News

A little less-profitable on the farm in July

Wisconsin Organic Farm

The Index of Prices Received by Farmers in July decreased 5.7 percent from June as farmers received lower prices for cattle, broilers, strawberries and lettuce. Prices were higher for soybeans, corn, sweet corn and cantaloupes.

The Crop Index was 2.3 percent lower than June. Corn averaged $3.80 per bushel up 22 cents, soybeans increased 38 cents to average $9.96 per bushel, all wheat was 20 cents lower at $5.23 per bushel and all-hay averaged $156 per ton down $6 from June. Alfalfa hay averaged $169 down $9 from June.

The Livestock Index fell 5 percent. Beef cattle averaged $149 per hundredweight down $6, hogs were $1.20 lower at $58.70 per hundredweight and all-milk dropped 30 cents to $16.60 per hundredweight. Broilers were 11 cents cheaper at 51 cents per pound, turkeys increased 3.6 cents to 84.8 cents per pound and eggs decreased 12 cents to $1.81 per dozen.

The Index of Prices Paid by Farmers in July was unchanged from June. Lower prices for feeder cattle, feeder pigs and fertilizer were offset by higher prices for complete feeds, concentrates, feed grains and dairy cows.

Compared to a year ago, Prices Received by Farmers were down 10 percent while Prices Paid by Farmers were 3.5 percent lower than July of 2014.

Read the full NASS report here:

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!