FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Monday, November 3, 2008
OCTOBER MILK PRICES DECREASE FROM SEPTEMBER
Prices received by New York producers for milk sold during October 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, wheat, and hay also decreased. The price of apples, eggs, potatoes, and oats increased. Many previous month prices were revised due to more complete sales information.
Dairy farmers in the Empire State received an average of $17.50 per hundredweight of milk sold during October, down $1.50 from September and $4.90 less than October a year ago. Poultry producers received an average of 91.5 cents per dozen eggs sold, up 3.3 cents from September and 11.3 cents higher than last year.
Grain corn, at $5.26 per bushel, was down 44 cents from September but increased $1.59 from last year. Potatoes, at $16.70 per hundredweight, were up 10 cents from September and up $5.00 from last year at this time. Hay averaged $120.00 per ton, down $33.00 from September but up $4.00 from October 2007. Apples, at 47.1 cents per hundredweight, were up 12.7 cents from last year at this time. Wheat averaged $4.07 per bushel, down $3.06 from last month and $2.71 from last year. Oats, at $3.10 per bushel, were up 6 cents from September and 89 cents from last year.
The preliminary All Farm Products Index of Prices Received by Farmers in October, at 145 percent, based on 1990-92=100, decreased 9 points (5.8 percent) from September. The Crop Index is down 17 points (9.8 percent) and the Livestock Index decreased 5 points (3.8 percent). Producers received lower prices for corn, soybeans, wheat, and cattle and higher prices for sweet corn, broccoli, lettuce, and eggs. 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 soybeans, corn, cottonseed, and cotton offset decreased marketings of milk, wheat, sweet corn, and grapes. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.