FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Friday, August 1, 2008
JULY MILK PRICES INCREASE FROM JUNE
Prices received by New York producers for milk sold during July were up from a month earlier, according to Steve Ropel, Director of USDA=s National Agricultural Statistics Service, New York Office. The price of corn, hay, and oats also increased. The price of wheat and eggs decreased. Many previous month prices were revised due to more complete sales information.
Dairy farmers in the Empire State received an average of $20.00 per hundredweight of milk sold during July, up $1.10 from June but $2.10 less than July a year ago. Poultry producers received an average of 64.7 cents per dozen eggs sold, down 31.1 cents from June and 24.3 cents lower than last year.
Grain corn, at $7.13 per bushel, was up 75 cents from June and increased $3.76 from last year. Hay averaged $168.00 per ton, up $39.00 from June and $45.00 more than July 2007. Wheat averaged $5.66 per bushel, down $2.83 from last month but 4 cents more than last year. Oats, at $3.90 per bushel, were up $1.05 from June and increased $1.81 from last year.
The preliminary All Farm Products Index of Prices Received by Farmers in July, at 161 percent, based on 1990-92=100, increased 3 points (1.9 percent) from June. The Crop Index is up 3 points (1.6 percent) and the Livestock Index increased 1 point (0.7 percent). Producers received higher prices for cattle, soybeans, broilers, and sweet corn, and lower prices for eggs, wheat, tomatoes, and cucumbers. In addition to prices, the overall index is affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly marketings of wheat, grapes, hay, and tomatoes, offset decreased marketings of milk, cantaloups, potatoes, 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.