Higher Trade Boosts Feed Grain Supplies and Use for 2011/12
14 February 2012
US - US feed grain supplies projected for 2011/12 edge up 0.3 million metric tons this month to 358.3 million, with increases for corn and oats imports. Supplies, however, remain down 6 percent from last year.
Total feed grain use is up due to higher projected corn exports. At 335.5 million metric tons, forecast use is raised 1.3 million tons from last month but remains down 4 percent from the previous season.
With demand exceeding production in 2011/12, ending stocks are expected to be drawn down 9.5 million tons from an already low carryin. At a projected 22.8 million tons, stocks would be the lowest since the end of the 1995/96 marketing year.
Feed and residual use for the four feed grains plus wheat on a September-August marketing year basis is lowered this month to 126.2 million metric tons due to lower wheat feed use.
Grain-consuming animal units (GCAUs) are projected at 93.6 million this month, down slightly from last month due to a very small inventory change. Broiler weights are down, contributing to lower feed use. Feed and residual use per animal unit in 2011/12 is unchanged this month at 1.35 tons, which is down from 1.39 tons in 2010/11.
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February 2012
TheCropSite News Desk
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