November 30, 2005

USDA: US corn production up 175 million bushels
 

US feed grain production for 2005-06 is forecast at 296 million metric tons, up from 292 million last month, but down from the record 319 million in 2004-05.

Higher yields account for the increase in corn production this month. Corn yields are 148.4 bushels per acre and pushed production to 11 billion bushels. Corn prices were lowered this month because of increased ending stocks.

Production of the four feed grains is the second highest on record.

Total 2005-06 feed grain utilization is projected at 294 million tons, up from 292 million last month, and up from 291 million in 2004-05.

On a September-August marketing year basis, feed and residual use for the four feed grains plus wheat in 2005-06 is projected to total 162.5 million metric tons, down from the 170.7 million a year earlier. Corn is estimated to account for 92 percent of the total, the same in 2004-05.

For the full USDA report, click here.