New York Field Office
"Fact Finders for Agriculture"
FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Monday, March 3, 2008
FEBRUARY MILK PRICES DECREASE
Prices received by New York producers for milk sold during February decreased from a month earlier, according to Steve Ropel, Director of USDA's National Agricultural Statistics Service, New York Field Office. The price of soybeans, eggs, and hay also decreased. The price of corn, apples, wheat, and potatoes increased. Many previous month prices were revised due to more complete sales information.
Dairy farmers in the Empire State received an average of $19.70 per hundredweight of milk sold during February, $1.60 less than January but $4.60 more than February a year ago. Poultry producers received an average of $1.25 per dozen eggs sold, down 3 cents from January but 62 cents higher than last year.
Grain corn, at $4.87 per bushel, was up 37 cents from January and increased $1.48 from last year. Hay averaged $111.00 per ton, down $2.00 from January and $10.00 less than February 2007. Soybeans, at $11.47 per bushel, were down 76 cents from January but $5.27 over last year. Wheat averaged $9.02 per bushel, up $2.08 from last month and $4.61 more than last year. Potatoes, at $12.10 per hundredweight, were unchanged from last month but increased $1.10 from February 2007. Fresh Apples at the packing house door were 32 cents per pound, 4 cents more than last year at this time.
The preliminary All Farm Products Index of Prices Received by Farmers in February, at 145 percent, based on 1990-92=100, was unchanged from January. The Crop Index is up 1 point (0.6 percent) and the Livestock Index increased 1 point (0.8 percent). Producers received higher commodity prices for wheat, soybeans, corn, and hogs and lower prices were received for milk, lettuce, broccoli, and tomatoes. 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 milk, cattle, broilers, and eggs offset decreased marketings of corn, soybeans, wheat, and cotton. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.