Feed Outlook: August 2012

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By Thomas Capehart (au); Edward Allen (au); Jennifer K. Bond (au)
Year: 2012
Pages: 24
Binding Paperback
ISBN 978-1-4578-3800-2

Product Code: 1457838001

Description

This report shows that due to the drought, U.S. feed grain supplies for 2012/13 are projected sharply lower, with corn production forecast 2.2 billion bushels lower and sorghum production forecast 92 million bushels lower. The forecast corn yield is reduced 22.6 bushels per acre to 123.4 bushels as extreme heat and dryness continued, and in many areas worsened, during July across the Plains and Corn Belt. Sorghum production is also forecast lower due to drought. Total U.S. corn supplies for 2012/13 are projected down 2.0 billion bushels at a 9-year low. The large reduction in forecast corn supplies this month is expected to result in record-high prices, which will ration demand and lower use. Figures and tables. This is a print on demand report.

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