Ag Chat with Scott Schultz- January 13

Corn and soybean production was down across the nation during 2019. The end-of-year crop production report issued Friday by the U.S. Department of Agriculture said the year’s soybean production was down 20 percent compared with 2018, with 3.56 billion bushels produced on an average yield of 47.4 bushels per acre – 3.2 bushels per acre less than in 2018. The nation’s corn for grain production was 13.7 billion bushels, down 5 percent compared with the 2018 production. That production came on an average yield of 168 bushels per acre, which was 8.6 bushels per acre less than the 2018 yield.


Wisconsin’s soybean production took a big hit during 2019. State growers produced 80 million bushels of soybeans during the year, compared with 104 million bushels produced during 2018. The state’s average soybean yield was 47 bushels per acre, a 1-bushel-per-acre decrease compared with 2018. But the USDA report said 1.8 million acres of state soils were planted in soybeans during 2019, compared with the 2.2 million acres planted during 2018. Wisconsin corn producers raised 450 million bushels of corn during 2019, compared with 545 million bushels grown during 2018. The state’s average corn yield was 168 bushels per acre, compared with 2018’s average of 172 bushels per acre.

Pork exports set a record in November, but beef exports have slipped. The U.S. Meat Export Federation has reported that 259,812 metric tons of pork were exported during November, which surpassed the previous export record – set in July – by 11 percent. The November export value of $712.7 million was a 32 percent increase compared with November of 2018 and passed the previous record – set in July -- by 14 percent. November beef exports were at 108,662 metric tons, 4 percent less than in November of 2018. The beef-export value was $658.1 million, a 7 percent decrease compared with November of 2018. The export report noted that, though down, 2018 was a record beef-export year and 2019 is the second-highest export year.

In another agricultural trade matter, Chinese officials have confirmed that Phase I of a trade agreement between the United States and China will be signed on Wednesday. The Chinese vice premier is expected to be in Washington to sign the pact with President Trump.