FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Tuesday, September 2, 2008
AUGUST MILK PRICES DECREASE FROM JULY
Prices received by New York producers for milk sold during August were down 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 decreased. The price of wheat, potatoes, and eggs increased. Many previous month prices were revised due to more complete sales information.
Dairy farmers in the Empire State received an average of $19.00 per hundredweight of milk sold during August, down $1.00 from July and $3.70 less than August a year ago. Poultry producers received an average of 88.3 cents per dozen eggs sold, up 23.6 cents from July and 9.9 cents higher than last year.
Grain corn, at $5.60 per bushel, was down 71 cents from July but increased $1.67 from last year. Potatoes, at $18.80 per hundredweight, were up $4.80 from last year at this time. Hay averaged $163.00 per ton, down $5.00 from July but up $41.00 from August 2007. Wheat averaged $7.53 per bushel, up 19 cents from last month and $1.53 more than last year. Oats, at $3.20 per bushel, were down 4 cents from July but increased $1.20 from last year.
The preliminary All Farm Products Index of Prices Received by Farmers in August, at 155 percent, based on 1990-92=100, decreased 4 points (2.5 percent) from July. The Crop Index is down 7 points (3.8 percent) and the Livestock Index declined 1 point (0.7 percent). Producers received lower prices for corn, broilers, soybeans, and milk. Higher prices were realized for wheat, hogs, eggs, and strawberries. 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 cattle, grapes, sweet corn, and potatoes offset decreased marketings of wheat, hay, milk, and broilers. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.