Prices received by cattle producers in mid-July were mostly
higher compared with the entire month of June. Hogs at $52.50 per cwt
were 30 cents per cwt above June and $21.00 per cwt above July
2003. The mid-month price for cows at $54.30 per cwt, was $2.90
above last month and $13.30 higher than last year. Steers and heifers
at $98.20 per cwt were unchanged from the previous month but $18.60
more than a year earlier. Calves at $127.00 per cwt, were $3.00 and
$32.50 above last month and last year, respectively. The milk cow
price was $1,900 per head, up from the last reported price of $1,700 in
April, 2004.
The Florida milk price estimate for July was $22.10 per cwt,
$3.10 less than last month but $8.30 more than last year. The
commercial broiler price at 54.0 cents per pound was 1.0 cent more than
a month earlier and 13.5 cents higher than July 2003. Table eggs at
46.0 cents per dozen were 7.0 cents below a month earlier and 5.0 cents
less than the previous year.
The preliminary All Farm Products Index of Prices Received
by Farmers in July at 122, based on 1990-92=100, is 6 points
(4.7 percent) below the June Index. Declines occurred in both the Crop
Price Index and the Livestock Price Index. The Crop Index, declined
6 points (4.9 percent) from June while the Livestock Index decreased
5 points (3.8 percent). Producers received higher commodityprices for oranges, asparagus, sweet corn, and snap beans. Lower prices
were received for dairy, corn, soybeans, and cattle. The seasonal change
in the mix of commodities farmers sell, based on the past 3-year
average, also affects the overall Index. Increased average marketings of
grapes, wheat, tomatoes, and hay offset decreased marketings of dairy,
cantaloup, asparagus, and oranges. The preliminary All Farm Products
Index is up 17 points (16 percent) from July 2003.
The Food Commodities Index declined five points
(3.8 percent) from last month to 125, 20 points (19 percent) above July
2003.
The July Index of Prices Paid for Commodities and Services,
Interest, Taxes, and Farm Wage Rates (PPITW) is 134 percent of the
1990-92 average. The Index is unchanged from June but 7 points
(5.5 percent) above July 2003. Lower prices in July for feed
concentrates, complete feeds, feed grains, and hay & forages are offset
by higher prices for feeder cattle, milk cows, nitrogen fertilizers, and
diesel fuel.
| Index Summary Table | ||||
|
Index 1990-92=100 |
2003 | 2004 | ||
|---|---|---|---|---|
| June | July | June | July | |
| Prices Received | 107 | 105 | 128 | 122 |
| Prices Paid | 127 | 127 | 134 | 134 |
| Ratio 1/ | 84 | 83 | 96 | 91 |
| 1/ Prices Received/Prices Paid. | ||||
| Average price received by farmers 1/ | |||||||
| Commodity | Unit | Florida | United States | ||||
|---|---|---|---|---|---|---|---|
|
July 2003 |
June 2004 |
July 2004 |
July 2003 |
June 2004 |
July 2004 |
||
| Meat animals: | |||||||
| Hogs | $ per cwt. | 31.50 | 52.20 | 52.50 | 42.70 | 56.60 | 56.90 |
| Cows | $ per cwt. | 41.00 | 51.40 | 54.30 | 44.90 | 53.60 | 55.90 |
| Steers & heifers | $ per cwt. | 79.60 | 98.20 | 98.20 | 78.90 | 93.50 | 91.10 |
| Calves | $ per cwt. | 94.50 | 124.00 | 127.00 | 102.00 | 125.00 | 128.00 |
| Milk: 2/ | |||||||
| Sold to plants, all | $ per cwt. | 13.80 | 25.20 | 22.10 | 12.10 | 18.20 | 16.20 |
| Poultry: | |||||||
| Com'l broilers | Cents per lb. | 40.5 | 53.0 | 54.0 | 36.0 | 52.0 | 52.0 |
| Table eggs | Cents per doz. | 51.0 | 53.0 | 46.0 | 52.4 | 49.6 | 39.9 |
| Citrus, on tree: | |||||||
| Oranges | $ per box | ** | 3.25 | ** | 3.91 | 3.94 | 9.84 |
| Grapefruit | $ per box | ** | ** | ** | 8.84 | 9.65 | 9.43 |
| Tangerines | $ per box | ** | ** | ** | ** | ** | ** |
| Field crops: | |||||||
| Potatoes | $ per cwt | ** | ** | ** | 6.30 | 6.49 | 6.59 |
| Hay, baled | $ per ton | ** | ** | ** | 89.00 | 95.20 | 90.40 |
| Tobacco, Type 11-37 | $ per lb. | 1.705 | ** | ** | 1.790 | ** | ** |
| Peanuts | $ per lb. | ** | ** | ** | ** | 0.199 | ** |
| Corn* | $ per bu. | 2.17 | 2.79 | 2.42 | |||
| Oats* | $ per bu. | 1.46 | 1.61 | 1.50 | |||
| Cotton* | Cents per lb. | 46.3 | 60.5 | 59.3 | |||
| Sorghum* | $ per cwt | 3.63 | 4.58 | 4.07 | |||
| Soybeans* | $ per bu. | 5.82 | 9.05 | 8.21 | |||
| Wheat, Winter* | $ per bu. | 2.89 | 3.47 | 3.34 | |||
|
1/ Eggs, broilers and hay prices are midmonth estimates. Prices for the latest month for grains and soybeans are midmonth estimates. Prices for most meat animals
are first half of month and other estimates are for the entire month. 2/ Before deductions for hauling and government withholding, and includes quantity and other premiums, but excludes hauling subsidies. * Only marketing year average prices are estimated for Florida, except oats and sorghum which are not estimated. ** Not estimated this month. |
|||||||
The July Index is 116, down 4.9 percent from June but 6.4 percent
above July 2003. From June, Index decreases for feed grains and
hay, oil-bearing crops, and food grains more than offset an Index
increase for fruits and nuts.
Food Grains: The July Index, at 114, is 5.8 percent below the
previous month but 16 percent greater than July 2003. The July all
wheat price, at $3.36 per bushel, is down 22 cents from the June
price but 41 cents above July 2003.
Feed Grains & Hay: The July Index is 110, down 9.8 percent
from last month but 7.8 percent above July 2003. The corn price, at
$2.42 per bushel, is down 37 cents from June but 25 cents above the
July 2003 price. The all hay price, at $90.40 per ton, is down $4.80
from last month but $1.40 above July 2003.
Oil-Bearing Crops: The July Index, at 147, is down 8.7 percent
from the June Index but 41 percent above July 2003. The soybean
price, at $8.21 per bushel, is down 84 cents from June but $2.39
above July 2003.
Cotton: The July Index, at 98, is down 2.0 percent from last
month but 29 percent above July 2003. The cotton price, at
59.3 cents per pound, is down 1.2 cents from June but 13 cents
above July 2003.
Potatoes & Dry Beans: The July Index, at 111, is unchanged
from the June Index but 5.7 percent above July 2003. The all potato
price, at $6.59 per cwt, is up 10 cents from the previous month and
29 cents above last July.
Fruits & Nuts: The July Index, at 127, is up 4.1 percent from the
previous month and 5.0 percent above July 2003. Price increases for
oranges and lemons more than offset price decreases for grapes,
strawberries, and apples. Commercial Vegetables: The July Index, at 108, is down
5.3 percent from last month and 11 percent below July 2003. Price
decreases for head lettuce, onions, and cauliflower more than offset
price increases for asparagus, sweet corn, and snap beans.
LIVESTOCK & PRODUCTS
The July Index, at 128, is down 3.8 percent from last month but up
27 percent from July 2003. Compared with a year ago, prices are
higher for broilers, dairy, all cattle, hogs, turkeys, and calves, but
lower for eggs.
Meat Animals: The July Index, at 121, is down 0.8 percent from
last month but up 20 percent from last year. The July hog price of
$56.90 per cwt is up $0.30 from June and up $14.20 from this same
time a year ago. The July beef cattle price of $87.50 is down $2.00
from last month but up $11.70 from July 2003.
Dairy Products: The July Index, at 124, is down 11 percent from
June but up 33 percent from July 2003. The July all milk price of
$16.20 per cwt is down $2.00 from June but up $4.10 from last year.
The fluid grade milk price is down $2.10 from last month while the
manufactured grade milk price is down $2.00.
Poultry & Eggs: The Index, at 145, is down 1.4 percent from
June but 33 percent above a year ago. July market egg prices are
39.9 cents per dozen, a 20 percent decrease from June. The July
broiler price is 52.0 cents per pound, equal to the record high set last
month. This high price is due to continued strong domestic protein
demand, the summer barbeque season, and foreign demand. The
July turkey price, at 43.6 cents per pound, is up 1.6 cents from last
month. Cumulative placements of turkey poults for the slaughter
market are 5 percent below last year.
|
Prices Received for Selected Agricultural Commodities, by months, United States, 2003 and 2004 |
||||||||||
| Month | All wheat | Corn | Soybeans | Beef cattle 1/ | All hogs | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2004 2/ | 2003 | 2004 2/ | 2003 | 2004 2/ | 2003 | 2004 2/ | 2003 | 2004 2/ | |
| Dollars per bushel | Dollars per cwt | |||||||||
| Jan | 3 .89 | 3 .68 | 2 .33 | 2 .39 | 5 .51 | 7 .34 | 72 .90 | 80 .90 | 32 .90 | 36 .80 |
| Feb | 3 .70 | 3 .77 | 2 .34 | 2 .61 | 5 .55 | 8 .28 | 73 .90 | 78 .50 | 34 .30 | 42 .60 |
| Mar | 3 .55 | 3 .83 | 2 .33 | 2 .75 | 5 .59 | 9 .27 | 72 .60 | 83 .40 | 34 .70 | 47 .20 |
| Apr | 3 .37 | 3 .88 | 2 .34 | 2 .89 | 5 .82 | 9 .62 | 74 .50 | 84 .80 | 34 .80 | 47 .40 |
| May | 3 .33 | 3 .82 | 2 .38 | 2 .87 | 6 .07 | 9 .57 | 75 .50 | 88 .40 | 41 .30 | 56 .80 |
| Jun | 3 .08 | 3 .58 | 2 .34 | 2 .79 | 6 .09 | 9 .05 | 74 .90 | 89 .50 | 45 .00 | 56 .60 |
| Jul | 2 .95 | 3 .36 | 2 .17 | 2 .42 | 5 .82 | 8 .21 | 75 .80 | 87 .50 | 42 .70 | 56 .90 |
| Aug | 3 .34 | 2 .15 | 5 .68 | 79 .30 | 39 .60 | |||||
| Sep | 3 .39 | 2 .20 | 6 .06 | 84 .90 | 39 .70 | |||||
| Oct | 3 .45 | 2 .12 | 6 .61 | 91 .50 | 36 .70 | |||||
| Nov | 3 .59 | 2 .20 | 7 .05 | 93 .40 | 34 .70 | |||||
| Dec | 3 .69 | 2 .32 | 7 .17 | 90 .40 | 34 .20 | |||||
|
1/ Cows, steers, and heifers. 2/ Current month prices are mid-month; prices for previous months are for the entire month. |
||||||||||