mn-press-releases MINNESOTA AG NEWS USDA, NASS MN Dept of Agriculture MINNESOTA FIELD OFFICE PO Box 7068, St. Paul, MN 55107 Douglas Hartwig, Director Phone: (651) 296-2230 Homepage: http://www.nass.usda.gov/mn/ E-mail: nass-mn@nass.usda.gov --------------------------------------------------------------------------- PRICE REPORT Released: March 30, 2009 --------------------------------------------------------------------------- CORN PRICES UP WHILE SOYBEANS DROP Prices received by Minnesota farmers for corn for March averaged $3.85 per bushel, an increase of $0.16 from the February price according to the USDA, NASS, Minnesota Field Office. Soybeans were down $0.68 to a March price of $8.65 per bushel. The all hog price for March was $44.50 per cwt., a decrease of $0.20 from the February price. The all beef cattle price for March was $71.20 per cwt., a decrease of $0.30 from the February price. The all milk price for March, at $12.40 per cwt., was up 30 cents from February. The preliminary U.S. All Farm Products Index of Prices Received by Farmers in March, at 126 percent, based on 1990-92=100, is unchanged from the February index. The Crop Index is 147, up 0.7 percent from February. The Livestock & Products Index, at 108, is 0.9 percent below February. AVERAGE PRICES RECEIVED BY FARMERS U.S. --------- Minnesota --------- Mar Mar Feb Mar 2009 1/ 2008 2/ 2002 2/ 2009 1/ Commodity And Unit Barley, Feed & Malting, bu........ 4.82 3.81 3/ 4.78 Beans, Dry Edible, All, cwt....... 28.80 39.70 37.40 3/ Corn, bu.......................... 3.96 4.56 3.69 3.85 Hay, All Baled, ton............... 129.00 125.00 114.00 101.00 Alfalfa, Baled, ton............. 137.00 130.00 125.00 115.00 Other, Baled, ton............... 109.00 100.00 85.00 75.00 Oats, bu.......................... 2.11 3.18 1.88 2.00 Potatoes, cwt..................... 9.07 6.05 6.95 7.05 Soybeans, bu...................... 9.13 11.30 9.33 8.65 Sunflowers, All, cwt.............. 21.50 23.80 29.90 3/ Wheat, All, bu.................... 5.85 9.55 6.22 6.20 Calves, cwt....................... 104.00 117.00 107.00 106.00 Cattle, All Beef, cwt 4/.......... 78.50 79.80 71.50 71.20 Cows, cwt, 5/.................... 44.00 54.00 46.60 47.60 Steers & Heifers, cwt............ 83.50 88.60 79.90 79.20 Milk Cows, head 6/................ -- -- -- -- Hogs, All, cwt.................... 44.20 41.40 44.70 44.50 Barrows & Gilts, cwt............. 44.30 41.50 44.70 44.50 Sows, cwt........................ 42.00 23.00 44.70 42.60 Lambs, cwt 7/..................... -- 95.70 100.00 -- Sheep, cwt 7/..................... -- 25.20 32.90 -- Milk, All, cwt.................... 11.50 19.00 12.10 12.40 Eggs, Table Market, doz........... 0.64 1.33 0.68 0.70 1/ Preliminary. 2/ Entire month data. 3/Price not published to avoid disclosure of individual firms. 4/ “cows” and “steers and heifers” combined. 5/ Beef cows and cull dairy cows sold for slaughter. 6/ Animals sold for dairy herd replacement only. Prices published in Jan., Apr., Jul., and Oct. 7/ Preliminary prices discontinued Jan. 1996. U.S. INDEX SUMMARY (1990-92 = 100) Item Feb Mar Feb Mar 2008 2008 2009 2009 Prices Received................................. 146 146 126 126 Prices Paid (Interest, Taxes, Wage Rates).................................. 171 174 174 174 Parity Ratio 1/................................. 85 84 72 72 1/ Computed by dividing Prices Received Index by Prices Paid Index. U.S. INDEX OF PRICES RECEIVED (1990-92 = 100) Commodities Mar Feb Mar 2008 2/ 2009 2/ 2009 1/ All Farm Products............................... 146 *126 126 Crops........................................... 167 *146 147 Meat Animals.................................... 112 *105 104 Dairy Products.................................. 139 *89 88 Poultry & Eggs.................................. 159 141 137 * Revised. 1/ Preliminary. 2/ Entire month data.