date:Mar 13, 2013
r complicates the formation of expectations. For any particular quarter, forecasts of consumption prior to the release of the stocks estimate is based on a combination of the implied rate of consumption in the previous quarter, the level of livestock production and inventories, and consideration of the use of other feed ingredients.
For the 2012-13 marketing year, the estimate of feed and residual use during the first quarter of the year may be overstated since large quantities of 2012 corn wer