Ag Chat with Kristin Smith- July 2

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ALTOONA, Wis. (WEAU) -- Farmers' milk prices continue to lag behind last year. USDA economists now say the May all milk price in Wisconsin was $16.70-70 cents less than last May but 40 cents more than the April price. The U.S. all milk price for May was $16.20--50 cents lower than Wisconsin's price but 40 cents higher than last month's U.S. price. Twenty-two of the 23 major milk producing states had a higher price when compared with May, while one state, Ohio, had no change in price. New Mexico and Michigan received the lowest price at $14.80 followed by California at $15.66 and Idaho at $16.00.

Farmers in Wisconsin also received $3.64 for a bushel of corn in May up 12 cents from April and 29 cents higher than last May. The National Agricultural Statistics Service also released the soybean price at $9.84 a bushel, up 7 cents from April and 50 cents better than last May. The May oat price was $3.20 per bushel, down 4 cents from the April price but $0.63 above May 2017. All hay prices in Wisconsin averaged $156 per ton in May, up $2 from April and $49 above May 2017. The alfalfa hay price averaged $171 per ton in May, up $6 from April and $51 above the previous May. The other hay price averaged $109 per ton in May, down $11 from April but $43 above the May 2017 price.

Farmers planted 89.6 million acres of soybeans this spring compared to 89.1 million acres of corn, marking only the second time in history soybean acreage topped corn, according to USDA's planted acreage numbers released Friday. While acreage was down slightly for both corn and soybeans from 2017, they were also both higher than USDA's prospective planting acreage released at the end of May. All-wheat planted acreage for 2018 is estimated at 47.8 million acres, up 4% from 2017. Still, 2018 acreage represents the second-lowest wheat acreage in the U.S. since 1919.

In Wisconsin corn planted is estimated at 3.9 million acres up 50,000 acres from the March intentions but unchanged from 2017. An estimated 3 million acres are expected to be harvested for grain. Producers reported planting biotechnology varieties on 88 percent of their 2018 corn acres. Insect resistant varieties were planted on an estimated 3 percent of corn acres, herbicide resistant only varieties were planted on 13 percent of the acres, and stacked gene varieties were planted on 72 percent of the acres. Soybean acreage in Wisconsin is estimated at 2.3 million acres planted, up 100,000 acres from March intentions and up 150,000 acres from last year. This is a new record high. Area for harvest is estimated at 2.29 million acres. If realized, this would also set a new record high, surpassing last year's harvested acres. Ninety-two percent of Wisconsin's soybean acreage was planted with herbicide resistant varieties. Winter wheat planted is estimated at 250,000 acres, with an estimated 220,000 acres expected to be harvested for grain. Oats planted acreage, estimated at 210,000, is up 30,000 acres from last year's acreage. An estimated 100,000 acres are expected to be harvested for grain.

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