September 1 Grain Stocks
On September 1, 2018, Indiana corn stocks totaled 126.1 million bushels, 5 percent below a year earlier. About 17 percent of the corn was stored on farms. The fourth quarter disappearance was 188.9 million bushels, compared with 167.3 million bushels a year earlier. Soybean stocks on September 1, 2018, were 22.0 million bushels. That was 4 percent higher than stocks a year earlier. The fourth quarter indicated disappearance was 52.9 million bushels, compared with 57.0 million bushels during the same period a year ago. Farm stocks of soybeans were 3.6 million bushels. Wheat stocks on September 1, 2018, were 41.0 million bushels, 6 percent below a year ago. Ninety-seven percent of all wheat stocks were in commercial storage. First quarter indicated disappearance was 4.1 million bushels, approximately 9 percent of supply.
July 1 Small Grains Forecast
Indiana winter wheat production was up 7 percent from last year. Wheat yield, at 71 bushels per acre, was down 3 bushels from last year. Producers harvested 260,000 acres, up 20,000 acres from last year.
Winter wheat harvest progressed rapidly due to dry and hot conditions during harvest. Harvest concluded slightly ahead of schedule before significant rainfall returned to the State. Yield potential was reduced due to abnormally dry conditions during the growing season.
U.S. all wheat production totaled 1.88 billion bushels in 2018, up 8 percent from the revised 2017 total of 1.74 billion bushels. Area harvested for grain totaled 39.6 million acres, up 5 percent from the previous year. The United States yield was estimated at 47.6 bushels per acre, up 1.3 bushels from the previous year. The levels of production and changes from 2017 by type were: winter wheat, 1.18 billion bushels, down 7 percent; other spring wheat, 623 million bushels, up 50 percent; and Durum wheat, 77.3 million bushels, up 41 percent.
August Milk Production
Dairy herds in Indiana produced 348 million pounds of
milk during August, down 0.6 percent from a year ago. The
daily rate per cow was 60.6 pounds, up 0.3 pounds from
August 2017. The dairy herd was estimated at 185,000 head
for August, down 2,000 head from a year earlier. The
average price of milk sold in August by Indiana dairy
producers was $15.20 per cwt., $2.70 less than the price in
Indiana October Crop Production
Indiana farmers anticipate record corn and soybean yields in
2018. The October Crop Production Report is based on
conditions as of October 1, 2018. Some highlights of the report
are as follows:
- Indiana corn yield is expected to be 194 bushels per acre, 14 bushels higher than last year’s yield. If realized, this will be
a new record high yield. Total production is expected to be
1.003 billion bushels, up 7 percent from 2017.
- Indiana soybean production is expected to total 356 million
bushels, up 11 percent from a year earlier. The yield is
forecast at 60 bushels per acre, up 6 bushels from 2017. If
realized, this will be a record high yield.
- Indiana’s alfalfa hay yield is forecast at 3.60 tons per acre,
up 0.3 tons from last year.
- Indiana’s other hay yield is forecast at 2.10 tons per acre,
down 0.3 tons from last year.
Nationally, corn production is forecast at 14.8 billion
bushels, down slightly from the September forecast but up 1
percent from last year. Based on conditions as of October 1,
yields are expected to average 180.7 bushels per acre, down
0.6 bushel from the September forecast but up 4.1 bushels from
2017. If realized, this will be the highest yield and second
highest production on record for the United States. Area
harvested for grain is forecast at 81.8 million acres, down
slightly from the previous estimate and down 1 percent from
2017. Acreage updates were made in several States based on a
thorough review of all available data.
U.S. soybean production is forecast at a record 4.69 billion
bushels, down slightly from September but up 6 percent from
last year. Based on October 1 conditions, yields are expected
to average a record 53.1 bushels per acre, up 0.3 bushel from
last month and up 3.8 bushels from last year. Area for harvest
in the United States is forecast at 88.3 million acres, down 1
percent from September and down 1 percent from 2017.
Acreage updates were made in several States based on a
thorough review of all available data.
All layers in Indiana totaled 32.7 million during August,
slightly down from a year ago. Egg production totaled 792
million eggs, down 2 percent from last year. The rate of lay
during August was 2,423 eggs per 100 layers. All layers in
the U.S. totaled 385.1 million during August, up 3 percent
from a year ago. There were 24.0 million turkey poults
hatched in the U.S. in August, down 3 percent from the
August Agricultural Prices
Prices received by Indiana farmers for the full month of
August 2018 are listed in the table below. Some Indiana
highlights were: August corn, at $3.54 per bushel, decreased
$0.06 from July and decreased $0.10 from last year; August
soybeans, at $8.85 per bushel, decreased $0.09 from last month
and decreased $0.62 from last year; August wheat, at $5.25 per
bushel, increased $0.42 from July and increased $0.69 from
last year; August milk, at $15.20 per cwt., increased $0.50
from last month, but decreased $2.70 from last year.
September Hogs and Pigs
Indiana’s total hog and pig inventory on September 1 was
estimated at 4.2 million head, up 100,000 head from a year ago.
Breeding hog inventory, at 250,000 head, was down 10,000
head from last September. Market hog inventory, at 3,950,000
head, was up 3 percent from last year. The average pigs saved
per litter for the June to August quarter was 10.50, up 0.15
from the same period last year.
United States inventory of all hogs and pigs on September 1,
2018 was 75.5 million head. This was up 3 percent from
September 1, 2017, and up 3 percent from June 1, 2018.
Source: USDA NASS Great Lakes Region