mi-press-releases

News Release
NR-13-10
February 1, 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

January Agricultural Prices

Prices received by Michigan farmers for the full month of December 2012 and 
mid-month prices as of January 15, 2013 are listed in the table below.

Some Michigan highlights were: January corn at $6.95 per bushel, is up $0.02 
from December and up $0.98 from last year; January soybeans at $13.70 per 
bushel, is down $0.40 from last month but up $2.00 from last year; January 
milk at $20.30 per cwt, is down $1.20 from last month, but up $0.50 from last 
year. 

The U.S. preliminary All Farm Products Index of Prices Received by Farmers in 
January, at 217 percent, based on 1990-1992=100, increased 18 points (9.0 
percent) from December. The Crop Index is up 22 points (9.7 percent) and the 
Livestock Index increased 2 points (1.2 percent). Producers received higher 
prices for lettuce, broilers, cattle, and corn and lower prices for milk, 
soybeans, eggs, and wheat.  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 corn, soybeans, rice and 
strawberries offset the decreased marketing of broilers, milk, wheat, an 
upland cotton.

The January Index of Prices Paid for Commodities and Services, Interest, 
Taxes, and Farm Wage Rates (PPITW) is 221 percent of the 1990-1992 average. 
The index is up 3 points (1.4 percent) from December and 11 points (5.2 
percent) above January 2012. Higher prices in January for cash rent, 
nitrogen, other services, and taxes offset lower prices for diesel, interest, 
complete feeds, and mixed fertilizer.

                Prices received by farmers, January 2013                
------------------------------------------------------------------------
                        :       Michigan        :     United States     
                        :-----------------------------------------------
        Commodity       :  Jan  :  Dec  :  Jan  :  Jan  :  Dec  :  Jan  
                        :2012 1/:2012 1/:2013 2/:2012 1/:2012 1/: 2013  
------------------------------------------------------------------------
                        :                    Dollars                    
                        :                                               
Beans, dry edible....Cwt: 49.70   39.30     (D)   42.10   38.00   35.10 
Corn..................Bu:  5.97    6.93    6.95    6.07    6.87    6.98 
Hay, all.............Ton:109.00  215.00  222.00  172.00  192.00  191.00 
Oats..................Bu:  4.11    4.14     (D)    3.56    3.94    3.93 
Potatoes.............Cwt: 12.30   11.70   12.00    9.23    7.56    7.33 
Soybeans..............Bu: 11.70   14.10   13.70   11.90   14.30   14.10 
Wheat, winter.........Bu:  6.61    7.80    7.55    6.57    8.15    8.08 
........................:                                               
Milk, all............Cwt: 19.80   21.50   20.30   19.00   20.90   20.00 
------------------------------------------------------------------------
1/ Entire month weighted average price.                                 
2/ Mid-month price.                                                     
D/ Withheld to avoid disclosing data for individual operations.