ne-agri-facts NEBRASKA AGRI-FACTS Issue 11/2005 Released: 06/02/2005 by USDA, National Agricultural Statistics Service Mark Harris, Director Dean C. Groskurth, Deputy Director ------------------------------------------------------------------------ P.O Box 81069 Location: 298 Federal Bldg Lincoln, NE 68501 Phone: (402) 437-5541 e-mail: nass-ne@nass.usda.gov Internet: http://www.nass.usda.gov/ne/ ------------------------------------------------------------------------ Dear Producers and Data Users: Information contained herein is the result of mail, phone and personal interview surveys conducted during the past few weeks. Special recognition and appreciation are extended to all producers and agribusinesses who provided data making these reports possible. Mark Harris Director For the PDF version of this report, go to the following address: http://www.nass.usda.gov/ne/agrifact/agf0511.pdf ------------------------------------------------------------------------ Prices Received By Farmers The preliminary United States All Farm Products Index of Prices Received in May, at 122, based on 1990-92=100, is unchanged from April. Producers received higher commodity prices for hogs, strawberries, hay, and potatoes. Lower prices were received for lettuce, broccoli, asparagus, and dairy. The overall index is also affected by the 3-year average seasonal change in the mix of commodities producers sell. Increased average marketings of cantaloupes, sweet corn, grapes, and broilers offset decreased marketings of cattle, dairy, calves, and asparagus. The preliminary All Farm Products Index is down 7 points (5.4 percent) from May 2004. Prices Received: By Commodity, Nebraska and United States, Preliminary May 2005 with Comparisons Nebraska United States May April May 15, May April May 15, % of Parity Commodity Unit 2004 1/ 2005 1/ 2005 2004 1/ 2005 1/ 2005 Parity Price 2/ ----------------------------------------------------------------------------------------------- ------- Dollars ------- ----- Dollars -------- -%- -Dollars- Wheat, All Bushel 3.73 3.18 3.05 3.82 3.35 3.28 32 10.30 Corn Bushel 2.80 1.92 1.90 2.87 2.00 1.92 28 6.91 Oats Bushel 3/ 1.91 1.80 1.70 1.65 1.58 39 4.10 Grain Sorghum Cwt 4.71 2.99 3.00 4.82 2.96 2.86 25 11.30 Soybeans Bushel 9.72 5.97 6.05 9.56 6.03 6.09 36 16.70 Hay, All, Baled Ton 48.00 48.00 48.00 101.00 96.90 107.00 Alfalfa, Baled Ton 48.00 48.00 48.00 109.00 103.00 116.00 Other, Baled Ton 44.00 47.00 46.00 78.30 75.40 76.10 Dry Edible Beans Cwt 17.30 23.80 23.00 19.90 28.80 25.50 49 52.40 Hogs Cwt 56.90 52.40 57.30 56.60 51.20 55.40 50 111.00 Barrows & Gilts Cwt 57.20 52.60 57.60 57.30 51.50 56.10 Sows Cwt 44.20 40.40 40.40 43.50 41.70 41.70 Beef Cattle Cwt 91.20 97.40 94.30 88.50 94.00 92.90 52 179.00 Steers & Heifers Cwt 92.40 98.50 95.30 92.60 98.30 96.90 Cows Cwt 53.80 60.60 63.60 52.50 57.10 58.70 Calves Cwt 126.00 146.00 150.00 121.00 140.00 141.00 58 243.00 Sheep Cwt 36.20 39.00 36.00 44.40 87.70 Lambs Cwt 112.00 121.00 103.00 114.00 217.00 ----------------------------------------------------------------------------------------------- 1/ Entire month average except hay. 2/ Parity price based on data for May 2005. 3/ Price not published to avoid disclosure of individual operations. Source: USDA NASS Agricultural Prices May 31, 2005 Meat Animals Production, Disposition, and Income -------------------------------------------------------------------------------------------------------------- Cattle and Calves, Nebraska and United States, 2003-2004 Inventory, Supply, and Disposition 1/ : Production and Income Nebraska United States : Nebraska United States Item 2003 2004 2003 2004 : Item 2003 2004 2003 2004 -------------------------------------------------------------------------------------------------------------- Thousand Head : Inventory, : Production 4/ January 1 6,200.0 6,250.0 96,100.0 94,888.0 : Million lbs 4,401.4 4,392.3 42,243.7 41,501.3 Calf Crop 1,770.0 1,800.0 37,902.8 37,625.4 : Marketings 5/ Inshipments 4,090.0 4,000.0 22,405.1 21,396.7 : Million lbs 7,035.8 6,972.6 56,758.3 53,764.9 Marketings 2/ : Price per cwt. Cattle 5,568.0 5,453.0 47,686.1 44,808.2 : Cattle $ 83.80 88.70 79.70 85.90 Calves 85.0 85.0 9,612.8 9,065.3 : Calves $ 110.00 129.00 102.00 119.00 Farm slaughter 3/ 2.0 2.0 191.3 185.4 : Value of Production Deaths : Million $ 3,379.8 3,605.5 32,112.9 34,887.8 Cattle 85.0 85.0 1,710.1 1,710.8 : Cash Receipts 6/ Calves 70.0 75.0 2,319.6 2,292.4 : Million $ 5,904.0 6,196.9 45,092.3 47,295.6 Inventory, : Gross Income 7/ End of Year 6,250.0 6,350.0 94,888.0 95,848.0 : Million $ 5,914.4 6,208.3 45,476.6 47,723.4 -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- Production, Disposition, and Income: Hogs and Pigs, Nebraska and United States, 2003-2004 Inventory, Supply, and Disposition 1/ : Production and Income Nebraska United States : Nebraska United States Item 2003 2004 2003 2004 : Item 2003 2004 2003 2004 -------------------------------------------------------------------------------------------------------------- Thousand Head : Inventory, December 1 : Production 4/ Previous Year 3,000.0 2,900.0 59,554.2 60,443.7 : Million lbs 1,428.5 1,374.0 26,260.1 26,678.2 : Marketings 5/ Pig Crop (Dec - Nov) 6,515.0 6,204.0 101,490.3 102,457.5 : Million lbs 1,460.5 1,421.5 27,173.7 27,755.3 Inshipments 900.0 1,000.0 31,543.4 32,917.0 : Average Price : per cwt. $ 39.30 50.80 37.20 49.30 Marketings 2/ 7,264.0 7,008.0 124,382.8 127,598.5 : Value of Production Farm slaughter 3/ 1.0 1.0 116.0 113.7 : Million $ 8/ 584.2 716.6 9,663.0 13,071.7 Deaths 250.0 245.0 7,645.5 7,461.7 : Cash Receipts 6/ 8/ : Million $ 613.3 762.0 10,618.0 14,348.3 Inventory : Gross Income 7/ December 1 2,900.0 2,850.0 60,443.7 60,644.5 : Million $ 614.3 763.3 10,645.8 14,384.4 -------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------- Production, Disposition, and Income: Sheep and Lambs, Nebraska and United States, 2003-2004 Inventory, Supply, and Disposition 1/: Production and Income Nebraska United States : Nebraska Unites States Item 2003 2004 2003 2004 : Item 2003 2004 2003 2004 --------------------------------------------------------------------------------------------- Thousand Head : Inventory : Production 4/ January 1 9/ 97.0 102.0 6,321.0 6,105.0 : Million lbs 10.3 9.7 470.1 464.5 Lamb Crop 88.0 84.0 4,140.0 4,096.0 : Marketings 5/ Inshipments 52.0 47.0 1,558.1 1,494.6 : Million lbs 13.7 14.1 609.7 572.4 Marketings 2/ : Price per cwt. Sheep 21.0 27.0 827.9 695.0 : Sheep $ 33.20 37.60 34.90 38.80 Lambs 98.6 94.6 4,387.2 4,200.5 : Lambs $ 90.60 98.30 94.40 101.00 Farm slaughter 3/ 0.4 0.4 66.8 64.8 : Value of Production Deaths : Million $ 8.1 8.5 391.8 412.3 Sheep 4.0 4.0 238.4 215.3 : Cash Receipts 6/ Lambs 11.0 10.0 393.8 385.0 : Million $ 10.7 11.5 507.9 521.0 Inventory : Gross Income 7/ End of Year 9/ 102.0 97.0 6,105.0 6,135.0 : Million $ 10.8 11.7 518.6 532.5 --------------------------------------------------------------------------------------------- 1/ Balance sheet estimates. 2/ Includes custom slaughter for use on farms where produced and State outshipments, but excludes interfarm sales within the State. 3/ Excludes custom slaughter for farmers at commercial establishments. 4/ Adjustments made for changes in inventory and for inshipments. 5/ Excludes custom slaughter for use on farms where produced and interfarm sales within the State. 6/ Receipts from marketings and sale of farm slaughter. 7/ Difference between gross income and cash receipts equals value of home consumption. 8/ Includes allowance for higher average price of State inshipments and outshipments of feeder pigs. 9/ Includes new crop lambs. Source: USDA NASS Meat Animals Production, Disposition, and Income 2004 Summary, April 28, 2005 Poultry: Layers and Eggs, Nebraska and United States, April 2004 with Comparisons Item 2004 2005 2005/2004 ------------------------------------------------------------------------ Millions Percent Number of Layers Nebraska 11.7 12.0 102 United States 342.6 344.0 100 Table Eggs Produced Nebraska 259 263 102 United States 6,284 6,290 100 Chickens Hatched, April United States Egg-type 37.5 38.3 102 Broiler 774.6 789.8 102 Hatched thru April Egg-type 142.1 152.0 107 Broiler 3,068.9 3,132.9 102 ------------------------------------------------------------------------ Source: USDA NASS Chicken and Eggs, May 23, 2005 Livestock Slaughter: By Commodity, Nebraska and United States, April 2005 with Comparisons April 2005 Percent of Item Total 1/ April March 2004 2005 ------------------------------------------------------------------------ ---------Nebraska---------- 1,000 Head Cattle, head 541.9 94 91 Hogs, head 604.3 104 96 Red Meat, mil. lbs. 536.1 98 90 -------United States------- Cattle, head 2,560.1 95 94 Calves, head 61.6 87 91 Hogs, head 8,443.8 98 94 Sheep & Lambs, head 220.8 86 79 Red Meat, mil, lbs. 3,622.3 98 93 ------------------------------------------------------------------------ 1/ Excludes animals slaughtered on farms. Source: USDA NASS Livestock Slaughter, May 20, 2005 Farm Labor: Number and Wage Rates for Type of Workers and All Hired Workers, Selected Regions and United States, April 11-17, 2004 & April 10-16, 2005 1/ -------------------Wage Rates------------------------- --------------Type of work------------- Number All Hired Field & Workers Workers Field Livestock Livestock Region 2/ 2004 2005 2004 2005 2004 2005 2004 2005 2004 2005 --------------------------------------------------------------------------------------- Thousands Dollars per Hour Lake 57 55 10.10 9.95 9.20 8.99 9.95 10.05 9.60 9.45 Cornbelt I 44 41 9.74 9.51 9.04 8.84 8.87 9.17 9.00 8.91 Cornbelt II 28 27 9.48 9.38 9.04 8.85 9.03 9.27 9.04 9.06 Northern Plains 31 27 8.95 9.70 8.87 9.33 8.51 9.69 8.73 9.46 Southern Plains 46 55 8.13 9.28 7.50 8.13 7.93 9.15 7.62 8.53 Mountain I 24 24 8.57 8.43 8.14 7.89 8.41 8.49 8.31 8.23 Mountain II 26 20 9.84 8.50 9.66 7.70 8.83 8.41 9.29 8.02 United States 827 746 9.23 9.34 8.47 8.55 8.95 9.23 8.59 8.73 --------------------------------------------------------------------------------------- 1/ Excludes agricultural service workers. 2/ Regions consist of the following: Lake: Michigan, Minnesota, Wisconsin; Cornbelt I: Illinois, Indiana, Ohio; Cornbelt II: Iowa, Missouri; Northern Plains: Kansas, Nebraska, North Dakota, South Dakota; Southern Plains: Oklahoma, Texas; Mountain I: Idaho, Montana, Wyoming; Mountain II: Colorado, Nevada, Utah. Source: USDA NASS Farm Labor, May 20, 2005 All Hired Workers: Wage Rates, by Economic Class of Farm by Region and 48 States, April 10-15, 2004 1/ Region 2/ Less than $50,000- $100,000- $250,000- $500,000- 1,000,000+ All $50,000 $99,999 $249,999 $499,999 $999,999 Farms ----------------------------------------------------------------------------------------- Dollars per Hour Northeast 9.41 9.10 8.04 8.85 9.54 10.36 9.55 Appalachian 8.17 9.17 7.61 8.99 8.57 9.81 8.81 Southeast 6.40 3/ 9.45 9.21 8.16 9.44 9.13 Lake 9.06 9.35 9.46 9.12 9.45 10.80 9.95 Cornbelt 9.20 8.10 8.74 8.40 9.19 10.33 9.46 Delta 6.15 7.95 7.20 8.44 6.95 8.23 7.64 No. Plains 7.60 6.84 9.61 9.21 8.49 10.93 9.70 So. Plains 8.22 8.32 8.91 8.82 7.92 10.13 9.28 Mountain 6.78 3/ 7.59 7.42 9.60 9.07 8.67 Pacific 8.62 8.54 9.31 9.22 9.28 9.75 9.60 48 States 8.20 9.12 8.50 8.77 8.76 9.85 9.32 ----------------------------------------------------------------------------------------- 1/ Excludes agricultural service workers. 2/ Regions consist of: Northeast: CT, DE, MD, ME, MA, NH, NJ, NY, PA, RI, VT. Appalachian: KY, NC, TN, VA, WV. Southeast: AL, FL, GA, SC. Lake: MI, MN, WI. Cornbelt: IA, IL, IN, MO, OH. Delta: AR, LA, MS. Northern Plains: KS, NE, ND, SD. Southern Plains: OK, TX. Mountain: AZ, CO, ID, MT, NM, NV, UT, WY. Pacific: CA, OR, WA. 48 States: All States, excluding AK and HI. 3/ Insufficient data. Source: USDA NASS Farm Labor, May 20, 2005 Price Reactions After USDA Crop Reports ------------------------------------------------------------------------ Corn USDA Report Day After Report Week After Report and Price reaction Number Average Number Average of Reports Price Change Reports Price Change ------------------------------------------------------------------------ Number Cents Per Bu Number Cents Per Bu Crop Production 1985-2004 Price Increases 39 4.7 50 7.3 No Price Change (NC) 15 NC 1 NC Price Decreases 46 -5.3 49 -10.2 Total 100 100 Grain Stocks 1984-2004 Price Increases 37 5.2 41 8.4 No Price Change (NC) 7 NC 5 NC Price Decreases 41 -4.7 39 -9.0 Total 85 85 ------------------------------------------------------------------------ Source: USDA NASS Price Reactions After USDA Crop Reports, March 2005 ------------------------------------------------------------------------ ------------------------------------------------------------------------ USDA-NASS Acreage & Hog Surveys Acreage and hog inventories, as well as almost all other statistics from the USDA's National Agricultural Statistics Service (NASS), are based on responses from commodity producers. These reports are the factual information all market participants, including product buyers and commodity market participants, use to make informed decisions in the buying/selling process. The table above shows the corn price reaction after the Crop Production and Grain Stocks reports are released. This table confirms that prices remain unchanged or rise as often as they decline after the USDA-NASS reports. The real value in these reports is the concrete information the market has to work with, not rumors or speculation. The greatest benefit of these reports is reduced volatility in the market for both seller and buyer. This reduced volatility, as a result of the factual supply information, can translate into higher market prices for sellers since the buyers risks are reduced. Only you, as a producer, can ensure that the reports are as accurate as possible by participating in the surveys conducted by USDA-NASS. If called or visited, please take a few minutes to respond. Mark Harris Director ------------------------------------------------------------------------ ------------------------------------------------------------------------