July Agricultural Prices Received
Released: July 31, 2008
For more information contact Lindsey Houska at 1-800-835-2612.
 
June full month crop prices were mostly lower when compared with May 2008. Montana's winter wheat price was $8.13 per bushel, down $0.99 from the previous month; spring wheat decreased $0.90 to $10.40 per bushel, and durum wheat was down $0.40 to $10.80 per bushel. Feed barley prices decreased $0.62 from the previous month to $3.45 per bushel, but malt barley prices were up $0.44 to $6.49 per bushel.

The mid-July price for alfalfa hay jumped $31.00 to $115.00 per ton and all other hay rose $28.00 to $127.00 per ton. Mid-July grain prices were mostly higher with winter wheat at $8.15 per bushel, spring wheat was $8.22 per bushel, durum wheat was $11.20 per bushel, malt barley was $4.77 per bushel, and feed barley was $4.21 per bushel.

Livestock prices for the full month of June were mostly lower when compared with the previous month. Steer and heifer prices decreased $1.80 to $97.00 per cwt, calves dropped $8.00 to $108.00 per cwt, cows decreased $0.40 to $53.90 per cwt. Sheep prices increased $2.50 to $22.30 per cwt and lambs rose $6.00 to $110.00 per cwt. Milk prices decreased $0.90 per cwt from last month to $17.70 per cwt. Steers and heifers for mid-July were $101.00 per cwt, cows were $59.10 per cwt, calves were $108.00 per cwt, and the all milk price was $18.60 per cwt.

Nationally, prices for June and changes from May were as follows: winter wheat was $7.51 per bushel, down $0.66, spring wheat was $10.10 per bushel, down $0.60, durum wheat was $8.41 per bushel, down $5.09, all barley was $4.75 per bushel, up $0.23, steers and heifers were $96.40 per cwt, up $0.50, calves were $118.00 per cwt, down $1.00, sheep were $24.80 per cwt, down $2.90, lambs were $102.00 per cwt, up $2.00, and all milk was $19.30 per cwt, up $0.90.

The U.S. mid-July winter wheat price was $7.09 per bushel, spring wheat was $8.48 per bushel, durum wheat was $10.80 per bushel, all wheat was $7.29 per bushel, malt barley was $4.57 per bushel, feed barley was $4.68 per bushel, and oats were $3.57 per bushel. Steer and heifer prices were $100.00 per cwt, cows were $56.40 per cwt, calves were $115.00 per cwt, all hogs were $52.50 per cwt, and all eggs were $0.841 per dozen.

The preliminary All Farm Products Index is up 22 points (16 percent) from July 2007. The Food Commodities Index, at 157, increased 2 points (1.3 percent) from last month and increased 17 points (12 percent) from July 2007.
 
MONTANA AVERAGE FARM PRICES RECEIVED

BASE MONTH:
June 2008
U
N
I
T
    Monthly Average Change From Mid-Month Avg.
MONTANA U.S. Prev Mo Prev Yr Montana U.S.
June
2007
May
2008
June
2008
June
2008
May
2008
June
2007
July 15
2008
July 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.
5.04
5.40
5.08
5.07
3.22
3.11
3.23
2.41
9.12
11.20
11.30
10.20
5.28
4.07
6.05
3.44
8.13
10.80
10.40
9.54
4.11
3.45
6.49
na
7.51
8.41
10.10
7.62
4.75
5.53
4.50
3.49
-0.99
-0.40
-0.90
-0.66
-1.17
-0.62
0.44
na
3.09
5.40
5.32
4.47
0.89
0.34
3.26
na
8.15
11.20
8.22
8.31
4.33
4.21
4.77
na
7.09
10.80
8.48
7.29
4.61
4.68
4.57
3.57
Alfalfa Hay
All Other Hay
All Hay Baled
Ton
Ton
Ton
87.00
104.00
90.00
99.00
102.00
99.00
84.00
99.00
86.00
172.00
130.00
161.00
-15.00
-3.00
-13.00
-3.00
-5.00
-4.00
115.00
127.00
116.00
177.00
130.00
164.00
Steer & Heifers
Cows
Beef Cattle 2/
Calves
Sheep 3/
Lambs 3/
All Milk
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
90.40
52.00
73.10
112.00
28.90
102.00
16.50
98.80
54.30
83.70
116.00
19.80
104.00
18.60
97.00
53.90
75.00
108.00
22.30
110.00
17.70
96.40
54.30
92.00
118.00
24.80
102.00
19.30
-1.80
-0.40
-8.70
-8.00
2.50
6.00
-0.90
6.60
1.90
1.90
-4.00
-6.60
8.00
1.20
101.00
59.10
87.20
108.00
na
na
18.60
100.00
56.40
95.70
115.00
na
na
19.40
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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