FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Monday, June 2, 2008
MAY MILK PRICES DECREASE FROM APRIL
Prices received by New York producers for milk sold during May were down from a month earlier, according to Steve Ropel, Director of USDA=s National Agricultural Statistics Service, New York Field Office. The price of eggs, corn, and hay also decreased. The price of wheat, oats, apples, 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 $17.60 per hundredweight of milk sold during May, down 60 cents from April and 40 cents less than May a year ago. Poultry producers received an average of 70.8 cents per dozen eggs sold, down 15.7 cents from April but 8.8 cents higher than last year.
Grain corn, at $5.85 per bushel, was down 1 cent from April but increased $2.23 from last year. Hay averaged $124.00 per ton, down $20.00 from April but $1.00 more than May 2007. Oats averaged $3.92 per bushel, up 19 cents from last month and up $1.91 from May 2007. Wheat averaged $9.35 per bushel, up 15 cents from last month and $4.85 more than last year. Potatoes, at $12.30 per hundredweight, were up 10 cents from last month and increased 70 cents from May 2007. Fresh Apples at the packing house door were 37.5 cents per pound, 9.8 cents more than last year at this time.
The preliminary All Farm Products Index of Prices Received by Farmers in May, at 150 percent, based on 1990-92=100, increased 5 points (3.4 percent) from April. The Crop Index is up 4 points (2.4 percent) and the Livestock Index increased 5 points (3.9 percent). Producers received higher prices for hogs, cattle, onions, and broilers and lower prices for eggs, lettuce, wheat, and broccoli. 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 cantaloupes, grapes, sweet corn, and wheat offset decreased marketings of cattle, milk, corn, and apples. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.