Economic Tidbits

Numbers, Numbers, Numbers…

Continuing the numbers theme this week, below are the latest figures on Nebraska livestock, grain, and potato stocks released by the National Agricultural Statistics Service:

  • Nebraska feedlots with capacities of 1,000 or more head contained 2.45 million cattle on June 1, down 3 percent from last year. Nebraska was second-only to Texas in cattle on feed. 
  • Nebraska’s hogs and pigs inventory was 3.65 million head on June 1, up 1 percent from March 1. 
  • Laying hens in Nebraska during May totaled 7.92 million, up from 5.23 million last year. Nebraska egg production during May totaled 196 million eggs, up from 129 million in 2022.
  • Nebraska corn stocks on June 1 totaled 412 million bushels, down 21 percent from 2022. Stocks equated to 28 percent of last year’s production. Of the total, 230 million bushels are stored on farms, down 6 percent. Off-farm stocks, 182 million bushels, were down 34 percent.
  • Soybeans stored totaled 55.3 million bushels, down 37 percent from last year. Stocks equated to 20 percent of last year’s production. On-farm stocks, 18.5 million bushels, were down 16 percent and off-farm stocks, 36.8 million bushels, were down 45 percent.
  • Wheat stored totaled 8.63 million bushels, down 61 percent from a year ago. On-farm
  • Stocks, 480,000 bushels, were down 40 percent and off-farm stocks, 8.15 million bushels, were down 61 percent.
  • Potatoes in storage in Nebraska on June 1 equaled 300,000 cwt., 3% of the 2022 production.

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