October Agricultural Prices Received
Released: Ocrober 31, 2008
For more information contact: Christel Pachl at 1-800-835-2612.
 
September full month crop prices were mixed when compared to August 2008, according to USDA, National Agricultural Statistics Service, Montana Field Office. Montana's winter wheat price was $7.26 per bushel, down $0.52 from August, spring wheat decreased $0.14 to $8.23 per bushel, but durum wheat gained $0.20 to reach $12.10 per bushel. Feed barley increased $0.27 from the previous month to $4.06 per bushel, and malt barley was up $0.51 to $6.23 per bushel.

The mid-October price for alfalfa hay dropped $10.00 from September to $122.00 per ton and all other hay was down $2.00 to $104.00 per ton. The mid-October grain prices were all lower with winter wheat at $5.85 per bushel, spring wheat was $6.78 per bushel, durum wheat was $9.34 per bushel, feed barley was $2.75 per bushel, and malt barley was $5.81 per bushel.

Livestock prices for the full month of September were mixed when compared to August 2008. Steers and heifers increased $1.00 to $104.00 per cwt, but cows decreased $5.00 to $50.90 per cwt. The price for beef cattle rose $2.40 to $95.00 per cwt, and calves jumped $3.00 to $111.00 per cwt. Sheep prices decreased $2.50 to $15.50 per cwt and lambs dropped $4.20 to $96.80 per cwt. The full month September milk price decreased $1.10 per cwt from August to $19.40. Mid-October steers and heifers were $107.00 per cwt, cows were $45.80 per cwt, beef cattle were $94.10 per cwt, calves were $112.00 per cwt, and milk was $19.00 per cwt.

Nationally, prices for September and changes from August were as follows: winter wheat was $6.99 per bushel, down $0.32, spring wheat was $7.77 per bushel, down $0.45, durum wheat was $11.80 per bushel, down $0.60, oats were $3.29 per bushel, up $0.14, all barley was $5.74 per bushel, up $0.63, steers and heifers were $99.30 per cwt, down $0.70, calves were $113.00 per cwt, down $3.00, sheep were $23.80 per cwt, down $2.50, lambs were $99.60 per cwt, unchanged from August, all hogs were $52.70 per cwt, down $7.90, and all milk was $18.20 per cwt, down $0.20.

The U.S. mid-October crops prices were as follows: winter wheat was $5.29 per bushel, spring wheat was $6.60 per bushel, durum wheat was $9.82 per bushel, all wheat was $5.79 per bushel, oats were $2.71 per bushel, malt barley was $5.57 per bushel, feed barley was $3.47 per bushel, all barley was $4.97 per bushel, alfalfa hay was $172.00 per ton, and other hay was $122.00 per ton. The mid-October livestock prices were as follows: Steers and heifers were $93.80 per cwt, cows were $49.20 per cwt, beef cattle were $88.60 per cwt, calves were $108.00 per cwt, all milk was $17.60 per cwt, all hogs were $50.70 per cwt, and all eggs were $1.02 per dozen.

The preliminary All Farm Products Index of Prices Received by Farmers in October, at 145 percent, based on 1990-92=100, decreased 9 points (5.8 percent) from September. The Crop Index is down 17 points (9.8 percent) and the Livestock Index decreased 5 points (3.8 percent). Producers received lower prices for corn, soybeans, wheat, and cattle and higher prices for sweet corn, broccoli, lettuce, and eggs. 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 soybeans, corn, cottonseed, and cotton offset decreased marketings of milk, wheat, sweet corn, and grapes.
 
MONTANA AVERAGE FARM PRICES RECEIVED

BASE MONTH:
September 2008
U
N
I
T
    Monthly Average Change From Mid-Month Avg.
MONTANA U.S. Prev Mo Prev Yr Montana U.S.
Sept
2007
Aug
2008
Sept
2008
Sept
2008
Aug
2008
Sept
2007
Oct 15
2008
Oct 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.
6.25
7.05
6.12
6.26
3.74
3.76
3.73
2.62
7.78
11.90
8.37
7.96
5.65
3.79
5.72
N/A
7.26
12.10
8.23
7.83
6.12
4.06
6.23
2.89
6.99
11.80
7.77
7.43
5.74
4.50
6.07
3.29
-0.52
+0.20
-0.14
-0.13
+0.47
+0.27
+0.51
N/A
+1.01
+5.05
+2.11
+1.57
+2.38
+0.30
+2.50
+0.27
5.85
9.34
6.78
6.35
5.66
2.75
5.81
N/A
5.29
9.82
6.60
5.79
4.97
3.47
5.57
2.71
Alfalfa Hay
All Other Hay
All Hay Baled
Ton
Ton
Ton
78.00
74.00
77.00
128.00
120.00
127.00
132.00
106.00
128.00
176.00
122.00
161.00
+4.00
-14.00
+1.00
+54.00
+32.00
+51.00
122.00
104.00
119.00
172.00
122.00
157.00
Steer & Heifers
Cows
Beef Cattle 2/
Calves
Sheep 3/
Lambs 3/
All Milk
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
107.00
48.70
97.10
130.00
20.70
102.00
22.50
103.00
55.90
92.60
108.00
18.00
101.00
20.50
104.00
50.90
95.00
111.00
15.50
96.80
19.40
99.30
54.50
94.40
113.00
23.80
99.60
18.20
+1.00
-5.00
+2.40
+3.00
-2.50
-4.20
-1.10
-3.00
+2.20
-2.10
-19.00
-5.20
-5.20
-3.10
107.00
45.80
94.10
112.00
N/A
N/A
19.00
93.80
49.20
88.60
108.00
N/A
N/A
17.60
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.
Top of Page