mi-press-releases

News Release
NR-13-02
January 2, 2013

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

December Agricultural Prices

Prices received by Michigan farmers for the full month of November 2012 and 
mid-month prices as of December 15, 2012 are listed in the table below.

Some Michigan highlights were: December corn at $6.80 per bushel, is up $0.09 
from November and up $1.16 from last year; December soybeans at $14.20 per 
bushel, is up $0.40 from last month and up $3.00 from last year; December 
milk at $22.20 per cwt, is down $0.20 from last month, but up $1.60 from last 
year. 

The U.S. preliminary All Farm Products Index of Prices Received by Farmers in 
December, at 201 percent, based on 1990-1992=100, decreased 5 points (2.4 
percent) from November. The Crop Index is down 8 points (3.4 percent) and the 
Livestock Index remained unchanged. Producers received lower prices for milk, 
lettuce, turkeys, and eggs and higher prices soybeans, broilers, cattle, and 
grapes.  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, milk, broilers, and hay offset decreased 
marketing of corn, soybeans, cattle, and grapes.

The December Index of Prices Paid for Commodities and Services, Interest, 
Taxes, and Farm Wage Rates (PPITW) is 217 percent of the 1990-1992 average. 
The index is down 1 point (-0.5 percent) from November but 11 points (5.3 
percent) above December 2011. Lower prices in December for concentrates, 
complete feeds, LP gas, and gasoline more than offset higher prices for 
feeder pigs, feeder cattle, nitrogen, and potash and phosphate.

                Prices received by farmers, December 2012               
------------------------------------------------------------------------
                        :       Michigan        :     United States     
                        :-----------------------------------------------
        Commodity       :  Dec  :  Nov  :  Dec  :  Dec  :  Nov  :  Dec  
                        :2011 1/:2012 1/:2012 2/:2011 1/:2012 1/: 2012  
------------------------------------------------------------------------
                        :                    Dollars                    
                        :                                               
Beans, dry edible....Cwt: 49.50   38.10   37.50   42.00   39.20   36.70 
Corn..................Bu:  5.64    6.71    6.80    5.86    7.02    7.01 
Hay, all.............Ton:112.00  237.00  215.00  174.00  193.00  192.00 
Oats..................Bu:   (D)     (D)     (D)    3.57    3.92    3.78 
Potatoes.............Cwt: 11.90   11.50   11.90    9.06    7.39    7.26 
Soybeans..............Bu: 11.20   13.80   14.20   11.50   14.30   14.70 
Wheat, winter.........Bu:  6.12    8.28    7.65    6.41    8.38    8.24 
........................:                                               
Milk, all............Cwt: 20.60   22.40   22.20   19.70   22.00   21.10 
------------------------------------------------------------------------
1/ Entire month weighted average price.                                 
2/ Mid-month price.                                                     
(D) Withheld to avoid disclosing data for individual operations.