FOR IMMEDIATE RELEASE:
Contact: Joe Morse
Wednesday, December 31, 2008
DECEMBER MILK PRICES DECREASE FROM NOVEMBER
Prices received by New York producers for milk sold during December 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, eggs, and apples also decreased. The price of hay 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 $16.00 per hundredweight of milk sold during December, down $1.40 from November and $6.30 less than December a year ago. Poultry producers received an average of 89 cents per dozen eggs sold, down 3.6 cents from November and 40 cents lower than last year.
Grain corn, at $3.79 per bushel, was down 27 cents from November and decreased 43 cents from last year. Potatoes, at $15.90 per hundredweight, were up 20 cents from November and up $3.90 from last year at this time. Hay averaged $118.00 per ton, up $4.00 from November and $2.00 from December 2007. Apples, at 29.7 cents per hundredweight, were down 4.1 cents from last year at this time.
The preliminary All Farm Products Index of Prices Received by Farmers in December, at 133 percent, based on 1990-92=100, decreased 8 points (5.7 percent) from November. The Crop Index is down 11 points (7.1 percent) and the Livestock Index decreased 4 points (3.2 percent). Producers received lower prices for cattle, corn, milk, and soybeans and higher prices for broilers, strawberries, lettuce, and hogs. 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, milk, broilers, and oranges offset decreased marketings of soybeans, corn, cattle, 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.