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U.S. Feed Grain and Corn Supply and Use -- May 2007
U.S. Feed Grain and Corn Supply and Use 1/
===============================================================================
: : : 2007/08 Projections
Item : 2005/06 : 2006/07 :==============================
: : Est. : May
===============================================================================
FEED GRAINS :
Area : Million acres
Planted : 96.4 92.5 105.3 *
Harvested : 85.9 80.1 93.8 *
Yield per harvested : Metric tons
acre : 3.47 3.49 3.54
: Million metric tons
Beginning stocks : 58.8 54.7 27.1
Production : 298.6 279.9 332.3
Imports : 1.9 2.3 2.6
Supply, total : 359.3 337.0 362.1
Feed and residual : 162.9 154.7 152.1
Food, seed & industrial : 81.5 95.1 127.8
Domestic, total : 244.4 249.8 279.9
Exports : 60.1 60.0 54.7
Use, total : 304.5 309.8 334.6
Ending stocks, total : 54.7 27.1 27.5
CCC inventory : 0.0 0.0
Free stocks : 54.7 27.1
Outstanding loans : 4.4 5.8
:
CORN :
Area : Million acres
Planted : 81.8 78.3 90.5 *
Harvested : 75.1 70.6 82.9 *
Yield per harvested : Bushels
acre : 148.0 149.1 150.3 *
: Million bushels
Beginning stocks : 2,114 1,967 937
Production : 11,114 10,535 12,460
Imports : 9 10 15
Supply, total : 13,237 12,512 13,412
Feed and residual : 6,141 5,850 5,700
Food, seed & industrial : 2,981 3,525 4,790
Ethanol for fuel 2/ : 1,603 2,150 3,400
Domestic, total : 9,122 9,375 10,490
Exports : 2,147 2,200 1,975
Use, total : 11,270 11,575 12,465
Ending stocks, total : 1,967 937 947
CCC inventory : 0 0
Free stocks : 1,967 937
Outstanding loans : 171 225
Avg. farm price ($/bu) 3/ : 2.00 3.00- 3.20 3.10- 3.70
===============================================================================
Note: Totals may not add due to rounding. 1/ Marketing year beginning
September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further
breakout of food, seed, & industrial corn use including ethanol, see the ERS
Feed Outlook table 5 or Feed Grains Database at www.ers.usda.gov/db/feedgrains.
3/ Marketing-year weighted average price received by farmers. * Planted acres
reported in the March 30, 2007, Prospective Plantings. For corn, harvested
acres projected based on historical abandonment and derived demand for silage.
Projected corn yield derived from an econometric model fit over 1990-2006 using
a trend variable, July rainfall and temperatures, and planting progress as of
mid-May.
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