OFFICE OF THE CHIEF ECONOMIST OCE Release Brenda Chapin 202-720-5447 bchapin@oce.usda.gov REVISIONS TO MILK SUPPLY AND USE AND BROILER STOCKS DATA IN USDA’S MAY 9 WASDE REPORT Washington, May 5, 2008 -The May 9 World Agricultural Supply and Demand Estimates (WASDE) report will reflect changes in the milk supply and use and broiler stocks data. U.S. commercial exports for dairy products on a fat-basis and skim solids-basis have been added to the table and subtracted from commercial use (table format follows). Commercial use will reflect domestic commercial use only. Commercial exports on a milk equivalent basis are added to the supply and use balances in recognition of the growing importance of commercial dairy product exports to the dairy sector. Broiler stocks data in the May WASDE will be adjusted to remove chicken paws, currently included in the stocks estimate, to maintain consistency with production and export data. Historical revisions to the milk and broiler meat supply and use tables back to 2004 and 2003, respectively, will be available at 8:45 a.m. on May 9 at: http://www.usda.gov/oce/commodity/wasde/revisions/historical.htm. The May 9th WASDE report will present 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 will be the first calendar- year 2009 projections of U.S. livestock, poultry, and dairy products. The WASDE report will be issued at 8:30 a.m. May 9 by the World Agricultural Outlook Board of USDA’s Office of the Chief Economist. For previous WASDE reports and information on how the report is prepared, visit: http:www.usda.gov/oce/commodity/wasde/. U.S. Milk Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected Commodity : 2006 : 2007 :-----------------:------------------ : : : Apr : May : Apr : May =============================================================================== : Billion pounds Milk : Production : NA NA NA NA NA NA Farm use : NA NA NA NA NA NA : Fat Basis Supply : Beg. commercial stocks : NA NA NA NA NA NA Marketings : NA NA NA NA NA NA Imports : NA NA NA NA NA NA Total cml. supply : NA NA NA NA NA NA : Fat Basis Use : Commercial exports NA NA NA NA NA NA Ending commercial stks : NA NA NA NA NA NA CCC net removals 1/ : NA NA NA NA NA NA Commercial use : NA NA NA NA NA NA : Skim-solids Basis Supply : Beg. commercial stocks : NA NA NA NA NA NA Marketings : NA NA NA NA NA NA Imports : NA NA NA NA NA NA Total cml. supply : NA NA NA NA NA NA : Skim-solids Basis Use : Commercial exports NA NA NA NA NA NA Ending commercial stks : NA NA NA NA NA NA CCC net removals 1/ : NA NA NA NA NA NA Commercial use : NA NA NA NA NA NA : : Million pounds CCC product net removals : Butter : NA NA NA NA NA NA Cheese : NA NA NA NA NA NA Nonfat dry milk : NA NA NA NA NA NA Dry whole milk : NA NA NA NA NA NA =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. #