August Agricultural Prices Received
Released: August 29, 2008
For more information contact Lindsay Houska at 1-800-835-2612.
 
Montana's July full month crop prices were mixed when compared with June 2008. Montana's winter wheat price was $8.50 per bushel, up $0.37 from June, but spring wheat decreased $0.30 to $10.10 per bushel, and durum wheat prices dropped $0.89 to $9.91 per bushel. Feed barley was up $0.75 from the previous month to $4.20 per bushel, but malt barley decreased $0.83 to $5.66 per bushel.

The mid-August price for alfalfa hay in Montana was up $13.00 from July 2008 to $128.00 per ton, but all other hay was down $7.00 to $120.00 per ton. The mid-August grain prices were mostly lower with winter wheat at $8.52 per bushel, spring wheat was $9.19 per bushel, durum wheat was $11.80 per bushel, feed barley was $3.95 per bushel, and malt barley was $5.28 per bushel.

Montana's livestock prices for the full month of July were mostly higher when compared with the previous month. Steer and heifer prices increased $4.00 to $101.00 per cwt and cows were up $5.20 to $59.10 per cwt. The price for calves dropped $3.00 to $105.00 per cwt, lambs decreased $5.00 to $105.00 per cwt, but sheep rose $3.70 to $26.00 per cwt. Milk prices increased $1.40 from June to $19.10 per cwt in July. Steer and heifer prices for mid-August were $104.00 per cwt, cows were $57.70 per cwt, calves were $106.00 per cwt, and the mid-August milk price was $20.50 per cwt.

Nationally, prices for July and changes from June were as follows: winter wheat was $7.10 per bushel, down $0.41, spring wheat was $9.60 per bushel, down $0.50, durum wheat was $11.80 per bushel, up $3.39, the all barley price was $5.11 per bushel, up $0.36, oats were $3.46 per bushel, down $0.03, steers and heifers were $99.60 per cwt, up $3.20, cows were $56.40 per cwt, up $2.10, calves were $115.00 per cwt, down $3.00, sheep were $26.90 per cwt, up $2.10, lambs were $103.00 per cwt, up $1.00, and the all milk price was $19.40 per cwt, up $0.10.

The U.S. mid-August winter wheat price was $7.70 per bushel, spring wheat was $8.62 per bushel, durum wheat was $12.30 per bushel, malt barley was $5.25 per bushel, feed barley was $4.41 per bushel, all barley was $5.00 per bushel, and oats were $3.17 per bushel. Steer and heifer prices were $100.00 per cwt, cows were $57.60 per cwt, calves were $114.00 per cwt, all hogs were $59.70 per cwt, all eggs were $0.965 per dozen, and the mid-August all milk price was $18.50 per cwt.

The preliminary All Farm Products Index of Prices Received by Farmers in August, at 155 percent, based on 1990-92=100, decreased 4 points (2.5 percent) from July. The Crop Index is down 7 points (3.8 percent) and the Livestock Index declined 1 point (0.7 percent). Producers received lower prices for corn, broilers, soybeans, and milk. Higher prices were realized for wheat, hogs, eggs, and strawberries. 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 marketings of cattle, grapes, sweet corn, and potatoes offset decreased marketings of wheat, hay, milk, and broilers.
 
MONTANA AVERAGE FARM PRICES RECEIVED

BASE MONTH:
July 2008
U
N
I
T
    Monthly Average Change From Mid-Month Avg.
MONTANA U.S. Prev Mo Prev Yr Montana U.S.
July
2007
June
2008
July
2008
July
2008
June
2008
July
2007
Aug 15
2008
Aug 15
2008
Winter Wheat
Durum Wheat
Spring Wheat
Wheat, All
Barley
Feed Barley
Malt Barley
Oats 1/
Bu.
Bu.
Bu.
Bu.
Bu.
Bu.
Bu.
Bu.
5.19
5.94
5.32
5.30
3.77
3.23
3.42
na
8.13
10.80
10.40
9.54
4.11
3.45
6.49
na
8.50
9.91
10.10
9.56
5.57
4.20
5.66
na
7.10
11.80
9.60
7.16
5.11
4.70
5.19
3.46
0.37
-0.89
-0.30
0.02
1.46
0.75
-0.83
na
3.31
3.97
4.78
4.26
1.80
0.97
2.24
na
8.52
11.80
9.19
9.13
5.20
3.95
5.28
na
7.70
12.30
8.62
8.02
5.00
4.41
5.25
3.17
Alfalfa Hay
All Other Hay
All Hay Baled
Ton
Ton
Ton
79.00
90.00
82.00
84.00
99.00
86.00
115.00
127.00
116.00
177.00
130.00
164.00
31.00
28.00
30.00
36.00
37 .00
34.00
128.00
120.00
127.00
180.00
126.00
165.00
Steer & Heifers
Cows
Beef Cattle 2/
Calves
Sheep 3/
Lambs 3/
All Milk
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
90.10
53.70
81.70
114.00
23.30
103.00
19.80
97.00
53.90
75.00
108.00
22.30
110.00
17.70
101.00
59.10
85.10
105.00
26.00
105.00
19.10
99.60
56.40
95.10
115.00
26.90
103.00
19.40
4.00
5.20
10.10
-3.00
3.70
-5.00
1.40
10.90
5.40
3.40
-9.00
2.70
2.00
-0.70
104.00
57.70
93.40
106.00
na
na
20.50
100.00
57.60
96.10
114.00
na
na
18.50
1/ Insufficient sales to establish a price. 2/ Composite of steers, heifers, and cows. 3/ Mid-month prices for sheep and lambs discontinued January 1996.
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