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Weekly Ag Update

Issue 55-28

July 5, 2005

Included in this Issue

Ag Prices
Grain Stocks
June Acreage


CROP SUMMARY FOR THE WEEK ENDING JULY 3, 2005

                                
NEW MEXICO : There were 6.9 days suitable for field work. Topsoil moisture was 26% very short, 49% short and 25% adequate. Wind damage was 11% light, 11% moderate and 1% severe. Farmers were busy harvesting crops and some reports of insect problems have been received. Alfalfa was in fair to excellent condition with 92% of the second cutting complete and 33% of the third cutting complete. Cotton was 60% squared, 5% setting bolls and condition was reported as 12% very poor, 13% poor, 42% fair, 15% good and 18% excellent. Corn was in mostly fair to good condition and was 20% silked. Sorghum was 100% planted and condition was 24% poor, 44% fair, 31% good and 1% excellent . Wheat was 88% harvested. Peanuts were in fair to excellent condition with 31% pegged. Chile was in mostly fair to excellent condition. Onions were in fair to excellent condition and were 80% harvested. Apples were in very poor to fair condition. Pecans were in fair to excellent condition. Ranchers were busy maintaining water and herds. Cattle were reported as 6% poor, 44% fair, 33% good and 17% excellent. Sheep were 61% fair, 28% good and 11% excellent. Range and pasture was reported as 4% very poor, 20% poor, 54% fair and 22% good.

CROP PROGRESS PERCENTAGES WITH COMPARISONS
CROP PROGRESS This Week Last Week Last Year 5-Year Average
CORN Silked 20 N/A 7 13
COTTON Squaring 60 50 75 76
ONIONS Harvested 80 75 69 70
PEANUTS Pegging 31 9 47 47
SORGHUM (ALL) Planted 100 91 79 81
WHEAT (ALL) Harvested 88 77 80 87


CROP AND LIVESTOCK CONDITION PERCENTAGES
Very Poor Poor Fair Good Excellent
Alfalfa -- -- 44 32 24
Apples 30 50 20 -- --
Chile 1 8 35 46 10
Corn -- 4 30 57 9
Cotton 12 13 42 15 18
Onions -- -- 13 51 36
Peanuts 4 20 39 41 20
Pecan -- -- 30 29 41
Sorghum (All) -- 24 44 31 1
Cattle -- 6 44 33 17
Sheep -- -- 61 28 11
Range/Pasture 4 20 54 22 --

SOIL MOISTURE PERCENTAGES
Very
Short 		Short Adequate Surplus
Northwest
 -- 86 14 --
Northeast 25 44 31 --
Southwest 45 47 8 --
Southeast 34 23 43 --
State Current 26 49 25 --
State-Last Week 21 41 38 --
State-Last Year 46 27 27 --
State-5-Yr Avg. 41 32 26 1


WEATHER SUMMARY


Temperatures were generally close to normal over the north during the week but a few degrees above normal in the south, especially the southwest. Afternoon readings hit 100 at most of the lower elevation stations in the south, with a peak of 110 at Carlsbad on the 3rd. Precipitation was very spotty and light from isolated afternoon thunderstorms over the eastern half of New Mexico.

NEW MEXICO WEATHER CONDITIONS - JUNE 27 - JULY 3, 2005
Temperature
Precipitation
Station
Mean
Maximum Minimum 06/27
07/03 		06/01
07/03
Normal
Jul
01/01
07/03 		Normal
Jan-Jun
Farmington 74.1 99 52 0.00 0.00 0.94 4.73 4 .31
Gallup 70.7 93 48 0.00 0.00 1.91 6.63 6 .10
Capulin 66.4 87 47 0.07 0.00 3.25 9.97 10 .52
Chama 61.3 86 34 0.01 0.00 2.24 15.05 11 .08
Johnson Ranch 67.3 94 41 0.00 0.00 1.66 5.56 5 .43
Las Vegas 68.1 89 47 0.10 0.05 3.20 10.22 9 .60
Los Alamos 70.0 89 49 0.00 0.00 3.25 9.28 9 .66
Raton 67.4 91 44 0.02 0.02 2.66 8.84 9 .82
Red River 57.1 81 34 0.12 0.00 3.01 14.18 11 .93
Santa Fe 72.4 93 49 0.00 0.00 2.38 7.46 7 .64
Clayton 76.1 99 57 0.00 0.00 2.70 9.18 9 .00
Clovis 81.1 102 61 0.00 0.00 2.56 6.73 9 .57
Roy 71.2 91 52 0.05 0.00 2.97 9.57 9 .03
Tucumcari 82.8 104 60 0.01 0.00 3.30 8.89 8 .57
Grants 67.2 93 38 0.00 0.00 1.76 4.91 4 .79
Quemado 65.4 90 40 0.00 0.00 2.37 5.51 6 .56
Silver City 75.0 96 56 0.00 0.00 2.65 9.34 7 .55
Albuquerque 80.1 97 61 0.00 0.00 1.37 5.94 4 .42
Carrizozo 77.8 99 55 0.00 0.00 2.05 7.11 5 .55
Socorro 78.2 99 55 0.00 0.00 1.44 4.28 3 .94
Gran Quivera 75.1 94 53 0.09 0.00 2.81 8.25 7 .52
Moriarty 70.5 97 45 0.02 0.00 2.38 7.21 6 .37
Ruidoso 69.3 92 47 0.00 0.00 4.02 8.89 10 .99
Carlsbad 84.6 110 62 0.10 0.00 1.79 4.57 5 .74
Roswell 82.4 104 62 0.01 0.01 1.99 4.24 6 .74
Tatum 80.5 104 61 0.08 0.08 2.52 6.24 8 .69
Alamogordo 88.0 102 73 0.00 0.00 2.23 6.55 5 .51
Animas 84.1 104 57 0.00 0.00 2.26 5.25 4 .74
Deming 84.4 105 62 0.00 0.00 2.15 3.79 4 .43
Las Cruces 86.1 104 66 0.00 0.00 1.36 4.35 3 .63
T or C 85.9 105 67 0.00 0.00 1.86 3.50 4 .44
(T) Trace (-) No Report (*) Correction
All reports based on preliminary data. Precipitation data corrected monthly from official observation forms.


AGRICULTURAL PRICES RECEIVED

NEW MEXICO: Hay prices in New Mexico for the month of June increased by 5% from $119.00 per ton in May to $125.00 per ton in June. Alfalfa prices also increased from $122.00 per ton in May to $128.00 per ton in June. May cow prices dropped from the May price of $59.40 per hundredweight to $57.90 per hundredweight. This was still $0.60 above the national average of $57.30. Steer and heifer prices decreased by $1.00 to $107.00 per hundredweight and were $13.90 above the national average of $93.10 per hundredweight. Calf prices remained stable at $136.00 per hundredweight but were $4.00 below the national average of $140.00. Milk prices were $13.30 per hundredweight for June compared to $13.50 for the previous month. The national average price for milk was $14.60 per hundredweight.

Prices Received by Farmers: Selected Commodities, May 2005 and June 2004-05
Commodity Unit
New Mexico
U.S. 1/
June 2004 1/ May 2005 2/ June 2005 1/ June
----------------------------------------------------Dollars------------------------------------------
CROPS
Grain Sorghum Cwt. _ _ _ 3.40
Cotton, Upland Lb. _ _ _ .407
Potatoes Cwt. _ _ _ 7.38
Hay, all baled Ton 120.00 119.00 125.00 102.00
Alfalfa, baled Ton 123.00 122.00 128.00 112.00
Peanuts Lb. -- -- -- .178
Corn Bu. -- -- -- 2.01
Wheat, all Bu. -- -- -- 3.17
LIVESTOCK
Sheep 3/ Cwt. -- -- -- 44.50
Lambs 3/ Cwt. -- -- -- 115.00
Cows Cwt. 54.20 59.40 57.90 57.30
Steers & Heifers Cwt. 104.00 108.00 107.00 93.10
Calves Cwt. 122.00 136.00 136.00 140.00
Milk Cwt. 17.40 13.50 13.30 14.60
1/ Mid-Month. 2/ Entire month. 3/ May - entire month.


GRAIN STOCKS

UNITED STATES: Corn stocks in all positions on June 1, 2005 totaled 4.32 billion bushels, up 45 percent from June 1, 2004. This is the highest June 1 stocks level since 1988. Of the total stocks, 2.46 billion bushels are stored on farms, up 60 percent from a year earlier. Off-farm stocks, at 1.86 billion bushels, are up 30 percent from a year ago. The March - May 2005 indicated disappearance is 2.44 billion bushels, compared with 2.30 billion bushels during the same period last year. All wheat stored in all positions on June 1, 2005 totaled 540 million bushels, down 1 percent from a year ago. On-farm
stocks are estimated at 161 million bushels, up 22 percent from last year. Off-farm stocks, at 379 million bushels, are down 9 percent from a year ago. The March - May 2005 indicated disappearance is 445 million bushels, down 6 percent from the same period a year earlier. Grain sorghum stored in all positions on June 1, 2005 totaled 104 million bushels, up 29 percent from a June 1, 2004. The March - May 2005 indicated disappearance from all positions is 99.2 million bushels, up from 78.1 million bushels during the same period a year ago.

U.S. Grain Stocks, By Position and Month 2004-2005

2004 2005
Date On Farms Off Farms1/ Total All
Positions 		On Farms Off Farms1/
Total All
Positions
------------------------------------1,000 Bushels-------------------------------------------
CORN
Mar 1 3,030,000 2,241,459 5,271,459 4,137,000 2,618,261 6,755,261
Jun 1 1,540,000 1,430,140 2,970,140 2,462,300 1,857,657 4,319,957
Sep 1 438,000 520,091 958,091 --- --- ---
Dec 1 6,144,000 3,306,598 9,450,598 --- --- ---
SORGHUM
Mar 1 21,000 137,652 158,652 33,400 170,122 203,522
Jun 1 7,650 72,944 80,594 16,000 88,369 104,369
Sep 1 3,700 29,849 33,549 --- --- ---
Dec 1 78,700 203,505 282,205 --- --- ---
ALL WHEAT
Mar 1 257,890 762,727 1,020,617 304,710 679,681 984,391
Jun 1 131,880 414,559 546,439 161,275 378,566 539,841
Sep 1 790,600 1,147,807 1,938,407 --- --- ---
Dec 1 531,020 899,306 1,430,326 --- --- ---
1/ Includes stocks at mills, elevators, warehouses, terminals and processors.



2005 JUNE ACREAGE
                            
NEW MEXICO: Corn planted for all purposes is estimated at 120,000 acres in 2005, down 4 percent from last year. Farmers anticipate harvesting 45,000 acres for grain. Winter wheat planted for the 2005 crop totaled 490,000 acres, unchanged from 2004, with 280,000 harvested for grain. Sorghum acreage is estimated at 140,000 acres, also unchanged from last year, with acres to be harvested for grain dropping slightly to 90,000 acres. Upland cotton producers planted 55,000 acres compared to 68,000 the previous year. American-Pima cotton planted acreage is estimated at 10,000 acres, down 600 acres from 2004. Alfalfa harvested acreage is estimated at 250,000 acres, up 4.2 percent. Other hay acreage also increased, at 100,000 acres compared to 90,000 the previous year. Peanut acreage is estimated to be up 1,000 acres to 18,000. Dry bean acreage is unchanged at 6,000 acres.
                
UNITED STATES: Corn planted area for all purposes is estimated at 81.6 million acres, up 1 percent from 2004 and 4 percent above 2003. Winter wheat The 2005 winter wheat planted area, at 41.4 million acres, is 4 percent below last year and down less than 1 percent from the previous estimate. Sorghum Area planted to sorghum in 2005 is estimated at 7.01 million acres, down 6 percent from 2004. Area harvested for grain is forecast at 6.03 million acres, down 7 percent from last year. Kansas continues to have the largest area of sorghum planted at 2.90 million acres, down 9 percent from last year. Upland cotton acreage totaled 13.8 million acres, also up 3 percent . American-Pima cotton growers planted 266,000 acres. This is a 7 percent increase from last year's crop, but 49 percent above two years ago . Harvested area of alfalfa and alfalfa mixtures is forecast at 22.1 million acres, up 2 percent from last year . All other hay harvested area is expected to total 39.6 million acres, down 2 percent. Peanuts area planted in 2005 is estimated at 1.65 million acres, up 15 percent from 2004. Area for harvest is estimated at 1.61 million acres, up 16 percent from last year. Summer Potatoes: Growers in the summer producing States planted an estimated 51,100 acres of potatoes this year, down 13 percent from last year and 19 percent below two years ago.

2005 JUNE CROP ACREAGE SUMMARY, NEW MEXICO AND UNITED STATES, WITH COMPARISON
Crop
Acres Planted For All Purposes
Acres Harvested1/
2004 2005 2005 as % 2004 20052/ 2005 as %
----------1,000 Acres-----------
Percent
-----------1,000 Acres-----------
Percent
NEW MEXICO
Winter Wheat 3/ 490 490 100 300 280 93
Sorghum 140 140 100 92 90 98
Corn 125 120 96 58 45 78
Alfalfa Hay -- -- -- 240 250 104
Other Hay -- -- -- 90 100 111
Upland Cotton 68.0 55.0 81 64.0 4/ --
A-P Cotton 10.6 10.0 94 10.5 4/ --
Peanuts 17.0 18.0 106 17.0 18.0 106
Potatoes, Summer 1.2 5/ -- 1.0 5/ --
Dry Beans 6.0 6.0 100 6.0 6.0 100
UNITED STATES
Winter Wheat 43,350 41,408 96 34,462 34,271 99
Sorghum 7,486 7,013 94 6,517 6,030 93
Corn 80,930 81,592 101 73,632 74,368 101
Alfalfa Hay -- -- -- 21,707 22,118 102
Other Hay -- -- -- 40,209 39,605 98
Upland Cotton 13,409.0 13,760.0 103 12,809.0 4/ --
A-P Cotton 249.6 266.0 107 248.0 4/ --
Peanuts 1,430.0 1,649.0 115 1,394.0 1,612.0 116
Potatoes, Summer 58.5 51.1 87 54.0 49.2 91
Dry Beans 1,354.3 1,674.0 124 1,219.3 1,567.4 129
1/ Harvested for principal use of each crop, i.e., grain, nuts, etc. 2/ Forecasted. 3/ Includes area planted in preceding fall. 4/ Estimates to be released August 12, 2005 in the August Crop Production report. 5/ Summer potatoes combined with fall potatoes in 2005.


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