Extension Update is a weekly summary of news from Extension, government, and other attributable sources, focused on marketing, farm management, and other issues that are of interest to Midwestern farm owners and operators.
Corn planting is nearly complete and Iowa State’s Bob Wisner estimates a 2 mil. acre reduction in corn plantings vs. USDA’s March intentions report. His reasons include:
Even with reasons to plant more beans, Extension’s Wisner doubts it will happen:
Bob Wisner at Iowa State says dropping the yield to 149 bu. and reducing acreage by 2 mil. would cut the projected ending carryover to a 2 week supply. But he says, “It is unlikely that the actual carryover would be that low. More likely, the lower acreage and yield would increase corn prices enough to ration out 300-400 mil. bu. of demand.”
The price decline following the February highs illustrates the existence of downside price risk, says Outlook Specialist Melvin Brees of the University of Missouri. “Lower prices could occur if production meets expectations and large trading funds continue to liquidate their long futures positions. The anticipa¬tion of large corn production and limited storage availability suggests weak harvest time basis as well.”
Missouri’s Melvin Brees says, “Market plans should be adjusted to reflect changes in production expectations, but that doesn’t necessarily mean avoiding sales. Plans should remain in place to make sales that capture profitable prices. If produc¬tion concerns limit the amount of sales that can comfortably be made using cash contracts, other strategies can be used to protect prices.” Read more of Brees’ Decisive Marketing newsletter.
This is weird, but Iowa and USDA officials say there is no more evidence of soybean rust in Iowa last year, other than one leaf found in a grain bin. Nothing else in the bin, nor in the harvested field, nor in any neighboring fields. They have called in USDA’s Office of the Inspector General to get to the bottom of this mystery near Oskaloosa, IA.
Corn rootworms may be hatching this weekend. IL Extension entomologists say in most years, the annual hatch occurs near the end of May or early June. The estimated dates of corn rootworm larval hatch for central Illinois over the past 11 years range from May 16 to about June 1. Within a day or so they will be picnicking on your corn roots.
Bug Roundup. With young plants growing in your field, bugs are finding tasty treats:
Insect-induced defoliation can significantly delay soybean canopy development, which provides more sunlight for weeds to grow and compete with the crop, directly affecting your subsequent weed management plans. NE weed specialists say soybeans with 30-60% of insect damage do actually have a shorter weed control window and potentially fewer weed control options. Spraying an insecticide to control bean leaf beetles may actually widen the herbicide application window and increase weed control options.
If your herbicide label suggests higher rates “if weeds are under adverse environmental conditions,” that generally means dry soil or low air temperatures. But IL weed specialist Aaron Hager says high relative humidity, adequate soil moisture, and moderate to warm air temperatures all favor enhanced herbicide absorption. And if those conditions favor rapid herbicide absorption into weeds, crops will soak it up also, resulting in injury. Here is an environmental chart.
Corn trying to grow in dry soil faces a number of challenges, says Extension’s Emerson Nafziger. Read his analysis.
*USDA’s latest cattle on feed repor*t put the inventory at 11.30 mil., down 2.3% from ‘06 with net April placements at 1.47 mil. head down 4.4%. NE Extension’s Darrel Mark says, “Cattle supplies may be a little tighter in the upcoming months than thought. This would be supportive to prices in early summer as the market approaches its seasonal low. Look for fed cattle prices to average close to $90/cwt for the summer quarter.”
If DDGS are available and economical, new research at the Univ. of IL indicates they can be fed up to 35% to nursery and growing-finishing pigs, but a 20% rate is maximum for finishing diets. That is the conclusion of a comprehensive report on swine diets.
Stu Ellis