FEED OUTLOOK March 12, 2001 March 2001 FDS-0301 Approved by the World Agricultural Outlook Board ------------------------------------------------------------------------------- The Economic Research Service, U.S. Department of Agriculture, Washington, DC 20036-5831, issues FEED OUTLOOK 11 times a year. Electronic release only, no published copies are available. FEED OUTLOOK is supplemented by an annual FEED YEARBOOK. The yearbook summary for 2001 will be released on April 25, 2001. Yearbooks are available in print from USDA Order Desk. For the 2001 issue, call 1-800-999-6779 (703-605-6220) and ask for stock #ERS-FDS-2001, $21. -------------------------------------------------------------------------------- HIGHLIGHTS o Corn Exports Lowered from Last Month o Oats Imports Raised from Last Month o U.S. Corn Export Forecast Down 1.5 Million Tons This Month o Forecast 2000/01 Global Coarse Grain Production and Consumption Down FEED GRAIN ENDING STOCKS INCREASED FROM LAST MONTH U.S. feed grain ending stocks in 2000/01 are forecast at 54 million metric tons, up 2 percent from a month ago and up 11 percent from 1999/2000. A forecast decrease in exports of corn, combined with a small increase in oats imports this month caused this change. Total feed grain supply is projected at 325.7 million tons, up fractionally from last month and up 3 percent from 1999/2000. Total use is down from last month but up 1 percent from last year. FEED AND RESIDUAL USE UP FROM LAST YEAR On a September-August marketing year basis, feed and residual use for the four feed grains plus wheat in 2000/01 is unchanged from last month but down 1 percent from last year. The projected index of grain consuming animal units (GCAUs) for 2000/01 is 90 million units, up from 89 million in 1999/2000. Feed and residual used per GCAU in 2000/01 is forecast at 1.82 tons, down 3 percent from 1999/2000. In the index components, GCAUs for dairy, beef, hogs, and poultry are up. In calendar 2001, beef production is estimated at 25.6 billion pounds, down 130 million from last months forecast, and down 4 percent from 2000. With estimated beef production down, feed use by the beef sector could be weaker. Production of broilers, turkeys, and eggs in 2001 is expected to increase from anticipated 2000 levels and maintain strong demand for feed grains. Broiler production is expected to rise 2 percent. Turkey producers are expected to increase production 4 percent. Egg producers are expected to produce 7.08 billion dozen eggs, up 1 percent from 2000. Pork production in 2001 is expected to increase 2 percent from last year, and is up 50 million pounds from last months estimate. With increased production, feed needs by the pork sector are likely to be stronger in 2000/01. Milk production in 2001 is expected to total 167.5 billion pounds, down 1 billion from last month and 0.2 billion from 2000. Thus, with decreased milk production, feed use by the dairy industry could be weaker. CORN EXPORT ESTIMATES DECREASED THIS MONTH Total supples of corn in 2000/01 are forecast at 11,676 million bushels, unchanged from last month and up 4 percent from last year. Total use is down 50 million bushels from last month at 9.8 billion bushels, but up 3 percent from last year. Total use declined because of a decline in expected exports. Exports were lowered 50 million bushels this month because of increased competition from Argentina. OATS IMPORTS INCREASE THIS MONTH Oats imports are forecast up 5 million bushels from last month, and up 6 million from last year. Total supply is now estimated at 330 million bushels, up 2 percent from last month, and up 1 percent from last year. Total use is unchanged from last month, with the additional supply boosting ending stocks. Ending stocks in 2000/01 are expected to be up 12 percent from 1999/2000. PRICE RANGE NARROWED FOR BARLEY The projected price range for corn is unchanged this month at $1.70-1.90 per bushel. The sorghum price forecast was also unchanged this month at $1.65-1.85 per bushel. Sorghum prices to date have averaged 98 percent of the corn price. The all-barley price forecast was narrowed this month to $2.10- 2.20 per bushel. In June 2000-February 2001, the simple average of barley farm prices was $2.12 per bushel, up from $2.07 in the same period a year earlier. Malting barleys premium over feed barley has remained wide, averaging 77 cents so far, compared with 82 cents for the same period a year earlier, and the 10-year weighted average of 50 cents. The oats price forecast was unchanged this month at $1.05-1.15 per bushel. Farm prices for oats in June 2000-February 2001 averaged $1.12, down from $1.13 for the same period in 1999/01. LDPs SUPPORT FEED GRAIN FARMERS' INCOME The 1996 Farm Act contained key policy tools to assist farmers when market prices are low. The key provisions are the nonrecourse marketing assistance loans and loan deficiency payments (LDPs). Producers that entered into Production Flexibility Contracts with the U.S. Department of Agriculture (USDA) are eligible to participate in these programs. As of March 7, 2001, feed grain producers had outstanding loans on 1,307 million bushels of corn, 14.7 million of sorghum, 15.5 million bushels of barley, and 1.7 million of oats. Total corn loans repaid for the 2000 crop were 351 million bushels, with a market gain value of $83 million or 24 cents per bushel. For sorghum, 7.8 million bushels had been repaid, with a market gain of $1.6 million or 30 cents per bushel. Total barley loans repaid was 9 million bushels, with a market gain of $1.3 million or 23 cents per bushel. For oats, 623,570 bushels had been repaid for a market gain of $186,730 or 30 cents per bushel. As of March 7, 2001, producers collected $2,245 million in LDPs covering 7,656 million bushels of 2000-crop corn or about 77 percent of the 2000 crop harvested as grain. (LDPs are also paid on the grain equivalent of crops made into silage or hay.) The average payment rate was 29 cents per bushel. Sorghum producers have collected $80 million in LDPs on their 2000 crop, covering 283 million bushels or 60 percent of the crop. The average payment rate was 28 cents per bushel. For barley, producers have collected $66 million in LDPs covering 240 million bushels or about 76 percent of the crop. The average payment rate was 28 cents per bushel. Oats producers have collected $43 million in LDPs covering 145 million bushels or about 97 percent of the 2000 crop. The average payment rate was 29 cents per bushel. U.S. CORN EXPORT FORECAST DOWN 1.5 MILLION TONS THIS MONTH The 2000/01 U.S. corn export forecast was reduced because some importers, especially Japan, are expected to minimize purchases of varieties of corn not approved for some, or all, uses. These buyers have reportedly been willing to pay a premium for non-U.S. origin corn. The premiums have encouraged competitors to export more corn during October/September 2000/01 than previously expected. Argentinas October/September 2000/01 export forecast increased this month from 10.7 million tons to 12.0 million. Argentinas production forecast for the crop to be harvested starting in late March was unchanged. The increase in Argentinas corn exports is the result of reduced domestic use. Export shipments from October 2000 through February 2001 were larger than expected before the season began, and indicate that the Government of Argentina is underestimating the size of last years crop. Moreover, the early-season pace of sales of new-crop corn has been torrid, making it likely that new-crop shipments will be front loaded, occurring more in March-September 2001 than later. This boosts 2000/01 October/September exports. Part of the reason for strong export demand for Argentinas corn has been buying from Asia, particularly Japan. Brazil is harvesting a record corn crop and prices have fallen, making exports viable. Significant sales to the European Union (EU) have occurred even though it is not certain that Brazils corn is GMO free. Sales to Japan have also been reported. Moreover, this year, with such a large corn crop, Brazil is expected to import much less corn from Argentina in coming months, facilitating a larger movement of Argentinas corn to Japan. Brazils corn import forecast for October/September 2000/01 is 0.5 million tons, down 0.3 million this month, and much below 1.8 million imported in 1999/2000. Exports are forecast at 0.8 million tons, up 0.3 million this month. Japan has also aggressively bought corn for food processing from South Africa. South Africas production prospects for the crop to be harvested starting in May have deteriorated by 0.5 million tons this month, to 7.5 million. However, projected October/September 2000/01 corn exports have only declined from 1.3 million to 1.1 million because most of the supplies are from last years large crop. Also, large price premiums paid by Japan have encouraged exports. FORECAST 2000/01 GLOBAL COARSE GRAIN PRODUCTION AND CONSUMPTION DOWN The world coarse grain production forecast is 856 million tons, down 3.5 million tons this month. The largest drop was for India, down over 1.0 million tons because much less area was planted to coarse grains. Instead of increasing slightly as previously forecast, area was reported down by over 1.0 million hectares because farmers are turning to more profitable crops instead of growing millet for subsistence. Mexicos forecast production dropped 0.7 million tons this month because of lower yields reported for corn and sorghum. Prospects for Australias sorghum deteriorated by 0.6 million tons this month, with area reported down instead of increasing slightly as previously forecast. Dry conditions not only drops expected area but also reduces yield prospects. Not as much sorghum as expected was planted on wheat land not harvested because of flooding. Below normal rainfall in parts of South Africas maize triangle contributed to a 0.5- million ton drop in corn prospects. Nigerias corn production forecast dropped 1.0 million tons this month, but this was partly offset by increased sorghum production prospects of 0.6 million. Small declines in coarse grain production were also made this month for China, the EU, and former Soviet Union. Projected global coarse grain consumption declined 4.4 million tons this month, more than the drop in production. Argentinas coarse grain consumption forecast dropped 1.2 million tons because strong export sales and shipments indicate domestic consumption is less than previously expected. Coarse grain consumption prospects dropped in India, Nigeria, and China because of reduced production. Barley consumption expected in Saudi Arabia declined in response to lower livestock numbers as sheep are slaughtered because of Rift Valley Disease. This caused a decline in Saudi Arabias forecast barley imports. The slow pace of EU export licenses reduced the barley export forecast 0.5 million tons this month. Forecast 2000/01 world coarse grain ending stocks increased this month to 143 million tons because projected consumption dropped more than production. However, ending stocks are still down 13 percent compared with beginning stocks. Moreover, forecast foreign coarse grain stocks declined this month, and foreign ending stocks in 2000/01 are projected down 23 percent. ***************************************************************** Information Contacts: Allen Baker (202) 694-5290 International: Edward Allen (202) 694-5288 The next Feed Outlook will be released May 14, 2001. ***************************************************************** Table 1--Feed Grains: Marketing year supply and disappearance 1/ ------------------------------------------------------------------------------ Year/ Beg. Produc- Im- Supply FSI Feed & Ex- Total End. Farm Qtr. stocks tion ports resid. ports disp. stks. price ------------------------------------------------------------------------------ CORN ------------------------Million bushels--------------------- $/bu 1998/99 Sep-Nov 1,308 9,759 4 11,071 450 2,118 450 3,019 8,052 1.90 Dec-Feb 8,052 --- 6 8,058 434 1,460 465 2,359 5,698 2.04 Mar-May 5,698 --- 7 5,706 495 1,097 497 2,089 3,616 2.04 Jun-Aug 3,616 --- 2 3,618 468 795 568 1,831 1,787 1.80 Mkt. yr.1,308 9,759 19 11,085 1,846 5,471 1,981 9,298 1,787 1.94 1999/00 Sep-Nov 1,787 9,431 4 11,221 459 2,189 534 3,182 8,039 1.71 Dec-Feb 8,039 --- 3 8,043 447 1,526 468 2,441 5,602 1.91 Mar-May 5,602 --- 6 5,607 512 1,059 451 2,021 3,586 2.05 Jun-Aug 3,586 --- 2 3,588 496 890 485 1,871 1,718 1.68 Mkt. yr.1,787 9,431 15 11,232 1,913 5,664 1,937 9,515 1,718 1.82 2000/01 Sep-Nov 1,718 9,968 1 11,687 468 2,196 506 3,170 8,518 1.76 Mkt. yr.1,718 9,968 10 11,696 1,980 5,775 2,000 9,755 1,941 1.70-1.90 SORGHUM 1998/99 Sep-Nov 49 520 0 569 15 178 41 234 335 1.65 Dec-Feb 335 --- 0 335 15 34 64 113 222 1.69 Mar-May 222 --- 0 222 10 45 51 106 116 1.73 Jun-Aug 116 --- 0 116 6 5 41 51 65 1.59 Mkt. yr. 49 520 0 569 45 262 197 504 65 1.66 1999/00 Sep-Nov 65 595 0 660 18 228 65 311 349 1.45 Dec-Feb 349 --- 0 349 18 29 77 124 226 1.58 Mar-May 226 --- 0 226 13 22 64 99 127 1.83 Jun-Aug 127 --- 0 127 6 6 50 62 65 1.63 Mkt. yr. 65 595 0 660 55 284 256 595 65 1.57 2000/01 Sep-Nov 65 470 0 535 16 193 64 274 262 1.72 Mkt. yr. 65 470 0 535 50 240 200 490 45 1.65-1.85 BARLEY 1998/99 Jun-Aug 119 352 7 479 44 101 8 152 326 2.04 Sep-Nov 326 --- 7 333 39 16 8 63 271 1.99 Dec-Feb 271 --- 6 277 37 32 7 76 201 1.94 Mar-May 201 --- 9 210 51 12 5 68 142 1.90 Mkt. yr. 119 352 30 501 170 161 28 360 142 1.98 1999/00 Jun-Aug 142 280 6 428 44 79 9 132 295 2.18 Sep-Nov 295 --- 5 300 39 24 10 73 228 2.04 Dec-Feb 228 --- 9 237 37 23 7 67 170 2.14 Mar-May 170 --- 7 178 52 10 4 66 111 2.19 Mkt. yr. 142 280 28 450 172 136 30 338 111 2.13 2000/01 Jun-Aug 111 318 7 436 44 90 8 142 294 2.35 Sep-Nov 294 --- 5 299 39 6 25 70 229 1.92 Mkt. yr. 111 318 25 454 172 120 55 347 107 2.10-2.20 OATS 1998/99 Jun-Aug 74 166 28 268 17 89 0.5 106 162 1.15 Sep-Nov 162 --- 36 198 16 38 0.4 54 143 1.08 Dec-Feb 143 --- 22 166 14 38 0.5 53 113 1.20 Mar-May 113 --- 22 134 22 31 0.3 53 81 1.23 Mkt. yr. 74 166 108 348 69 196 1.7 266 81 1.10 1999/00 Jun-Aug 81 146 22 249 17 84 0.6 101 148 1.05 Sep-Nov 148 --- 34 182 16 32 0.3 49 134 1.08 Dec-Feb 134 --- 23 157 14 40 0.2 55 102 1.22 Mar-May 102 --- 20 122 21 24 0.7 46 76 1.31 Mkt. yr. 81 146 99 326 68 180 1.8 250 76 1.12 2000/01 Jun-Aug 76 149 21 246 17 79 0.4 96 150 1.02 Sep-Nov 150 --- 37 187 16 26 0.5 43 144 1.04 Mkt. yr. 76 149 105 330 68 175 2.0 245 85 1.05-1.15 ------------------------------------------------------------------------------ Totals may not add due to rounding. 1/ Corn and sorghum are on a September 1 to August 31 marketing year. Barley and oats are on a June 1 to May 31 marketing year. Table 2--Feed and residual use of wheat and coarse grains ------------------------------------------------------------------------------ Year Feed Total Animal Feed/ Beginning Corn Sorg. Barley Oats Grains Wheat grains Units animal September 1 unit ------------------------------------------------------------------------------ ------------ Million metric tons --------------- Mil. Tons 1998/99 Sep-Nov 53.8 4.5 0.3 0.6 59.3 -2.0 57.3 Dec-Feb 37.1 0.9 0.7 0.6 39.3 0.3 39.6 Mar-May 27.9 1.2 0.3 0.5 29.8 0.9 30.7 Jun-Aug 20.2 0.1 1.7 1.3 23.3 7.3 30.7 Mkt. yr. 139.0 6.7 3.0 3.0 151.7 6.5 158.2 88.1 1.80 1999/00 Sep-Nov 55.6 5.8 0.5 0.6 62.5 -0.2 62.3 Dec-Feb 38.8 0.7 0.5 0.6 40.6 0.8 41.5 Mar-May 26.9 0.6 0.2 0.4 28.1 -0.2 27.8 Jun-Aug 22.6 0.1 2.0 1.2 25.9 8.6 34.5 Mkt. yr. 143.9 7.2 3.2 2.8 157.1 9.0 166.1 89.0 1.87 2000/01 Sep-Nov 55.8 4.9 0.1 0.6 61.5 -0.5 61.0 Mkt. yr. 146.7 6.1 2.3 1.5 156.6 7.7 164.3 90.1 1.82 ------------------------------------------------------------------------------ Table 3--Cash feed grain prices ------------------------------------------------------------------------------ Corn, Corn, Sorghum, Sorghum, Barley, Barley, Oats, No. 2, No. 2, No. 2, Yel No. 2, No. 2, No. 3 or No. 2, Yel, Yel, Texas Yel, feed, better, Heavy Ctrl. Gulf South Gulf Duluth Malting, white, IL ports Panhandle ports Minn. Minn. 1/ 1/ 1/ 1/ 2/ 2/ 2/ ------------------------------------------------------------------------------ Mkt. yr. $/bu $/bu $/cwt $/cwt $/bu $/bu $/bu 97/98 2.45 2.78 4.72 4.76 1.90 2.50 1.70 98/99 1.97 2.35 3.78 3.97 1.23 2.30 1.34 99/00 3/ 1.86 2.23 3.36 3.79 NQ NQ 1.26 Monthly: 1999: Oct 1.72 2.17 3.30 3.55 NQ NQ 1.20 Nov 1.82 2.17 3.33 3.59 NQ NQ 1.20 Dec 1.84 2.21 3.36 3.66 NQ NQ 1.28 Jan 1.95 2.36 3.54 4.01 NQ NQ 1.21 2000: Oct 1.81 2.15 3.95 4.06 1.30 2.24 NQ Nov 1.96 2.26 4.03 4.36 1.42 2.39 NQ Dec 2.01 2.45 3.55 4.54 1.50 2.45 NQ Jan 3/ 1.99 2.40 4.08 4.55 1.54 NQ NQ ------------------------------------------------------------------------------ 1/ Marketing year beginning September 1. 2/ Marketing year beginning June 1. 3/ Preliminary. NQ = No quote. Table 4--Selected feed and feed by-product prices ------------------------------------------------------------------------------ Soybean Cotton- Corn Corn Meat & Dists.' Wheat Alfalfa meal seed gluten gluten bone dried midlgs, farm 44% slv. meal, feed, meal, meal, grains, Kansas price Decatur, 41% slv. IL IL Central Lawrence- City IL Memphis pts. pts. U.S. burg, IN 1/ 1/ 1/ 1/ 1/ 1/ 1/ 2/ ------------------------------------------------------------------------------ ------------------------------$/ton----------------------------------- Mkt. yr. 97/98 186.55 150.40 69.65 290.45 192.56 109.76 76.30 107.00 98/99 130.56 109.86 59.87 234.76 137.32 84.87 54.74 88.10 99/00 158.15 124.00 52.89 237.31 163.13 82.93 53.13 80.20 Monthly: 1999: Oct 147.19 111.83 58.38 265.00 150.17 88.00 54.83 79.40 Nov 148.10 112.00 62.80 250.00 159.72 88.00 52.90 77.00 Dec 145.40 124.20 59.00 234.40 156.70 88.00 62.80 74.10 Jan 154.96 126.88 55.50 238.75 156.89 85.00 56.13 76.00 2000: Oct 166.02 150.00 51.00 247.00 182.05 73.00 52.35 89.70 Nov 173.67 142.50 57.75 263.75 211.14 73.00 57.12 90.40 Dec 187.90 160.83 66.00 273.13 226.64 77.00 81.50 91.00 Jan 3/ 175.59 184.00 73.40 305.00 200.80 101.80 96.07 91.30 ------------------------------------------------------------------------------ 1/ Marketing year beginning September 1. 2/ Marketing year beginning May 1. 3/ Preliminary. NQ=No quote. Table 5--Corn: Food, and industrial uses ------------------------------------------------------------------------------ Glucose ---Alcohol--- Cereals and Bev. & other Total Year HFCS dex. Starch Fuel & Mfg products F&I ------------------------------------------------------------------------------ Million bushels 1998/99 Sep-Nov 123.1 56.6 60.8 132.4 31.1 45.9 449.9 Dec-Feb 116.6 48.7 57.6 132.9 32.6 45.4 433.8 Mar-May 140.5 56.2 60.1 138.8 34.1 46.4 476.0 Jun-Aug 150.2 57.7 61.2 121.8 29.4 46.4 466.7 Mkt year 530.5 219.1 239.8 525.8 127.1 184.2 1,826.4 1999/00 Sep-Nov 129.3 56.7 63.6 131.7 31.8 46.0 459.2 Dec-Feb 119.4 49.6 60.0 138.3 33.3 46.0 446.6 Mar-May 141.7 57.1 63.7 147.9 34.9 46.5 491.9 Jun-Aug 149.2 58.4 63.8 147.8 29.7 46.5 495.4 Mkt year 539.5 221.9 251.1 565.8 129.7 185.0 1,893.0 2000/01 Sep-Nov 126.0 56.2 63.4 142.9 31.8 47.2 467.5 Mkt year 550.0 220.0 255.0 615.0 130.0 190.0 1,960.0 ------------------------------------------------------------------------------ Table 6--Wholesale corn milling product and by-product prices ------------------------------------------------------------------------------ Corn meal, Brewers' Sugar, HFCS, 42% Corn starch, yellow, grits, destrose, tank cars, fob Midwest New York Chicago Midwest Midwest 3/ ------------------------------------------------------------------------------ $/cwt $/cwt cents/lb cents/lb $/cwt Mkt. yr. 1/ 97/98 15.94 11.85 28.08 7.77 13.55 98/99 15.06 11.00 24.24 8.04 12.28 99/00 2/ 15.05 10.91 16.38 9.18 12.39 Monthly 1999: Nov 14.42 10.32 16.38 9.25 11.65 Dec 14.57 10.47 16.38 9.25 11.83 Jan 15.12 11.02 16.38 9.25 11.98 Feb 15.17 11.07 16.38 9.25 12.40 2000: Nov 16.12 12.02 16.88 10.25 12.43 Dec 16.13 12.03 16.88 10.65 12.88 Jan 16.00 11.90 16.88 11.40 12.79 Feb 2/ 15.76 11.66 16.88 11.40 12.73 ------------------------------------------------------------------------------ 1/ Marketing year beginning September 1. 2/ Preliminary. 3/ Bulk-industrial, unmodified. Table 7--U.S. imports by country of origin ------------------------------------------------------------------------------ Country/region ------1998/99--- ------1999/2000---- 2000/2001 Mkt. yr. June-Dec. Mkt. yr. June-Dec. June-Dec. ------------------------------------------------------------------------------ OATS --------------------Thousand tons--------------------- Canada 1,142 838 1,287 832 1,002 Finland 216 130 125 75 0 Sweden 443 288 276 174 107 Total 1/ 1,856 1,257 1,703 1,081 1,109 BARLEY, MALTING Canada 567 308 543 338 305 Total 1/ 567 308 543 338 305 BARLEY, OTHER 2/ Canada 81 67 60 18 29 Total 1/ 81 67 60 18 29 ------------------------------------------------------------------------------ 1/ Totals may not add due to rounding. 2/ Mainly consists of barley for feeding, and also includes seed barley. Source: Bureau of the Census Table 8--U.S. feed grain exports by selected destinations 1/ ------------------------------------------------------------------------------ Country/region ------1998/99--- ------1999/2000---- 2000/2001 Mkt. yr. Sept.-Dec. Mkt. yr. Sept.-Dec. Sept.-Dec. ------------------------------------------------------------------------------ CORN Japan 15,224 4,946 15,149 5,053 4,778 Taiwan 4,365 1,467 5,036 1,833 1,514 Mexico 5,387 1,971 4,832 1,636 1,998 Egypt 3,586 961 3,790 1,385 1,375 S. Korea 6,462 1,853 3,134 1,550 709 Colombia 1,512 501 1,782 574 504 Saudi Arabia 1,182 449 1,164 441 401 Venezuela 1,288 478 1,073 299 390 Algeria 955 367 1,042 332 477 Dominican Republic 777 185 1,003 300 264 Canada 867 301 982 403 907 Turkey 692 65 874 101 131 Israel 399 80 695 241 323 Iran 0 0 611 551 144 Morocco 599 183 604 142 219 Syria 354 65 603 172 185 Chile 486 248 542 324 33 Tunisia 441 110 519 212 197 Sub-Saharan Africa 441 75 511 291 63 Former USSR 405 0 491 83 85 Peru 674 262 458 270 67 EU 192 185 141 78 6 China 259 154 58 58 0 East Europe 12 0 35 35 0 Others 3,667 1,287 3,967 1,379 1,661 Total 50,228 16,195 49,098 17,741 16,431 SORGHUM Mexico 3,103 785 4,824 1,709 1,603 Japan 1,362 561 1,123 490 378 EU 197 0 181 0 0 Others 237 59 239 97 125 Total 4,899 1,405 6,366 2,297 2,106 ---------------------------------------------------------- ------1998/99--- ------1999/2000---- 2000/2001 Mkt. yr. June-Dec. Mkt. yr. June-Dec. June-Dec. BARLEY ---------------------------------------------------------- Japan 443 278 391 308 172 Mexico 94 58 104 74 82 Jordan 0 0 50 0 0 Saudi Arabia 0 0 0 0 305 Taiwan 0 0 5 5 57 Other 79 45 107 72 244 Total 615 381 657 459 861 ------------------------------------------------------------------------------ 1/ Totals may not add due to rounding. Source: Bureau of the Census Introduced in January: A re-designed and re-engineered ERS website provides you with accurate, timely, comprehensive, easy- to-find economic analysis on issues related to agriculture, food, the environment, and rural development. The website includes 16 commodity Briefing Rooms, 12 country Briefing Rooms, and a host of issue-oriented Briefing Rooms covering issues ranging from analysis of the World Trade Organization (WTO) to topics such as risk management, farm structure, and conservation and environmental policies. 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