ISSN:1554-9089 WASDE-457 April 9, 2008 WHEAT: Projected U.S. wheat ending stocks for 2007/08 are unchanged this month as lower feed and residual use offsets an increase in exports. Feed and residual use is projected 50 million bushels lower as the March 1 stocks indicated lower-than-expected use in the December-February quarter. Exports are projected 50 million bushels higher as export sales and shipments remain strong with several major export competitors taxing or otherwise restricting shipments. The projected range for the season-average farm price is narrowed 5 cents on each end to $6.55 to $6.75 per bushel. Global wheat supplies for 2007/08 are raised 1.5 million tons this month on late-season revisions to production in non-exporting countries. Production is increased 1.2 million tons for Ethiopia where favorable weather boosted harvested area and yields. Uzbekistan production is raised 0.2 million tons in line with the latest government estimates. Partly offsetting the overall production increase this month is a 0.2-million-ton reduction in global beginning stocks resulting from small, multi-year revisions to production and use in several Middle East countries. World imports and exports for 2007/08 are both projected 0.4 million tons higher this month. Imports are raised 0.2 million tons each for Libya and Tunisia based on higher-than-expected shipments from EU-27 and FSU-12 to date. A 0.2-million-ton cut in Ethiopia imports is offset by a number of small increases elsewhere. The largest export increase this month is for the United States, up 1.4 million tons. Also raised this month are exports for Brazil and China, each up 0.2 million tons, based on shipments to date. Partly offsetting are export reductions of 1.0 million tons for Ukraine and 0.5 million tons for Australia. Ukraine has extended its export quota and shipments from Australia have been slower than expected. Global consumption drops 0.6 million tons this month with higher human food use more than offset by lower wheat feeding. World wheat feeding is lowered 2.2 million tons with reductions of 1.4 million tons in the United States and 1.0 million tons in EU-27. Coarse grain feeding is raised in both countries more than offsetting the reduction in wheat feed use. World ending stocks are projected 2.1 million tons higher this month with Ukraine and EU-27 each raised 1.0 million tons. Australia ending stocks are also increased 0.5 million tons. Partly offsetting are reductions for Brazil and China, each down 0.2 million tons. COARSE GRAINS: U.S. corn ending stocks for 2007/08 are projected 155 million bushels lower this month as increases in feed and residual use and exports more than offset a reduction in corn use for ethanol. Feed and residual use is projected 200 million bushels higher as March 1 stocks indicated higher-than-expected disappearance during the December-February quarter. Ethanol corn use is projected 100 million bushels lower as the pace of new plant startups lags earlier expectations; however, rising ethanol prices continue to support producer margins and capacity utilization for existing plants remains strong. Partly offsetting is a 5- million-ton increase in other food, seed, and industrial use. Exports are projected 50 million bushels higher based on the strong pace of shipments and large outstanding sales balances. The projected season-average farm price for corn is raised to $4.10 to $4.50 per bushel compared with $3.75 to $4.25 per bushel last month. Record use during the first 6 months of the 2007/08 marketing year and prospects for smaller-than-expected production in 2008 are expected to support cash and futures prices near current record levels through the summer. Other U.S. feed grain changes this month include a 10- million-bushel reduction for sorghum feed and residual use based on indications from March 1 stocks and a 5- million-bushel reduction in barley exports based on the pace of shipments in recent weeks. The projected season-average farm price for sorghum is raised to $3.95 to $4.35 per bushel compared with $3.65 to $4.15 per bushel last month. The barley season-average price range is narrowed 5 cents on each end to $4.00 to $4.10 per bushel. The oats price is raised 10 cents on the bottom end of the projected range to $2.50 to $2.60 per bushel. World coarse grain supplies for 2007/08 are projected higher this month on increases in beginning stocks and production. A 2.2-million-ton increase in carryin reflects back year revisions to production and use in Iran and a number of other Middle East countries. Coarse grain production for 2007/08 is raised 2.5 million tons mostly reflecting higher corn production, up 2 million tons globally, with increases for Ethiopia, Indonesia, Iran, EU- 27, and Egypt. Partly offsetting are reductions for Serbia and Venezuela. Global barley production is raised 0.7 million tons with increases for Ethiopia, Argentina, and Morocco, more than offsetting reductions for Afghanistan and Brazil. World sorghum production is lowered 0.2 million with increases for Australia and Yemen outweighed by a reduction for Brazil. Changes to global coarse grains exports, consumption, and ending stocks are driven largely by this month's changes to the U.S. corn balance sheet. Global corn exports are increased 1.3 million tons reflecting the higher U.S. export projection. World corn feed use is raised 5.3 million tons mostly on the U.S. increase of 5.1 million tons. Other corn feeding changes include a 1.0- million-ton increase for EU-27 and a 0.3-million-ton increase for Indonesia. Offsetting are reductions of 0.8 million tons for Egypt, 0.2 million for Syria, and 0.1 million for Serbia. Other notable coarse grains changes include a 0.2-million-ton increase in Argentina sorghum exports; increased EU-27 sorghum imports and feeding, both up 0.2 million tons; and higher barley exports for Canada, up 0.3 million tons. World coarse grain stocks are projected lower this month with corn ending stocks down 1.1 million tons. The largest change is the 3.9-million-ton reduction projected for U.S. corn ending stocks. Partly offsetting are increases for Iran, Mexico, EU-27, and Egypt. RICE: No changes are made to the U.S. 2007/08 rice supply and use projections. However, the season- average farm price is raised 20 cents per cwt on each end of the range to $12.05 to $12.35 per cwt, compared to $9.96 per cwt for 2006/07. Global production, domestic use, and ending stocks for 2007/08 are raised from last month, while imports and exports are lowered. Global production is raised 2.4 million tons primarily due to increases for Indonesia (1.5 million tons), Burma (0.6 million tons), and Brazil (0.2 million tons). Global imports are lowered nearly 2 million tons due primarily to the impact of higher global prices and export bans and restrictive policies among many of the leading exporters including Egypt, India, and Vietnam. Imports are lowered for Brazil, China, Cuba, Iraq, Indonesia, and a number of markets in Africa. Africa's imports are down 550,000 tons from last month. Indonesia's imports are lowered due primarily to a large increase in production. Global exports are lowered due primarily to reductions for Egypt, Cambodia, China, India, and Vietnam. Global ending stocks are projected at 77.1 million tons, up 1.9 million tons from last month, and an increase of nearly a million tons from 2006/07. The increase in ending stocks is due primarily to an increase for Indonesia. OILSEEDS: U.S. soybean exports for 2007/08 are increased 50 million bushels to 1,075 million this month reflecting strong year-to-date shipments. Despite record high soybean prices, exports have remained strong, especially to China, where imports from the United States are likely to exceed the 2004/05 record. Soybean crush is raised 5 million bushels to a record 1,840 million bushels, mainly on stronger-than-expected soybean meal and oil exports. Seed use is raised to reflect expected plantings for 2008 reported in USDA's March 31 Prospective Plantings report. U.S. soybean ending stocks are raised 20 million bushels to 160 million, still down sharply from the record level set in 2006/07. Residual use is reduced based on indications from the March 31 Grain Stocks report. Price forecasts for soybeans, soybean oil, and soybean meal are all reduced this month. The U.S. season- average soybean price range is projected at $10.00 to $10.50 per bushel, down 30 cents on the high end of the range. The soybean meal price is projected at $315 to $335 per short ton, down $5 on the low end and down $15 on the high end of the range. The soybean oil price is projected at 50 to 54 cents per pound, down 3 cents on both ends of the range. Global oilseed production for 2007/08 is projected at 390.8 million tons, up 0.7 million tons from last month. Increases for soybeans in Iran, sunflowerseed in Turkey, and cottonseed in India account for most of the global increase. Soybean production estimates for South America are unchanged. Global 2007/08 oilseed ending stocks are raised 2 million tons to 57.2 million due mostly to higher soybean stocks in the United States, Brazil, and Argentina. Brazil's stocks are raised due to lower crush and soybean export prospects. Higher soybean stocks in Argentina reflect reduced crush resulting from lower projected soybean meal exports. SUGAR: Projected 2007/08 U.S. sugar supply is decreased 28,000 short tons, raw value, from last month, due to lower production. Production is based on processors' projections compiled by the Farm Service Agency. Projected use is unchanged. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total 2008 U.S. meat production is raised as higher expected beef and pork production more than offset lower forecast broiler production. Beef production is increased due to continued strong cow slaughter and higher-than-expected cattle weights. Pork production forecasts are raised as USDA's Quarterly Hogs and Pigs report, released on March 28, indicated large hog inventories on March 1, upwardly revised pig crops for second half 2007, and pointed to a relatively large pig crop in the first half of 2008. Although this implies larger slaughter in 2008, increased forecast corn prices are expected to limit hog weights. Poultry production forecasts are reduced as hatchery data point to a slowdown in production and higher grain prices are expected to affect growth later in the year. Turkey production is increased slightly as early gains in the first part of the year offset expected slower growth in the second half. Egg production is raised slightly for 2008 as the industry responds to continued high egg prices. Beef import forecasts for 2008 are lowered from last month as high domestic cow slaughter reduces the demand for imported processing beef. Pork imports are unchanged from last month. Beef export forecasts for 2008 are lowered due to slow exports to both North America and Asia markets. Pork and broiler export forecasts for 2008 are unchanged. Forecasts for 2008 cattle and hog prices are reduced as beef and pork supplies are forecast larger than last month. However, broiler, turkey, and egg price forecasts are raised as slower forecast production growth, especially in the second half, is expected to support prices. Forecasts for 2008 milk production are reduced as growth in output per cow is forecast slower than last month. Higher feed prices are expect to dampen output during the year. The first quarter cow herd forecast is raised but subsequent quarters are unchanged. Both Class III and Class IV price forecasts for 2008 are raised from last month. Tighter supplies of milk and expected strength in both domestic and export commercial use underlie increased product price forecasts. Cheese prices are forecast higher as supplies remain tight. Despite current relatively heavy production and large stocks, butter prices are forecast higher as later year supplies are expected to tighten. Nonfat dry milk prices are also forecast slightly higher as supplies tighten and export and domestic demand remains relatively firm. Whey price forecasts are raised slightly. The all milk price forecast for 2008 is raised to $17.65 to $18.15 per cwt. COTTON: This month's estimates for 2007/08 U.S. cotton include higher production, domestic mill use, and ending stocks. Production is raised nearly 400,000 bales to 19.4 million based on the final Cotton Ginnings report released by the National Agricultural Statistics Service in late March. Domestic mill use is raised 100,000 bales to 4.7 million due to higher than anticipated activity in recent months. The export estimate is unchanged. Accordingly, forecast ending stocks are raised 300,000 bales to 9.7 million, slightly above last season and the highest level since 1966/67. The world 2007/08 estimates show slightly higher production, consumption, and ending stocks compared with last month. Production is raised mainly in India and the United States. Consumption is raised in Pakistan and the United States, partially offset by small reductions in several countries. Imports are reduced for China and other countries, but raised for Pakistan. World stocks are raised by slightly less than 1 percent. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: EDWARD T. SCHAFER SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Joshua Lagos, FAS; Dennis Shields, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E- mail: aaaronson@oce.usda.gov Nathan Childs, ERS; Robert Miller, FAS; William Chambers, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E- mail: jnorton@oce.usda.gov Allen Baker, ERS; Richard O'Meara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: kmenzie@oce.usda.gov Mark Ash, ERS; Bill George, FAS; Max Fisher, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Steven Neff, FSA. Sugar: John Love, ICEC Chair, WAOB, E-mail: jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Warren Preston, AMS; Mildred M. Haley, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E- mail: sshagam@oce.usda.gov Marc Warman, AMS; David Harvey, ERS; Michelle DeGraaf, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2008, the WASDE report will be released on May 9, June 10, July 11, Aug. 12, Sep. 12, Oct. 10, Nov. 10, Dec. 11. T A B L E OF C O N T E N T S Page Highlights . . . . . . . . . . . . . . . . . . . . . . . . . .1 Interagency Commodity Estimates Committees . . . . . . . . . .6 World & U.S. Supply & Use for Grains . . . . . . . . . . . . .8 World & U.S. Supply & Use for Cotton . . . . . . . . . . . . .9 World & U.S. Supply & Use for Oilseeds . . . . . . . . . . . 10 U.S. Wheat Supply & Use. . . . . . . . . . . . . . . . . . . 11 U.S. Wheat Supply & Use by Class . . . . . . . . . . . . . . 11 U.S. Feed Grain & Corn Supply & Use. . . . . . . . . . . . . 12 U.S. Sorghum, Barley, & Oats Supply & Use. . . . . . . . . . 13 U.S. Rice Supply & Use . . . . . . . . . . . . . . . . . . . 14 U.S. Soybeans & Products Supply & Use. . . . . . . . . . . . 15 U.S. Sugar Supply & Use. . . . . . . . . . . . . . . . . . . 16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 WASDE-457-8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 2005/06 : 2,017.20 2,421.70 253.47 2,031.59 390.11 2006/07 (Est.) : 1,994.39 2,384.50 258.02 2,045.85 338.65 2007/08 (Proj.) : March : 2,084.09 2,419.39 256.47 2,105.43 313.96 April : 2,090.66 2,429.31 256.85 2,112.21 317.11 Wheat : 2005/06 : 621.30 772.06 116.16 624.37 147.69 2006/07 (Est.) : 592.96 740.65 110.69 615.80 124.85 2007/08 (Proj.) : March : 604.96 730.02 106.89 619.62 110.40 April : 606.69 731.54 107.28 619.06 112.48 Coarse grains 4/ : 2005/06 : 977.83 1,157.14 107.10 991.19 165.95 2006/07 (Est.) : 980.87 1,146.83 116.68 1,009.13 137.69 2007/08 (Proj.) : March : 1,056.19 1,191.67 120.18 1,063.28 128.39 April : 1,058.68 1,196.38 122.05 1,068.84 127.54 Rice, milled : 2005/06 : 418.06 492.50 30.21 416.03 76.47 2006/07 (Est.) : 420.56 497.03 30.65 420.92 76.11 2007/08 (Proj.) : March : 422.94 497.69 29.39 422.53 75.17 April : 425.29 501.40 27.53 424.31 77.09 : : United States Total grains 3/ : 2005/06 : 363.16 442.68 90.72 280.27 71.68 2006/07 (Est.) : 335.67 413.87 86.12 277.90 49.85 2007/08 (Proj.) : March : 413.62 469.62 107.41 315.51 46.70 April : 413.62 469.62 109.93 316.56 43.13 Wheat : 2005/06 : 57.28 74.19 27.29 31.36 15.55 2006/07 (Est.) : 49.32 68.18 24.73 31.04 12.41 2007/08 (Proj.) : March : 56.25 71.11 33.34 31.19 6.58 April : 56.25 71.11 34.70 29.83 6.58 Coarse grains 4/ : 2005/06 : 298.76 359.61 59.77 245.07 54.77 2006/07 (Est.) : 280.11 337.43 58.45 242.81 36.17 2007/08 (Proj.) : March : 351.06 390.25 70.48 280.33 39.43 April : 351.06 390.25 71.65 282.75 35.86 Rice, milled : 2005/06 : 7.11 8.87 3.66 3.84 1.37 2006/07 (Est.) : 6.24 8.26 2.94 4.05 1.27 2007/08 (Proj.) : March : 6.31 8.26 3.58 3.99 0.69 April : 6.31 8.26 3.58 3.99 0.69 =============================================================================== 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Wheat, coarse grains and milled rice. 4/ Corn, sorghum, barley, oats, rye, millet and mixed grains (for U.S. excludes millet and mixed grains). WASDE-457-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2005/06 : 1,654.04 1,979.02 162.75 1,751.32 318.43 2006/07 (Est.) : 1,658.72 1,970.63 171.90 1,767.95 288.80 2007/08 (Proj.) : March : 1,670.47 1,949.77 149.06 1,789.92 267.25 April : 1,677.04 1,959.69 146.93 1,795.64 273.98 Wheat : 2005/06 : 564.02 697.87 88.87 593.01 132.15 2006/07 (Est.) : 543.64 672.47 85.96 584.77 112.43 2007/08 (Proj.) : March : 548.71 658.92 73.55 588.43 103.82 April : 550.44 660.43 72.58 589.23 105.90 Coarse grains 5/ : 2005/06 : 679.07 797.53 47.33 746.11 111.19 2006/07 (Est.) : 700.76 809.40 58.24 766.32 101.52 2007/08 (Proj.) : March : 705.13 801.42 49.70 782.95 88.96 April : 707.62 806.13 50.40 786.09 91.68 Rice, milled : 2005/06 : 410.95 483.63 26.55 412.19 75.10 2006/07 (Est.) : 414.32 488.77 27.71 416.86 74.85 2007/08 (Proj.) : March : 416.62 489.43 25.81 418.54 74.48 April : 418.97 493.14 23.95 420.32 76.40 =============================================================================== 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. bales =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World 2005/06 : 117.69 175.00 44.59 116.23 60.15 2006/07 (Est.) : 122.08 182.23 37.26 123.24 61.20 2007/08 (Proj.) : March : 118.89 179.93 39.02 124.45 59.16 April : 119.73 180.93 38.94 124.94 59.64 : United States 2005/06 : 23.89 29.41 17.55 5.87 6.05 2006/07 (Est.) : 21.59 27.66 13.01 4.95 9.48 2007/08 (Proj.) : March : 19.03 28.53 14.50 4.60 9.40 April : 19.40 28.89 14.50 4.70 9.70 : Foreign 3/ 2005/06 : 93.80 145.59 27.05 110.36 54.10 2006/07 (Est.) : 100.49 154.57 24.25 118.30 51.72 2007/08 (Proj.) : March : 99.86 151.40 24.52 119.85 49.76 April : 100.33 152.03 24.44 120.24 49.94 =============================================================================== 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. WASDE-457-10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 2005/06 : 391.81 448.88 76.03 318.63 64.32 2006/07 (Est.) : 408.04 472.35 83.00 331.03 73.17 2007/08 (Proj.) : March : 390.09 463.03 87.00 341.12 55.23 April : 390.83 464.00 88.07 341.15 57.21 Oilmeals : 2005/06 : 215.96 223.91 65.49 214.79 7.77 2006/07 (Est.) : 225.55 233.31 68.28 222.99 7.00 2007/08 (Proj.) : March : 233.79 240.88 73.01 231.08 6.97 April : 233.77 240.76 72.93 231.28 6.63 Vegetable Oils : 2005/06 : 118.30 128.48 47.10 115.22 10.10 2006/07 (Est.) : 122.19 132.29 48.45 121.21 9.15 2007/08 (Proj.) : March : 128.22 137.10 50.82 127.49 8.76 April : 128.58 137.73 51.23 127.52 8.87 : : United States Oilseeds : 2005/06 : 95.53 104.49 26.61 51.90 14.20 2006/07 (Est.) : 96.61 111.84 31.68 53.45 17.02 2007/08 (Proj.) : March : 80.01 97.95 29.08 54.35 4.94 April : 80.12 98.21 30.61 54.50 5.47 Oilmeals : 2005/06 : 39.95 41.82 7.61 33.85 0.36 2006/07 (Est.) : 41.54 43.60 8.25 34.96 0.39 2007/08 (Proj.) : March : 42.21 44.45 8.19 35.94 0.33 April : 42.31 44.55 8.32 35.90 0.33 Vegetable Oils : 2005/06 : 10.39 13.87 0.90 11.18 1.80 2006/07 (Est.) : 10.44 14.76 1.31 11.80 1.66 2007/08 (Proj.) : March : 10.77 15.19 1.46 12.17 1.56 April : 10.77 15.22 1.53 12.16 1.54 : : Foreign 3/ Oilseeds : 2005/06 : 296.28 344.40 49.42 266.73 50.11 2006/07 (Est.) : 311.43 360.51 51.31 277.58 56.15 2007/08 (Proj.) : March : 310.08 365.08 57.92 286.77 50.29 April : 310.71 365.79 57.47 286.65 51.75 Oilmeals : 2005/06 : 176.01 182.09 57.88 180.94 7.41 2006/07 (Est.) : 184.01 189.72 60.03 188.03 6.61 2007/08 (Proj.) : March : 191.58 196.43 64.82 195.14 6.64 April : 191.46 196.22 64.60 195.39 6.30 Vegetable Oils : 2005/06 : 107.91 114.60 46.20 104.04 8.30 2006/07 (Est.) : 111.75 117.53 47.14 109.41 7.49 2007/08 (Proj.) : March : 117.44 121.90 49.36 115.32 7.20 April : 117.82 122.51 49.70 115.36 7.33 =============================================================================== 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total foreign is equal to world minus United States. WASDE-457-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : March April =============================================================================== Area : Million acres Planted : 57.2 57.3 60.4 60.4 Harvested : 50.1 46.8 51.0 51.0 Yield per harvested : Bushels acre : 42.0 38.7 40.5 40.5 : Million bushels Beginning stocks : 540 571 456 456 Production : 2,105 1,812 2,067 2,067 Imports : 81 122 90 90 Supply, total : 2,726 2,505 2,613 2,613 Food : 915 933 950 950 Seed : 78 81 86 86 Feed and residual : 160 125 110 60 Domestic, total : 1,152 1,140 1,146 1,096 Exports : 1,003 909 1,225 1,275 Use, total : 2,155 2,049 2,371 2,371 Ending stocks : 571 456 242 242 CCC inventory : 43 41 34 34 Free stocks : 528 415 208 208 Outstanding loans : 42 14 3 3 Avg. farm price ($/bu) 2/ : 3.42 4.26 6.50- 6.80 6.55- 6.75 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2006/07 (estimated) : Million bushels Beginning stocks : 215 132 106 78 40 571 Production : 682 432 390 254 53 1,812 Supply, total 3/ : 898 614 516 342 135 2,505 Domestic use : 452 247 261 101 79 1,140 Exports : 281 250 146 197 35 909 Use, total : 733 497 407 298 114 2,049 Ending stocks, total : 165 117 109 44 22 456 : 2007/08 (projected) : Beginning stocks : 165 117 109 44 22 456 Production : 962 449 358 227 72 2,067 Supply, total 3/ : 1,127 603 477 278 128 2,613 Domestic use : 491 235 210 86 74 1,096 Exports : 535 310 225 165 40 1,275 Use, total : 1,026 545 435 251 114 2,371 Ending stocks, total : April : 101 58 42 27 14 242 March : 106 63 32 27 14 242 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. WASDE-457-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : March April =============================================================================== FEED GRAINS : Area : Million acres Planted : 96.4 92.5 109.1 109.1 Harvested : 85.9 80.1 98.4 98.4 Yield per harvested : Metric tons acre : 3.47 3.50 3.57 3.57 : Million metric tons Beginning stocks : 58.8 54.7 36.2 36.2 Production : 298.6 279.9 350.9 350.9 Imports : 1.9 2.4 2.9 2.9 Supply, total : 359.3 337.1 389.9 389.9 Feed and residual : 163.2 148.3 159.2 164.0 Food, seed & industrial : 81.5 94.2 120.8 118.4 Domestic, total : 244.7 242.5 280.0 282.4 Exports : 59.8 58.4 70.5 71.6 Use, total : 304.5 300.9 350.5 354.1 Ending stocks, total : 54.7 36.2 39.4 35.8 CCC inventory : 0.0 0.0 0.0 0.0 Free stocks : 54.7 36.2 39.4 35.8 Outstanding loans : 4.4 3.0 5.9 5.9 : CORN : Area : Million acres Planted : 81.8 78.3 93.6 93.6 Harvested : 75.1 70.6 86.5 86.5 Yield per harvested : Bushels acre : 148.0 149.1 151.1 151.1 : Million bushels Beginning stocks : 2,114 1,967 1,304 1,304 Production : 11,114 10,535 13,074 13,074 Imports : 9 12 15 15 Supply, total : 13,237 12,514 14,393 14,393 Feed and residual : 6,155 5,598 5,950 6,150 Food, seed & industrial : 2,981 3,488 4,555 4,460 Ethanol for fuel 2/ : 1,603 2,117 3,200 3,100 Domestic, total : 9,136 9,086 10,505 10,610 Exports : 2,134 2,125 2,450 2,500 Use, total : 11,270 11,210 12,955 13,110 Ending stocks, total : 1,967 1,304 1,438 1,283 CCC inventory : 0 0 0 0 Free stocks : 1,967 1,304 1,438 1,283 Outstanding loans : 171 116 230 230 Avg. farm price ($/bu) 3/ : 2.00 3.04 3.75- 4.25 4.10- 4.50 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System (http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. WASDE-457-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : March April =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 6.5 7.7 7.7 Area harv. (mil. acres) : 5.7 4.9 6.8 6.8 Yield (bushels/acre) : 68.5 56.2 74.2 74.2 Beginning stocks : 57 66 32 32 Production : 393 278 505 505 Imports : 0 0 0 0 Supply, total : 450 343 537 537 Feed and residual : 140 109 175 165 Food, seed & industrial : 50 45 35 35 Total domestic : 190 154 210 200 Exports : 194 157 285 285 Use, total : 384 311 495 485 Ending stocks, total : 66 32 42 52 Avg. farm price ($/bu) 2/ : 1.86 3.29 3.65- 4.15 3.95- 4.35 : BARLEY : Area planted (mil. acres) : 3.9 3.5 4.0 4.0 Area harv. (mil. acres) : 3.3 3.0 3.5 3.5 Yield (bushels/acre) : 64.8 61.1 60.4 60.4 Beginning stocks : 128 108 69 69 Production : 212 180 212 212 Imports : 5 12 20 20 Supply, total : 346 300 301 301 Feed and residual : 52 56 60 60 Food, seed & industrial : 158 156 145 145 Total domestic : 210 211 205 205 Exports : 28 20 45 40 Use, total : 238 231 250 245 Ending stocks, total : 108 69 51 56 Avg. farm price ($/bu) 2/ : 2.53 2.85 3.95- 4.15 4.00- 4.10 : OATS : Area planted (mil. acres) : 4.2 4.2 3.8 3.8 Area harv. (mil. acres) : 1.8 1.6 1.5 1.5 Yield (bushels/acre) : 63.0 59.8 60.9 60.9 Beginning stocks : 58 53 51 51 Production : 115 94 92 92 Imports : 91 106 120 120 Supply, total : 264 252 262 262 Feed and residual : 136 125 135 135 Food, seed & industrial : 74 74 75 75 Total domestic : 209 199 210 210 Exports : 2 3 2 2 Use, total : 211 202 212 212 Ending stocks, total : 53 51 50 50 Avg. farm price ($/bu) 2/ : 1.63 1.87 2.40- 2.60 2.50- 2.60 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-457-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : March April =============================================================================== TOTAL : Area : Million acres Planted : 3.38 2.84 2.76 2.76 Harvested : 3.36 2.82 2.75 2.75 Yield per harvested : Pounds acre : 6,636 6,868 7,185 7,185 : : Million hundredweight : Beginning stocks 2/ : 37.7 43.0 39.3 39.3 Production : 223.2 193.7 197.5 197.5 Imports : 17.1 20.6 21.5 21.5 Supply, total : 278.1 257.3 258.3 258.3 Domestic & residual 3/ : 120.2 126.6 124.7 124.7 Exports, total 4/ : 114.9 91.4 112.0 112.0 Rough : 33.4 32.1 36.5 36.5 Milled (rough equiv.) : 81.4 59.3 75.5 75.5 Use, total : 235.1 218.0 236.7 236.7 Ending stocks : 43.0 39.3 21.6 21.6 Avg. milling yield (%) 5/ : 70.2 71.0 70.5 70.5 Avg. farm price ($/cwt) 6/ : 7.65 9.96 11.85-12.15 12.05-12.35 : LONG GRAIN : Harvested acres (mil.) : 2.73 2.19 2.05 2.05 Yield (pounds/acre) : 6,493 6,689 6,929 6,929 Beginning stocks : 22.7 32.7 28.5 28.5 Production : 177.5 146.2 142.2 142.2 Supply, total 7/ : 212.5 193.1 185.7 185.7 Domestic & Residual 3/ : 87.9 91.9 89.0 89.0 Exports 8/ : 92.0 72.7 86.0 86.0 Use, total : 179.8 164.6 175.0 175.0 Ending stocks : 32.7 28.5 10.7 10.7 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.63 0.64 0.70 0.70 Yield (pounds/acre) : 7,255 7,484 7,942 7,942 Beginning stocks : 13.8 9.4 10.0 10.0 Production : 45.7 47.5 55.3 55.3 Supply, total 7/ : 64.7 63.4 71.8 71.8 Domestic & Residual 3/ : 32.4 34.7 35.7 35.7 Exports 8/ : 22.9 18.7 26.0 26.0 Use, total : 55.2 53.4 61.7 61.7 Ending stocks : 9.4 10.0 10.1 10.1 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2005/06-1.1; 2006/07-0.9; 2007/08-0.8. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-457-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : March April =============================================================================== SOYBEANS: : Million acres Area : Planted : 72.0 75.5 63.6 63.6 Harvested : 71.3 74.6 62.8 62.8 : : Bushels Yield per harvested : acre : 43.0 42.7 41.2 41.2 : : Million bushels : Beginning stocks : 256 449 574 574 Production : 3,063 3,188 2,585 2,585 Imports : 3 9 6 10 Supply, total : 3,322 3,647 3,165 3,169 Crushings : 1,739 1,806 1,835 1,840 Exports : 940 1,118 1,025 1,075 Seed : 93 78 86 92 Residual : 101 70 79 2 3/ Use, total : 2,873 3,073 3,025 3,009 Ending stocks : 449 574 140 160 Avg. farm price ($/bu) 2/ : 5.66 6.43 10.00-10.80 10.00 -10.50 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,699 3,010 2,904 2,904 Production : 20,387 20,487 21,195 21,250 Imports : 35 37 37 37 Supply, total : 22,122 23,535 24,137 24,192 Domestic : 17,959 18,743 18,900 18,700 For methyl ester : 1,555 2,796 2,800 2,950 Exports : 1,153 1,888 2,400 2,700 Use, total : 19,112 20,630 21,300 21,400 Ending stocks : 3,010 2,904 2,837 2,792 Average price (c/lb) 2/ : 23.41 31.02 53.00- 50.00- : 57.00 54.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 172 314 351 351 Production : 41,244 43,027 43,784 43,934 Imports : 141 156 165 165 Supply, total : 41,557 43,497 44,300 44,450 Domestic : 33,195 34,360 35,300 35,300 Exports : 8,048 8,786 8,700 8,850 Use, total : 41,243 43,146 44,000 44,150 Ending stocks : 314 351 300 300 Average price ($/s.t.) 2/ : 174.17 205.44 320.00- 315.00- : 350.00 335.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. 3/ Supply estimates and reported use through February indicate a below-average residual. WASDE-457-16 U.S. Sugar Supply and Use 1/ ===================================================================== : : : 2007/08 Projection Item : 2005/06 : 2006/07 :==================== : : Est. : March April ===================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,332 1,698 1,799 1,799 Production 2/ : 7,399 8,446 8,438 8,410 Beet sugar : 4,444 5,008 4,839 4,809 Cane sugar : 2,955 3,438 3,599 3,601 Florida : 1,367 1,719 1,697 1,710 Hawaii : 223 222 238 238 Louisiana : 1,190 1,320 1,490 1,490 Texas : 175 177 174 163 Imports : 3,443 2,080 2,241 2,241 TRQ 3/ : 2,588 1,624 1,336 1,336 Other program 4/ : 349 390 425 425 Other 5/ : 506 66 480 480 Mexico : 420 60 475 475 Total supply : 12,174 12,224 12,478 12,450 : Exports : 203 422 250 250 Deliveries : 10,341 10,135 10,250 10,250 Food : 10,184 9,913 10,050 10,050 Other 6/ : 157 222 200 200 Miscellaneous 7/ : -68 -132 0 0 Total use : 10,476 10,425 10,500 10,500 Ending stocks : 1,698 1,799 1,978 1,950 : Stocks to use ratio : 16.2 17.3 18.8 18.6 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ Production projections for 2007/08 are processor projections compiled by the Farm Service Agency. 3/ Actual arrivals under the tariff rate quota (TRQ) with late entries, early entries, and TRQ overfills assigned to the fiscal year in which they actually arrived. For 2007/08, includes shortfall of 100,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2005/06, other high-tier (30) and other (56). For 2006/07, other high-tier (6) and other (0). For 2007/08, other high-tier (5) and other (0). 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports. WASDE-457-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : March April =============================================================================== : Million acres Area : Planted : 14.25 15.27 10.83 10.83 Harvested : 13.80 12.73 10.49 10.49 : : Pounds Yield per harvested : acre : 831 814 871 888 : : Million 480 pound bales : Beginning stocks 2/ : 5.50 6.05 9.48 9.48 Production : 23.89 21.59 19.03 19.40 Imports : 0.03 0.02 0.02 0.02 Supply, total : 29.41 27.66 28.53 28.89 Domestic use : 5.87 4.95 4.60 4.70 Exports : 17.55 13.01 14.50 14.50 Use, total : 23.42 17.96 19.10 19.20 Unaccounted 3/ : -0.06 0.22 0.03 -0.01 Ending stocks : 6.05 9.48 9.40 9.70 : Avg. farm price 4/ : 47.7 46.5 56.2 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. 5/ Average price for August 2007 - February 2008. USDA is prohibited by law from publishing cotton price projections. =============================================================================== Notes: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 2007/08 is 52.5 percent. A table including detail for upland and extra long staple (ELS) cotton will be posted by noon on WASDE report release days at: http://www.usda.gov/oce/commodity/wasde/index.htm WASDE-457-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 150.76 621.30 110.15 111.40 624.37 116.16 147.69 United States : 14.70 57.28 2.21 4.35 31.36 27.29 15.55 Total foreign : 136.06 564.02 107.93 107.05 593.01 88.87 132.15 Major exporters 4/ : 42.75 197.78 7.13 70.94 147.24 57.27 43.15 Argentina : 0.55 14.50 0.01 0.08 5.00 9.56 0.50 Australia : 6.78 25.17 0.08 3.70 6.40 16.01 9.62 Canada : 7.92 25.75 0.29 4.18 8.32 16.00 9.64 EU-27 5/ : 27.50 132.36 6.76 62.98 127.53 15.69 23.39 Major importers 6/ : 62.13 162.66 58.77 8.40 218.93 4.42 60.21 Brazil : 1.35 4.87 6.72 0.60 10.80 0.81 1.33 China : 38.82 97.45 1.02 3.50 101.00 1.40 34.89 Select. Mideast 7/ : 5.59 19.65 12.18 1.95 30.00 0.60 6.82 N. Africa 8/ : 10.52 15.18 18.56 0.30 33.51 0.23 10.51 Pakistan : 2.25 21.61 0.95 0.40 21.50 0.05 3.26 Southeast Asia 9/ : 2.05 0.00 10.33 1.23 10.00 0.38 2.00 Selected other : India : 4.10 68.64 0.03 0.30 69.97 0.80 2.00 FSU-12 : 13.46 91.92 5.15 23.31 75.74 21.13 13.67 Russia : 3.89 47.70 1.28 14.90 38.40 10.66 3.81 Kazakhstan : 3.19 11.00 0.04 2.70 7.40 3.82 3.01 Ukraine : 2.61 18.70 0.07 2.90 12.50 6.46 2.41 : : 2006/07 (Estimated) : World 3/ : 147.69 592.96 112.33 105.66 615.80 110.69 124.85 United States : 15.55 49.32 3.32 3.42 31.04 24.73 12.41 Total foreign : 132.15 543.64 109.01 102.24 584.77 85.96 112.43 Major exporters 4/ : 43.15 175.91 5.56 69.31 146.54 52.74 25.33 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.62 10.64 0.09 4.70 7.40 8.73 4.22 Canada : 9.64 25.27 0.32 4.33 8.74 19.64 6.85 EU-27 5/ : 23.39 124.80 5.14 60.20 125.50 13.87 13.96 Major importers 6/ : 60.21 170.92 55.01 7.68 219.56 5.21 61.36 Brazil : 1.33 2.23 7.75 0.20 10.50 0.04 0.78 China : 34.89 104.47 0.38 4.00 101.00 2.78 35.96 Select. Mideast 7/ : 6.82 19.92 10.52 1.55 30.11 0.55 6.59 N. Africa 8/ : 10.51 18.53 16.30 0.25 33.90 0.26 11.18 Pakistan : 3.26 21.70 0.06 0.40 21.90 0.20 2.92 Southeast Asia 9/ : 2.00 0.00 10.65 0.88 9.96 0.42 2.28 Selected other : India : 2.00 69.35 6.71 0.30 73.36 0.20 4.50 FSU-12 : 13.67 85.98 5.93 21.45 73.64 22.35 9.60 Russia : 3.81 44.90 0.86 14.10 36.40 10.79 2.38 Kazakhstan : 3.01 13.50 0.03 2.70 7.50 8.00 1.04 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-457-19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : March : 125.06 604.96 104.86 99.49 619.62 106.89 110.40 April : 124.85 606.69 105.25 97.33 619.06 107.28 112.48 United States : March : 12.41 56.25 2.45 2.99 31.19 33.34 6.58 April : 12.41 56.25 2.45 1.63 29.83 34.70 6.58 Total foreign : March : 112.65 548.71 102.41 96.50 588.43 73.55 103.82 April : 112.43 550.44 102.80 95.70 589.23 72.58 105.90 Major exporters 4/ : March : 25.34 168.30 6.86 62.75 140.67 40.50 19.32 April : 25.33 168.30 6.86 61.75 139.67 40.00 20.82 Argentina Mar : 0.31 15.50 0.01 0.08 5.40 9.50 0.91 Apr : 0.31 15.50 0.01 0.08 5.40 9.50 0.91 Australia Mar : 4.22 13.10 0.08 3.50 6.20 8.00 3.20 Apr : 4.22 13.10 0.08 3.50 6.20 7.50 3.70 Canada Mar : 6.85 20.05 0.28 4.50 9.10 14.00 4.07 Apr : 6.85 20.05 0.28 4.50 9.10 14.00 4.07 EU-27 5/ Mar : 13.96 119.65 6.50 54.67 119.97 9.00 11.14 Apr : 13.96 119.65 6.50 53.67 118.97 9.00 12.14 Major importers 6/ : March : 61.58 171.01 53.83 6.95 219.78 5.91 60.73 April : 61.36 171.25 54.30 6.95 220.28 6.41 60.23 Brazil Mar : 0.78 3.83 7.00 0.20 10.50 0.30 0.81 Apr : 0.78 3.83 7.00 0.20 10.50 0.50 0.61 China Mar : 35.96 106.00 0.15 4.00 100.50 2.50 39.11 Apr : 35.96 106.00 0.15 4.00 100.50 2.70 38.91 Sel. Mideast 7/Mar : 6.81 20.09 8.58 0.90 28.88 0.55 6.04 Apr : 6.59 20.16 8.65 0.90 29.06 0.55 5.79 N. Africa 8/ Mar : 11.18 13.78 17.80 0.15 34.88 0.16 7.73 Apr : 11.18 13.82 18.20 0.15 35.18 0.16 7.87 Pakistan Mar : 2.92 23.00 1.00 0.40 22.40 1.00 3.52 Apr : 2.92 23.00 1.00 0.40 22.40 1.00 3.52 SE Asia 9/ Mar : 2.28 0.00 10.20 0.90 10.28 0.43 1.78 Apr : 2.28 0.00 10.20 0.90 10.20 0.53 1.76 Selected other : India Mar : 4.50 75.81 2.00 0.20 75.85 0.05 6.41 Apr : 4.50 75.81 2.00 0.20 75.85 0.05 6.41 FSU-12 Mar : 9.60 93.49 5.57 23.68 76.61 22.65 9.39 Apr : 9.60 93.69 5.58 23.78 76.82 21.65 10.41 Russia Mar : 2.38 49.40 1.00 15.40 38.20 12.50 2.08 Apr : 2.38 49.40 1.00 15.40 38.20 12.50 2.08 Kazakhstan Mar : 1.04 16.60 0.02 2.70 7.50 8.50 1.66 Apr : 1.04 16.60 0.03 2.70 7.50 8.50 1.67 Ukraine Mar : 1.43 13.90 0.35 3.10 12.70 1.50 1.48 Apr : 1.43 13.90 0.35 3.10 12.70 0.50 2.48 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-457-20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 179.31 977.83 104.50 635.12 991.19 107.10 165.95 United States : 58.80 298.76 2.05 163.33 245.07 59.77 54.77 Total foreign : 120.51 679.07 102.45 471.78 746.11 47.33 111.19 Major exporters 4/ : 13.61 65.04 3.09 35.55 48.23 20.26 13.26 Argentina : 1.56 19.22 0.06 6.81 9.37 10.02 1.46 Australia : 2.30 13.54 0.00 5.89 7.17 5.59 3.08 Canada : 6.32 24.97 1.99 18.64 22.92 4.08 6.28 Major importers 5/ : 48.38 217.19 77.50 218.14 293.18 5.65 44.24 EU-27 6/ : 25.12 146.74 2.78 109.42 147.54 4.36 22.75 Japan : 1.88 0.19 19.77 15.06 20.09 0.01 1.74 Mexico : 5.40 25.83 9.90 21.19 37.59 0.21 3.34 N. Afr & Mideast 7/: 9.21 27.21 18.84 38.72 45.64 0.89 8.72 Saudi Arabia : 2.81 0.30 8.52 8.03 8.22 0.00 3.42 Southeast Asia 8/ : 1.68 16.54 4.41 14.57 20.33 0.18 2.12 South Korea : 1.40 0.34 8.55 6.56 8.91 0.00 1.38 Selected other : Brazil : 4.38 44.17 1.36 35.01 42.22 4.52 3.17 China : 37.02 147.70 2.31 103.12 147.46 3.76 35.81 FSU-12 : 7.24 55.31 1.16 33.76 49.75 8.47 5.49 Russia : 2.67 27.60 0.54 17.65 27.70 1.78 1.33 Ukraine : 2.67 18.14 0.07 8.45 11.99 6.50 2.40 : : 2006/07 (Estimated) : World 3/ : 165.95 980.87 112.85 630.44 1009.13 116.68 137.69 United States : 54.77 280.11 2.55 148.37 242.81 58.45 36.17 Total foreign : 111.19 700.76 110.30 482.07 766.32 58.24 101.52 Major exporters 4/ : 13.26 65.02 3.73 36.27 49.91 23.00 9.10 Argentina : 1.46 27.54 0.00 7.36 10.02 16.81 2.17 Australia : 3.08 6.58 0.00 4.96 6.20 2.02 1.44 Canada : 6.28 23.15 2.17 19.45 24.45 3.65 3.49 Major importers 5/ : 44.24 213.04 84.62 220.47 296.24 5.68 39.99 EU-27 6/ : 22.75 138.32 7.99 108.01 146.51 4.69 17.86 Japan : 1.74 0.18 19.67 14.88 19.82 0.00 1.76 Mexico : 3.34 29.14 11.02 22.96 39.51 0.22 3.78 N. Afr & Mideast 7/: 8.72 27.82 20.84 40.32 47.62 0.31 9.45 Saudi Arabia : 3.42 0.34 8.08 8.53 8.75 0.00 3.08 Southeast Asia 8/ : 2.12 16.88 3.70 14.56 20.32 0.46 1.92 South Korea : 1.38 0.33 8.80 6.96 9.16 0.00 1.35 Selected other : Brazil : 3.17 53.18 1.76 36.29 43.45 10.95 3.70 China : 35.81 153.50 1.16 104.47 152.23 5.41 32.83 FSU-12 : 5.49 58.70 0.89 35.67 51.27 8.48 5.34 Russia : 1.33 30.20 0.36 18.60 28.60 1.62 1.67 Ukraine : 2.40 19.18 0.05 9.95 13.38 6.13 2.12 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-457-21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : March : 135.48 1056.19 117.86 652.43 1063.28 120.18 128.39 April : 137.69 1058.68 117.85 657.53 1068.84 122.05 127.54 United States : March : 36.17 351.06 3.01 159.26 280.33 70.48 39.43 April : 36.17 351.06 3.01 164.09 282.75 71.65 35.86 Total foreign : March : 99.31 705.13 114.85 493.17 782.95 49.70 88.96 April : 101.52 707.62 114.84 493.44 786.09 50.40 91.68 Major exporters 4/ : March : 9.10 75.70 2.45 36.92 51.51 25.62 10.12 April : 9.10 76.20 2.45 37.02 51.61 26.29 9.85 Argentina Mar : 2.17 26.67 0.00 7.51 10.27 16.61 1.97 Apr : 2.17 26.97 0.00 7.51 10.27 16.96 1.92 Australia Mar : 1.44 9.71 0.00 5.62 6.91 2.69 1.55 Apr : 1.44 9.91 0.00 5.82 7.11 2.69 1.55 Canada Mar : 3.49 27.84 2.07 19.09 24.65 4.80 3.95 Apr : 3.49 27.84 2.07 18.99 24.55 5.13 3.72 Major importers 5/ : March : 37.87 209.37 92.00 228.09 304.45 5.47 29.32 April : 39.99 211.18 91.74 228.75 305.17 5.47 32.27 EU-27 6/ Mar : 17.86 136.63 15.46 113.35 152.45 5.06 12.44 Apr : 17.86 136.94 16.69 114.55 153.71 5.06 12.71 Japan Mar : 1.76 0.20 19.14 14.54 19.57 0.00 1.53 Apr : 1.76 0.20 19.16 14.57 19.59 0.00 1.53 Mexico Mar : 3.43 29.78 11.33 23.98 40.71 0.10 3.73 Apr : 3.78 29.78 11.33 23.98 40.71 0.10 4.08 N Afr/M.East 7/Mar : 7.80 24.65 21.70 41.07 48.06 0.05 6.05 Apr : 9.45 25.57 20.40 40.12 47.08 0.05 8.29 Saudi Arabia Mar : 2.94 0.20 7.40 8.63 8.81 0.00 1.73 Apr : 3.08 0.32 7.40 8.73 8.95 0.00 1.84 S.-east Asia 8/Mar : 1.94 17.53 3.66 15.16 21.02 0.26 1.84 Apr : 1.92 18.01 3.46 15.45 21.31 0.26 1.82 South Korea Mar : 1.35 0.32 8.87 7.05 9.23 0.00 1.31 Apr : 1.35 0.32 8.87 7.05 9.23 0.00 1.31 Selected other : Brazil Mar : 3.84 55.86 1.01 38.15 45.38 9.15 6.17 Apr : 3.70 55.32 1.06 37.73 44.89 9.15 6.03 China Mar : 32.83 153.60 1.33 106.51 157.51 0.75 29.50 Apr : 32.83 153.60 1.33 106.51 157.51 0.75 29.50 FSU-12 Mar : 5.34 53.91 0.56 34.85 50.37 4.95 4.49 Apr : 5.34 53.91 0.63 34.92 50.44 4.95 4.49 Russia Mar : 1.67 29.33 0.38 18.78 29.05 1.05 1.27 Apr : 1.67 29.33 0.38 18.78 29.05 1.05 1.27 Ukraine Mar : 2.12 14.59 0.02 9.29 12.29 2.51 1.93 Apr : 2.12 14.59 0.05 9.32 12.32 2.51 1.93 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-457-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 132.14 696.86 79.47 476.31 703.89 80.93 125.11 United States : 53.70 282.31 0.22 156.34 232.06 54.20 49.97 Total foreign : 78.44 414.55 79.24 319.97 471.83 26.73 75.14 Major exporters 4/ : 4.15 22.74 1.00 8.40 14.40 10.01 3.46 Argentina : 0.96 15.80 0.06 4.40 6.20 9.46 1.16 South Africa : 3.19 6.94 0.93 4.00 8.20 0.55 2.31 Major importers 5/ : 18.02 103.16 47.86 105.16 149.70 0.84 18.50 Egypt : 0.42 5.93 4.40 8.30 10.10 0.00 0.65 EU-27 6/ : 8.11 61.16 2.63 47.00 61.50 0.45 9.95 Japan : 1.03 0.00 16.62 12.00 16.70 0.01 0.94 Mexico : 4.53 19.50 6.79 12.40 27.90 0.21 2.71 Southeast Asia 7/ : 1.66 16.46 4.40 14.50 20.25 0.17 2.10 South Korea : 1.40 0.07 8.49 6.51 8.58 0.00 1.38 Selected other : Brazil : 4.19 41.70 1.15 33.00 39.50 4.52 3.02 Canada : 1.80 9.36 1.93 8.55 10.84 0.25 2.00 China : 36.56 139.36 0.06 101.00 137.00 3.73 35.26 FSU-12 : 2.14 13.29 0.71 10.27 11.93 2.55 1.65 Ukraine : 1.32 7.15 0.01 4.40 5.10 2.46 0.92 : : 2006/07 (Estimated) : World 3/ : 125.11 705.34 90.78 472.51 722.26 93.07 108.20 United States : 49.97 267.60 0.30 142.19 230.79 53.97 33.11 Total foreign : 75.14 437.75 90.47 330.32 491.47 39.10 75.08 Major exporters 4/ : 3.46 29.80 1.50 9.10 15.40 15.80 3.56 Argentina : 1.16 22.50 0.00 4.80 6.70 15.30 1.66 South Africa : 2.31 7.30 1.50 4.30 8.70 0.50 1.91 Major importers 5/ : 18.50 100.25 54.37 107.31 152.11 1.33 19.68 Egypt : 0.65 6.15 4.83 8.60 10.70 0.00 0.92 EU-27 6/ : 9.95 54.84 7.06 46.50 61.10 0.66 10.08 Japan : 0.94 0.00 16.71 11.90 16.50 0.00 1.15 Mexico : 2.71 22.35 8.94 14.70 30.30 0.22 3.48 Southeast Asia 7/ : 2.10 16.81 3.70 14.50 20.25 0.44 1.91 South Korea : 1.38 0.07 8.74 6.91 8.83 0.00 1.35 Selected other : Brazil : 3.02 51.00 1.40 34.50 41.00 10.84 3.58 Canada : 2.00 8.99 2.10 8.46 11.44 0.31 1.34 China : 35.26 145.48 0.02 103.00 143.00 5.27 32.48 FSU-12 : 1.65 12.85 0.48 10.49 12.13 1.13 1.72 Ukraine : 0.92 6.40 0.02 4.50 5.25 1.03 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-457-23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : March : 106.17 770.17 92.88 490.90 772.31 94.42 104.03 April : 108.20 772.17 92.58 496.20 777.39 95.71 102.97 United States : March : 33.11 332.09 0.38 151.14 266.84 62.23 36.52 April : 33.11 332.09 0.38 156.22 269.51 63.50 32.58 Total foreign : March : 73.06 438.08 92.50 339.76 505.47 32.19 67.52 April : 75.08 440.08 92.20 339.98 507.89 32.21 70.39 Major exporters 4/ : March : 3.56 32.50 0.25 9.30 15.80 16.50 4.01 April : 3.56 32.50 0.25 9.30 15.80 16.50 4.01 Argentina Mar : 1.66 21.50 0.00 4.80 6.70 15.00 1.46 Apr : 1.66 21.50 0.00 4.80 6.70 15.00 1.46 South Africa Mar : 1.91 11.00 0.25 4.50 9.10 1.50 2.56 Apr : 1.91 11.00 0.25 4.50 9.10 1.50 2.56 Major importers 5/ : March : 19.32 93.49 58.25 110.50 156.07 0.64 14.35 April : 19.68 94.43 58.25 111.00 156.57 0.64 15.15 Egypt Mar : 0.91 5.98 5.00 9.10 11.20 0.00 0.69 Apr : 0.92 6.17 4.20 8.30 10.40 0.00 0.89 EU-27 6/ Mar : 10.08 47.48 10.50 47.10 62.10 0.30 5.65 Apr : 10.08 47.72 11.50 48.10 63.10 0.30 5.90 Japan Mar : 1.15 0.00 16.30 11.80 16.50 0.00 0.95 Apr : 1.15 0.00 16.30 11.80 16.50 0.00 0.95 Mexico Mar : 3.13 22.50 9.70 16.20 32.00 0.10 3.23 Apr : 3.48 22.50 9.70 16.20 32.00 0.10 3.58 S.-east Asia 7/Mar : 1.91 17.44 3.65 15.10 20.95 0.24 1.82 Apr : 1.91 17.94 3.45 15.40 21.25 0.24 1.82 South Korea Mar : 1.35 0.06 8.80 7.00 8.90 0.00 1.31 Apr : 1.35 0.06 8.80 7.00 8.90 0.00 1.31 Selected other : Brazil Mar : 3.72 53.00 0.75 36.00 42.50 9.00 5.97 Apr : 3.58 53.00 0.75 36.00 42.50 9.00 5.83 Canada Mar : 1.34 11.65 2.00 9.20 12.70 0.40 1.89 Apr : 1.34 11.65 2.00 9.20 12.70 0.40 1.89 China Mar : 32.48 145.00 0.10 105.00 148.00 0.50 29.08 Apr : 32.48 145.00 0.10 105.00 148.00 0.50 29.08 FSU-12 Mar : 1.72 13.79 0.23 10.69 12.28 1.58 1.88 Apr : 1.72 13.79 0.23 10.69 12.28 1.58 1.88 Ukraine Mar : 1.07 7.40 0.00 5.00 5.60 1.50 1.37 Apr : 1.07 7.40 0.00 5.00 5.60 1.50 1.37 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-457-24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 3/ : 74.44 418.06 25.94 416.03 30.21 76.47 United States : 1.21 7.11 0.54 3.84 3.66 1.37 Total foreign : 73.23 410.95 25.39 412.19 26.55 75.10 Major exporters 4/ : 12.41 138.31 0.36 114.92 20.43 15.73 India : 8.50 91.79 0.01 85.09 4.69 10.52 Pakistan : 0.31 5.55 0.00 1.90 3.66 0.30 Thailand : 2.31 18.20 0.00 9.54 7.38 3.59 Vietnam : 1.29 22.77 0.35 18.39 4.71 1.32 Major importers 5/ : 12.75 59.65 10.79 69.69 0.50 12.99 Brazil : 1.75 7.87 0.75 8.97 0.28 1.11 EU-27 6/ : 1.14 1.73 1.13 2.65 0.16 1.18 Indonesia : 3.45 34.96 0.54 35.74 0.00 3.21 Nigeria : 0.42 2.70 1.78 4.35 0.00 0.55 Philippines : 4.57 9.82 1.62 10.72 0.00 5.29 Sel. Mideast 7/ : 1.23 2.01 3.91 5.61 0.06 1.49 Selected other : Burma : 0.71 10.44 0.00 10.40 0.05 0.70 C. Amer & Carib 8/ : 0.13 0.07 0.48 0.48 0.00 0.20 China : 38.93 126.41 0.65 128.00 1.22 36.78 Egypt : 0.50 4.14 0.03 3.34 0.96 0.36 Japan : 1.92 8.26 0.67 8.25 0.20 2.40 Mexico : 0.17 0.18 0.58 0.78 0.00 0.16 South Korea : 0.82 4.77 0.22 4.77 0.22 0.82 : : 2006/07 (Estimated) World 3/ : 76.47 420.56 27.67 420.92 30.65 76.11 United States : 1.37 6.24 0.65 4.05 2.94 1.27 Total foreign : 75.10 414.32 27.01 416.86 27.71 74.85 Major exporters 4/ : 15.73 139.69 0.46 118.19 21.92 15.76 India : 10.52 93.35 0.00 86.94 5.50 11.43 Pakistan : 0.30 5.20 0.00 2.64 2.40 0.46 Thailand : 3.59 18.25 0.01 9.87 9.50 2.48 Vietnam : 1.32 22.89 0.45 18.75 4.52 1.39 Major importers 5/ : 12.99 60.51 11.68 70.44 0.42 14.31 Brazil : 1.11 7.70 0.75 8.72 0.23 0.62 EU-27 6/ : 1.18 1.69 1.30 2.75 0.15 1.27 Indonesia : 3.21 35.30 2.00 35.90 0.00 4.61 Nigeria : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines : 5.29 10.09 1.80 11.55 0.00 5.63 Sel. Mideast 7/ : 1.49 2.13 2.96 5.11 0.05 1.43 Selected other : Burma : 0.70 10.60 0.00 10.67 0.03 0.60 C. Amer & Carib 8/ : 0.20 0.07 0.38 0.48 0.00 0.17 China : 36.78 127.80 0.47 127.80 1.34 35.92 Egypt : 0.36 4.39 0.10 3.27 1.21 0.37 Japan : 2.40 7.79 0.68 8.25 0.20 2.41 Mexico : 0.16 0.23 0.59 0.83 0.00 0.15 South Korea : 0.82 4.68 0.27 4.78 0.16 0.82 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-457-25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2007/08 (Projected) World 3/ : March : 74.76 422.94 27.96 422.53 29.39 75.17 April : 76.11 425.29 25.77 424.31 27.53 77.09 United States : March : 1.27 6.31 0.68 3.99 3.58 0.69 April : 1.27 6.31 0.68 3.99 3.58 0.69 Total foreign : March : 73.49 416.62 27.28 418.54 25.81 74.48 April : 74.85 418.97 25.08 420.32 23.95 76.40 Major exporters 4/ : March : 15.76 141.26 0.46 120.69 20.40 16.39 April : 15.76 141.16 0.16 122.19 18.90 15.99 India Mar : 11.43 94.00 0.00 89.93 3.50 12.00 Apr : 11.43 94.00 0.00 90.43 3.00 12.00 Pakistan Mar : 0.46 5.40 0.00 2.44 2.90 0.52 Apr : 0.46 5.40 0.00 2.44 2.90 0.52 Thailand Mar : 2.48 18.60 0.01 9.60 9.00 2.49 Apr : 2.48 18.50 0.01 9.60 9.00 2.39 Vietnam Mar : 1.39 23.26 0.45 18.72 5.00 1.39 Apr : 1.39 23.26 0.15 19.72 4.00 1.09 Major importers 5/ : March : 12.75 60.09 10.98 71.69 0.32 11.80 April : 14.31 61.89 10.03 71.52 0.42 14.28 Brazil Mar : 0.56 7.99 0.85 8.90 0.15 0.35 Apr : 0.62 8.20 0.70 8.70 0.25 0.57 EU-27 6/ Mar : 1.27 1.68 1.10 2.75 0.15 1.15 Apr : 1.27 1.68 1.10 2.75 0.15 1.15 Indonesia Mar : 2.86 34.00 1.60 36.15 0.00 2.31 Apr : 4.61 35.50 1.10 36.35 0.00 4.86 Nigeria Mar : 0.60 3.00 1.70 4.70 0.00 0.60 Apr : 0.60 3.00 1.60 4.70 0.00 0.50 Philippines Mar : 5.63 10.40 1.80 12.06 0.00 5.77 Apr : 5.63 10.40 1.80 12.00 0.00 5.83 Sel. Mideast 7/Mar : 1.68 2.42 2.96 5.52 0.02 1.52 Apr : 1.43 2.38 2.76 5.28 0.02 1.27 Selected other : Burma Mar : 0.71 10.66 0.00 10.70 0.20 0.47 Apr : 0.60 11.30 0.00 11.18 0.40 0.32 C. Am & Car. 8/Mar : 0.17 0.07 0.40 0.49 0.00 0.14 Apr : 0.17 0.07 0.40 0.49 0.00 0.14 China Mar : 35.92 129.50 0.60 127.00 1.30 37.72 Apr : 35.92 129.50 0.30 127.00 1.00 37.72 Egypt Mar : 0.40 4.38 0.00 3.40 0.95 0.43 Apr : 0.37 4.39 0.02 3.39 0.80 0.59 Japan Mar : 2.41 7.93 0.70 8.15 0.20 2.69 Apr : 2.41 7.93 0.70 8.15 0.20 2.69 Mexico Mar : 0.18 0.20 0.63 0.80 0.00 0.20 Apr : 0.15 0.20 0.65 0.78 0.01 0.20 South Korea Mar : 0.82 4.41 0.27 4.76 0.15 0.58 Apr : 0.82 4.41 0.27 4.76 0.15 0.58 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-457-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2005/06 : World : 57.31 117.69 44.37 116.23 44.59 -1.60 60.15 United States : 5.50 23.89 0.03 5.87 17.55 -0.06 6.05 Total foreign : 51.81 93.80 44.34 110.36 27.05 -1.54 54.10 Major exporters 4/ : 22.34 43.71 1.74 25.59 22.47 -0.24 19.98 Central Asia 5/ : 2.29 8.37 0.20 1.40 7.31 0.00 2.16 Afr. Fr. Zone 6/ : 1.87 4.24 3/ 0.19 4.44 0.00 1.48 S. Hemis. 7/ : 7.99 8.94 0.61 5.51 5.55 -0.25 6.75 Australia : 1.96 2.80 3/ 0.06 2.88 -0.12 1.94 Brazil : 5.03 4.70 0.31 4.40 1.97 -0.15 3.82 India : 8.76 19.05 0.40 16.70 3.45 0.00 8.06 Major importers 8/ : 27.04 46.53 40.08 80.15 2.89 -1.31 31.91 Mexico : 1.32 0.64 1.74 2.10 0.25 0.03 1.32 China : 15.06 29.50 19.28 45.00 0.04 -1.50 20.31 EU-27 9/ : 1.15 2.51 2.31 2.72 2.01 0.06 1.18 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.79 3.55 3.40 6.90 0.18 0.00 1.67 Pakistan : 4.95 10.17 1.62 11.50 0.29 0.03 4.91 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.57 0.02 1.89 2.05 0.01 0.03 0.41 Bangladesh : 0.38 0.07 2.21 2.20 0.00 0.01 0.46 : : 2006/07 (Estimated) : World : 60.15 122.08 37.31 123.24 37.26 -2.17 61.20 United States : 6.05 21.59 0.02 4.95 13.01 0.22 9.48 Total foreign : 54.10 100.49 37.29 118.30 24.25 -2.39 51.72 Major exporters 4/ : 19.98 45.69 2.21 27.32 20.46 -0.19 20.29 Central Asia 5/ : 2.16 8.19 0.31 1.52 6.96 0.00 2.18 Afr. Fr. Zone 6/ : 1.48 3.64 3/ 0.19 3.81 0.00 1.13 S. Hemis. 7/ : 6.75 9.87 0.95 5.71 4.09 -0.20 7.97 Australia : 1.94 1.35 3/ 0.06 2.13 -0.07 1.18 Brazil : 3.82 7.00 0.52 4.50 1.30 -0.15 5.68 India : 8.06 21.80 0.40 18.10 4.63 0.00 7.53 Major importers 8/ : 31.91 51.73 32.39 86.39 2.42 -2.21 29.44 Mexico : 1.32 0.65 1.35 2.10 0.18 0.03 1.03 China : 20.31 35.50 10.59 50.00 0.09 -2.40 18.71 EU-27 9/ : 1.18 1.61 2.02 2.36 1.58 0.06 0.83 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.67 3.90 4.00 7.30 0.21 0.00 2.06 Pakistan : 4.91 9.90 2.30 12.50 0.26 0.03 4.33 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.41 0.02 1.95 1.95 0.00 0.03 0.40 Bangladesh : 0.46 0.07 2.40 2.40 0.00 0.01 0.52 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-457-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2007/08 (Projected) World : March : 61.03 118.89 39.24 124.45 39.02 -3.48 59.16 April : 61.20 119.73 39.09 124.94 38.94 -3.51 59.64 United States : March : 9.48 19.03 0.02 4.60 14.50 0.03 9.40 April : 9.48 19.40 0.02 4.70 14.50 -0.01 9.70 Total foreign : March : 51.56 99.86 39.22 119.85 24.52 -3.50 49.76 April : 51.72 100.33 39.07 120.24 24.44 -3.50 49.94 Major exporters 4/ : March : 20.12 47.29 1.87 27.47 21.23 -0.19 20.78 April : 20.29 47.76 1.80 27.47 21.16 -0.19 21.40 Central Asia 5/Mar : 2.18 8.35 0.30 1.64 6.93 0.00 2.27 Apr : 2.18 8.35 0.30 1.64 6.93 0.00 2.27 Afr. Fr. Zn. 6/Mar : 1.13 2.72 3/ 0.19 2.83 0.00 0.83 Apr : 1.13 2.76 3/ 0.19 2.86 0.00 0.83 S. Hemis 7/ Mar : 7.97 9.20 0.62 5.75 4.13 -0.20 8.12 Apr : 7.97 9.15 0.62 5.75 4.06 -0.20 8.14 Australia Mar : 1.18 0.60 3/ 0.05 1.25 -0.07 0.55 Apr : 1.18 0.60 3/ 0.05 1.20 -0.07 0.60 Brazil Mar : 5.68 7.10 0.25 4.50 2.30 -0.15 6.38 Apr : 5.68 7.10 0.25 4.50 2.30 -0.15 6.38 India Mar : 7.36 24.50 0.40 18.10 6.10 0.00 8.06 Apr : 7.53 25.00 0.33 18.10 6.10 0.00 8.66 Major importers 8/ : March : 29.44 49.61 34.70 87.84 2.09 -3.32 27.15 April : 29.44 49.61 34.64 88.24 2.08 -3.32 26.69 Mexico Mar : 1.03 0.65 1.50 2.00 0.18 0.03 0.98 Apr : 1.03 0.65 1.50 2.00 0.18 0.03 0.98 China Mar : 18.71 35.00 12.50 53.00 0.08 -3.50 16.64 Apr : 18.71 35.00 12.25 53.00 0.08 -3.50 16.39 EU-27 9/ Mar : 0.83 1.59 1.86 2.14 1.33 0.05 0.76 Apr : 0.83 1.59 1.75 2.04 1.33 0.05 0.75 Russia Mar : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Apr : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey Mar : 2.06 3.20 3.60 6.80 0.20 0.00 1.86 Apr : 2.06 3.20 3.60 6.80 0.20 0.00 1.86 Pakistan Mar : 4.33 9.00 3.30 12.00 0.15 0.03 4.45 Apr : 4.33 9.00 3.60 12.50 0.15 0.03 4.25 Indonesia Mar : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Apr : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Thailand Mar : 0.40 0.02 1.80 1.80 0.00 0.03 0.39 Apr : 0.40 0.02 1.80 1.80 0.00 0.03 0.39 Bangladesh Mar : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 Apr : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-457-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2005/06 World 2/ : 47.50 220.54 64.04 185.08 215.25 63.94 52.88 United States : 6.96 83.37 0.09 47.32 52.61 25.58 12.23 Total foreign : 40.54 137.17 63.95 137.76 162.64 38.36 40.66 Major exporters 3/ : 32.91 101.14 0.66 61.39 65.87 35.63 33.21 Argentina : 15.98 40.50 0.58 31.89 33.34 7.25 16.47 Brazil : 16.75 57.00 0.06 28.29 31.17 25.91 16.73 Major importers 4/ : 6.40 18.99 53.04 56.66 72.05 0.42 5.97 China : 4.70 16.35 28.32 34.50 44.54 0.35 4.47 EU-27 : 0.88 1.17 13.94 13.53 14.97 0.05 0.98 Japan : 0.26 0.23 3.96 2.82 4.19 0.00 0.26 Mexico : 0.05 0.19 3.67 3.82 3.86 0.00 0.04 : : 2006/07 (Estimated) World 2/ : 52.88 237.25 68.94 195.36 224.90 70.92 63.26 United States : 12.23 86.77 0.25 49.16 53.20 30.43 15.62 Total foreign : 40.66 150.48 68.69 146.20 171.70 40.49 47.64 Major exporters 3/ : 33.21 114.00 2.05 66.36 70.94 37.02 41.30 Argentina : 16.47 48.80 1.99 33.59 35.09 9.54 22.63 Brazil : 16.73 59.00 0.05 30.72 33.67 23.49 18.63 Major importers 4/ : 5.97 18.54 55.50 58.83 74.42 0.52 5.07 China : 4.47 15.97 28.73 35.48 45.60 0.45 3.12 EU-27 : 0.98 1.24 15.29 14.56 16.00 0.05 1.46 Japan : 0.26 0.23 4.09 2.93 4.31 0.00 0.27 Mexico : 0.04 0.08 3.94 3.99 4.02 0.00 0.04 : : 2007/08 (Projected) World 2/ : March : 63.29 219.85 75.00 205.63 236.03 74.67 47.44 April : 63.26 219.99 75.33 205.32 233.83 75.45 49.31 United States : March : 15.62 70.36 0.16 49.94 54.44 27.90 3.81 April : 15.62 70.36 0.27 50.08 52.64 29.26 4.36 Total foreign : March : 47.67 149.49 74.84 155.69 181.59 46.78 43.63 April : 47.64 149.63 75.06 155.24 181.19 46.19 44.95 Major exporters 3/ : March : 41.34 115.00 2.54 72.53 77.16 43.79 37.93 April : 41.30 115.00 2.54 71.83 76.46 43.10 39.28 Argentina Mar : 22.63 47.00 2.40 38.50 40.04 11.50 20.49 Apr : 22.63 47.00 2.40 38.00 39.54 11.50 20.99 Brazil Mar : 18.67 61.00 0.12 31.70 34.68 27.69 17.43 Apr : 18.63 61.00 0.12 31.50 34.48 27.00 18.27 Major importers 4/ : March : 5.07 16.47 60.73 61.51 77.26 0.35 4.66 April : 5.07 16.47 60.73 61.46 77.21 0.40 4.66 China Mar : 3.12 14.30 34.00 38.10 48.30 0.30 2.82 Apr : 3.12 14.30 34.00 38.05 48.25 0.35 2.82 EU-27 Mar : 1.46 0.84 14.95 14.50 15.94 0.03 1.29 Apr : 1.46 0.84 14.95 14.50 15.94 0.03 1.29 Japan Mar : 0.27 0.23 4.10 2.88 4.28 0.00 0.32 Apr : 0.27 0.23 4.10 2.88 4.28 0.00 0.32 Mexico Mar : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 Apr : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-457-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 6.50 145.63 50.78 145.61 51.43 5.87 United States : 0.16 37.42 0.13 30.11 7.30 0.29 Total foreign : 6.35 108.22 50.65 115.50 44.13 5.58 Major exporters 3/ : 3.88 51.68 0.20 11.53 40.77 3.46 Argentina : 1.42 25.01 0.00 0.57 24.19 1.68 Brazil : 1.58 21.89 0.20 9.30 12.90 1.47 India : 0.88 4.77 0.00 1.66 3.68 0.31 Major importers 4/ : 1.23 39.27 29.45 67.76 1.09 1.10 EU-27 : 0.86 10.64 22.82 32.76 0.70 0.87 China : 0.00 27.30 0.84 27.78 0.36 0.00 : : 2006/07 (Estimated) World 2/ : 5.87 153.66 51.60 151.40 54.09 5.63 United States : 0.29 39.03 0.14 31.17 7.97 0.32 Total foreign : 5.58 114.62 51.46 120.22 46.12 5.32 Major exporters 3/ : 3.46 55.13 0.17 13.65 41.79 3.31 Argentina : 1.68 26.06 0.00 0.60 25.62 1.52 Brazil : 1.47 23.80 0.17 11.11 12.72 1.61 India : 0.31 5.27 0.00 1.95 3.46 0.18 Major importers 4/ : 1.10 40.88 28.46 67.93 1.45 1.07 EU-27 : 0.87 11.45 22.08 32.99 0.55 0.85 China : 0.00 28.09 0.03 27.26 0.87 0.00 : : 2007/08 (Projected) World 2/ : March : 5.63 161.77 56.30 160.22 57.87 5.61 April : 5.63 161.67 56.21 160.26 57.84 5.41 United States : March : 0.32 39.72 0.15 32.02 7.89 0.27 April : 0.32 39.86 0.15 32.02 8.03 0.27 Total foreign : March : 5.32 122.05 56.15 128.20 49.98 5.33 April : 5.32 121.81 56.06 128.24 49.81 5.13 Major exporters 3/ : March : 3.31 60.73 0.22 14.51 46.33 3.41 April : 3.31 60.33 0.22 14.58 46.06 3.21 Argentina Mar : 1.52 29.90 0.00 0.64 29.26 1.52 Apr : 1.52 29.50 0.00 0.64 28.96 1.42 Brazil Mar : 1.61 24.51 0.22 11.74 12.90 1.70 Apr : 1.61 24.51 0.22 11.84 12.90 1.60 India Mar : 0.18 6.32 0.00 2.13 4.17 0.19 Apr : 0.18 6.32 0.00 2.10 4.20 0.19 Major importers 4/ : March : 1.07 42.99 31.55 73.51 1.04 1.06 April : 1.07 42.99 31.45 73.31 1.14 1.06 EU-27 Mar : 0.85 11.41 24.40 35.35 0.45 0.86 Apr : 0.85 11.41 24.40 35.35 0.45 0.86 China Mar : 0.00 30.17 0.50 30.12 0.55 0.00 Apr : 0.00 30.17 0.40 29.92 0.65 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Eastern Europe, China, EU, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-457-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 3.05 34.52 9.03 33.53 9.82 3.24 United States : 0.77 9.25 0.02 8.15 0.52 1.37 Total foreign : 2.27 25.27 9.01 25.39 9.29 1.88 Major exporters 3/ : 1.14 13.85 0.74 6.40 8.33 1.00 Argentina : 0.49 6.00 0.00 0.40 5.60 0.49 Brazil : 0.45 5.43 0.03 3.13 2.47 0.31 EU-27 : 0.20 2.42 0.71 2.87 0.27 0.19 Major importers 4/ : 0.64 7.20 3.26 10.55 0.12 0.43 China : 0.25 6.15 1.52 7.61 0.11 0.20 India : 0.39 1.05 1.73 2.92 0.01 0.23 Pakistan : 0.01 0.00 0.02 0.02 0.00 0.00 : : 2006/07 (Estimated) World 2/ : 3.24 36.25 9.73 35.57 10.67 2.99 United States : 1.37 9.29 0.02 8.50 0.86 1.32 Total foreign : 1.88 26.96 9.71 27.07 9.81 1.67 Major exporters 3/ : 1.00 14.91 0.96 7.31 8.66 0.90 Argentina : 0.49 6.42 0.00 0.57 5.96 0.39 Brazil : 0.31 5.89 0.00 3.43 2.46 0.32 EU-27 : 0.19 2.60 0.96 3.31 0.24 0.20 Major importers 4/ : 0.43 7.53 3.84 11.24 0.10 0.46 China : 0.20 6.34 2.40 8.60 0.09 0.25 India : 0.23 1.18 1.40 2.60 0.01 0.21 Pakistan : 0.00 0.01 0.04 0.04 0.00 0.00 : : 2007/08 (Projected) World 2/ : March : 2.99 38.37 10.52 37.95 11.17 2.76 April : 2.99 38.33 10.74 38.04 11.34 2.67 United States : March : 1.32 9.61 0.02 8.57 1.09 1.29 April : 1.32 9.64 0.02 8.48 1.23 1.27 Total foreign : March : 1.67 28.75 10.50 29.38 10.08 1.47 April : 1.67 28.69 10.72 29.56 10.12 1.40 Major exporters 3/ : March : 0.90 16.06 1.02 8.03 9.06 0.89 April : 0.90 15.94 1.06 7.98 9.10 0.82 Argentina Mar : 0.39 7.38 0.00 1.09 6.30 0.38 Apr : 0.39 7.28 0.00 1.04 6.30 0.33 Brazil Mar : 0.32 6.09 0.10 3.60 2.57 0.33 Apr : 0.32 6.07 0.10 3.60 2.57 0.31 EU-27 Mar : 0.20 2.60 0.92 3.34 0.19 0.18 Apr : 0.20 2.60 0.96 3.35 0.23 0.18 Major importers 4/ : March : 0.46 8.22 4.15 12.47 0.06 0.30 April : 0.46 8.22 4.15 12.47 0.06 0.30 China Mar : 0.25 6.80 3.00 9.79 0.05 0.21 Apr : 0.25 6.80 3.00 9.79 0.05 0.21 India Mar : 0.21 1.42 1.10 2.63 0.01 0.09 Apr : 0.21 1.42 1.10 2.63 0.01 0.09 Pakistan Mar : 0.00 0.01 0.05 0.06 0.00 0.00 Apr : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-457-31 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total: Red : : : and : : : meat : : :poultry: meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ : poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2006 : Annual : 26152 21054 47538 35500 5682 41686 89224 7610 181.8 : 2007 : I : 6237 5396 11722 8625 1413 10153 21874 1869 46.1 II : 6649 5128 11856 9085 1482 10696 22552 1874 47.4 III : 6802 5256 12130 9131 1488 10747 22876 1883 46.1 IV : 6733 6163 12976 9285 1575 10986 23962 1921 46.0 Annual : Mar Est : 26421 21943 48684 36126 5958 42582 91266 7547 185.6 Apr Est : 26421 21943 48683 36126 5958 42582 91265 7547 185.6 : 2008 : I *: 6385 6025 12489 9075 1525 10730 23219 1880 47.6 II *: 6765 5640 12484 9375 1550 11060 23544 1890 48.8 III *: 6945 5720 12743 9250 1530 10910 23653 1905 46.9 IV *: 6485 6150 12717 9200 1560 10890 23607 1935 46.7 Annual : Mar Proj : 26435 23135 49891 37125 6135 43775 93666 7600 190.7 Apr Proj : 26580 23535 50433 36900 6165 43590 94023 7610 190.0 =============================================================================== * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products 1/ =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 2/ : 3/ : 4/ : 5/ : 6/ : 7/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2006 : Annual : 85.41 47.26 64.4 77.0 71.8 12.90 : 2007 : I : 90.61 46.04 75.0 69.7 105.3 15.00 II : 93.45 52.55 80.3 77.9 92.0 18.27 III : 91.36 50.33 79.2 89.9 119.1 21.67 IV : 91.85 39.43 71.1 90.8 141.0 21.60 Annual : Mar Est : 91.82 47.09 76.4 82.1 114.4 19.13 Apr Est : 91.82 47.09 76.4 82.1 114.4 19.13 : 2008 : I : 89.59 39.64 78.1 77.4 158.8 19.30 II *: 89-93 42-44 77-81 82-86 127-133 17.25-17.65 III *: 88-94 41-45 78-84 85-91 106-114 16.60-17.30 IV *: 85-93 36-40 78-84 88-96 110-120 17.45-18.45 Annual : Mar Proj : 88-93 41-44 74-79 79-83 119-126 17.30-17.90 Apr Proj : 88-92 40-42 78-82 83-87 125-132 17.65-18.15 =============================================================================== *Projection. 1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, hens Eastern Region. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. WASDE-457-32 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Disappearance : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ 3/ ============================================================================ : Million pounds 4/ BEEF : 2006 : 571 26256 3085 29912 1145 630 28137 65.8 2007 Est. Mar : 630 26523 3052 30205 1431 630 28145 65.2 Apr : 630 26523 3052 30205 1431 630 28144 65.2 2008 Proj. Mar : 630 26537 3070 30237 1540 600 28097 64.5 Apr : 630 26682 2930 30242 1515 600 28127 64.6 : PORK : 2006 : 494 21074 990 22558 2995 514 19048 49.4 2007 Est. Mar : 514 21962 968 23444 3138 542 19764 50.8 Apr : 514 21962 968 23444 3138 542 19763 50.8 2008 Proj. Mar : 542 23154 925 24621 3685 580 20356 51.8 Apr : 542 23554 925 25021 3735 600 20686 52.6 : TOTAL RED MEAT 5/ : 2006 : 1080 47675 4265 53020 4158 1166 47696 116.7 2007 Est. Mar : 1166 48818 4223 54207 4579 1192 48436 117.5 Apr : 1166 48817 4223 54206 4579 1192 48435 117.5 2008 Proj. Mar : 1192 50025 4195 55412 5234 1197 48981 117.8 Apr : 1192 50567 4055 55814 5259 1222 49333 118.7 : BROILERS : 2006 : 924 35120 47 36090 5205 745 30139 86.5 2007 Est. Mar : 745 35739 61 36545 5772 739 30034 85.4 Apr : 745 35739 61 36545 5772 739 30034 85.4 2008 Proj. Mar : 739 36728 60 37527 6000 680 30847 86.9 Apr : 739 36505 60 37304 6000 675 30629 86.3 : TURKEYS : 2006 : 206 5607 12 5825 547 218 5060 16.9 2007 Est. Mar : 218 5880 9 6107 554 261 5292 17.5 Apr : 218 5880 9 6107 554 261 5292 17.5 2008 Proj. Mar : 261 6055 12 6327 605 275 5447 17.9 Apr : 261 6084 12 6357 605 275 5477 18.0 : TOTAL POULTRY 6/ : 2006 : 1132 41231 61 42425 5911 969 35544 104.6 2007 Est. Mar : 969 42117 74 43159 6490 1002 35667 104.0 Apr : 969 42117 74 43159 6490 1002 35667 104.0 2008 Proj. Mar : 1002 43297 75 44373 6755 961 36657 106.0 Apr : 1002 43114 75 44190 6755 952 36483 105.5 : RED MEAT & POULTRY: 2006 : 2212 88907 4326 95445 10070 2135 83240 221.3 2007 Est. Mar : 2135 90935 4297 97366 11069 2194 84103 221.6 Apr : 2135 90934 4297 97365 11069 2194 84102 221.6 2008 Proj. Mar : 2194 93322 4270 99785 11989 2158 85638 223.8 Apr : 2194 93681 4130 100004 12014 2174 85816 224.2 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-457-33 U.S. Egg Supply and Use =============================================================================== : : : 2007 Estimated : 2008 Projected : : :-----------------:------------------ Commodity : 2005 : 2006 : Mar : Apr : Mar : Apr =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 14.5 16.0 12.5 12.5 11.1 11.1 Production : 7511.0 7610.0 7547.0 7547.0 7600.0 7610.0 Imports : 8.5 8.6 13.7 13.7 14.0 14.0 Total supply : 7534.0 7634.6 7573.2 7573.2 7625.1 7635.1 : Use : Exports : 203.3 202.1 251.0 251.0 230.0 230.0 Hatching use : 999.8 993.9 1015.8 1015.8 1040.0 1018.0 Ending stocks : 16.0 12.5 11.1 11.1 12.0 12.0 Disappearance : Total : 6314.9 6426.1 6295.3 6295.3 6343.1 6375.1 Per capita (number) : 255.7 257.7 250.1 250.1 249.7 250.9 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2007 Estimated : 2008 Projected Commodity : : :-----------------:------------------ : 2005 : 2006 : Mar : Apr : Mar : Apr =============================================================================== : Billion pounds Milk : Production : 176.9 181.8 185.6 185.6 190.7 190.0 Farm use : 1.1 1.1 1.1 1.1 1.1 1.1 : Fat Basis Supply : Beg. commercial stocks : 7.2 8.0 9.5 9.5 10.4 10.4 Marketings : 175.8 180.7 184.5 184.5 189.6 188.8 Imports : 5.0 5.0 4.6 4.6 4.6 4.6 Total cml. supply : 187.9 193.6 198.6 198.6 204.5 203.8 : Fat Basis Use : Ending commercial stks : 8.0 9.5 10.4 10.4 10.5 10.5 CCC net removals 1/ : 0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 179.9 184.1 188.3 188.3 194.0 193.3 : Skim-solids Basis Supply : Beg. commercial stocks : 8.2 9.0 9.1 9.1 9.9 9.9 Marketings : 175.8 180.7 184.5 184.5 189.6 188.8 Imports : 4.8 4.8 4.4 4.4 4.4 4.4 Total cml. supply : 188.8 194.4 198.0 198.0 203.8 203.1 : Skim-solids Basis Use : Ending commercial stks : 9.0 9.1 9.9 9.9 10.2 10.0 CCC net removals 1/ : -1.0 0.7 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.8 184.5 188.1 188.1 193.6 193.1 : : Million pounds CCC product net removals 1: Butter : 0 0 0 0 0 0 Cheese : -2 0 0 0 0 0 Nonfat dry milk : -81 64 0 0 0 0 Dry whole milk : 0 0 0 0 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Includes commercial exports. WASDE-457-34 U.S. Dairy Prices =============================================================================== : : : 2007 Estimated : 2008 Projected : : :------------------------:------------------ Commodity : 2005 : 2006 : Mar : Apr : Mar : Apr =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.4875 1.2470 1.7380 1.7380 1.745- 1.775- : 1.805 1.825 : Butter : 1.5405 1.2193 1.3441 1.3441 1.225- 1.310- : 1.315 1.390 : Nonfat dry milk : 0.9409 0.8928 1.7083 1.7083 1.350- 1.360- : 1.400 1.400 : Dry whey : 0.2782 0.3285 0.6004 0.6004 0.265- 0.275- : 0.295 0.305 : : Dollars per cwt Milk Prices 2/ : Class III : 14.05 11.89 18.04 18.04 16.15- 16.55- : 16.75 17.05 : Class IV : 12.87 11.06 18.36 18.36 14.95- 15.35- : 15.65 15.95 : All milk 3/ : 15.13 12.90 19.13 19.13 17.30- 17.65- : 17.90 18.15 : =============================================================================== 1/ Simple average of monthly prices calculated by AMS from NASS weekly average dairy product prices for class price computations. Details may be found at http://www.ams.usda.gov/dyfmos/mib/fedordprc_dscrp.htm. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. WASDE-457-35 Note: Tables on pages 35-37 present a 26-year record of the differences between the April projection and the final estimate. Using world wheat production as an example, changes between the April projection and the final estimate have averaged 2.0 million tons (0.4%) ranging from -6.8 to 6.5 million tons. The April projection has been below the estimate 15 times and above 11 times. Reliability of April Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 0.4 2.0 -6.8 6.5 15 11 U.S. : 0.1 0.1 -0.2 0.1 11 6 Foreign : 0.4 2.0 -6.8 6.5 15 11 Exports : World : 2.6 3.0 -7.8 4.0 19 7 U.S. : 2.0 0.7 -1.9 2.1 10 16 Foreign : 3.7 3.1 -8.0 5.4 19 7 Domestic use : World : 0.6 3.0 -8.8 7.1 11 15 U.S. : 2.8 0.8 -1.6 2.2 10 16 Foreign : 0.6 2.8 -7.2 6.6 11 15 Ending stocks : World : 2.3 2.9 -8.9 3.9 19 6 U.S. : 5.6 1.0 -4.0 1.2 18 8 Foreign : 2.5 2.4 -8.5 5.0 20 5 : COARSE GRAINS 3/ : Production : World : 0.7 6.3 -14.7 13.3 20 6 U.S. : 0.0 0.1 -0.2 1.3 11 6 Foreign : 1.0 6.3 -14.7 13.3 20 6 Exports : World : 3.2 3.4 -7.2 6.2 17 9 U.S. : 4.6 2.4 -5.2 7.2 14 12 Foreign : 5.0 2.7 -7.5 4.0 19 7 Domestic use : World : 0.7 5.9 -16.2 20.0 11 15 U.S. : 1.8 3.3 -16.8 9.3 10 16 Foreign : 0.8 5.1 -13.1 17.3 15 11 Ending stocks : World : 6.4 8.7 -27.0 14.9 21 5 U.S. : 7.0 3.7 -12.1 8.2 14 12 Foreign : 8.3 6.7 -24.2 10.2 20 6 : RICE, milled : Production : World : 1.1 3.7 -13.3 10.8 20 6 U.S. : 1.0 0.1 -0.2 0.2 10 4 Foreign : 1.1 3.7 -13.3 10.8 20 6 Exports : World : 6.3 1.2 -4.4 1.1 22 4 U.S. : 5.0 0.1 -0.5 0.3 13 10 Foreign : 7.0 1.1 -4.3 1.1 22 4 Domestic use : World : 0.8 2.6 -8.7 5.2 21 5 U.S. : 5.1 0.1 -0.4 0.4 10 15 Foreign : 0.8 2.6 -8.8 4.9 21 5 Ending stocks : World : 5.7 2.7 -13.2 4.3 17 9 U.S. : 15.9 0.2 -0.4 0.4 14 12 Foreign : 6.0 2.8 -12.8 4.2 16 10 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-457-36 Reliability of April Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 1.6 2.1 -4.0 5.9 15 11 U.S. : 0.9 0.5 -1.6 1.8 10 11 Foreign : 2.4 1.8 -4.6 5.4 18 8 Exports : World : 4.0 1.7 -5.6 7.4 15 11 U.S. : 4.1 0.9 -1.6 3.0 18 8 Foreign : 10.8 1.7 -5.3 7.0 13 13 Domestic use : World : 1.5 2.0 -4.4 9.0 16 10 U.S. : 1.8 0.8 -2.3 1.4 18 8 Foreign : 1.7 1.7 -3.5 10.4 14 12 Ending stocks : World : 10.3 2.5 -6.5 10.5 16 10 U.S. : 17.9 1.4 -2.6 4.7 9 17 Foreign : 11.2 2.0 -6.2 7.2 18 8 : COTTON : Million 480-pound bales Production : World : 1.1 1.0 -5.1 0.8 21 4 U.S. : 0.2 0.0 -0.2 0.1 10 9 Foreign : 1.3 1.0 -5.1 0.8 20 5 Exports : World : 2.8 0.8 -2.8 1.1 15 11 U.S. : 3.4 0.3 -1.2 0.6 9 14 Foreign : 3.6 0.7 -3.4 1.2 14 12 Mill use : World : 1.2 1.0 -2.4 1.2 17 9 U.S. : 2.6 0.2 -0.6 0.4 16 6 Foreign : 1.3 1.0 -2.0 1.4 17 9 Ending stocks : World : 5.7 2.1 -8.2 3.3 18 8 U.S. : 8.9 0.4 -1.0 1.6 11 15 Foreign : 6.3 2.1 -8.0 2.7 16 10 =============================================================================== 1/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year. 2/ May not total 26 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-457-37 Reliability of United States April Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 0.0 2 -8 38 1 1 Exports : 4.7 85 -197 209 11 15 Domestic use : 1.8 111 -474 299 11 15 Ending stocks : 8.5 148 -470 358 14 12 : SORGHUM : Production : 0.0 0 0 4 0 2 Exports : 9.8 22 -70 72 17 8 Domestic use : 6.3 28 -158 77 10 15 Ending stocks : 28.3 27 -53 148 13 13 : BARLEY : Production : 0.3 1 -3 11 11 4 Exports : 9.7 5 -10 13 5 18 Domestic use : 3.1 12 -30 64 11 13 Ending stocks : 8.7 14 -52 24 18 8 : OATS : Production : 0.1 0 -2 1 4 3 Exports : 17.7 1 -1 3 5 4 Domestic use : 2.2 8 -26 24 10 15 Ending stocks : 8.3 10 -30 21 15 11 : : Thousand short tons SOYBEAN MEAL : Production : 2.1 706 -2153 617 21 5 Exports : 6.8 476 -1450 941 21 5 Domestic use : 1.6 412 -956 541 19 7 Ending stocks : 31.2 78 -214 208 11 14 : : Million pounds SOYBEAN OIL : Production : 2.2 339 -1058 310 21 5 Exports : 11.7 192 -500 564 15 10 Domestic use : 1.3 177 -562 245 16 9 Ending stocks : 13.8 229 -753 423 18 8 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 2.1 526 -852 1388 18 7 Pork : 2.0 327 -790 983 17 8 Broilers : 1.2 285 -605 584 16 9 Turkeys : 1.9 83 -244 175 14 11 : : Million dozen Eggs : 1.1 70 -120 143 18 7 : : Billion pounds Milk : 1.0 1.6 -4.3 5.2 13 12 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year. 3/ May not total 26 for crops and 25 for animal production if projection was the same as the final estimate. 4/ Calendar years 1982 thru 2006 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ---------- End of File ------------------