June Agricultural Prices Received
Released: June 27, 2008
For more information contact Lindsey Houska 1-800-835-2612.
 
May 2008 full month crop prices were mostly higher when compared with April 2008, according to USDA, National Agricultural Statistics Service, Montana Field Office. When compared with April 2008, Montana's winter wheat price was $9.12 per bushel, up $0.63, spring wheat was up $1.61 to $11.30 per bushel, durum wheat decreased $4.60 to $11.20 per bushel, feed barley was down $0.48 to $4.07 per bushel, malt barley was $6.05 per bushel, up $1.33, and oats were $3.44 per bushel.
The mid-June price for alfalfa hay decreased $15.00 to $84.00 per ton and all other hay decreased $3.00 to $99.00 per ton. Mid-June grain prices were lower when compared with May. The winter wheat price was $8.70 per bushel, spring wheat was $9.31 per bushel, durum wheat was $9.12 per bushel, and feed barley was $3.73 per bushel.

Livestock prices for the full month of May were mixed when compared with the previous month. Steers and heifers were down $0.70 to $98.80 per cwt, but cows increased $3.40 to $54.30 per cwt. The price for calves rose $3.00 to $116.00 per cwt. Sheep were down $4.70 to $19.80 per cwt, but lambs increased $3.00 to $104.00 per cwt. Milk increased $0.40 per cwt to $18.60 per cwt. Mid-month June steers and heifers were $95.80 per cwt, cows were $52.50 per cwt, beef cattle were $75.90 per cwt, calves were $115.00 per cwt, and all milk was $17.30 per cwt.

Nationally, prices for May and changes from April were as follows: winter wheat was $8.17 per bushel, down $1.44, spring wheat was $10.70 per bushel, up $0.20, durum wheat was $13.50 per bushel, down $0.30, all barley was $4.52 per bushel, down $0.02, oats were $3.63 per bushel, up $0.15, steers and heifers were $95.90 per cwt, up $4.30, cows were $53.90 per cwt, up $3.40, beef cattle were $91.10 per cwt, up $4.50, calves were up $3.00 to $119.00 per cwt, sheep were $27.70 per cwt, down $1.10, lambs were $100.00 per cwt, up $0.60 and all milk was $18.40 per cwt, up $0.40.

The U.S. mid-June price for winter wheat was $8.00 per bushel, spring wheat was $10.10 per bushel, durum wheat was $12.10 per bushel, all wheat was $8.28 per bushel, oats were $3.64 per bushel, malt barley was $4.94 per bushel, feed barley was $4.18 per bushel, and all barley was $4.70, steers and heifers were $95.90 per cwt, cows were $53.80 per cwt, calves were $120.00 per cwt, all hogs were $53.60 per cwt, all milk was $19.40 per cwt, and all eggs were $1.06 per dozen.

The preliminary All Farm Products Index is up 25 points (18 percent) from June 2007. The Food Commodities Index, at 157, increased 10 points (6.8 percent) from last month and increased 19 points (14 percent) from June 2007.
 
MONTANA AVERAGE FARM PRICES RECEIVED

BASE MONTH:
May 2008
U
N
I
T
    Monthly Average Change From Mid-Month Avg.
MONTANA U.S. Prev Mo Prev Yr Montana U.S.
May
2007
Apr
2008
May
2008
May
2008
Apr
2008
May
2007
June 15
2008
June 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.
4.81
5.75
4.97
4.95
3.18
2.82
3.31
2.49
8.49
15.80
9.69
9.26
4.65
4.55
4.72
3 .74
9.12
11.20
11.30
10.20
5.28
4.07
6.05
3.44
8.17
13.50
10.70
8.87
4.52
4.99
4.38
3.63
0.63
-4.60
1.61
0.94
0.63
-0.48
1.33
-0.30
4.31
5.45
6.33
5.25
2.10
1.25
2.74
0.95
8.70
9.12
9.31
9.00
3.73
3.73
na
na
8.00
12.10
10.10
8.28
4.70
4.18
4.94
3.64
Alfalfa Hay
All Other Hay
All Hay Baled
Ton
Ton
Ton
92.00
87.00
91.00
89.00
84.00
88.00
99.00
102.00
99.00
177.00
134.00
166.00
10.00
18.00
11.00
7.00
15.00
8.00
84.00
99.00
86.00
172.00
130.00
161.00
Steer & Heifers
Cows
Beef Cattle 2/
Calves
Sheep 3/
Lambs 3/
All Milk
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
98.80
53.90
84.90
114.00
27.80
98.30
16.50
99.50
50.90
88.30
113.00
24.50
101.00
18.20
98.80
54.30
83.70
116.00
19.80
104.00
18.60
95.90
53.90
91.10
119.00
27.70
100.00
18.40
-0.70
3.40
-4.60
3.00
-4.70
3.00
0.40
nc
0.40
-1.20
2.00
-8.00
5.70
2.10
95.80
52.50
75.90
115.00
na
na
17.30
95.90
53.80
91.60
120.00
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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