MILK PRODUCTION

Milk production in Iowa during January 2015 totaled 410 million pounds, up 5 percent from January 2014 according to the USDA, National Agricultural Statistics Service – Milk Production report. This is the highest January milk production for Iowa since 1967. The average number of milk cows during January, at 210,000 head, was up 1,000 from last month, and 5,000 more than a year ago. Monthly production per cow averaged 1,950 pounds, up 45 pounds from last January.

Cattle and calves on feed for slaughter market in Iowa for all feedlots totaled 1,275,000 on February 1, 2015, according to the USDA, National Agricultural Statistics Service – Cattle on Feed report. The inventory is up 5 percent from January 1, 2015, and up 5,000 head from February 1, 2014. Feedlots with a capacity greater than 1,000 head had 660,000 head on feed, up 3 percent from last month but unchanged from last year. Feedlots with a capacity less than 1,000 head had 615,000 head on feed, up 6 percent from last month and up 1 percent from last year.

Placements during January totaled 195,000 head, a decrease of 3 percent from last month but up 9 percent from last year. Feedlots with a capacity greater than 1,000 head placed 100,000 head, down 1 percent from last month and down 12 percent from last year. Feedlots with a capacity less than 1,000 head placed 95,000 head. This is down 5 percent from last month but up 46 percent from last year.

Marketings for January were 134,000 head, up 7 percent from last month and up 2 percent from last year. Feedlots with a capacity greater than 1,000 head marketed 78,000 head, down 2 percent from last month but up 10 percent from last year. Feedlots with a capacity less than 1,000 head marketed 56,000 head, up 24 percent from last month but down 8 percent from last year. Other disappearance totaled 6,000 head.

CATTLE ON FEED REVISIONS Revision Policy: Revisions to previous estimates are made to improve month to month relationships. Estimates for the previous month are subject to revision in all States each month when current estimates are made. In February, all monthly estimates for the previous twelve months are reviewed and subject to revisions. The reviews are primarily based on slaughter data, state check-off and any other data that may have been received after the original estimate was made.

The average price received by farmers for corn in Iowa was $3.85 per bushel according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This is up $0.06 from the December full month price, but $0.58 lower than January 2014.

The January 2015 average price received by farmers for soybeans, at $10.20 per bushel, was $0.20 more than the December full month price, but $2.60 lower than the January 2014 price.

The January average oat price per bushel was $3.76, unchanged from December, but $0.29 below January 2014.

All hay prices in Iowa averaged $138.00 per ton in January, $33.00 per ton less than January 2014. Alfalfa hay prices fell $39.00 per ton from one

year ago, to $156.00 and other hay prices were $23.00 per ton lower than last year, at $107.00.

The January average price was $17.40 per cwt for milk, down $3.50 from December, and $6.50 per cwt below one year ago.

Iowa Egg production during January 2015 was 1.44 billion eggs,

down 1 percent from last month, but up 5 percent from last year,

according to the latest Chickens and Eggs release from USDA’s

National Agricultural Statistics Service.

The total number of layers on hand during January was 59.7 million,

virtually unchanged from last month, up 2 percent from last year,

and the largest January inventory on record for the State of Iowa.

Eggs per 100 layers for the month of January were 2,403, down

1 percent from last month, but up 3 percent from 2,331 last year.

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