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FOR IMMEDIATE RELEASE:

Contact:  Joe Morse

Monday, March 31, 2008

www.nass.usda.gov/ny

MARCH MILK PRICES DECREASE FROM FEBRUARY

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 Office. The price of potatoes also decreased.  The price of corn, wheat, eggs, apples, and hay increased.  Many previous month prices were revised due to more complete sales information.

Dairy farmers in the Empire State received an average of $17.90 per hundredweight of milk sold during March, $1.60 less than February but $2.30 more than March a year ago.  Poultry producers received an average of $1.31 per dozen eggs sold, up 6 cents from February and 61 cents higher than last year.

Grain corn, at $5.51 per bushel, was up 52 cents from February and increased $1.63 from last year.  Hay averaged $121.00 per ton, up $10.00 from February and $4.00 more than March 2007. Wheat averaged $11.67 per bushel, up $3.18 from last month and $7.42 more than last year.   Potatoes, at $11.10 per hundredweight, were down 20 cents from last month and decreased 10 cents from March 2007.  Fresh Apples at the packing house door were 33 cents per pound, 4 cents more than last year at this time. 

The preliminary All Farm Products Index of Prices Received by Farmers in March, at 150 percent, based on 1990-92=100, increased 3 points (2.0 percent) from February. The Crop Index is up 8 points (4.9 percent) but the Livestock Index was unchanged. Producers received higher commodity prices for wheat, corn, lettuce, and eggs and lower prices for milk, snap beans, strawberries, and hogs. In addition to prices, the overall index is affected seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly marketings of strawberries, soybeans, milk, and broilers offset decreased marketings of cattle, corn, cotton, and oranges.  The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.

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3-31-08