Tuesday, January 31, 2023

December Agriculture Prices Received Index Up 3.1 Percent, Prices Paid Unchanged

December Prices Received Index Up 3.1 Percent

The December Prices Received Index 2011 Base (Agricultural Production), at 137.7, increased 3.1 percent from November and 22 percent from December 2021. At 128.6, the Crop Production Index was up 1.1 percent from last month and 21 percent from the previous year. The Livestock Production Index, at 150.4, increased 4.9 percent from November, and 25 percent from December last year. Producers received higher prices during December for eggs, celery, soybeans, and cattle, but lower prices for lettuce, milk, hogs, and cauliflower. In addition to prices, the volume change of commodities marketed also influences the indexes. In December, there was increased monthly movement for eggs, milk, broilers, and lettuce, and decreased marketing of corn, grapes, soybeans, and calves.

December Prices Paid Index Unchanged

The December Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 137.1, is unchanged from November 2022 but up 9.6 percent from December 2021. Higher prices in December for feeder pigs, other services, feeder cattle, and herbicides offset lower prices for diesel, gasoline, LP gas, and complete feeds.






Crop Progress - State Stories

IDAHO: The average temperatures in Idaho for the month of January varied from below normal to above normal for most regions of the State. Accumulated precipitation remained slightly below to above normal for the water year. In northern Idaho, the area saw cooler than average temperatures throughout January, with little snow cover in most fields. Winter survival of some fall-sown varieties of canola, rapeseed, and peas was questionable. In southwest Idaho, temperatures were above freezing, with good precipitation. Hay stocks looked good. Snowpack for reservoir storage appeared favorable. In south central Idaho, conditions were mild with above average moisture. Feed supply appeared excellent with abundant supply. In eastern Idaho, temperatures were below normal, with heavy snowfall. Snow coverage protected fall crops from extremely cold temperatures. Hay stocks were adequate for now. Teton, Fremont, and Madison Counties experienced heavy snowfall, followed by extremely cold temperatures. Livestock were being fed hay. Bannock, Bingham, and Butte Counties received good precipitation in the form of snow. Calving and lambing season continued on schedule.

MONTANA: This report for Montana is for the entire month of January 2023. Topsoil moisture 10% very short, 41% short, 45% adequate, 4% surplus. Subsoil moisture 8% very short, 56% short, 33% adequate, 3% surplus. Winter wheat condition 1% very poor, 1% poor, 82% fair, 15% good, 1% excellent. Winter wheat wind damage 74% none, 12% light, 10% moderate, 4% heavy. Winter wheat freeze and drought damage 74% light, 20% moderate, 6% heavy. Winter wheat protectiveness of snow cover 9% very poor, 40% poor, 18% fair, 18% good, 15% excellent. Pasture and range condition 16% very poor, 31% poor, 28% fair, 24% good, 1% excellent. Livestock grazing accessibility 30% open, 32% difficult, 38% closed. Livestock receiving supplemental feed - cattle and calves 99% fed. Cows calved 4% complete. Livestock receiving supplemental feed – sheep and lambs 98% fed. Ewes lambed 2% complete. The State of Montana experienced a warm January, with varying precipitation totals. Drought conditions slightly improved in areas experiencing moderate, severe, and extreme drought; however, overall drought conditions have worsened due to minimal precipitation and warm temperatures. According to the US Drought Monitor published on January 26, 2023, 95.2 percent of the State is experiencing drought conditions, compared to 87.9 percent at the end of December. The amount of land rated as abnormally dry increased 7.3 percentage points from 28.0 percent at the end of December to 35.3 percent for the month of January. Moderate drought was present across 22.9 percent of the State, down slightly from 24.8 percent at the end of December. Severe drought covered 26.2 percent of the State, up from last month’s 22.9 percent and extreme drought was found in 10.8 percent of the State, down from last month’s 12.2 percent.

NEVADA: For the week ending January 29, 2023 - Days suitable for fieldwork 2.1. Topsoil moisture 10% short, 80% adequate, 10% surplus. Subsoil moisture 5% very short, 10% short, 85% adequate. Pasture and range condition 75% poor, 25% fair. There was standing water and snow patches in northern parts of the State due to unusually high precipitation for the State during the first two weeks of January. This had a negative impact in pasture and range condition. More than 55% of the State was in D2 or D3 drought levels according to the U.S. Drought Monitor.

OREGON: Moisture conditions throughout the State ranged from very wet to wet for January. However, the western part of Oregon was still behind normal for seasonal precipitation. Temperatures ranged from lower than normal to around normal. Clackamas, Multnomah, and Washington Counties reported record rainfall and below average temperatures. Crop and pasture conditions reports were good, especially pastures left un-grazed during winter. In Columbia, Multnomah, and Washington Counties, very cold and dry weather was a concern for some berry and nursery crops. Benton and Lincoln Counties reported heavy rainfall at the beginning of the month, with drier days towards the end of January. High winds resulted in downed trees that contributed to power outages and impeded transportation. Many livestock producers anticipated the beginning of calving to start soon. Morrow County reported temperatures in single digits with no snow cover, with potential cold injury for the wheat crop. Gilliam, Hood River, Sherman, and Wasco Counties reported high rainfall with snow and average moisture content. Crops and livestock were both growing well with no concerns. Baker County reported mild weather and an average snowpack. Cattle producers were starting to calve. Umatilla and Wallowa Counties reported the winter wheat was in good condition, precipitation was below normal, and winter canola was doing excellent. There was concern about the impact on yields if conditions remained dry. Douglas, Jackson, and Josephine Counties reported good rainfall, although behind average. Wheeler and Grant Counties reported substantial rainfall and some snow. Crops and livestock were doing well. Lake County reported high precipitation and a few snowstorms that added to the snowpack. Morning temperatures were very cold and freezing kept the snowpack in place.

UTAH: This report for Utah is for the entire month of January 2023. Topsoil moisture 12% short, 69% adequate, 19% surplus. Subsoil moisture 13% short, 84% adequate, 3% surplus. Pasture and range condition 2% very poor, 20% poor, 35% fair, 43% good. Winter wheat condition 6% poor, 45% fair, 42% good, 7% surplus. Hay and roughage supplies 15% very short, 29% short, 56% adequate. Stock water supplies 14% short, 86% adequate. Cattle and calves condition 9% poor, 36% fair, 54% good, 1% excellent. Sheep and lambs condition 12% poor, 53% fair, 35% good. Livestock receiving supplemental feed for cattle 70%. Livestock receiving supplemental feed for sheep 51%. Cows calved 4%. Ewes lambed-farm flock 5%. Colder temperatures along with snowstorms occurred throughout the State for the month of January. As of January 3, 2023, snowpack in Utah was 174 percent measured as percent of median snowfall. Box Elder County reports livestock producers continued feeding cattle due to the cold weather. Beaver County reports noted that livestock producers were dealing with calving issues due to the cold weather.

WYOMING: This report for Wyoming is for the entire month of January 2023. Topsoil moisture 12% very short, 22% short, 64% adequate, 2% surplus. Subsoil moisture 15% very short, 39% short, 46% adequate. Winter wheat condition 4% very poor, 18% poor, 60% fair, 17% good, 1% surplus. Hay and roughage supplies 7% very short, 23% short, 69% adequate, 1% surplus. Livestock condition 1% poor, 8% fair, 86% good, 5% excellent. Stock water supplies 4% very short, 15% short, 80% adequate, 1% surplus. Pasture and range condition 5% very poor, 19% poor, 31% fair, 42% good, 3% surplus. Cows calved 1%. Ewes lambed 2%. Most of Wyoming received above normal amounts of moisture in January. In some areas of the State, precipitation levels were as much as 2.5 inches above average. Some areas of northern Wyoming received at or slightly below normal amounts of precipitation thus far in January. Temperatures ran mostly below normal in southern Wyoming and above normal in the north and far west. Portions of Fremont, Lincoln, and Sweetwater Counties saw temperatures as much as 6 to 8 degrees below average, while a portion of Sheridan County experienced temperatures as much as 8 degrees above normal. With the escalation in moisture, Wyoming saw an improvement in drought conditions according to the United States Drought Monitor report published on January 26, 2023. The amount of land rated drought free increased to 29.8%, compared with 25.6% as published on December 29, 2022. The amount of land rated abnormally dry stood at 25.4%, compared with 20.8% at the end of December. At 24.0%, moderate drought changed little from 25.0% last month. Severe drought conditions fell to 17.7%, compared with 22.1% last month. Extreme drought improved to 3.1%, compared with 6.5% at the end of December. In Goshen County, the generous snowfall received will greatly benefit the depleted topsoil moisture levels. The southern portions of Hot Springs County received substantial amounts of snow. Laramie County has also received beneficial amounts of snow, but temperatures have not been warm enough for the snow to melt and soak into the soil. There is concern some snow may be lost in the wind. Lincoln County has received abundant snow so far this year along with cold, but tolerable temperatures. Pastures and aftermath feed were buried under the snow cover. Livestock producers were feeding their stock hay. Snowfall this month in Platte County has improved the dry conditions, but not enough to end the drought. Farmers and ranchers remained hopeful that continued much needed snow would benefit pastures and reservoirs. Hay and roughage supplies for Wyoming were rated 7% very short, 23% short, 69% adequate, and 1% surplus, compared with 3% very short, 20% short, 73% adequate, and 4% adequate last month. Stock water supplies across Wyoming were rated 4% very short, 15% short, 80% adequate, and 1% surplus, compared with 6% very short, 17% short, 72% adequate and 5% surplus last month.



Idaho And Western United States SNOTEL Water Year (Oct 1) to Date Precipitation % of Normal (1/31)








Monday, January 30, 2023

Bureau of Reclamation, Pacific Northwest Region - Storage Reservoirs in the Upper Snake River (1/30)



Average daily streamflows indicated in cubic feet per second.
Reservoir levels current as of midnight on date indicated.

Upper Snake River system is at 38 % of capacity.
(Jackson Lake,Palisades, Grassy Lake,Island Park,Ririe,American Falls,LakeWalcott)
  
Total space available:2490007 AF
Total storage capacity:4045695 AF


Friday, January 27, 2023

Friday Market Watch

LIVESTOCK:

The complex faced some pressure early on, but by Friday's end, most of the livestock contracts close higher. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.30 with a weighted average of $70.63 on 6,789 head. 

From Friday to Friday the livestock contracts scored the following changes: February live cattle up $0.10, April live cattle up $0.90; March feeder cattle up $2.50, April feeder cattle up $1.78; February lean hogs down $1.95, April lean hogs up $0.73; March corn up $0.07, May corn up $0.05.

More: Friday Closing Livestock Market Update - Southern Feedlots Gain $1.00


GRAINS:

March corn closed up 1/2 cent and July corn was down 2 1/4 cents. March soybeans closed down 14 cents and July soybeans were down 8 1/2 cents. March KC wheat closed up 4 1/2 cents, March Chicago wheat was down 2 1/2 cents and March Minneapolis wheat was up 3 1/2 cents.

For the week:

March corn closed up 6 3/4 cents and July corn was up 2 1/4 cents. March soybeans ended up 3 cents and July soybeans were up 3 cents. March KC wheat closed up 21 1/4 cents, March Chicago wheat was up 8 1/2 cents and March Minneapolis wheat was up 8 3/4 cents.


DAIRY:

Block cheese price remained unchanged at $1.96 with no load traded. Barrel cheese price declined 3.75 cents closing at $1.5525 with seven loads traded. It took a while before there were any bids or offers posted after the market opened for spot trading. Buyers and sellers were waiting to see who was going to tip their hand first. Sellers were the first to post offers. Dry whey price increased 1.50 cents closing at 32.75 cents with no loads traded. Class III futures turned from higher to lower with contracts ranging from 22 cents lower to 7 cents higher. Butter price increased 0.50 cents closing at $2.2725 with one load traded. Grade A nonfat dry milk price declined a penny closing at $1.1525 with nine loads traded. Class IV futures have not yet traded with wide bid and offers with traders unwilling to buy into the market due to the weakness of nonfat dry milk. Butter futures are 0.05 cents lower to 0.75 cents higher. Dry whey futures are 0.72 cents lower to 0.02 cents higher.

More: Friday Closing Dairy Market Update - Milk Futures Close Lower on the Week


FORAGE: This Week's Hay Markets (Forage Fodder Blog)


OUTSIDE MARKETS:

The March U.S. Dollar Index is trading up 0.07 at 101.71. March crude oil declined $1.33 ending at $79.68 per barrel. The Dow gained 29 points ending at 33,978 while the Nasdaq gained 109 points closing at 11,622. April gold is up $1.60 at $1,931.60, March silver is down $0.32 at $23.71 and March copper is down $0.0415. March crude oil is down $1.30 at $79.71, March ultra-low sulfur diesel is down $0.1086, March RBOB gasoline is down $0.0193 and March natural gas is down $0.002.




Thursday, January 26, 2023

This Week's Drought Summary (1/26)

Over the past few weeks, a series of atmospheric rivers brought significant amounts of rain and snow across parts of the West leading to improvements in soil moisture, streamflow, reservoirs levels and snowpack. This above-normal precipitation led to abnormal dryness and drought improvements in California, the Pacific Northwest, Great Basin and the central Rockies. Despite these improvements, long-term drought persists across much of the West. In the eastern United States, winter storms brought cooler temperatures and above-normal precipitation from the Mississippi Valley to the East Coast, leading to abnormal dryness and drought improvements in the Midwest, Northeast and Southeast. Meanwhile, persistent dryness led to the expansion of drought in the southern Plains and northern Rockies, while much of the Southern and High Plains regions remain largely unchanged

Northeast

A winter storm brought snow and rain to the region this week. A half of an inch or more of rain fell across much of the Northeast with two inches or more falling over parts of southern New England. The rain was enough to remove abnormal dryness (D0) conditions from Massachusetts, including Cape Cod, southern New Hampshire and western Connecticut. Much of the Northeast remains drought-free except for lingering long-term moderate (D1) drought across eastern Long Island, New York.

Southeast

A cold front brought precipitation to much of the Southeast. A half of an inch or more of rain falling across much of the region, while a swath of heavy precipitation, stretched from southern Alabama to the North Carolina Coast, brought up to three inches in areas. The excess rainfall improved areas of moderate (D1) drought and abnormal dryness (D0) in Alabama; moderate and severe (D1-D2) drought and abnormal dryness in Florida; moderate and severe drought and abnormal dryness in Georgia; moderate drought and abnormal dryness in South Carolina; and moderate drought in North Carolina.

South

Precipitation fell across much of the South, halting most degradations or improvements this week. Up to two inches of precipitation fell from central Louisiana to southern Mississippi while much of Texas and Oklahoma received less than half an inch of rain. Precipitation over parts of southeast Oklahoma and eastern Texas were below normal, resulting in the expansion of abnormal dryness (D0) in this area. Severe (D2) drought and abnormal dryness was expanded in southern Texas in response to below-normal precipitation, declining streamflow and drying soils.

Midwest

The Midwest was hit with another week of above-normal precipitation. A band of heavy precipitation fell from southeast Missouri to northeast Ohio with some areas receiving up to 400% of normal. Recent rainfall, cooler temperatures and rising streamflow led to improvements to moderate (D1) drought and abnormal dryness (D0) in Missouri, Illinois, Indiana and Ohio this week.

High Plains

A half an inch or more of precipitation fell across parts of Kansas, eastern Colorado, southeast Wyoming and Nebraska. Parts of northwest Nebraska, western Colorado, Wyoming, South Dakota, and Montana received less than half an inch of precipitation. Moderate to extreme (D1-D3) drought and abnormal dryness (D0) was contracted in Kansas, Colorado and Wyoming where snowpack is above normal and soil moisture conditions are improving.



West

Half of an inch or more of precipitation fell in the Coastal and Cascade ranges of the Pacific Northwest, and southern Rockies while more southerly parts of the West, from southern Nevada to southern Arizona, received no precipitation. Moderate to severe (D1-D3) drought and abnormal dryness (D0) were trimmed in Washington, Oregon, Idaho, California, Nevada, Utah, and New Mexico. Extreme drought shrank in southern Oregon, Nevada and Utah. Some of the drought contraction was due to drought indicators showing slightly less severe conditions. In California, improvements were made based on multiple weeks of above normal precipitation and improving reservoirs, streamflow and indicators. In the drier areas of the West, severe drought was expanded in western Montana while moderate drought was expanded in eastern New Mexico. In Utah, much of the state has above normal snowpack but few improvements were made this week based on the current issues with groundwater and depleted reservoirs.



Caribbean

In Puerto Rico, no changes were made to the map this week.

It was a very dry week in the U.S. Virgin Islands, with only 0.04 to 0.15 inch of rain falling on St. Thomas, St. Croix, and St. John. Significantly below-normal precipitation has fallen on St. Croix and St. John since December 1, 2022. St. Croix recorded 1.98 inches of rain from December 1 through January 24 and St. Thomas measured 1.98 inches – both about 43 percent of normal. But this is one of the drier times of the year on these two islands, so tangible moisture shortfalls are slow to increase, and both sites retained their abnormally dry (D0) designation. St. John had been considerably wetter than the other two sites over the past several weeks. More than 4 inches of rain during January 1 – 24, bringing their December 1 – January 24 total to 5.75 inches, which is between two and three times the amount recorded at the other two sites. No dryness nor drought designations indicated on St. John

Pacific

In Alaska, no changes were made to the map this week.

In Hawaii, dry conditions continued across the majority of the state. On the Big Island, severe (D2) drought was introduced on the east side of the island due to increasing shortages of water supplies and low streamflow. On Molokai, moderate (D1) drought was expanded east across the rest of the island in response to low rainfall and streamflow. Conversely, the northeast half of Kauai improved to D0 conditions due to recent rainfall and short-term streamflow improvements.

More than 11 inches of rain fell on Airai, Palau last week. So far in 2023, Palau reported 17.62 inches of rain (through January 24). This follows 11.76 inches in December 2022. As a result, there are no moisture deficits and no dryness-related impacts in the Marianas. No dryness or drought is indicated.

Across the western islands of the Federated States of Micronesia, this is a relatively dry time of year, and weekly rainfall was near or somewhat above normal last week. Yap reported 2.2 inches of rain while Ulithi and Woleai recorded 3.46 and 4.07 inches, respectively. December totals were considerably above normal at Yap and Woleai, so dryness is not a concern there. In Ulithi, precipitation has been below normal 6 of the last 7 months. During the wettest time of the year there (June – September), 28.32 inches were reported compared to the normal 49.41 inches, and subnormal rainfall (60 to 80 percent of normal) was observed in both November and December 2022. A few months starting June 2022 brought less than the amount of rainfall needed to keep up with water demand. But a wet October 2022 (over 16 inches of rain) and more than three times the normal rainfall so far this January (almost 13 inches reported) have kept concerns related to dryness at bay. No dryness or drought is indicated.

Along the eastern tier of the Federated States of Micronesia (Pohnpei, Pingelap, and Kosrae), between 2 and 3.5 inches of rain was reported last week, but reports for 3 of the 7 days were missing. Precipitation has been generally below normal since late autumn 2022, but this followed a February – October that dropped excessive rainfall on these islands. In addition, the climatology is very wet here. Between 12 and 28 inches of rain have fallen on Pohnpei every month since the start of 2022, and in Kosrae, it’s been 14 to 35 inches each month for the same period. This well exceeds the amount of rain necessary to keep up with demand, so there are no concerns related to dryness. No dryness or drought is indicated.

Precipitation totals varied across the central islands in the Federated States of Micronesia. Fananu and Nukuoro were wetter than normal, reporting 6.35 and 7.57 inches of rain, respectively, for the week. Both of these locations have recorded over 14 inches of rain January 1-24, 2023, so there are no moisture deficits nor any dryness-related impacts. Rainfall was not so abundant in Lukunor, but over 3 inches of rain was observed last week, and the January-to-date total of 7.55 inches is slightly above the normal, and approaching the optimum monthly total needed to keep pace with water demand. December 2022 rains were not enough to keep pace with demand (6.06 inches), but October and November brought 8.5 and 10.8 inches of rain, respectively, and dryness is having no impact on Lukunor at this time. Rainfall totals at Chuuk Lagoon have been less impressive, with 1.32 inches recorded last week, putting January-to-date totals at 4.48 inches, which is not much more than half of normal and below the optimum total to keep pace with demand. But with 9 to 14.5 inches of rain each of the prior six months, there are no impacts associated with the recent moisture deficits so far. No dryness or drought are indicated.

Kapingamarangi in the southern reaches of the Federated States of Micronesia has been oscillating in and out of drought for several years. The last full month with above normal precipitation reported was February 2022, and severe drought (D2) was indicated in mid-January. This was the only island of the affiliated Pacific islands with any dryness or drought designation, and that remains the case. But rainfall has increased significantly of late. The past 2 weeks brought a total of 8.54 inches of rain, which is more than any full month since July 2022. The recent uptick in moisture has not led to drought removal, but the designation is improved to moderate drought (D1) this week.

It was a dry week across the Marianas, with only a few tenths of an inch of rain reported at most. The dry week was a welcome relief, though, as intense rainfall doused the Marianas over the first half of January 2023. Anywhere from 9 to 15.5 inches has fallen this month, which is 2.5 to 3.5 times the normal for the period. This follows a considerably wetter-than-normal December, no moisture deficits nor dryness-related impacts are occurring. There are no dryness nor drought designations.

Jaluit in the western Marshall Islands reported 2.48 inches of rain last week, but totals at Ailinglapalap and Kwajalein ranged from only 0.40 to 0.75 inch. This brought the January 2023 total to between 6.9 and 8.0 inches, which is considerably above normal. Sub-optimal rainfall was reported during December 2022 at most locations – about 45 to 73 percent of normal – but prior months brought generally near to more than optimum rainfall totals. With the recent increase in rainfall and the marginally wet conditions of most prior months this past year, no substantial moisture deficits nor dryness-related impacts are indicated at this time, and there are no dryness nor drought designations.

In the eastern Marshall Islands, Mili was doused with 4.23 inches of rain last week, but Wotje and Majuro recorded only 0.68 and 1.04 inches, respectively. The first 24 days of January 2023 brought over 19 inches of rain to Mili, which is nearly three times normal and well above the optimum total to keep pace with demand. January totals were lower elsewhere, but still above normal somewhat. Majuro reported 10.9 inches of rain so far this January, and Wotje – one of the driest locations climatologically of the affiliated Pacific islands – has received 3.38 inches of rain for the month-to-date (more than 180 percent of normal). The last 5 months of 2022 were all wetter than normal at Mili, so there are no dryness-related concerns there. Near or below normal rain was reported during this period at Majuro, but monthly amounts ranged from 10 to 19 inches, so rainfall is keeping pace with demand there. Wotje has been a little wetter than normal for the past several months overall, but due to the drier climatology, it is more vulnerable to drought than most other islands. For the past 7 months, suboptimal rainfall totals have been more common than not, but amounts exceeded 5.1 inches each of these months, and the recent near- to above-normal rainfall has precluded the development of any dryness-related impacts. No dryness nor drought designations indicated.

The last 3 months of December 2022 brought exceptional rainfall amounts exceeding 34 inches to Pago Pago and Siufaga Ridge. January 2023 has remained wetter than normal, with an additional 13.61 inches of rain reported for the first 24 days, bringing their not-quite-four-month total to nearly 48 inches. No dryness nor drought designations indicated.

Looking Ahead

The National Weather Service Weather Prediction Center has forecasted a winter storm (valid January 25 – January 26) that will track through the eastern Great Lakes overnight. Bands of heavy snow are expected over northern New York and New England. A second area of low pressure will develop over Southern New England and move into the Gulf of Maine by early Thursday where over 10” of snow is forecasted for interior locations. Moving into next week (valid January 28 – February 1), the forecast calls persistently cold temperatures from the northern/central Rockies into the Upper Midwest, while the West will trend colder. the Southeast on the warmer side of normal, especially after the weekend. At 8 – 14 days, the Climate Prediction Center Outlook (valid February 2 – February 8) calls for below-normal temperatures over most of the country except for the Southeast and Alaska. Parts of the Northeast, southern Southwest and central Alaska can expect near-normal temperatures, while parts of the Southeast and western Alaska have the greatest probability of warmer-than-normal temperatures. Most of the U.S. can expect near- to slightly above-normal precipitation with the probability of near-normal precipitation occurring from the northern Plains to the Northeast and from southern California to the southern Plains, including western and southeast Alaska. Southern parts of the Southwest and Alaska have increased odds for below-normal precipitation.




Monday, January 23, 2023

Bureau of Reclamation, Pacific Northwest Region - Storage Reservoirs in the Upper Snake River (1/23)



Average daily streamflows indicated in cubic feet per second.
Reservoir levels current as of midnight on date indicated.

Upper Snake River system is at 38 % of capacity.
(Jackson Lake,Palisades, Grassy Lake,Island Park,Ririe,American Falls,LakeWalcott)
  
Total space available:2527988 AF
Total storage capacity:4045695 AF




Friday, January 20, 2023

Friday Market Watch

LIVESTOCK:

It was a rough week for livestock prices weighed down by concerns of a slowing economy combined with lower U.S. stock prices. USDA's reports of increased export sales for beef and pork Friday morning helped give prices an end-of-the week lift, followed by an on-feed report that was largely in line with analyst expectations.

More: Friday Closing Livestock Market Update - Cattle, Hogs End Bearish Week With Higher Closes


GRAINS:

March corn closed down 1 cent per bushel and May corn was down 1/4 cent. March soybeans closed down 8 1/4 cents and May soybeans were down 9 3/4 cents. March KC wheat closed up 16 cents, March Chicago wheat was up 7 cents and March Minneapolis wheat was up 7 3/4 cents. 

For the Week:

March corn finished up 1 1/4 cents, December corn was down 2 3/4. March soybeans closed 21 1/4 cents lower, November beans were down 41 cents. March Chicago wheat finished down 2 1/4, KC March finished up 4 1/4, and Minneapolis March closed 1/2 cent lower for the week.


DAIRY:

Cheese prices held for a period of time at the beginning of spot trading with higher offers posted. Eventually, selling pressure increased with offers steadily lowered in trying to find buyers. Block cheese price fell 9.50 cents closing at $1.8350 with one load traded. An unfilled bid remained a penny lower with two uncovered offers way up at $2.00. Barrel cheese price declined 5.50 cents closing at $1.58 with five loads traded. There was an unfilled bid and two uncovered offers remaining. Dry whey price slipped 0.50 cents closing at 32.50 with two loads traded. Class III futures turned from double-digit gains to mixed prices ranging from 8 cents lower to 15 cents higher. Butter price remained unchanged at $2.3225 with no loads traded. Grade A nonfat dry milk price declined 0.50 cent closing at $1.1750. Class IV futures are 1-5 cents higher with trading activity taking place in only February, May, and November contracts. Butter futures are unchanged to 2.47 cents higher. Dry whey futures are unchanged to 0.50 cent higher.

More: Friday Closing Dairy Market Update - Milk Futures See Less Pressure


FORAGE: This Week's Hay Markets (Forage Fodder Blog)


OUTSIDE MARKETS:

The March U.S. Dollar Index is trading down 0.056 at 101.775. TFebruary crude oil gained $0.98 closing at $81.31 per barrel. The Dow gained 331 points closing at 33,375 while the Nasdaq gained 288 points closing at 11,140.February gold is up $7.70 at $1,931.60, March silver is up $0.21 at $24.08 and March copper is up $0.0325 at $4.2640. March heating oil is up $0.0676, February RBOB is up $0.0483 and February natural gas is down $0.103.




January Beige Book Contains Observations on the Ag Economy

The Federal Reserve Board released its January 2023 Beige Book Update, which summarizes current economic conditions in each district. The summary includes agricultural conditions in several districts. The Fed in Atlanta said ag conditions were little changed from the previous report but did note Florida citrus yields were down notably due to Hurricane Ian. The Chicago Fed says after a strong year in the district, agricultural income will be lower in 2023 but still see solid returns. The St. Louis branch says inflation-adjusted farm incomes are near a 50-year high and leading to optimism for this year despite rising input costs. The Minneapolis Fed says ag conditions were stable as farm incomes and working capital remained strong heading into this year. Ag conditions in the San Francisco district remained in generally weak condition. Dollar sales were up but down in volume. Rainfall continued to improve soil moisture in the Dallas Fed’s district.  




Thursday, January 19, 2023

This Week's Drought Summary (1/19)

An atmospheric river brought heavy rain and high-elevation snow across part of the West, leading to drought improvements in California, the Pacific Northwest, the northern Rockies and the Great Basin. A band of heavy rainfall, combined with severe weather, impacted the Southeast, leading to areas of drought improvement in Georgia. Meanwhile, persistent dryness led to the expansion of drought in the Carolinas. Drought in the High Plains remains largely unchanged; much of the excess moisture is tied up in snowpack and its effects on soil moisture and groundwater recharge remain to be seen. Drought expanded across parts of the South where short-term moisture deficits on top of longer-term drought continue to build.



Northeast

Much of the Northeast remains drought-free except for lingering long-term moderate (D1) drought across eastern Long Island. Despite recent improvement, precipitation departures are close to 6 inches below normal over the last 60 days. The U.S. Geological Survey also shows persistently low streamflow and groundwater levels. Abnormal dryness (D0) expanded across southern New Jersey and in the Eastern Panhandle of West Virginia where short-term precipitation departures continue to grow, streamflows remain low and soils are dry.

Southeast

The Southeast saw a mix of drought improvement and expansion. A swath of heavy precipitation stretched from Alabama to Virginia. The excess rainfall improved areas of abnormal dryness (D0) in Alabama; severe and moderate (D1-D2) drought and abnormal dryness in Georgia; D0 and D1 conditions in South Carolina; and abnormal dryness in Virginia. Short-term rainfall deficits, streamflow and soil moisture showed improvement in these areas. South Carolina and North Carolina, however, saw expansions of D0 and D1 in areas that missed out on the heaviest rain. Precipitation deficits range from 4 to 6 inches over the last 90 days. Streamflow, groundwater and soil moisture are also low.

South

Much of Oklahoma and Texas missed out on this week’s precipitation events, resulting in the expansion of drought. In Oklahoma, temperatures averaged 10 to 13 degrees above normal over the previous 2 weeks while precipitation has been less than 50% of normal over the past 4 months. Extreme (D3) drought expanded in response to well-below-normal (10th percentile or lower) measurements of streamflow, groundwater and soil moisture conditions. Texas also saw a swath of degradations from the north-central region to South Texas where short-term moisture deficits, on top of longer-term drought, have continued to build, and streamflow, soil moisture and groundwater levels range from below (10th to 24th percentile) to well below normal (10th percentile or lower). In the eastern part of the region, last week’s rainfall erased lingering areas of abnormal dryness.

Midwest

The Midwest saw a mix of drought improvement and expansion last week. Heavy precipitation (150 to over 300% of normal) in Ohio and Indiana led to improvements in moderate (D1) drought and abnormal dryness (D0) where streamflows and soil moisture show signs of recovery. Missouri, though, saw an expansion of severe (D2) drought based on increasing precipitation deficits (6 to 12 inches over the last 6 months) and declining streamflows. Continued below-normal precipitation led to an expansion of D0 in Illinois and far southeast Wisconsin as streamflows have begun to decline.

High Plains

Much of the High Plains remained in a holding pattern last week. Areas that received abundant snowfall over the Water Year are slow to make improvements due to the long-term nature of drought in the region. Until spring melt shows verified evidence of soil moisture and groundwater recharge, it will be difficult to tell how much effect snow has had on drought conditions. Severe (D2) drought improved in eastern North Dakota, which has received 16 to 20 inches of snow this season. No areas deteriorated significantly, except for areas of abnormal dryness (D0) in South Dakota and Colorado.



West

The long-term drought continues across California, the Great Basin and parts of the Pacific Northwest. However, a barrage of atmospheric river events – streams of moisture in the atmosphere that transport water vapor from the tropics – has reduced the drought intensity over the past few weeks. In California, 1-category improvements were made along the Northern Coast, around the Delta and along the South Coast region. While precipitation over much of the state was over 300% of normal over the previous 2 weeks (2 to 12.5 inches, depending on location), deficits have been years in the making. While this last round of rain has helped return smaller reservoirs to the historical averages, many of the larger reservoirs still remain below the historical average for this time of year. Historically, long-term drought is interrupted by a period of abnormally wet weather. However, it’s too early to tell if the wet weather is enough to end the drought. Many other parts of the West also saw improvements to drought and abnormally dry areas. In Oregon, 1-category improvements were made to extreme (D3) and severe (D2) drought in the southeast and near Klamath County based on above-average snow water equivalent and improvements to long-term indicators such as 6- to 24-month precipitation and shallow groundwater. In Idaho, severe (D2) and moderate (D1) drought improved where precipitation deficits over the past 12 months and streamflows show improvement. In Utah, areas of D3 and D2 improved based on precipitation in excess of 300% of normal (3 to 10 inches, depending on location) over the last 30 days and its resulting effect on streamflows, soil moisture, and groundwater. Heavy precipitation helped erase areas of abnormal dryness in parts of Washington, Oregon, western Wyoming, western Colorado, Arizona and New Mexico. The only places in the West seeing an expansion of drought were Oregon and Colorado. In Oregon, D1 was introduced in the south Willamette Valley and central Oregon Cascades and D1 and D2 expanded in the north-central part of the state. These expansions were in response to below-normal water-year-to date precipitation on top of longer-term deficits and groundwater impacts.



Caribbean

In Puerto Rico, no changes were made to the map this week.

Variable rainfall across the U.S. Virgin Islands led to no changes in the depiction, with short-term dryness (D0-S) persisting on St. Thomas and St. Croix. Rainfall was heavier on St. John, which remained free of dryness, with 2 to 3 inches reported at the two volunteer (CoCoRaHS) observation sites. The observer at Windswept Beach, St. John, received measurable rain on each of the first 16 days of January, totaling 3.89 inches – above the long-term January mean of just under 3 inches.

Meanwhile, December 1 – January 16 rainfall totaled less than 50 percent normal at the airport observation sites on St. Thomas and St. Croix. During that 47-day period, rainfall totaled just 2.06 inches at King Airport on St. Thomas and 1.94 inches at Rohlsen Airport on St. Croix. CoCoRaHS observations showed isolated heavier showers during the 7-day drought-monitoring period, with weekly amounts ranging from 0.20 to 0.75 inch on St. Thomas and 0.23 to 2.20 inches on St. Croix. U.S. Geological Survey well observations exhibited slight increases in depth to water on St. Thomas and St. Croix, consistent with short-term dryness.

Pacific

In Alaska, no changes were made to the map this week.

In Hawaii, dry conditions continued. Kauai, Oahu, Maui and the Big Island all saw drought conditions worsen as rainfall deficits increased, leading to reductions in streamflow and stressed vegetation, as well as island-specific impacts. For example, on Maui, the county water treatment facility near Kaanapali shut down due to a lack of streamflow. On the Big Island, catchment supplies are running out and pastures are not growing so ranchers have been forced to haul water.

In the U.S.-Affiliated Pacific Islands (USAPI), the only change was to remove abnormal dryness from Ulithi in the Federated States of Micronesia (FSM), due to weekly rainfall totaling more than 6 inches. As a result, the only USAPI location with any drought designation was Kapingamarangi, FSM, which remained in severe drought (D2-SL). Elsewhere in the FSM, data from Pingelap was again missing, while a few other locations have trended drier in recent days but are not yet candidates for abnormal dryness.

In contrast, ample rain continued to fall across the Republic of Palau, while extremely wet conditions have prevailed this month in the Marianas and American Samoa. In the Marianas, Guam International Airport netted 13.66 inches (452 percent of normal) during the first 17 days of January, within reach of the two highest January totals on record: 18.09 inches in 1976 and 16.89 inches in 2014. The Republic of the Marshall Islands (RMI) experienced a decrease in rainfall during the drought-monitoring period, but remained wet in the wake of early-January downpours. For example, Mili, RMI, received weekly rainfall of 2.26 inches, following the previous week’s 9.39-inch deluge. Data for Utirik, RMI, remained missing.

Looking Ahead

The National Weather Service Weather Prediction Center forecast for the remainder of the week (valid January 18 – January 20) calls for a winter storm to bring freezing rain and snowfall to the High Plains and Upper Midwest. To the southeast, showers and thunderstorms are expected with localized areas of heavy rainfall. Chances will increase for a wintry mix of snow, sleet and freezing rain along the East Coast as the storm system moves into the northeast on Thursday. Much of the southern U.S. can expect unseasonably warm temperatures. Meanwhile, another storm system is expected to move southeastward through the Pacific Northwest into the Northern Rockies, the Great Basin, California and the Desert Southwest, bringing rain and snow at lower elevations and heavier mountain snow. Moving into next week (valid January 21 – January 25), the forecast calls for a storm system to track from the central Plains to the Northeast, bringing strong winds and wintry weather to the northern regions and rain to the south. At 8 – 14 days, the Climate Prediction Center Outlook (valid January 25 – January 31) calls for below-normal temperatures over most of the country except for the Northeast, Southeast and Alaska. The Northeast can expect near-normal temperatures, while the Southeast and Alaska have the greatest probability of warmer-than-normal temperatures. Most of the U.S. can expect near- to slightly above-normal precipitation. Only the Pacific Northwest and northern Minnesota have increased odds for below-normal precipitation.



Monday, January 16, 2023

Bureau of Reclamation, Pacific Northwest Region - Storage Reservoirs in the Upper Snake River (1/16)



Average daily streamflows indicated in cubic feet per second.
Reservoir levels current as of midnight on date indicated.

Upper Snake River system is at 36 % of capacity.
(Jackson Lake,Palisades, Grassy Lake,Island Park,Ririe,American Falls,LakeWalcott)
  
Total space available:2594979 AF
Total storage capacity:4045695 AF


Friday, January 13, 2023

Friday Market Watch

 LIVESTOCK:

It was rather impressive that the live cattle contracts were able to round out Friday's market slightly higher despite the fact that cash cattle traded $1.00 to $2.00 lower. The feeder cattle market, unfortunately, can't say the same as higher corn prices kept its market depressed, but the lean hog complex did close mostly higher as pork cutout values closed higher. Hog prices closed lower on the Daily Direct Afternoon Hog Report, down $0.80 with a weighted average of $71.80 on 3,652 head. 

From Friday to Friday, the livestock futures scored the following changes: February live cattle up $0.95, April live cattle up $0.22; January feeder cattle down $1.45, March feeder cattle down $2.78; February lean hogs down $1.63, April lean hogs down $2.38; March corn up $0.21, May corn up $0.20.

More: Friday Closing Livestock Market Update - Cash Cattle Trade Lower but Doesn't Drag the Live Cattle Contracts Lower


GRAINS:

March corn closed up 4 cents and July corn was up 2 1/4 cents. March soybeans closed up 9 1/4 cents and July soybeans were up 6 1/2 cents. March KC wheat closed up 8 3/4 cents, March Chicago wheat was up 1 cents and March Minneapolis wheat was unchanged.

For the week:

March corn closed up 21 cents and July corn was up 15 1/2 cents. March soybeans ended up 35 1/4 cents and July soybeans were up 23 1/4 cents. March KC wheat closed up 11 3/4 cents, March Chicago wheat was up 1/4 cent and March Minneapolis wheat was up 10 1/2 cents.


DAIRY:

Traders have been unable to determine a trend for Class III futures, while Class IV futures have been in a downtrend. Butter price has been fairly stable, while nonfat dry milk continues to weaken, putting pressure on Class IV futures. Milk production is steady to higher with limited reports of any substantial impact on milk production so far in California other than plant delays and some delivery delays. Otherwise, there remains sufficient milk for both bottling and manufacturing. On the World Agricultural Supply and Demand report, USDA reduced domestic use of milk on a fat basis for the year by 700 million pounds, leaving ending stocks unchanged at 14.7 billion pounds. On a skim solids basis, they increased the ending stocks estimate by 300 million pounds to 11.5 billion pounds, while reducing domestic use by 200 million pounds to a total of 182.0 billion pounds.

More: Friday Closing Dairy Market Update - Class IV Futures Under Pressure All Week


FORAGE: This Week's Hay Markets (Forage Fodder Blog)



OUTSIDE MARKETS:

The March U.S. Dollar Index is trading down 0.04 at 101.96. February crude oil gained $1.47, closing at $79.86 per barrel. The Dow gained 113 points, ending at 34,303, while the Nasdaq gained 78 points, closing at 11,079. February gold is up $24.00 at $1,922.80, March silver is up $0.38 at $24.39 and March copper is up $0.0185. February ultra-low sulfur diesel is up $0.0461, February RBOB gasoline is up $0.0589 and February natural gas is down $0.295.




This Week's Drought Summary (11/21)

The trend of the past few weeks toward generally increased precipitation across the Contiguous 48 states continued this week, with several s...