Feed Outlook: Minor Changes Made To 2008/09 Crop Year
10/14/2009 09:20AM
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The following changes were made to the 2008/09 balance sheets:
•Corn: imports were lowered 1 million bushels to 14 million; feed and residual use was lowered from 5,250 million bushels to 5,231 million; feed, seed and industrial use was raised 31 million bushels to 4,976 million bushels, with most of the increase in corn used for ethanol; exports were raised 8 million bushels to 1,858 million bushels; ending stocks were lowered from 1,695 million bushels to 1,674 million; and, prices per bushel were lowered from $4.08 to $4.06.
•Sorghum: feed and residual use was raised 2 million bushels to 232 million; food, seed and industrial use was lowered 15 million bushels to 95 million; exports were lowered 2 million bushels to 143 million; ending stocks were raised 15 million bushel to 55 million; and prices per were lowered from $3.23 to $3.20.
•Barley: production was raised from 239 million bushels to 240 million; and feed and residual use was raised 0.5 million bushels to 67 million.
•Oats: yield was raised 0.2 bushels per acre to 63.7 bushels, as a result production was increased slightly; feed and residual use was raised 1.0 million bushels.