U.S. Corn Use and Ending Stocks
- Domestic livestock feed use has shown a decline since MY07/08, driven in part by tight corn supplies and record corn prices, accompanied by declining meat demand in the U.S.
- U. S. corn use for food, seed and other non-alcohol industrial use has remained fairly constant since MY07/08.
- The growth in use for ethanol production, driven by the Renewable Fuels Standard, has supported overall domestic use of corn.
- Exports declined substantially after MY07/08. U.S. exports have been hampered by high corn prices due to strong domestic demand and increased global competition.
- Ending stocks fell substantially in MY10/11 due to demand continuing to exceed supply.