FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Monday, June 30, 2008
JUNE MILK PRICES INCREASE FROM MAY
Prices received by New York producers for milk sold during May were up from a month earlier, according to Steve Ropel, Director of USDA's National Agricultural Statistics Service, New York Office. The price of eggs, corn, apples, and hay also increased. The price of wheat decreased. Many previous month prices were revised due to more complete sales information.
Dairy farmers in the Empire State received an average of $18.90 per hundredweight of milk sold during June, up $1.00 from May but $3.20 less than June a year ago. Poultry producers received an average of 95.8 cents per dozen eggs sold, up 25 cents from May but 6.8 cents lower than last year.
Grain corn, at $6.51 per bushel, was up 40 cents from May and increased $3.20 from last year. Hay averaged $129.00 per ton, up $5.00 from May and $6.00 more than June 2007. Wheat averaged $8.64 per bushel, down 57 cents from last month but $3.50 more than last year. Fresh Apples at the packing house door were 38.3 cents per pound, 10.9 cents more than last year at this time.
The preliminary All Farm Products Index of Prices Received by Farmers in June, at 162 percent, based on 1990-92=100, increased 11 points (7.3 percent) from May. The Crop Index is up 19 points (11 percent) and the Livestock Index increased 3 points (2.2 percent). Producers received higher prices for corn, soybeans, milk, and lettuce and lower prices for strawberries, cantaloups, and wheat. 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 wheat, hay, grapes, and cantaloupes offset decreased marketings of tomatoes, oranges, strawberries, and sweet corn. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.