FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Friday, February 1, 2008
JANUARY MILK PRICES DECREASE FROM DECEMBER
Prices received by New York producers for milk sold during January decreased from a month earlier, according to Steve Ropel, Director of USDA's National Agricultural Statistics Service, New York Office. The price of apples, eggs, and hay also decreased. The price of corn, soybeans, 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 $21.60 per hundredweight of milk sold during January, 70 cents less than December but $6.80 more than January a year ago. Poultry producers received an average of $1.28 per dozen eggs sold, down 1 cent from December but 46 cents higher than last year.
Grain corn, at $4.59 per bushel, was up 37 cents from December and increased $1.10 from last year. Hay averaged $113.00 per ton, down $3.00 from December and $11.00 less than January 2007. Soybeans, at $11.44 per bushel, were up $1.08 from December and $5.80 over last year. Wheat averaged $9.02 per bushel, up $2.11 from last month and $4.32 more than last year. Potatoes, at $12.10 per hundredweight, increased 10 cents from last month and increased $1.30 from January 2007. Fresh Apples at the packing house door were 32 cents per pound, 2 cents more than last year at this time.
The preliminary All Farm Products Index of Prices Received by Farmers in January, at 150 percent, based on 1990-92=100, increased 6 points (4.2 percent) from December. The Crop Index is up 16 points (11 percent) but the Livestock Index decreased 4 points (2.9 percent). The All Farm Index and All Crop Index are at record highs. Producers received higher commodity prices for corn, soybeans, broilers, and wheat. Lower prices were received for milk, tomatoes, hogs, and turkeys. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased average marketings of corn, soybeans, cattle, and strawberries offset decreased marketings of grapes, milk, broilers, and cottonseed. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.