mi-press-releases

News Release
NR-12-40
June 29, 2012

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

June Agricultural Prices

Prices received by Michigan farmers for the full month of May 2012 and mid-
month prices as of June 15, 2012, according to USDA, NASS, Michigan Field 
Office, are listed in the table below. According to USDA, NASS, Michigan 
Field Office, Michigan highlights were: June corn at $6.10 per bushel, is 
down $0.08 from May and down $0.67 from last year; June soybeans at $13.50 
per bushel, is down $0.20 from last month; June milk at $16.30 per cwt, is 
down $0.50 from last month, and down $5.30 from last year.

U.S.  preliminary All Farm Products Index of Prices Received by Farmers in 
June, at 181 percent, based on 1990-1992=100, increased 3 points (1.7 
percent) from May. The Crop Index is up 2 points (1.0 percent) and the 
Livestock Index increased 1 point (0.7 percent). Producers received higher 
prices for hogs, oranges, eggs, and broccoli and lower prices for hay, corn, 
soybeans, and broilers. 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 wheat and hay offset the 
decreased marketing of oranges, corn, cattle, and strawberries. The 
preliminary All Farm Products Index is up 1 point (0.6 percent) from June 
2011. The Food Commodities Index, at 170, increased 4 points (2.4 percent) 
from last month but decreased 1 point (0.6 percent) from June 2011.

The June Index of Prices Paid for Commodities and Services, Interest, Taxes, 
and Farm Wage Rates (PPITW) is 215 percent of the 1990-1992 average. The 
index is unchanged from May but 12 points (5.9 percent) above June 2011. 
Higher prices in June for complete feeds, concentrates, nitrogen, and 
supplements offset lower prices for diesel, hay & forages, LP gas, and 
gasoline.

                  Prices received by farmers, June 2012                 
------------------------------------------------------------------------
                  :     :       Michigan        :     United States     
                  :     :-----------------------:-----------------------
     Commodity    :Unit :  Jun  :  May  :  Jun  :  Jun  :  May  :  Jun  
                  :     :2011 1/:2012 1/:2012 2/:2011 1/:2012 1/:2012 2/
------------------------------------------------------------------------
                  :     :                    Dollars                    
                  :     :                                               
Beans, dry edible : Cwt : 40.10   43.00   43.40   32.90   47.00   44.60 
Corn              : Bu  :  6.44    6.24    6.05    6.32    6.34    6.22 
Hay, all          : Ton :102.00  109.00  113.00  171.00  190.00  199.00 
Oats              : Bu  :  4.31    4.52     (D)    3.55    3.81    3.76 
Potatoes          : Cwt :   (S)     (S)     (S)   11.17   10.75    9.86 
Soybeans          : Bu  : 12.60   13.70   13.50   13.20   13.70   13.70 
Wheat, winter     : Bu  :  7.01    6.31    6.20    7.80    6.47    6.18 
                  :     :                                               
Milk, all         : Cwt : 20.60   17.30   16.90   19.60   16.80   16.40 
------------------------------------------------------------------------
(D)  Withheld to avoid disclosing data for individual operations.       
(S)  Insufficient number of reports to establish an estimate.           
1/   Entire month weighted average price.                               
2/   Mid-month price.