction in harvested acres for corn and sorghum.
The June 28 Acreage report, issued by USDA''s National Agricultural Statistics Service (NASS), shows planted acreage increased by less than 1% relative to intentions for corn and also increased for oats. Planted acreage decreased from intentions for sorghum and barley. Projected feed grain beginning stocks are 1.0 million tonnes lower this month. Corn beginning stocks are lowered 40 million bushels, reflecting reduced carryout from 2012-13 due to higher feed and residual use.
Feed and residual use for the four feed grains plus wheat on the September - August 2013-14 marketing year basis is lowered by 1.5 million tonnes this month to 141.4 million tonnes due to reduced corn and sorghum feeding projected for 2013-14. Grain-consuming animal units (GCAUs) are projected at 92.5 million units this month, up from 90.9 last month due to increases in forecast broiler and pork production and revisions inventory numbers based on NASS numbers release d earlier this year.
For 2012-13, feed and residual is raised to 127.4 million tonnes from last month''s 125.8 million, reflecting higher wheat feed and residual use as indicated by the June 1 wheat stocks estimate. GCAUs are raised to 92.4 million units from 91.2 million last month. Feed and residual per animal unit in 2012-13 is steady on the month at 1.38 tonnes per GCAU.