October 2024 USDA Feed Outlook reports possible record U.S. corn supply

The October Feed Outlook report shows this month’s 2024-25 U.S. coarse grains outlook is for reduced supplies, despite an increase in output. Although sorghum supplies are raised on higher production and beginning stocks, lower corn carry-in for 2024-25 more than offsets these gains – including a corn production bump. A decrease in 2024-25 barley yields slightly reduces output, placing further downward pressure on U.S. coarse grains supplies. Total coarse grains use is raised slightly this month, as an increase in corn use – reflecting greater exports – and oats use is offset by a reduction in barley use (feed and residual). World 2024-25 coarse grains production is projected lower this month. A reduced foreign coarse grains output projection outpaces gains in U.S. coarse grains output, as lower corn and barley outputs are slightly offset by increases in sorghum and oats. 2023-24 foreign corn trade (international trade year) is forecast lower and elevates the 2024-25 foreign ...