The June 2017 Feed Outlook report contains projections for 2016/17 and 2017/18 U.S. and global feed markets based on the most current World Agricultural Supply and Demand Estimates.
Projected U.S. 2017/18 feed and residual use for the four feed grains (corn, sorghum, barley, and oats) and wheat is 147.5 million metric tons this month, 0.6 million higher than last month and 3.3 million below last year’s revised 150.8 million on a September-August marketing year basis. The monthly change is due to higher wheat feed and residual.
World coarse grain production is projected to reach 1,310.3 million tons in 2017/18, a reduction of 1.5 million from last month’s forecast. Most of the reduction is for the European Union (EU) and Canada, with partly offsetting increases in Ukraine and Turkey. At the same time, for the previous 2016/17 projection coarse grain production is forecast up 2.0 million tons due to an increase in Brazil’s second- crop corn and a record-high South African corn harvest.
