According to the USDA Feed Outlook June Report:

  • Corn ending stocks for the 2022/23 and 2023/24 marketing years are raised this month, due to lower estimated corn exports for 2022/23.
  • The reduction in corn exports was partially offset by a reduction in corn imports during the current marketing year.
  • The projection of production and use for all feed grains during the 2023/24 marketing year remains unchanged.
  • Feed grain supply moves up slightly for 2023/24 to 444 million tons on higher beginning stocks.

Read the full report here.