mi-press-releases News Release NR-11-85 December 1, 2011 U.S. Department of Agriculture National Agricultural Statistics Service Michigan Field Office Michigan Department of Agriculture Post Office Box 30239 Lansing, MI 48909-6248 Phone: (517) 324-5300 Facsimile: (517) 324-5299 E-mail: nass-mi@nass.usda.gov Web site: www.nass.usda.gov Jay V. Johnson, Director November Agricultural Prices Prices received by Michigan farmers for the full month of October 2011 and mid-month prices as of November 15, 2011, according to the USDA, NASS, Michigan Field Office, are listed in the table below. Some Michigan highlights were: corn $5.75 per bushel, up $0.06 from October and up $0.90 from last year; soybeans $11.40 per bushel, down $0.20 from last month; milk $20.80 per cwt, down $0.20 from last month, but up $1.90 from last year. U.S. preliminary All Farm Products Index of Prices Received by Farmers in November, at 185 percent, based on 1990-1992=100, is up 1 point (0.5 percent) from October. The Crop Index is up 5 points (2.5 percent) and the Livestock Index increased 2 points (1.3 percent). Producers received higher prices for corn, lettuce, cattle, and broilers and lower prices for soybeans, hogs, apples, and hay. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of milk, cattle, corn, and cotton offset the decreased marketing of soybeans, peanuts, potatoes, and sunflowers. The preliminary All Farm Products Index is up 31 points (20 percent) from November 2010. The Food Commodities Index, at 171, decreased 2 points (1.2 percent) from last month but increased 22 points (15 percent) from November 2010. The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 205 percent of the 1990-1992 average. The index is unchanged from October but 18 points above (9.6 percent) November 2010. Higher prices in November for feeder cattle, nitrogen, diesel, and mixed fertilizer offset lower prices for complete feeds, concentrates, supplements, and other services. Prices received by farmers, November 2011 --------------------------------------------------------------------------------------- : : Michigan : United States : :-----------------------------:----------------------------- Commodity :Unit:November : October :November :November : October :November : : 2010 1/ : 2011 1/ : 2011 2/ : 2010 1/ : 2011 1/ : 2011 2/ --------------------------------------------------------------------------------------- : : Dollars : : Beans, dry edible : Cwt: 29.20 45.80 45.80 26.70 41.60 44.40 Corn : Bu : 4.85 5.69 5.75 4.55 5.71 6.00 Hay, all : Ton: 98.00 99.00 102.00 110.00 181.00 176.00 Oats : Bu : 2.99 4.19 3.60 3.07 3.70 3.40 Potatoes : Cwt: 10.40 10.20 11.30 8.01 7.33 8.26 Soybeans : Bu : 11.40 11.60 11.40 11.10 11.70 11.50 Wheat, winter : Bu : 5.93 6.27 6.00 6.02 6.54 6.41 : : Calves : Cwt: 95.00 5/ 5/ 125.00 145.00 152.00 Cattle, all beef : Cwt: 77.70 5/ 5/ 94.00 117.00 119.00 Cows, slaughter 3/ : Cwt: 49.00 5/ 5/ 51.50 65.00 65.70 Steers and heifers : Cwt: 90.00 5/ 5/ 101.00 122.00 125.00 Milk, all : Cwt: 18.90 21.00 20.80 17.90 19.90 19.90 Eggs, market 4/ : Doz: 4/ 4/ 4/ 1.02 0.857 0.862 --------------------------------------------------------------------------------------- 1/ Entire month weighted average price. 2/ Mid-month price. 3/ Includes cull dairy cows. 4/ Discontinued at the state level for 2010. 5/ Discontinued at the state level for 2011.