Today, the U.S. Department of Agriculture’s Economic Research Service (ERS) released its Feed Outlook report, “Higher Carryin Boosts U.S. Corn Supplies Despite Production Decline.”
The ERS report contained a detailed summary of recent USDA projections regarding feed grains and noted that, “U.S. feed grain supplies for 2012/13 are projected higher this month, with a reduction in forecast corn production more than offset by higher projected corn carryin. U.S. corn production is lowered 51 million bushels, with the national average yield forecast 0.6 bushels per acre lower at 122.8 bushels. U.S. corn supplies for 2012/13 are projected 108 million bushels higher at 11,983 million bushels as an increase in expected beginning stocks more than offsets lower production. Feed and residual use for 2011/12 is lowered 150 million bushels based on the record level of crop maturity and harvest progress as of September 1.”
The ERS report included this graphic relating to crop maturity (click on the graphs for full, expanded view):
Today’s report also included this graph depicting corn harvested area and yield since 1984.