ShapeShapeauthorShapechevroncrossShapeShapeShapeGrouphamburgerhomeGroupmagnifyShapeShapeShaperssShape

USDA: Ethanol Still Second to Livestock in Total Corn Usage

by 5m Editor
25 February 2008, at 10:57am

US - U.S. 2008-09 corn planted area is estimated at 90 million acres and production is seen at 12.81 billion bushels, according to the U.S. Department of Agriculture, which released its grains and oilseeds outlook Friday at its annual Agricultural Outlook Forum.

The USDA said corn yields this year are seen at 154.9 bushels per acre.

Regarding demand, the government said ethanol production would grow to 4.1 billion bushels while exports are seen at 2.15 billion bushels. Corn for livestock use is pegged at 5.4 billion bushels.

Ending stocks for 2008-09 are seen at 1.243 Billion bushels.

In its Feb. 12 baseline report, the USDA estimated 2008-09 planted area at 88 million acres and harvested acreage at 80.6 million. Production for the coming marketing year was estimated at 12.515 billion bushels, with yields seen at 155.3 bushels per acre.

Corn use for ethanol production in 2008-09 was estimated at 4.1 billion bushels and exports were seen at 2.150 billion bushels, according to the baseline report. Corn for livestock usage was estimated at 5.450 bilion bushels, and ending stocks were 1.327 billion bushels, according to the baseline projections. The baseline projections were compiled in November 2007.

Source: Agriculture Online

5m Editor