World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing April 10, 2013

Transcription

1 World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing

2 World Wheat Production Country or Region estimate 2012/13 previous month Million Tons Percent Percent World United States Foreign Argentina Canada Australia European Union Russian Federation Ukraine Kazakhstan China India

3 U.S. Wheat Supply and Demand estimate 2012/13 last month Percent Percent Planted area (million acres) Harvested area (million acres) Yield (bushels per acre) Million bushels Beginning stocks Production 1,999 2, Imports Total supply 2,974 3, Food use Seed Feed and residual Domestic use 1,182 1, Exports 1,050 1, Total use 2,231 2, Ending stocks Percent Stocks to use ratio Dollars per bushel Average market price /

4 World Rice Production Country or Region estimate 2012/13 previous month Million Tons Percent Percent World United States Foreign Brazil Egypt Bangladesh Cambodia China India Indonesia Japan Sri Lanka Pakistan Philippines Thailand Vietnam

5 U.S. Rice Supply and Demand Rough Equivalent of Rough and Milled Rice estimate 2012/13 last month Percent Percent Planted area (million acres) Harvested area (million acres) Yield (pounds per acre) 7,067 7, Million cwt Beginning stocks Production Imports Total supply Domestic use Exports Total use Ending stocks Percent Stocks to use ratio Dollars per cwt Average market price /

6 World Corn Production Country or Region estimate 2012/13 previous month Million Tons Percent Percent World United States Foreign Argentina Brazil Mexico Canada European Union FSU Ukraine South Africa China India

7 U.S. Corn Supply and Demand estimate 2012/13 last month Percent Percent Planted area (million acres) Harvested area (million acres) Yield (bushels per acre) Million bushels Beginning stocks 1, Production 12,360 10, Imports Total supply 13,516 11, Feed and residual 4,545 4, Food, seed, and industrial 6,439 5, Ethanol 5,011 4, Domestic use 10,985 10, Exports 1, Total use 12,527 11, Ending stocks Percent Stocks to use ratio Dollars per bushel Average market price /

8 World Soybean Production Country or Region estimate 2012/13 previous month Million Tons Percent Percent World United States Foreign Argentina Brazil Paraguay Ukraine India China

9 U.S. Soybean Supply and Demand 2012/13 estimate last month Percent Percent Planted area (million acres) Harvested area (million acres) Yield (bushels per acre) Million bushels Beginning stocks Production 3,094 3, Imports Total supply 3,325 3, Crush 1,703 1, Seed and residual Domestic use 1,793 1, Exports 1,362 1, Total use 3,155 3, Ending stocks Percent Stocks to use ratio Dollars per bushel Average market price /

10 World Cotton Production Country or Region estimate 2012/13 previous month Million Bales Percent Percent World United States Foreign Argentina Brazil Turkey Australia China India Pakistan Uzbekistan African Franc Zone

11 U.S. Cotton Supply and Demand estimate 2012/13 last month Percent Percent Planted area (million acres) Harvested area (million acres) Yield (pounds per acre) Million bales Beginning stocks Imports Production Total supply Mill use Exports Total use Unaccounted Ending stocks Percent Stocks/use Cents per pound Average market price /

12 Mexico Sugar Supply and Demand 2012/13 estimate last month Thousand MT Percent Percent Beginning stocks Production 5,048 6, Imports Total Supply 6,284 7, Domestic use 4,389 4, Exports 929 1, Total Use 5,318 6, Ending stocks 966 1,

13 U.S. Sugar Supply and Demand estimate 2012/13 last month 1,000 short tons, raw value Percent Percent Beginning Stocks 1,378 1, Production 8,488 8, Beets 4,900 5, Cane 3,588 3, Imports 3,631 3, TRQ 1,883 1, Re-export Mexico 1,071 1, High-tier Total Supply 13,497 14, Exports Domestic deliveries 11,243 11, Total use 11,512 11, Ending stocks 1,985 2, Percent Stocks/use ratio

14 U.S. Meat Production and Prices last month 2012 Production Billion pounds Percent Percent Beef Pork Broilers Turkey Total meat Prices Dollars/cwt Steers Hogs Cents/lb Broilers Turkey

15 U.S. Meat Trade Million Pounds last month 2012 Exports Percent Percent Beef 2,455 2, Pork 5,384 5, Broilers 7,281 7, Turkey Mature Chickens Total meat 16,021 15, Imports Beef 2,219 2,

16 U.S. Milk Supply and Demand last month 2012 Billion pounds Percent Percent Production Imports Commercial use Exports Average market price 1/ Dollars/cwt Class III Class IV All milk / Prices are mid-point of published s; milk of average fat test.

17 U.S. Production Summary 2012/13 estimate last month Percent Percent Crops and Products Wheat (Million bu) 1,999 2, Rice (Million cwt) Corn (Million bu) 12,360 10, Sorghum (Million bu) Barley (Million bu) Oats (Million bu) Soybeans (Million bu) 3,094 3, Soybean oil (Million lbs) 19,740 19, Soybean meal (Thousand s.t.) 41,025 38, Cotton (Million bales) Sugar (Thousand s.t., raw value) 8,488 8, Milk (Billion lbs) Meat (Billion lbs) Beef Pork Broilers Turkey Total Meat

18 Domestic Demand Summary 2012/13 estimate last month Percent Percent Crops and Products Wheat (Million bu) 1,182 1, Rice (Million cwt) Corn (Million bu) 10,985 10, Sorghum (Million bu) Barley (Million bu) Oats (Million bu) Soybeans (Million bu) 1,793 1, Soybean oil (Million lbs) 18,310 18, Soybean meal (Thousand s.t.) 31,550 29, Cotton (Million bales) Sugar (Thousand s.t., raw value) 11,243 11, Milk (Billion lbs) Meat (Billion lbs) Beef Pork Broilers Turkey Total meat

19 U.S. Export Summary 2012/13 estimate last month Percent Percent Crops and products Wheat (Million bu) 1,050 1, Rice (Million cwt) Corn (Million bu) 1, Sorghum (Million bu) Barley (Million bu) Soybeans (Million bu) 1,362 1, Soybean oil (Million lbs) 1,464 2, Soybean meal (Thousand s.t.) 9,741 9, Cotton (Million bales) Meat (Million lbs) Beef 2,455 2, Pork 5,384 5, Broilers 7,281 7, Turkey Mature Chickens Total meat 16,021 15,

20 Price Summary 2012/13 estimate last month Percent Percent Crops and products Wheat ($/bu) Rice ($/cwt) Corn ($/bu) Soybeans ($/bu) Soybean oil ( /lb) Soybean meal ($/s.t.) Cotton ( /lb) Livestock Steers ($/cwt) Hogs ($/cwt) Broilers ( /lb) Turkeys ( /lb) Dairy products Cheese Butter Nonfat dry milk Dry whey Milk classes Class III ($/cwt) Class IV ($/cwt) All milk ($/cwt)