ISSN:1554-9089 WASDE-458 May 9, 2008 NOTE: This report presents USDA's initial assessment of U.S. and world crop supply and demand prospects and U.S. prices for the 2008/09 season. Also presented are the first calendar-year 2009 projections of U.S. livestock, poultry, and dairy products. Projections reflect economic analysis, normal weather, trends, and judgment. Because spring planting is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are highly tentative. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat area, yield, and production. For other U.S. crops, the March 31 NASS Prospective Plantings report is used for planted acreage. Methods used to project harvested acreage and yield are noted on each table . WHEAT: The 2008/09 U.S. wheat outlook is for higher production, lower exports, and increased domestic use. Total production is projected at 2.4 billion bushels, up 16 percent from 2007/08. The survey-based forecast of winter wheat production is up 17 percent as area and yield are higher than last year. Spring wheat production is expected higher with seeded area up 10 percent in the March 31 Prospective Plantings report. Durum and other spring wheat production is projected at 614 million bushels, up 12 percent from 2007/08, based on 10-year harvested-to- planted ratios and trend yields. Total wheat supplies are projected up only 4 percent because of historically low carryin. Total wheat use is projected down 5 percent for 2008/09 as lower exports more than offset increased domestic use. Food use is projected at 960 million bushels, up 10 million from the current year reflecting steady growth in domestic demand. Feed and residual use is projected at 230 million bushels, up sharply from the 60 million projected for 2007/08. Larger supplies of soft red winter wheat and higher corn prices boost wheat feeding. Exports are projected at 975 million bushels, down 24 percent from 2007/08. Ending stocks for 2008/09 are projected at 483 million bushels, more than double the current year's projected 239 million. The national average farm price for 2008/09 is projected at $6.60 to $8.10 per bushel, compared with the current year forecast of a record $6.55 per bushel. Wheat prices will be supported by farmer forward sales and early season export demand. Global wheat production for 2008/09 is projected at a record 656 million tons, up 8 percent from 2007/08, and up 5 percent from the previous record in 2004/05. Higher production is projected for most of the world's major exporting countries including Australia, Canada, EU-27, Russia, and Ukraine. Strong world prices and favorable weather in most of EU-27 and FSU-12 raised production for 2008. Production is also projected higher in Brazil, China, and India. Partly offsetting are reductions for Argentina and Kazahkstan. The only significant weather problems for winter wheat remain in drought-stricken Middle East and North Africa countries. World wheat imports, exports, and consumption are projected higher for 2008/09. Imports are generally projected higher throughout the world with EU-27 the major exception. Imports are expected to fall sharply for EU-27 as wheat production rebounds from weather-reduced crops in the 2 previous years. EU-27 exports and wheat feeding are expected to rise sharply. World wheat ending stocks are projected at 124 million tons, up 13 percent from the current year's projection. COARSE GRAINS: The 2008/09 U.S. feed grains outlook is for lower production, strong domestic demand, and lower ending stocks. The 2008/09 corn crop is projected at 12.1 billion bushels, down 7 percent from the record 2007/08 crop. Planted area is from producer intentions reported in Prospective Plantings. Harvested area is based on historical abandonment and derived demand for silage. The yield is projected at 153.9 bushels per acre, 1 bushel per acre below the 1990-2007 trend based on the slower- than-average pace of planting as reported in Crop Progress. The projected yield assumes a mid-May planting progress near the 10-year average and reflective of last year's May planting pace. Corn supplies fall 870 million bushels from the 2007/08 record with a small increase in carryin more than offset by the projected 949-million-bushel reduction in output. Higher year-to-year beginning stocks reflect this month's 100-million-bushel reduction in 2007/08 corn use for ethanol. Total U.S. corn use in 2008/09 is projected down 2 percent as reductions in feed and residual use and exports more than offset a continued expansion in ethanol production. Feed and residual use is projected down 14 percent as corn feeding declines with increased production of distillers grains, higher corn prices, and reduced red meat production. Corn exports are projected down 16 percent as U.S. supplies face increased world competition with increased foreign production and a sharp drop in EU-27 imports. Ethanol use is projected at 4 billion bushels, up 33 percent from 2007/08. The slowing pace of plant construction and expansion, and lower capacity utilization are expected to modestly dampen growth in ethanol corn use. With total corn use expected to exceed production by 635 million bushels, ending stocks are projected down 45 percent. At 763 million bushels, ending stocks would be the lowest since 1995/96. The season-average price is projected at $5.00 to $6.00 per bushel, well above the current year's forecast record of $4.10 to $4.40 per bushel. Global coarse grains production for 2008/09 is projected at 1.1 billion tons, up slightly from the current year record, despite the year-to-year decline in U.S. corn output. Foreign coarse-grain production is expected to increase 4 percent from 2007/08. World coarse grain output reflects year-to-year increases in projected corn production in Argentina, Brazil, China, EU-27, and FSU-12. World coarse grain output is also boosted by a recovery in barley production in Australia, EU-27, and FSU-12. Global coarse grain imports and exports are projected to decline in 2008/09 mostly reflecting lower EU-27 corn and sorghum imports and lower U.S. corn exports. Global coarse grain feeding is projected lower with declines in U.S. corn feeding more than offsetting the increase in foreign corn feeding. World coarse grain ending stocks are projected to fall 6 percent as declines in U.S. corn ending stocks more than offset increases elsewhere. At the projected 99.0 million tons, 2008/09 global corn ending stocks are expected to hit a 25-year low. RICE: U.S. rice production in 2008/09 is projected at 197.0 million cwt, nearly the same as 2007/08. Planted area is estimated at 2.77 million acres as reported in Prospective Plantings, up only 9,000 acres from 2007. Average rice yield is projected at 7,145 pounds per acre, down 40 pounds per acre from 2007, but the second highest on record. Imports for 2008/09 are projected at a record 22.5 million cwt, up nearly 5 percent from revised 2007/08. Beginning stocks in 2008/09 are estimated at 21.6 million cwt, down 45 percent from 2007/08. U.S. domestic and residual use for 2008/09 is projected at a record 126.0 million cwt, 1 percent above 2007/08. Exports are projected at 98.0 million cwt, 14 percent below 2007/08. Tighter supplies and higher prices will constrain exports in the new marketing year. Ending stocks in 2008/09 are projected at 17.1 million cwt, 45 percent below 2007/08, and the lowest stocks since 1980/81 (16.5 million cwt). The stocks-to-use ratio at 7.6 percent is the lowest since 1974/75 (6.3 percent). The season-average range for 2008/09 is projected at a record $18.50 to $19.50 per cwt, compared to a revised $12.85 to $13.15 per cwt for 2007/08. Tighter domestic supplies along with expected high global prices will support prices during the year. Global 2008/09 rice production is projected at a record 432 million tons, up 5 million from 2007/08. World disappearance (consumption and residual) is projected at a record 428 million tons, up 3.6 million tons. Large crops are projected for most of Asia assuming normal weather. Burma's 2008/09 rice crop is projected at 10 million tons, 7 percent below revised 2007/08. Cyclone Nargis made landfall in Burma on May 2 hitting the major Irrawaddy rice growing region, which accounts for an estimated one third of annual rice production. The storm likely damaged recently harvested rice (dry season crop), although much of the crop was probably already harvested. The conditions are delaying planting of the main rainy season crop in this important rice growing region. Burmese farmers were completing the dry season harvest and in the early stages of planting the main season crop (normally harvested in December/January) when the storm hit. Seed availability for planting the rainy season crop may have been affected. Also, salt intrusion into the rice paddies may lower yield potential and prevent plantings in some areas altogether. Information on the storm's impact is limited, therefore, USDA's supply and use projections for Burma are very tentative. USDA is monitoring the situation and will reassess prior to the June 10 WASDE report. Global exports for 2008/09 are expected to be about the same as 2007/08 at about 27 million tons, but down 3.4 million from 2006/07. India's 2008/09 exports are projected at 2.0 million tons, down 0.5 million from revised 2007/08, and down 4.0 million tons from revised 2006/07. It is assumed that India will maintain export restrictions on non- basmati rice through most of the 2008/09 marketing year. Global ending stocks are expected to increase 5 percent from 2007/08 to 82 million tons the largest stocks since 2002/03. The stocks-to-use ratio at 19.3 percent is up from last year's 18.5 percent and is the highest since 2003/04. OILSEEDS: U.S. oilseed production for 2008/09 is projected at 93.0 million tons, up 16 percent from 2007/08. Higher soybean production accounts for most of the increase. Peanut production is also projected higher, while production of sunflowerseed, canola, and cottonseed are each projected to decline from 2007/08 levels. Soybean production is projected at 3.1 billion bushels, up 520 million bushels from 2007/08. Soybean supplies are projected at 3.3 billion bushels, up just 3 percent from 2007/08 despite higher planted area. Most of the production gains are offset by sharply lower beginning stocks. Soybean crush is projected to increase less than 1 percent to 1.85 billion bushels, reflecting a small increase in domestic soybean meal use and a projected decline in soybean meal exports. Domestic consumption of soybean oil is projected to increase only slightly as higher biodiesel use of soybean oil is mostly offset by a continued decline in food use. Biodiesel production is projected to use 15 percent of total soybean oil production for 2008/09 compared with 14 percent in 2007/08. Soybean exports are projected at 1.05 billion bushels, down 40 million from 2007/08. Ending stocks for 2008/09 are projected at 185 million bushels, up 40 million from 2007/08, leaving the stocks-to-use ratio at a relatively low 6 percent. The U.S. season-average soybean price for 2008/09 is projected at $10.50 to $12.00 per bushel, compared with $10.00 per bushel in 2007/08. Prices are expected to remain firm due to relatively strong corn and soybean oil prices. Soybean meal prices are forecast at $280 to $340 per short ton, compared with $315 per ton for 2007/08. Soybean oil prices are projected at 50 to 54 cents per pound compared with 52 cents per pound for 2007/08. Global oilseed production for 2008/09 is projected at 423 million tons, up 32.2 million tons from 2007/08. Oilseed production is projected to recover from the first year-to-year decline in global oilseed production since 1995/96. U.S. oilseed production gains account for 40 percent of the global increase. Total foreign supplies are projected to increase by 4 percent from 2007/08. Global oilseed ending stocks for 2007/08 are projected at 56.7 million tons, down 0.5 million tons from last month. Most of the decrease is due to lower projected soybean stocks in the United States resulting from a 15-million bushel increase in projected exports. Soybean stocks for Brazil and Argentina are projected at a combined 39.8 million tons, down 1.5 million from 2006/07. SUGAR: Projected U.S. sugar supply for fiscal year 2008/09 of 12.1 million short tons, raw value, is down 321,000 tons from 2007/08, mainly due to lower production and beginning stocks. Lower beet sugar production, due to reduced area, more than offsets higher cane sugar production from improved yields. Imports under the sugar tariff rate quota (TRQ) are put at 1.27 million short tons to reflect the minimum of U.S. commitments to import raw and refined sugar. The TRQ shortfall is 100,000 tons. The Secretary of Agriculture will establish the actual level of the TRQ at a later date. Projected total use of 10.8 million tons is up 100,000 tons. Year-ending stocks are 1.34 million tons. LIVESTOCK, POULTRY, AND DAIRY: Note: Broiler stock data has been adjusted to remove chicken paws starting in third quarter 2003. Dairy supply and use estimates now breakout commercial exports. Commercial use excludes exports. See http://www.usda.gov/oce/commodity/wasde/revisions/historical.htm for details. Total U.S. meat production in 2009 is projected to decline about 1 percent. Beef production in 2009 declines on tighter supplies of cattle. Cow inventories declined in 2007 and with relatively high cow slaughter expected in 2008, cattle inventories will be smaller and result in fewer cattle marketings during 2009. Marketable supplies of cattle may be further reduced if producers begin retaining calves from this year's calf crop for addition to the breeding herd to rebuild herds. Pork production is expected to decline as producers reduce sows farrowing later this year and into next year in response to poor returns. Additionally, hog imports are expected to be lower as Canadian producers reduce inventories. Broiler production in 2009 will be slightly higher as production declines in late 2008 and early 2009 due to high feed costs, but then rebounds later in the year. Turkey production is forecast slightly lower, reversing several years of strong expansion. Egg production is forecast about unchanged in 2009, although output is expected to decline during the first half of the year. The total meat production forecast for 2008 is raised as higher expected beef production more than offsets lower pork and broiler forecasts. Beef production is raised to reflect higher expected cattle slaughter during the second quarter. Pork production is reduced due to lower slaughter in the second half of the year. Expected imports of hogs from Canada are reduced from last month, primarily in response to reduced inventories in Canada. Broiler production forecasts are lowered for the year as hatchery data continue to point toward slower production in the second half of the year. Total meat exports are forecast to increase in 2008 and 2009. The recently announced agreement to re-open South Korea to imports of U.S. beef is expected to support increased exports beginning in mid-2008 and expanding through 2009. Pork exports for 2008 are raised as markets in Asia increase sharply. But pork exports are forecast to decline in 2009, especially if China's domestic pork supply situation improves. Broilers and turkeys continue to increase. The 2008 beef import forecast is lowered as high U.S. cow slaughter reduces demand for imported processing beef, but imports in 2009 are expected to increase as cow slaughter declines and competing exporter supplies are displaced in South Korea. Pork imports are expected to continue to decline gradually. In 2009, livestock and poultry prices are generally forecast higher due to lower meat supplies. Cattle prices are forecast about the same as 2008. Hog prices are forecast higher due to tighter supplies and continued strength in domestic demand and relative strong exports. Broiler prices will increase, reflecting tighter supplies in the first part of 2009. Turkey and egg prices are forecast to decline from record 2008 levels. Most livestock and poultry prices for 2008 are raised from last month due to stronger exports and, in the case of hogs and broilers, tighter supplies. Milk production is forecast to increase fractionally in 2009 reflecting lower cow numbers and minimal gains in milk per cow. Although producers continue to add cows in 2008, poor returns are expected to end the expansionary phase of dairy cow inventories. Commercial exports are forecast to remain relatively robust by historical standards but will likely be lower in 2009 as production in competing supplier countries recovers and tighter U.S. production increases competition between domestic and export uses. Domestic disappearance of fat and skim solids is expected to increase modestly, tightening commercial stocks and supporting higher butter, nonfat dry milk (NDM), and whey prices in 2009. Cheese prices are forecast slightly lower as favorable cheese prices early in the year may encourage increased supplies of milk to flow into cheese vats. With a firmer whey price, the Class III price is forecast to rise from 2008, but will average below its 2007 record. Likewise, strong butter and NDM prices are expected to result in a stronger Class IV price. The all milk price is forecast at $17.90 to $18.90 per cwt in 2009. Forecast milk production in 2008 is lowered slightly from last month. Milk per cow in the first quarter was weaker than expected. Price forecasts for most products are raised sharply from last month as demand for all products remains strong. Fat basis exports are robust although exports on a skims solids basis are forecast weaker than last year, NDM exports are helping support prices. Class III and Class IV prices are raised and the all milk price is forecast to average $17.95 to $18.45 per cwt. COTTON: The 2008/09 U.S. cotton projections include sharply lower production and ending stocks compared with 2007/08. Production is projected at 14.5 million bales, down 25 percent from 2007/08, based on planted area in the Prospective Plantings, combined with historical average abandonment and yields. Domestic mill use also is reduced 300,000 bales from 2007/08 to 4.3 million bales, but exports are raised slightly to 14.5 million. Ending stocks are projected at 5.6 million bales, a 43 percent reduction from the beginning level and 30 percent of total use. A combination of slightly lower production and slightly higher consumption is expected to reduce world stocks in 2008/09. World production is forecast at 118 million bales, 2 percent below the current season, as higher foreign production partially offsets a reduction in the United States. World consumption is projected at 127 million bales, a growth rate of 2 percent, reflecting a slight recovery from 2007/08, but well below the recent 5-year average growth. For China, slightly lower planted area and slightly higher yields result in production of 35.5 million bales, marginally below the revised 2007/08 level. Strong but decelerating growth in China's consumption results in higher imports and lower ending stocks; higher trade by China also supports an increase in world trade. World ending stocks are projected to fall nearly 10 percent to about 55.5 million bales. For 2007/08, a slight decrease in U.S. production relative to last month reflects USDA's final production estimate. Domestic mill use and exports are both reduced based on recent activity, raising ending stocks to 9.9 million bales. The 2007/08 world beginning stocks and production are raised from last month, due mainly to revisions in the China balance sheet beginning in 2000/01. China's production is revised beginning in 2002/03 based on sources in China who have revised estimates for Xinjiang using rail shipment data (see http://www.fas.usda.gov/psdonline/circulars/cotton.pdf for detailed estimates). Production is also raised for India and Brazil, but is lowered for Zimbabwe. World consumption is reduced about 500,000 bales due to decreases for Turkey, Russia, the United States and others. A reduction of nearly 700,000 bales in world imports reflects decreases for China, Turkey, Russia, and others. World 2007/08 ending stocks are raised 1.9 million bales, with the largest increases in China, the United States, and India. 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 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-458-8 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/ : 2006/07 : 1,995.21 2,383.41 258.34 2,048.71 334.69 2007/08 (Est.) : 2,100.60 2,435.29 262.27 2,111.80 323.50 2008/09 (Proj.) : May : 2,158.69 2,482.19 263.80 2,148.38 333.80 Wheat : 2006/07 : 592.00 739.50 110.69 615.45 124.05 2007/08 (Est.) : 606.40 730.45 109.56 620.43 110.02 2008/09 (Proj.) : May : 656.01 766.04 117.46 642.04 123.99 Coarse grains 4/ : 2006/07 : 982.62 1,147.62 116.83 1,012.82 134.81 2007/08 (Est.) : 1,067.13 1,201.94 125.67 1,066.97 134.96 2008/09 (Proj.) : May : 1,070.64 1,205.60 119.33 1,078.37 127.23 Rice, milled : 2006/07 : 420.60 496.28 30.82 420.45 75.84 2007/08 (Est.) : 427.07 502.90 27.05 424.40 78.51 2008/09 (Proj.) : May : 432.04 510.55 27.01 427.97 82.58 : : United States Total grains 3/ : 2006/07 : 335.67 413.87 86.12 277.90 49.85 2007/08 (Est.) : 413.62 469.74 110.07 314.07 45.59 2008/09 (Proj.) : May : 396.56 448.34 87.67 323.77 36.90 Wheat : 2006/07 : 49.32 68.18 24.73 31.04 12.41 2007/08 (Est.) : 56.25 71.25 34.84 29.89 6.52 2008/09 (Proj.) : May : 65.10 74.34 26.54 34.67 13.13 Coarse grains 4/ : 2006/07 : 280.11 337.43 58.45 242.81 36.17 2007/08 (Est.) : 351.06 390.23 71.65 280.19 38.38 2008/09 (Proj.) : May : 325.16 366.29 58.00 285.07 23.22 Rice, milled : 2006/07 : 6.24 8.26 2.94 4.05 1.27 2007/08 (Est.) : 6.31 8.26 3.58 3.99 0.69 2008/09 (Proj.) : May : 6.30 7.71 3.13 4.02 0.55 =============================================================================== 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-458-9 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/ : 2006/07 : 1,659.54 1,969.54 172.23 1,770.81 284.84 2007/08 (Est.) : 1,686.97 1,965.56 152.20 1,797.72 277.90 2008/09 (Proj.) : May : 1,762.13 2,033.85 176.14 1,824.61 296.90 Wheat : 2006/07 : 542.68 671.32 85.96 584.41 111.64 2007/08 (Est.) : 550.15 659.21 74.73 590.54 103.50 2008/09 (Proj.) : May : 590.91 691.70 90.93 607.37 110.86 Coarse grains 5/ : 2006/07 : 702.51 810.19 58.39 770.00 98.63 2007/08 (Est.) : 716.07 811.71 54.02 786.78 96.58 2008/09 (Proj.) : May : 745.48 839.31 61.33 793.29 104.01 Rice, milled : 2006/07 : 414.36 488.02 27.88 416.40 74.57 2007/08 (Est.) : 420.75 494.64 23.46 420.41 77.82 2008/09 (Proj.) : May : 425.75 502.85 23.88 423.95 82.03 =============================================================================== 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 2006/07 : 122.08 184.46 37.26 123.22 63.01 2007/08 (Est.) : 120.47 183.47 38.40 124.43 61.55 2008/09 (Proj.) : May : 118.00 179.55 41.00 127.00 55.55 : United States 2006/07 : 21.59 27.68 13.01 4.94 9.48 2007/08 (Est.) : 19.21 28.70 14.20 4.60 9.90 2008/09 (Proj.) : May : 14.50 24.42 14.50 4.30 5.60 : Foreign 3/ 2006/07 : 100.49 156.78 24.25 118.28 53.53 2007/08 (Est.) : 101.26 154.77 24.20 119.83 51.65 2008/09 (Proj.) : May : 103.50 155.14 26.50 122.70 49.95 =============================================================================== 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-458-10 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 : 2006/07 : 408.14 472.36 83.15 331.23 73.03 2007/08 (Est.) : 390.80 463.83 88.50 341.70 56.73 2008/09 (Proj.) : May : 423.00 479.73 Oilmeals : 2006/07 : 225.81 233.58 68.27 223.36 7.00 2007/08 (Est.) : 233.82 240.82 72.72 231.13 6.63 2008/09 (Proj.) : May : Vegetable Oils : 2006/07 : 122.27 132.63 48.43 121.47 9.44 2007/08 (Est.) : 128.52 137.96 51.24 126.72 9.31 2008/09 (Proj.) : May : : : United States Oilseeds : 2006/07 : 96.61 111.84 31.68 53.45 17.02 2007/08 (Est.) : 80.00 98.14 31.12 54.53 4.99 2008/09 (Proj.) : May : 93.04 99.27 29.74 54.68 6.05 Oilmeals : 2006/07 : 41.54 43.60 8.25 34.96 0.39 2007/08 (Est.) : 42.22 44.48 8.42 35.73 0.33 2008/09 (Proj.) : May : 42.35 44.58 8.29 35.96 0.33 Vegetable Oils : 2006/07 : 10.44 14.79 1.31 11.82 1.66 2007/08 (Est.) : 10.76 15.23 1.60 12.02 1.61 2008/09 (Proj.) : May : 10.69 15.34 1.48 12.31 1.55 : : Foreign 3/ Oilseeds : 2006/07 : 311.53 360.52 51.46 277.78 56.00 2007/08 (Est.) : 310.80 365.69 57.38 287.17 51.74 2008/09 (Proj.) : May : 329.96 380.46 Oilmeals : 2006/07 : 184.27 189.98 60.02 188.40 6.61 2007/08 (Est.) : 191.60 196.34 64.30 195.40 6.30 2008/09 (Proj.) : May : Vegetable Oils : 2006/07 : 111.82 117.85 47.12 109.65 7.78 2007/08 (Est.) : 117.76 122.73 49.64 114.70 7.70 2008/09 (Proj.) : May : =============================================================================== 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-458-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May =============================================================================== Area : Million acres Planted : 57.3 60.4 63.8 * Harvested : 46.8 51.0 56.3 * Yield per harvested : Bushels acre : 38.7 40.5 42.5 * : Million bushels Beginning stocks : 571 456 239 Production : 1,812 2,067 2,392 Imports : 122 95 100 Supply, total : 2,505 2,618 2,732 Food : 938 950 960 Seed : 81 88 84 Feed and residual : 121 60 230 Domestic, total : 1,140 1,098 1,274 Exports : 909 1,280 975 Use, total : 2,049 2,378 2,249 Ending stocks : 456 239 483 CCC inventory : 41 24 Free stocks : 415 215 Outstanding loans : 14 1 Avg. farm price ($/bu) 2/ : 4.26 6.55 6.60- 8.10 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum :Total =============================================================================== 2007/08 (estimated) : Million bushels Beginning stocks : 165 117 109 44 22 456 Production : 962 449 358 227 72 2,067 Supply, total 3/ : 1,127 608 477 278 128 2,618 Domestic use : 491 234 211 86 76 1,098 Exports : 540 310 225 165 40 1,280 Use, total : 1,031 544 436 251 116 2,378 Ending stocks May : 96 64 41 26 12 239 Apr : 101 58 42 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. * Planted acres reported in the March 31, 2008, "Prospective Plantings." Harvested acres and yield for other spring wheat and durum are projected using 10-year harvested-to-planted ratios by state and projected yield derived from 1985-2007 trend yields by state (except Idaho durum). Winter wheat harvested acreage and yield reported in the May 9, 2008, "Crop Production." ****************************************************************************** * * * * * Wheat-by-class projections for 2008/09 will first be published * * in the July 11, 2008, WASDE. * * * * * ****************************************************************************** WASDE-458-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May =============================================================================== FEED GRAINS : Area : Million acres Planted : 92.5 109.1 101.0 * Harvested : 80.1 98.4 90.1 * Yield per harvested : Metric tons acre : 3.50 3.57 3.61 : Million metric tons Beginning stocks : 54.7 36.2 38.4 Production : 279.9 350.9 325.0 Imports : 2.4 2.9 2.6 Supply, total : 337.1 389.9 365.9 Feed and residual : 148.3 164.0 142.8 Food, seed & industrial : 94.2 115.9 141.9 Domestic, total : 242.5 279.9 284.7 Exports : 58.4 71.6 58.0 Use, total : 300.9 351.5 342.7 Ending stocks, total : 36.2 38.4 23.2 CCC inventory : 0.0 0.0 Free stocks : 36.2 38.4 Outstanding loans : 3.0 4.1 : CORN : Area : Million acres Planted : 78.3 93.6 86.0 * Harvested : 70.6 86.5 78.8 * Yield per harvested : Bushels acre : 149.1 151.1 153.9 * : Million bushels Beginning stocks : 1,967 1,304 1,383 Production : 10,535 13,074 12,125 Imports : 12 15 15 Supply, total : 12,514 14,393 13,523 Feed and residual : 5,598 6,150 5,300 Food, seed & industrial : 3,488 4,360 5,360 Ethanol for fuel 2/ : 2,117 3,000 4,000 Domestic, total : 9,086 10,510 10,660 Exports : 2,125 2,500 2,100 Use, total : 11,210 13,010 12,760 Ending stocks, total : 1,304 1,383 763 CCC inventory : 0 0 Free stocks : 1,304 1,383 Outstanding loans : 116 160 Avg. farm price ($/bu) 3/ : 3.04 4.10- 4.40 5.00- 6.00 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of food, seed, & industrial corn use including ethanol, see the ERS Feed Outlook table 5 or Feed Grains Database at "www.ers.usda.gov/db/feedgrains". 3/ Marketing-year weighted average price received by farmers. * Planted acres reported in the March 31, 2008, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and derived demand for silage. Projected corn yield based on the simple linear trend of the national average yield for 1990-2007 adjusted for 2008 planting progress. WASDE-458-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 7.7 7.4 * Area harv. (mil. acres) : 4.9 6.8 6.3 * Yield (bushels/acre) : 56.2 74.2 65.9 * Beginning stocks : 66 32 52 Production : 278 505 415 Imports : 0 0 0 Supply, total : 343 537 467 Feed and residual : 109 165 190 Food, seed & industrial : 45 35 60 Total domestic : 154 200 250 Exports : 157 285 160 Use, total : 311 485 410 Ending stocks, total : 32 52 57 Avg. farm price ($/bu) 2/ : 3.29 3.95- 4.25 4.70- 5.70 : BARLEY : Area planted (mil. acres) : 3.5 4.0 4.1 * Area harv. (mil. acres) : 3.0 3.5 3.6 * Yield (bushels/acre) : 61.1 60.4 65.5 * Beginning stocks : 108 69 59 Production : 180 212 235 Imports : 12 23 20 Supply, total : 300 304 314 Feed and residual : 56 60 65 Food, seed & industrial : 156 145 145 Total domestic : 211 205 210 Exports : 20 40 25 Use, total : 231 245 235 Ending stocks, total : 69 59 79 Avg. farm price ($/bu) 2/ : 2.85 4.00 5.70- 6.70 : OATS : Area planted (mil. acres) : 4.2 3.8 3.4 * Area harv. (mil. acres) : 1.6 1.5 1.4 * Yield (bushels/acre) : 59.8 60.9 64.0 * Beginning stocks : 53 51 45 Production : 94 92 90 Imports : 106 115 105 Supply, total : 252 257 240 Feed and residual : 125 135 115 Food, seed & industrial : 74 75 75 Total domestic : 199 210 190 Exports : 3 3 3 Use, total : 202 212 193 Ending stocks, total : 51 45 47 Avg. farm price ($/bu) 2/ : 1.87 2.60 3.50- 4.50 =============================================================================== 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. * Planted acres reported in the March 31, 2008, "Prospective Plantings." Harvested area - For sorghum, barley, and oats harvested acres is the 4-year average harvested-to-planted ratio, 2004-2007. Yield - For sorghum the projected yield is derived from the 10-year average yield (1998-2007, excluding 2002 and 2003) adjusted for rounding in production. For barley and oats the projected yield is derived from the 1960-2007 trend yield adjusted for rounding in production. WASDE-458-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May =============================================================================== TOTAL : Area : Million acres Planted : 2.84 2.76 2.77 * Harvested : 2.82 2.75 2.76 * Yield per harvested : Pounds acre : 6,868 7,185 7,145 * : : Million hundredweight : Beginning stocks 2/ : 43.0 39.3 21.6 Production : 193.7 197.5 197.0 Imports : 20.6 21.5 22.5 Supply, total : 257.3 258.3 241.1 Domestic & residual 3/ : 126.6 124.7 126.0 Exports, total 4/ : 91.4 112.0 98.0 Rough : 32.1 36.5 34.0 Milled (rough equiv.) : 59.3 75.5 64.0 Use, total : 218.0 236.7 224.0 Ending stocks : 39.3 21.6 17.1 Avg. milling yield (%) 5/ : 71.0 70.5 70.5 Avg. farm price ($/cwt) 6/ : 9.9612.85-13.15 18.50-19.50 : LONG GRAIN : Harvested acres (mil.) : 2.19 2.05 Yield (pounds/acre) : 6,689 6,929 Beginning stocks : 32.7 28.5 11.7 Production : 146.2 142.2 142.0 Supply, total 7/ : 193.1 185.7 169.7 Domestic & Residual 3/ : 91.9 89.0 88.0 Exports 8/ : 72.7 85.0 72.0 Use, total : 164.6 174.0 160.0 Ending stocks : 28.5 11.7 9.7 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.64 0.70 Yield (pounds/acre) : 7,484 7,942 Beginning stocks : 9.4 10.0 9.1 Production : 47.5 55.3 55.0 Supply, total 7/ : 63.4 71.8 70.6 Domestic & Residual 3/ : 34.7 35.7 38.0 Exports 8/ : 18.7 27.0 26.0 Use, total : 53.4 62.7 64.0 Ending stocks : 10.0 9.1 6.6 =============================================================================== 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): 2006/07-0.9; 2007/08-0.8; 2008/09-0.8. 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. * Planted acres reported in March 31, 2008, "Prospective Plantings." Harvested acres are estimated using the average harvested-to-planted ratios by State and rice class, 2005-2007. Projected yield is derived from the trend yields by rice class for the period, 1990-2007. WASDE-458-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : May =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.5 63.6 74.8 * Harvested : 74.6 62.8 73.8 * : : Bushels Yield per harvested : acre : 42.7 41.2 42.1 * : : Million bushels : Beginning stocks : 449 574 145 Production : 3,188 2,585 3,105 Imports : 9 10 8 Supply, total : 3,647 3,169 3,258 Crushings : 1,806 1,840 1,850 Exports : 1,118 1,090 1,050 Seed : 78 92 90 Residual : 70 2 3/ 82 Use, total : 3,073 3,024 3,073 Ending stocks : 574 145 185 Avg. farm price ($/bu) 2/ : 6.43 10.00 10.50 -12.00 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,010 2,904 2,792 Production : 20,487 21,250 21,090 Imports : 37 37 47 Supply, total : 23,535 24,192 23,929 Domestic : 18,743 18,550 18,600 For methyl ester : 2,796 2,950 3,200 Exports : 1,888 2,850 2,650 Use, total : 20,630 21,400 21,250 Ending stocks : 2,904 2,792 2,679 Average price (c/lb) 2/ : 31.02 52.00 50.00- : 54.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 314 351 300 Production : 43,027 43,834 43,985 Imports : 156 165 165 Supply, total : 43,497 44,350 44,450 Domestic : 34,360 35,100 35,350 Exports : 8,786 8,950 8,800 Use, total : 43,146 44,050 44,150 Ending stocks : 351 300 300 Average price ($/s.t.) 2/ : 205.44 315.00 280.00- : 340.00 =============================================================================== 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 March 1, coupled with USDA's March 1 stocks estimate, indicate a below-average residual. *Planted acres are reported in the March 31 Prospective Plantings report. Harvested acres based on 5-year average planted to harvested ratios by state. Projected yield based on 1989-2007 regional trend analysis. WASDE-458-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : 2007/08 Estimates : 2008/09 Item : 2006/07 :====================:============ : : April May : Projection ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,698 1,799 1,799 1,757 Production 2/ : 8,446 8,410 8,392 8,115 Beet sugar : 5,008 4,809 4,810 4,400 Cane sugar : 3,438 3,601 3,582 3,715 Florida : 1,719 1,710 1,691 1,865 Hawaii : 222 238 238 240 Louisiana : 1,320 1,490 1,490 1,410 Texas : 177 163 163 200 Imports : 2,080 2,241 2,251 2,249 TRQ 3/ : 1,624 1,336 1,251 1,274 Other program 4/ : 390 425 425 425 Other 5/ : 66 480 575 550 Mexico : 60 475 575 550 Total supply : 12,224 12,450 12,442 12,121 : Exports : 422 250 250 250 Deliveries : 10,135 10,250 10,435 10,535 Food : 9,913 10,050 10,225 10,325 Other 6/ : 222 200 210 210 Miscellaneous 7/ : -132 0 0 0 Total use : 10,425 10,500 10,685 10,785 Ending stocks : 1,799 1,950 1,757 1,336 : Stocks to use ratio : 17.3 18.6 16.4 12.4 ====================================================================== 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 2008/09 are based on March 31 Prospective Plantings and trend yields. 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 2008/09, includes only U.S. commitments under current trade agreements, minus shortfall of 100,000 tons. The Secretary will establish the actual level of the TRQ at a later date. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2006/07, other high-tier (0) and other (6). For 2007/08, other high-tier (0) and other (0). For 2008/09, other high-tier (0) 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-458-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : May =============================================================================== : Million acres Area : Planted : 15.27 10.83 9.39 * Harvested : 12.73 10.49 8.39 * : : Pounds Yield per harvested : acre : 814 879 830 * : : Million 480 pound bales : Beginning stocks 2/ : 6.07 9.48 9.90 Production : 21.59 19.21 14.50 Imports : 0.02 0.02 0.02 Supply, total : 27.68 28.70 24.42 Domestic use : 4.94 4.60 4.30 Exports : 13.01 14.20 14.50 Use, total : 17.95 18.80 18.80 Unaccounted 3/ : 0.25 0.00 0.02 Ending stocks : 9.48 9.90 5.60 : Avg. farm price 4/ : 46.5 56.4 5/ =============================================================================== 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. The 2007/08 price is a weighted average for August-March. 5/ USDA is prohibited by law from publishing cotton price projections. * Planted area is reported in March 31 "Prospective Plantings." Projected harvested area based on 1998-2007 U.S. average abandonment. Projected yield per harvested acre based on 2005-2007 average yields by State. Note: 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 54.6 percent. WASDE-458-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 147.50 592.00 112.33 105.76 615.45 110.69 124.05 United States : 15.55 49.32 3.32 3.29 31.04 24.73 12.41 Total foreign : 131.96 542.68 109.01 102.47 584.41 85.96 111.64 Major exporters 4/ : 43.15 175.89 5.56 69.31 146.54 52.74 25.32 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/ : 23.39 124.78 5.14 60.20 125.50 13.87 13.94 Major importers 6/ : 60.11 170.70 55.01 7.70 219.78 5.21 60.82 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 20.12 10.52 1.55 30.31 0.55 6.59 N. Africa 8/ : 10.51 18.53 16.30 0.25 33.90 0.26 11.18 Pakistan : 2.96 21.28 0.06 0.40 21.90 0.20 2.20 Southeast Asia 9/ : 2.20 0.00 10.65 0.90 9.98 0.42 2.46 Selected other : India : 2.00 69.35 6.71 0.30 73.36 0.20 4.50 FSU-12 : 12.72 84.98 5.93 21.65 72.64 22.35 8.65 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 : : 2007/08 (Estimated) : World 3/ : 124.05 606.40 107.31 98.04 620.43 109.56 110.02 United States : 12.41 56.25 2.59 1.63 29.89 34.84 6.52 Total foreign : 111.64 550.15 104.73 96.41 590.54 74.73 103.50 Major exporters 4/ : 25.32 168.13 6.86 60.25 139.09 41.00 20.21 Argentina : 0.31 15.50 0.01 0.08 5.43 10.00 0.38 Australia : 4.22 13.10 0.08 3.50 6.20 7.50 3.70 Canada : 6.85 20.05 0.28 3.00 8.50 14.50 4.17 EU-27 5/ : 13.94 119.48 6.50 53.67 118.97 9.00 11.95 Major importers 6/ : 60.82 171.69 55.95 8.87 222.22 7.86 58.37 Brazil : 0.78 3.83 7.00 0.20 10.50 0.75 0.35 China : 35.96 106.00 0.20 6.00 102.50 2.70 36.96 Select. Mideast 7/ : 6.59 20.30 9.15 1.00 29.30 0.55 6.19 N. Africa 8/ : 11.18 13.82 18.80 0.15 34.93 0.16 8.72 Pakistan : 2.20 23.30 1.70 0.40 22.40 2.20 2.60 Southeast Asia 9/ : 2.46 0.00 10.00 0.82 10.25 0.53 1.68 Selected other : India : 4.50 75.81 2.00 0.20 75.85 0.05 6.41 FSU-12 : 8.65 92.69 5.63 23.98 75.87 21.35 9.75 Russia : 2.38 49.40 1.00 15.40 38.20 12.00 2.58 Kazakhstan : 1.04 16.60 0.03 2.70 7.50 8.50 1.67 Ukraine : 1.43 13.90 0.35 3.10 12.75 0.70 2.23 =============================================================================== 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-458-19 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: =============================================================================== : : 2008/09 (Projected) World 3/ : May : 110.02 656.01 114.59 113.11 642.04 117.46 123.99 United States : May : 6.52 65.10 2.72 6.26 34.67 26.54 13.13 Total foreign : May : 103.50 590.91 111.86 106.85 607.37 90.93 110.86 Major exporters 4/ : May : 20.21 204.00 5.38 69.08 148.38 56.50 24.71 Argentina May : 0.38 15.00 0.01 0.08 5.48 9.50 0.41 Australia May : 3.70 24.00 0.08 3.50 6.20 15.00 6.57 Canada May : 4.17 25.00 0.30 2.50 7.70 17.00 4.77 EU-27 5/ May : 11.95 140.00 5.00 63.00 129.00 15.00 12.95 Major importers 6/ : May : 58.37 171.06 62.43 9.75 225.17 6.21 60.48 Brazil May : 0.35 4.50 7.30 0.20 10.55 0.80 0.80 China May : 36.96 109.00 0.03 7.00 104.00 2.00 39.99 Sel. Mideast 7/May : 6.19 15.92 12.85 1.20 29.80 0.55 4.62 N. Africa 8/ May : 8.72 15.76 20.30 0.20 35.43 0.21 9.14 Pakistan May : 2.60 21.50 2.00 0.40 22.90 1.00 2.20 SE Asia 9/ May : 1.68 0.00 10.75 0.50 10.10 0.53 1.81 Selected other : India May : 6.41 76.78 0.10 0.20 78.10 0.05 5.14 FSU-12 May : 9.75 99.34 6.03 24.80 77.35 24.94 12.84 Russia May : 2.58 52.00 1.00 16.00 39.00 12.50 4.08 Kazakhstan May : 1.67 14.00 0.03 2.70 7.50 6.00 2.20 Ukraine May : 2.23 20.00 0.10 3.20 13.00 6.00 3.33 =============================================================================== 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-458-20 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: =============================================================================== : : 2006/07 : World 3/ : 165.00 982.62 112.93 634.01 1012.82 116.83 134.81 United States : 54.77 280.11 2.55 148.37 242.81 58.45 36.17 Total foreign : 110.24 702.51 110.38 485.64 770.00 58.39 98.63 Major exporters 4/ : 13.26 65.02 3.41 36.07 49.63 22.96 9.10 Argentina : 1.46 27.54 0.01 7.36 10.02 16.81 2.17 Australia : 3.08 6.58 0.02 4.96 6.22 2.02 1.44 Canada : 6.28 23.15 2.17 19.45 24.45 3.65 3.49 Major importers 5/ : 42.95 213.05 84.98 223.59 298.33 5.68 36.98 EU-27 6/ : 22.76 138.34 7.99 110.21 147.71 4.69 16.68 Japan : 1.74 0.18 19.67 14.88 19.82 0.00 1.76 Mexico : 3.34 29.14 11.02 23.36 39.91 0.22 3.38 N. Afr & Mideast 7/: 8.11 27.82 20.81 40.63 47.91 0.31 8.52 Saudi Arabia : 2.72 0.34 8.28 8.53 8.75 0.00 2.58 Southeast Asia 8/ : 2.12 16.88 4.00 14.76 20.52 0.46 2.02 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 36.18 43.34 11.06 3.70 China : 35.81 153.50 1.16 104.47 152.23 5.41 32.83 FSU-12 : 5.55 58.70 0.93 35.49 51.44 8.46 5.28 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 : : 2007/08 (Estimated) : World 3/ : 134.81 1067.13 120.34 657.83 1066.97 125.67 134.96 United States : 36.17 351.06 2.99 164.07 280.19 71.65 38.38 Total foreign : 98.63 716.07 117.35 493.76 786.78 54.02 96.58 Major exporters 4/ : 9.10 76.73 2.40 36.91 51.32 27.17 9.74 Argentina : 2.17 26.97 0.00 7.51 10.27 16.96 1.92 Australia : 1.44 9.91 0.00 5.95 7.24 2.71 1.39 Canada : 3.49 27.84 2.07 18.94 24.50 5.38 3.52 Major importers 5/ : 36.98 211.93 93.94 229.73 303.69 5.76 33.40 EU-27 6/ : 16.68 137.63 18.96 115.90 152.36 5.06 15.86 Japan : 1.76 0.20 19.16 14.47 19.49 0.00 1.63 Mexico : 3.38 29.78 10.83 23.48 40.21 0.10 3.68 N. Afr & Mideast 7/: 8.52 25.57 20.10 40.03 47.25 0.06 6.88 Saudi Arabia : 2.58 0.32 7.80 8.93 9.15 0.00 1.55 Southeast Asia 8/ : 2.02 18.01 3.58 15.37 21.23 0.54 1.85 South Korea : 1.35 0.35 8.87 7.05 9.23 0.00 1.34 Selected other : Brazil : 3.70 58.44 1.06 37.85 45.02 11.23 6.96 China : 32.83 153.60 1.33 104.52 155.52 0.85 31.39 FSU-12 : 5.28 53.91 0.65 34.80 50.72 4.15 4.98 Russia : 1.67 29.33 0.38 18.78 29.05 1.05 1.27 Ukraine : 2.12 14.59 0.07 9.42 12.52 1.71 2.55 =============================================================================== 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-458-21 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: =============================================================================== : : 2008/09 (Projected) World 3/ : May : 134.96 1070.64 116.61 641.84 1078.37 119.33 127.23 United States : May : 38.38 325.16 2.75 142.92 285.07 58.00 23.22 Total foreign : May : 96.58 745.48 113.86 498.92 793.29 61.33 104.01 Major exporters 4/ : May : 9.74 79.13 2.95 37.05 52.13 28.69 11.01 Argentina May : 1.92 29.92 0.00 8.11 10.92 18.36 2.56 Australia May : 1.39 12.21 0.00 5.92 7.25 4.26 2.09 Canada May : 3.52 25.02 2.63 18.31 24.38 3.55 3.24 Major importers 5/ : May : 33.40 223.81 88.81 225.23 302.35 7.41 36.26 EU-27 6/ May : 15.86 149.45 9.16 109.05 148.17 6.70 19.59 Japan May : 1.63 0.18 19.16 14.39 19.31 0.00 1.65 Mexico May : 3.68 29.98 12.15 24.78 41.73 0.10 3.98 N Afr/M.East 7/May : 6.88 24.90 22.07 40.53 48.00 0.05 5.81 Saudi Arabia May : 1.55 0.33 8.70 8.73 8.96 0.00 1.61 S.-east Asia 8/May : 1.85 18.47 3.93 16.07 22.05 0.56 1.64 South Korea May : 1.34 0.34 9.07 7.25 9.43 0.00 1.32 Selected other : Brazil May : 6.96 59.86 1.46 40.08 47.81 10.30 10.17 China May : 31.39 158.50 1.43 107.43 159.52 0.65 31.14 FSU-12 May : 4.98 61.49 0.54 36.85 52.72 8.86 5.43 Russia May : 1.27 31.60 0.23 19.45 29.45 1.38 2.27 Ukraine May : 2.55 19.67 0.05 10.20 13.42 6.60 2.25 =============================================================================== 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-458-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 124.49 706.70 90.65 476.09 725.73 93.06 105.46 United States : 49.97 267.60 0.30 142.19 230.79 53.97 33.11 Total foreign : 74.53 439.10 90.35 333.90 494.94 39.09 72.35 Major exporters 4/ : 3.46 29.80 1.16 8.90 15.10 15.76 3.57 Argentina : 1.16 22.50 0.01 4.80 6.70 15.31 1.66 South Africa : 2.31 7.30 1.15 4.10 8.40 0.45 1.91 Major importers 5/ : 18.50 100.13 54.56 110.11 153.91 1.33 17.95 Egypt : 0.65 6.15 4.83 8.60 10.70 0.00 0.92 EU-27 6/ : 9.95 54.72 7.06 48.70 62.30 0.66 8.76 Japan : 0.94 0.00 16.71 11.90 16.50 0.00 1.15 Mexico : 2.71 22.35 8.94 15.10 30.70 0.22 3.08 Southeast Asia 7/ : 2.10 16.81 4.00 14.70 20.45 0.44 2.01 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 : 1.66 12.85 0.52 10.51 12.14 1.12 1.77 Ukraine : 0.92 6.40 0.02 4.50 5.25 1.03 1.07 : : 2007/08 (Estimated) : World 3/ : 105.46 779.83 94.32 496.52 775.60 99.13 109.69 United States : 33.11 332.09 0.38 156.22 266.97 63.50 35.12 Total foreign : 72.35 447.73 93.94 340.30 508.64 35.63 74.57 Major exporters 4/ : 3.57 33.00 0.20 9.10 15.40 17.10 4.27 Argentina : 1.66 21.50 0.00 4.80 6.70 15.00 1.46 South Africa : 1.91 11.50 0.20 4.30 8.70 2.10 2.81 Major importers 5/ : 17.95 95.15 60.05 111.90 155.25 0.96 16.95 Egypt : 0.92 6.17 4.20 8.30 10.40 0.00 0.89 EU-27 6/ : 8.76 48.39 13.00 49.00 61.80 0.35 8.01 Japan : 1.15 0.00 16.30 11.70 16.40 0.00 1.05 Mexico : 3.08 22.50 9.70 16.20 32.00 0.10 3.18 Southeast Asia 7/ : 2.01 17.94 3.55 15.30 21.15 0.51 1.84 South Korea : 1.35 0.08 8.80 7.00 8.90 0.00 1.34 Selected other : Brazil : 3.58 56.00 0.75 36.00 42.50 11.00 6.83 Canada : 1.34 11.65 2.00 9.40 12.90 0.40 1.69 China : 32.48 145.00 0.10 103.00 146.00 0.50 31.08 FSU-12 : 1.77 13.79 0.25 10.72 12.40 1.08 2.33 Ukraine : 1.07 7.40 0.02 5.00 5.70 1.00 1.79 =============================================================================== 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-458-23 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: =============================================================================== : : 2008/09 (Projected) World 3/ : May : 109.69 777.56 90.70 482.47 788.21 92.31 99.03 United States : May : 35.12 307.99 0.38 134.63 270.78 53.34 19.37 Total foreign : May : 74.57 469.57 90.32 347.85 517.44 38.97 79.66 Major exporters 4/ : May : 4.27 35.00 0.20 9.50 15.90 18.70 4.87 Argentina May : 1.46 23.50 0.00 5.00 6.90 16.20 1.86 South Africa May : 2.81 11.50 0.20 4.50 9.00 2.50 3.01 Major importers 5/ : May : 16.95 103.93 55.20 110.50 155.48 1.64 18.96 Egypt May : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 EU-27 6/ May : 8.01 56.12 7.00 46.20 60.20 1.00 9.93 Japan May : 1.05 0.00 16.10 11.50 16.10 0.00 1.05 Mexico May : 3.18 23.00 10.50 17.00 33.00 0.10 3.58 S.-east Asia 7/May : 1.84 18.40 3.90 16.00 21.98 0.54 1.63 South Korea May : 1.34 0.08 9.00 7.20 9.10 0.00 1.32 Selected other : Brazil May : 6.83 57.00 1.20 38.00 45.00 10.00 10.03 Canada May : 1.69 10.00 2.50 8.60 12.60 0.30 1.29 China May : 31.08 150.00 0.10 106.00 150.00 0.50 30.68 FSU-12 May : 2.33 16.72 0.10 12.13 13.86 2.63 2.65 Ukraine May : 1.79 8.00 0.03 5.20 5.90 2.50 1.41 =============================================================================== 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-458-24 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 : =============================================================================== : : 2006/07 World 3/ : 75.69 420.60 27.55 420.45 30.82 75.84 United States : 1.37 6.24 0.65 4.05 2.94 1.27 Total foreign : 74.32 414.36 26.89 416.40 27.88 74.57 Major exporters 4/ : 15.73 139.72 0.46 118.22 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 22.92 0.45 18.78 4.52 1.39 Major importers 5/ : 12.80 60.51 11.71 69.67 0.42 14.92 Brazil : 0.90 7.70 0.75 7.97 0.23 1.16 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/ : 1.51 2.13 2.96 5.06 0.05 1.50 Selected other : Burma : 0.70 10.60 0.00 10.67 0.03 0.60 C. Amer & Carib 8/ : 0.20 0.07 0.37 0.48 0.00 0.16 China : 36.78 127.80 0.47 127.80 1.34 35.92 Egypt : 0.36 4.38 0.10 3.27 1.21 0.37 Japan : 2.40 7.79 0.68 8.25 0.20 2.41 Mexico : 0.16 0.18 0.59 0.79 0.00 0.15 South Korea : 0.82 4.68 0.24 4.89 0.16 0.69 : : 2007/08 (Estimated) World 3/ : 75.84 427.07 25.66 424.40 27.05 78.51 United States : 1.27 6.31 0.68 3.99 3.58 0.69 Total foreign : 74.57 420.75 24.97 420.41 23.46 77.82 Major exporters 4/ : 15.76 143.22 0.16 124.03 18.30 16.81 India : 11.43 95.68 0.00 91.61 2.50 13.00 Pakistan : 0.46 5.50 0.00 2.74 2.70 0.52 Thailand : 2.48 18.50 0.01 9.97 9.00 2.02 Vietnam : 1.39 23.54 0.15 19.72 4.10 1.27 Major importers 5/ : 14.92 62.02 10.23 71.57 0.42 15.17 Brazil : 1.16 8.13 0.70 8.43 0.25 1.31 EU-27 6/ : 1.27 1.68 1.10 2.75 0.15 1.15 Indonesia : 4.61 35.50 1.10 36.35 0.00 4.86 Nigeria : 0.60 3.00 1.60 4.70 0.00 0.50 Philippines : 5.63 10.60 2.00 12.40 0.00 5.83 Sel. Mideast 7/ : 1.50 2.38 2.76 5.20 0.02 1.42 Selected other : Burma : 0.60 10.73 0.03 10.33 0.43 0.60 C. Amer & Carib 8/ : 0.16 0.07 0.34 0.48 0.00 0.08 China : 35.92 129.50 0.30 127.00 1.00 37.72 Egypt : 0.37 4.39 0.02 3.39 0.80 0.59 Japan : 2.41 7.93 0.70 8.15 0.20 2.69 Mexico : 0.15 0.19 0.65 0.78 0.01 0.19 South Korea : 0.69 4.41 0.27 4.64 0.00 0.73 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 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-458-25 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 : =============================================================================== : : 2008/09 (Projected) World 3/ : May : 78.51 432.04 25.55 427.97 27.01 82.58 United States : May : 0.69 6.30 0.71 4.02 3.13 0.55 Total foreign : May : 77.82 425.75 24.84 423.95 23.88 82.03 Major exporters 4/ : May : 16.81 143.96 0.46 124.50 18.65 18.08 India May : 13.00 96.00 0.00 93.00 2.00 14.00 Pakistan May : 0.52 5.60 0.00 2.42 3.15 0.55 Thailand May : 2.02 18.80 0.01 9.70 9.00 2.13 Vietnam May : 1.27 23.56 0.45 19.38 4.50 1.40 Major importers 5/ : May : 15.17 63.43 9.98 72.81 0.47 15.30 Brazil May : 1.31 8.50 0.60 8.71 0.30 1.40 EU-27 6/ May : 1.15 1.68 1.20 2.75 0.15 1.13 Indonesia May : 4.86 36.25 0.80 36.85 0.00 5.06 Nigeria May : 0.50 3.10 1.60 4.80 0.00 0.40 Philippines May : 5.83 10.80 2.00 12.65 0.00 5.98 Sel. Mideast 7/May : 1.42 2.37 2.82 5.30 0.02 1.28 Selected other : Burma May : 0.60 10.00 0.00 10.00 0.00 0.60 C. Am & Car. 8/May : 0.08 0.07 0.39 0.48 0.00 0.05 China May : 37.72 130.90 0.33 128.00 1.10 39.85 Egypt May : 0.59 4.39 0.02 3.35 1.00 0.65 Japan May : 2.69 7.90 0.70 8.13 0.20 2.96 Mexico May : 0.19 0.19 0.65 0.81 0.01 0.20 South Korea May : 0.73 4.50 0.29 4.54 0.00 0.97 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 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-458-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2006/07 : World : 62.38 122.08 37.28 123.22 37.26 -1.74 63.01 United States : 6.07 21.59 0.02 4.94 13.01 0.25 9.48 Total foreign : 56.31 100.49 37.26 118.28 24.25 -1.99 53.53 Major exporters 4/ : 19.97 45.69 2.21 27.34 20.46 -0.19 20.26 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/ : 34.14 51.73 32.37 86.36 2.42 -1.81 31.27 Mexico : 1.32 0.65 1.35 2.10 0.18 0.03 1.03 China : 22.54 35.50 10.59 50.00 0.09 -2.00 20.54 EU-27 9/ : 1.18 1.61 2.02 2.36 1.58 0.06 0.83 Russia : 0.22 3/ 1.40 1.40 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 : : 2007/08 (Estimated) : World : 63.01 120.47 38.41 124.43 38.40 -2.50 61.55 United States : 9.48 19.21 0.02 4.60 14.20 0.00 9.90 Total foreign : 53.53 101.26 38.39 119.83 24.20 -2.50 51.65 Major exporters 4/ : 20.26 47.92 1.75 27.60 20.93 -0.19 21.58 Central Asia 5/ : 2.18 8.35 0.30 1.64 6.93 0.00 2.27 Afr. Fr. Zone 6/ : 1.13 2.64 3/ 0.19 2.70 0.00 0.87 S. Hemis. 7/ : 7.97 9.12 0.57 5.75 4.01 -0.20 8.11 Australia : 1.18 0.60 3/ 0.05 1.20 -0.07 0.60 Brazil : 5.68 7.18 0.20 4.50 2.30 -0.15 6.41 India : 7.53 25.30 0.33 18.20 6.10 0.00 8.86 Major importers 8/ : 31.27 50.41 34.08 87.76 2.13 -2.32 28.19 Mexico : 1.03 0.65 1.50 2.00 0.18 0.03 0.98 China : 20.54 35.80 12.00 53.00 0.08 -2.50 17.76 EU-27 9/ : 0.83 1.59 1.74 2.03 1.32 0.05 0.75 Russia : 0.22 3/ 1.28 1.30 0.00 0.00 0.20 Turkey : 2.06 3.20 3.40 6.50 0.20 0.00 1.96 Pakistan : 4.33 9.00 3.70 12.50 0.20 0.03 4.30 Indonesia : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Thailand : 0.40 0.02 1.80 1.80 0.00 0.03 0.39 Bangladesh : 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, 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-458-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2008/09 (Projected) World : May : 61.55 118.00 41.00 127.00 41.00 -3.00 55.55 United States : May : 9.90 14.50 0.02 4.30 14.50 0.02 5.60 Total foreign : May : 51.65 103.50 40.99 122.70 26.50 -3.01 49.95 China : May : 17.76 35.50 15.00 55.50 0.08 -3.00 15.69 =============================================================================== 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 estimated difference between stocks based on supply less total use and indicated ending stocks. WASDE-458-28 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/ : 47.46 220.54 64.05 185.21 215.33 63.93 52.79 United States : 6.96 83.37 0.09 47.32 52.61 25.58 12.23 Total foreign : 40.50 137.17 63.95 137.89 162.72 38.35 40.56 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/ : 6.25 18.99 53.05 56.79 72.15 0.42 5.73 China : 4.70 16.35 28.32 34.50 44.54 0.35 4.47 EU-27 : 0.76 1.17 13.94 13.67 15.09 0.05 0.74 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/ : 52.79 237.36 69.08 195.66 225.18 71.03 63.02 United States : 12.23 86.77 0.25 49.16 53.20 30.43 15.62 Total foreign : 40.56 150.59 68.83 146.50 171.98 40.60 47.41 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/ : 5.73 18.54 55.50 58.94 74.51 0.52 4.74 China : 4.47 15.97 28.73 35.48 45.60 0.45 3.12 EU-27 : 0.74 1.24 15.29 14.67 16.09 0.05 1.14 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/ : April : 63.26 219.99 75.33 205.32 233.83 75.45 49.31 May : 63.02 219.72 75.26 205.38 233.63 75.33 49.04 United States : April : 15.62 70.36 0.27 50.08 52.64 29.26 4.36 May : 15.62 70.36 0.27 50.08 52.64 29.67 3.95 Total foreign : April : 47.64 149.63 75.06 155.24 181.19 46.19 44.95 May : 47.41 149.36 74.99 155.31 181.00 45.67 45.09 Major exporters 3/ : April : 41.30 115.00 2.54 71.83 76.46 43.10 39.28 May : 41.30 114.80 2.54 71.83 76.46 42.40 39.78 Argentina Apr : 22.63 47.00 2.40 38.00 39.54 11.50 20.99 May : 22.63 47.00 2.40 38.00 39.54 11.50 20.99 Brazil Apr : 18.63 61.00 0.12 31.50 34.48 27.00 18.27 May : 18.63 61.00 0.12 31.50 34.48 26.50 18.77 Major importers 4/ : April : 5.07 16.47 60.73 61.46 77.21 0.40 4.66 May : 4.74 16.44 60.68 61.41 77.14 0.42 4.30 China Apr : 3.12 14.30 34.00 38.05 48.25 0.35 2.82 May : 3.12 14.30 34.00 38.05 48.25 0.35 2.82 EU-27 Apr : 1.46 0.84 14.95 14.50 15.94 0.03 1.29 May : 1.14 0.84 15.15 14.70 16.12 0.05 0.96 Japan Apr : 0.27 0.23 4.10 2.88 4.28 0.00 0.32 May : 0.27 0.23 4.10 2.88 4.28 0.00 0.32 Mexico Apr : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 May : 0.04 0.08 3.85 3.90 3.94 0.00 0.03 =============================================================================== 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-458-29 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/ : 6.50 145.73 50.79 145.71 51.44 5.86 United States : 0.16 37.42 0.13 30.11 7.30 0.29 Total foreign : 6.34 108.31 50.66 115.60 44.14 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 24.20 1.67 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 39.37 29.45 67.86 1.09 1.10 EU-27 : 0.86 10.76 22.82 32.88 0.70 0.87 China : 0.00 27.30 0.84 27.78 0.36 0.00 : : 2006/07 (Estimated) World 2/ : 5.86 153.90 51.70 151.73 54.09 5.64 United States : 0.29 39.03 0.14 31.17 7.97 0.32 Total foreign : 5.58 114.86 51.55 120.56 46.12 5.32 Major exporters 3/ : 3.46 55.13 0.17 13.65 41.79 3.31 Argentina : 1.67 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 40.98 28.46 68.03 1.45 1.07 EU-27 : 0.87 11.55 22.08 33.09 0.55 0.85 China : 0.00 28.09 0.03 27.26 0.87 0.00 : : 2007/08 (Projected) World 2/ : April : 5.63 161.67 56.21 160.26 57.84 5.41 May : 5.64 161.67 56.00 159.95 57.94 5.41 United States : April : 0.32 39.86 0.15 32.02 8.03 0.27 May : 0.32 39.77 0.15 31.84 8.12 0.27 Total foreign : April : 5.32 121.81 56.06 128.24 49.81 5.13 May : 5.32 121.91 55.85 128.11 49.82 5.14 Major exporters 3/ : April : 3.31 60.33 0.22 14.58 46.06 3.21 May : 3.31 60.33 0.18 14.53 46.06 3.22 Argentina Apr : 1.52 29.50 0.00 0.64 28.96 1.42 May : 1.52 29.50 0.00 0.63 28.96 1.42 Brazil Apr : 1.61 24.51 0.22 11.84 12.90 1.60 May : 1.61 24.51 0.18 11.80 12.90 1.60 India Apr : 0.18 6.32 0.00 2.10 4.20 0.19 May : 0.18 6.32 0.00 2.10 4.20 0.19 Major importers 4/ : April : 1.07 42.99 31.45 73.31 1.14 1.06 May : 1.07 43.05 31.35 73.27 1.14 1.05 EU-27 Apr : 0.85 11.41 24.40 35.35 0.45 0.86 May : 0.85 11.58 24.40 35.52 0.45 0.86 China Apr : 0.00 30.17 0.40 29.92 0.65 0.00 May : 0.00 30.17 0.30 29.82 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-458-30 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/ : 3.07 34.55 9.02 33.56 9.82 3.26 United States : 0.77 9.25 0.02 8.15 0.52 1.37 Total foreign : 2.29 25.31 9.00 25.41 9.29 1.90 Major exporters 3/ : 1.14 13.89 0.75 6.45 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 2.46 0.72 2.92 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/ : 3.26 36.33 9.70 35.62 10.67 3.00 United States : 1.37 9.29 0.02 8.50 0.86 1.32 Total foreign : 1.90 27.04 9.68 27.11 9.82 1.69 Major exporters 3/ : 1.00 14.95 0.97 7.36 8.67 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 2.64 0.97 3.36 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/ : April : 2.99 38.33 10.74 38.04 11.34 2.67 May : 3.00 38.36 10.65 37.93 11.39 2.69 United States : April : 1.32 9.64 0.02 8.48 1.23 1.27 May : 1.32 9.64 0.02 8.41 1.29 1.27 Total foreign : April : 1.67 28.69 10.72 29.56 10.12 1.40 May : 1.69 28.72 10.63 29.51 10.10 1.42 Major exporters 3/ : April : 0.90 15.94 1.06 7.98 9.10 0.82 May : 0.90 15.99 1.07 8.04 9.08 0.84 Argentina Apr : 0.39 7.28 0.00 1.04 6.30 0.33 May : 0.39 7.28 0.00 1.04 6.30 0.33 Brazil Apr : 0.32 6.07 0.10 3.60 2.57 0.31 May : 0.32 6.07 0.07 3.61 2.53 0.31 EU-27 Apr : 0.20 2.60 0.96 3.35 0.23 0.18 May : 0.20 2.65 1.00 3.39 0.25 0.20 Major importers 4/ : April : 0.46 8.22 4.15 12.47 0.06 0.30 May : 0.46 8.22 4.05 12.37 0.06 0.30 China Apr : 0.25 6.80 3.00 9.79 0.05 0.21 May : 0.25 6.80 3.00 9.79 0.05 0.21 India Apr : 0.21 1.42 1.10 2.63 0.01 0.09 May : 0.21 1.42 1.00 2.53 0.01 0.09 Pakistan Apr : 0.00 0.01 0.05 0.06 0.00 0.00 May : 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-458-31 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 2007 : 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 : 26421 21943 48683 36126 5958 42582 91265 7547 185.6 : 2008 : I : 6374 6023 12477 9108 1540 10783 23260 1870 47.6 II* : 6910 5645 12636 9375 1550 11060 23696 1875 48.7 III* : 6945 5680 12703 9200 1530 10860 23563 1890 46.8 IV* : 6485 6135 12702 9175 1560 10865 23567 1925 46.6 Annual : Apr Proj : 26580 23535 50433 36900 6165 43590 94023 7610 190.0 May Proj : 26714 23483 50518 36858 6180 43568 94086 7560 189.8 : 2009 : I* : 6255 5755 12089 9000 1505 10635 22724 1865 47.6 Annual : Apr Proj : NA NA NA NA NA NA NA NA NA May Proj : 26385 22930 49632 37150 6140 43815 93447 7560 190.4 =============================================================================== * 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 2007 : 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 : 91.82 47.09 76.4 82.1 114.4 19.13 : 2008 : I : 89.59 39.64 78.1 77.4 158.8 19.23 II* : 92-94 46-48 79-81 86-88 113-117 17.70-18.00 III* : 89-95 45-47 80-84 89-95 102-108 17.20-17.80 IV* : 86-94 40-44 79-85 91-99 106-114 17.80-18.70 Annual : Apr Proj : 88-92 40-42 78-82 83-87 125-132 17.65-18.15 May Proj : 89-93 43-45 79-82 86-90 120-125 17.95-18.45 : 2009 : I* : 88-96 44-48 81-87 77-83 95-103 17.85-18.85 Annual : Apr Proj : NA NA NA NA NA NA May Proj : 88-95 46-50 80-86 82-89 90-98 17.90-18.90 =============================================================================== *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-458-32 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 : 2007 : 630 26523 3052 30205 1431 630 28144 65.2 2008 Proj. Apr : 630 26682 2930 30242 1515 600 28127 64.6 May : 630 26816 2815 30261 1645 600 28016 64.3 2009 Proj. Apr : NA NA NA NA NA NA NA NA May : 600 26487 3010 30097 1870 600 27627 62.8 : PORK : 2007 : 514 21962 968 23444 3138 542 19763 50.8 2008 Proj. Apr : 542 23554 925 25021 3735 600 20686 52.6 May : 542 23502 925 24969 4310 650 20009 50.9 2009 Proj. Apr : NA NA NA NA NA NA NA NA May : 650 22949 905 24504 3985 610 19909 50.2 : TOTAL RED MEAT 5/ : 2007 : 1166 48817 4223 54206 4579 1192 48435 117.5 2008 Proj. Apr : 1192 50567 4055 55814 5259 1222 49333 118.7 May : 1192 50652 3940 55784 5964 1272 48548 116.7 2009 Proj. Apr : NA NA NA NA NA NA NA NA May : 1272 49766 4118 55156 5867 1232 48057 114.5 : BROILERS : 2007 : 732 35739 61 36532 5772 719 30041 85.4 2008 Proj. Apr : 739 36505 60 37304 6000 675 30629 86.3 May : 719 36464 60 37242 6000 675 30567 86.1 2009 Proj. Apr : NA NA NA NA NA NA NA NA May : 675 36752 60 37487 6100 735 30652 85.6 : TURKEYS : 2007 : 218 5880 9 6107 554 261 5292 17.5 2008 Proj. Apr : 261 6084 12 6357 605 275 5477 18.0 May : 261 6099 12 6372 605 275 5492 18.0 2009 Proj. Apr : NA NA NA NA NA NA NA NA May : 275 6060 12 6347 635 285 5427 17.6 : TOTAL POULTRY 6/ : 2007 : 956 42117 74 43146 6490 982 35674 104.1 2008 Proj. Apr : 1002 43114 75 44190 6755 952 36483 105.5 May : 982 43092 75 44148 6755 952 36441 105.4 2009 Proj. Apr : NA NA NA NA NA NA NA NA May : 952 43336 75 44363 6885 1022 36456 104.4 : RED MEAT & POULTRY: 2007 : 2122 90934 4297 97353 11069 2174 84110 221.6 2008 Proj. Apr : 2194 93681 4130 100004 12014 2174 85816 224.2 May : 2174 93744 4015 99932 12719 2224 84989 222.1 2009 Proj. Apr : NA NA NA NA NA NA NA NA May : 2224 93102 4193 99519 12752 2254 84513 219.0 ============================================================================ 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-458-33 U.S. Egg Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:------------------ Commodity : 2006 : 2007 : Apr : May : Apr : May =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 16.0 12.5 11.1 11.1 NA 12.0 Production : 7610.0 7547.0 7610.0 7560.0 NA 7560.0 Imports : 8.6 13.7 14.0 14.0 NA 14.0 Total supply : 7634.6 7573.2 7635.1 7585.1 NA 7586.0 : Use : Exports : 202.1 251.0 230.0 230.0 NA 239.0 Hatching use : 992.2 1014.5 1018.0 1020.3 NA 1018.0 Ending stocks : 12.5 11.1 12.0 12.0 NA 12.0 Disappearance : Total : 6427.8 6296.6 6375.1 6322.8 NA 6317.0 Per capita (number) : 257.8 250.1 250.9 248.8 NA 246.3 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected Commodity : : :-----------------:------------------ : 2006 : 2007 : Apr : May : Apr : May =============================================================================== : Billion pounds Milk : Production : 181.8 185.6 190.0 189.8 NA 190.4 Farm use : 1.2 1.2 1.1 1.2 NA 1.2 : Fat Basis Supply : Beg. commercial stocks : 8.0 9.5 10.4 10.4 NA 10.5 Marketings : 180.6 184.4 188.8 188.6 NA 189.2 Imports : 5.0 4.6 4.6 4.6 NA 4.7 Total cml. supply : 193.6 198.6 203.8 203.6 NA 204.4 : Fat Basis Use : Commercial Exports : 3.4 5.7 NA 6.7 NA 6.0 Ending commercial stks : 9.5 10.4 10.5 10.5 NA 9.4 CCC net removals 1/ : 0.0 0.0 0.0 0.0 NA 0.0 Commercial use 2/ : 180.7 182.5 193.3* 186.4 NA 189.0 : Skim-solids Basis Supply : Beg. commercial stocks : 9.0 9.1 9.9 9.9 NA 10.0 Marketings : 180.6 184.4 188.8 188.6 NA 189.2 Imports : 4.8 4.4 4.4 4.4 NA 4.5 Total cml. supply : 194.4 197.9 203.1 202.9 NA 203.7 : Skim-solids Basis Use : Commercial Exports : 23.6 28.2 NA 24.7 NA 23.6 Ending commercial stks : 9.1 9.9 10.0 10.0 NA 9.7 CCC net removals 1/ : 0.7 0.0 0.0 0.0 NA 0.0 Commercial use 2/ : 160.9 159.8 193.1* 168.2 NA 170.4 : : Million pounds CCC product net removals 1: Butter : 0 0 0 0 NA 0 Cheese : 0 0 0 0 NA 0 Nonfat dry milk : 64 0 0 0 NA 0 Dry whole milk : 0 0 0 0 NA 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Domestic commercial use only. * April 2008 commercial use forecast includes commercial exports. WASDE-458-34 U.S. Dairy Prices ============================================================================ : : : 2008 Projected : 2009 Projected : : :-----------------:------------------ Commodity : 2006 : 2007 : Apr : May : Apr : May ============================================================================ : Dollars per pound : Product Prices 1/ : Cheese : 1.2470 1.7380 1.775- 1.820- NA 1.790- : 1.825 1.870 1.890 : Butter : 1.2193 1.3441 1.310- 1.335- NA 1.355- : 1.390 1.415 1.485 : Nonfat dry milk : 0.8928 1.7083 1.360- 1.360- NA 1.470- : 1.400 1.400 1.540 : Dry whey : 0.3285 0.6004 0.275- 0.275- NA 0.295- : 0.305 0.305 0.325 : : Dollars per cwt Milk Prices 2/ : Class III : 11.89 18.04 16.55- 17.00- NA 16.80- : 17.05 17.50 17.80 : Class IV : 11.06 18.36 15.35- 15.45- NA 16.50- : 15.95 16.05 17.60 : All milk 3/ : 12.88 19.13 17.65- 17.95- NA 17.90- : 18.15 18.45 18.90 : ============================================================================ 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-458-35 Note: Tables on pages 35-37 present a 27-year record of the differences between the May projection and the final estimate. Using world wheat production as an example, changes between the May projection and the final estimate have averaged 14.7 million tons (2.7%) ranging from -35.0 to 30.0 million tons. The May projection has been below the estimate 15 times and above 12 times. Reliability of May Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 2.7 14.7 -35.0 30.0 15 12 U.S. : 5.2 3.1 -7.2 9.8 12 15 Foreign : 2.8 13.4 -32.9 28.7 14 13 Exports : World : 4.3 4.9 -16.3 12.7 17 10 U.S. : 8.9 3.0 -10.0 7.8 16 10 Foreign : 5.3 4.3 -12.0 11.2 18 9 Domestic use : World : 1.8 9.6 -28.0 19.9 17 10 U.S. : 6.0 1.9 -6.4 4.0 16 11 Foreign : 1.7 8.5 -24.7 18.4 18 9 Ending stocks : World : 8.8 11.1 -24.4 26.9 15 12 U.S. : 19.0 3.6 -9.0 14.1 14 13 Foreign : 9.6 9.6 -23.3 16.8 15 12 : COARSE GRAINS 3/ : Production : World : 2.9 24.4 -72.3 75.3 12 15 U.S. : 9.3 19.7 -35.9 70.3 14 13 Foreign : 2.3 14.0 -36.8 42.8 9 18 Exports : World : 6.3 6.6 -14.9 15.5 18 9 U.S. : 15.2 8.1 -22.8 15.3 12 15 Foreign : 12.4 6.4 -20.8 14.2 16 11 Domestic use : World : 1.7 14.4 -23.4 32.4 12 15 U.S. : 4.2 7.8 -16.6 33.0 18 9 Foreign : 1.6 10.7 -17.1 32.8 13 14 Ending stocks : World : 15.9 21.2 -71.4 48.1 16 11 U.S. : 37.2 17.7 -57.6 43.8 12 15 Foreign : 14.2 10.7 -25.9 18.6 18 9 : RICE, milled : Production : World : 2.0 7.0 -21.8 15.2 17 10 U.S. : 5.7 0.3 -1.0 0.5 16 11 Foreign : 2.1 7.1 -22.0 15.3 17 10 Exports : World : 8.3 1.7 -7.5 2.2 19 8 U.S. : 9.0 0.3 -1.0 0.7 15 9 Foreign : 9.1 1.6 -7.1 2.8 19 8 Domestic use : World : 1.6 5.4 -19.4 5.6 19 8 U.S. : 7.1 0.2 -0.5 0.6 9 16 Foreign : 1.6 5.5 -20.0 5.4 20 7 Ending stocks : World : 11.7 5.4 -17.0 9.0 19 8 U.S. : 28.7 0.3 -0.8 0.9 14 11 Foreign : 12.4 5.4 -16.7 9.1 19 8 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-458-36 Reliability of May Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : NA NA NA NA NA NA U.S. : 7.4 4.4 -11.3 12.0 13 14 Foreign : NA NA NA NA NA NA Exports : World : NA NA NA NA NA NA U.S. : 12.4 2.5 -6.7 6.4 13 13 Foreign : NA NA NA NA NA NA Domestic use : World : NA NA NA NA NA NA U.S. : 5.4 2.2 -7.5 4.2 18 9 Foreign : NA NA NA NA NA NA Ending stocks : World : NA NA NA NA NA NA U.S. : 47.6 3.1 -5.0 8.4 8 19 Foreign : NA NA NA NA NA NA : COTTON : Million 480-pound bales Production : World : 4.8 4.3 -16.7 11.4 18 9 U.S. : 9.7 1.6 -5.5 3.1 14 13 Foreign : 4.8 3.5 -12.2 10.5 17 10 Exports : World : 6.5 1.9 -6.4 5.7 13 14 U.S. : 20.0 1.3 -3.5 3.0 17 10 Foreign : 6.5 1.2 -3.5 2.7 12 15 Mill use : World : 2.7 2.3 -8.0 5.0 12 15 U.S. : 8.4 0.6 -1.4 1.3 15 12 Foreign : 2.8 2.3 -7.5 3.9 14 13 Ending stocks : World : 15.7 5.9 -13.8 15.4 19 8 U.S. : 34.5 1.7 -4.3 3.7 13 14 Foreign : 14.6 4.8 -13.1 12.7 19 8 =============================================================================== 1/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year, and for 2007/08 last month's estimate. 2/ May not total 27 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-458-37 Reliability of United States May Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 9.6 682 -1382 2379 12 15 Exports : 16.3 298 -850 583 13 14 Domestic use : 4.7 299 -558 1095 19 8 Ending stocks : 44.0 629 -2091 1459 12 15 : SORGHUM : Production : 16.6 98 -228 171 11 15 Exports : 19.6 45 -125 97 13 14 Domestic use : 15.7 58 -162 100 12 15 Ending stocks : 47.8 62 -238 191 11 16 : BARLEY : Production : 9.6 33 -73 206 9 18 Exports : 34.7 18 -92 53 15 10 Domestic use : 10.0 34 -72 95 14 12 Ending stocks : 17.5 26 -60 78 11 16 : OATS : Production : 18.5 41 -77 231 7 20 Exports : 68.9 2 -5 8 7 10 Domestic use : 7.6 25 -39 160 10 17 Ending stocks : 16.1 17 -62 77 6 18 : : Thousand short tons SOYBEAN MEAL : Production : 4.5 1409 -3696 4162 18 9 Exports : 17.0 1088 -2750 2364 15 11 Domestic use : 3.2 768 -1800 1559 15 12 Ending stocks : 30.7 74 -234 388 11 14 : : Million pounds SOYBEAN OIL : Production : 4.6 687 -1973 1443 18 9 Exports : 28.3 474 -1700 925 14 13 Domestic use : 3.0 413 -985 1000 18 9 Ending stocks : 34.1 541 -1702 1188 16 11 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 1.8 433 -538 1319 17 9 Pork : 1.8 304 -779 826 18 8 Broilers : 1.1 270 -687 659 16 10 Turkeys : 1.6 70 -234 173 14 12 : : Million dozen Eggs : 0.9 58 -83 123 18 8 : : Billion pounds Milk : 0.9 1.3 -4.5 5.2 13 13 =============================================================================== 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, and for 2007/08 last month's estimate. 3/ May not total 27 for crops and 26 for animal production if projection was the same as the final estimate. 4/ Calendar years 1982 thru 2007 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. -------------- End of File -----------------