AVERAGE PRICES RECEIVED BY IOWA FARMERS ALL HAY, BALED - DOLLARS PER TON --------------------------------------------------------------------------- 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 --------------------------------------------------------------------------- JAN 21.00 24.20 18.30 17.50 17.70 20.20 21.20 19.20 17.60 20.10 FEB 19.50 23.20 18.10 18.30 17.10 20.20 21.00 19.30 16.90 19.40 MAR 19.40 22.50 17.30 17.20 16.60 18.50 19.70 18.80 16.50 19.30 APR 20.50 22.30 17.90 17.80 15.90 18.10 19.70 17.70 16.40 18.30 MAY 20.30 21.20 18.60 17.50 16.10 18.50 17.90 16.70 18.90 17.90 JUN 21.00 18.50 16.20 16.70 15.10 15.40 17.90 15.90 18.50 15.40 JUL 22.10 17.00 14.80 14.60 15.00 16.70 16.40 14.60 19.80 15.30 AUG 21.90 18.00 16.30 14.90 17.10 17.40 17.50 14.00 19.80 15.20 SEP 23.00 17.00 15.20 14.70 18.40 18.10 18.50 15.60 19.20 14.30 OCT 23.40 18.30 15.20 16.10 18.70 19.20 17.80 15.50 18.80 15.20 NOV 22.50 18.40 15.90 16.00 19.50 19.80 18.50 16.50 19.60 14.80 DEC 23.70 18.50 16.90 17.30 19.10 21.20 19.30 17.10 21.10 16.00 CALENDAR YR AVG 21.53 19.93 16.73 16.55 17.19 18.61 18.78 16.74 18.59 16.77 PRICE --------------------------------------------------------------------------- 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 --------------------------------------------------------------------------- JAN 16.20 13.60 13.90 15.00 20.30 17.80 19.50 19.50 23.50 21.20 FEB 14.70 13.70 14.70 15.60 20.10 17.70 19.00 19.50 24.50 20.70 MAR 14.50 12.90 15.20 15.00 20.80 17.70 18.00 19.50 22.50 20.90 APR 14.30 14.00 16.30 14.60 18.60 16.20 17.00 19.90 20.90 19.60 MAY 13.50 12.40 15.60 14.60 16.30 16.70 17.50 21.50 21.40 19.60 JUN 12.60 11.70 14.60 14.60 15.50 16.70 17.00 21.80 19.90 19.10 JUL 12.10 12.00 13.40 15.10 15.30 18.00 16.00 21.40 19.10 19.40 AUG 12.00 13.50 13.40 15.60 14.80 17.50 16.50 20.40 18.70 18.60 SEP 12.40 13.30 13.60 14.80 16.30 18.20 18.00 21.40 19.90 19.40 OCT 12.70 14.30 14.20 15.30 16.80 18.00 18.30 21.20 19.20 19.40 NOV 12.90 14.90 14.50 15.40 17.30 18.50 18.50 21.10 19.90 19.60 DEC 13.80 15.40 14.40 15.80 17.30 19.50 19.30 21.90 20.10 19.60 CALENDAR YR AVG 13.48 13.48 14.48 15.12 17.45 17.71 17.88 20.76 20.80 19.76 PRICE --------------------------------------------------------------------------- 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 --------------------------------------------------------------------------- JAN 20.10 20.60 21.90 21.20 22.00 25.00 35.00 55.00 55.50 74.50 FEB 20.40 21.40 21.90 21.50 22.60 26.00 38.50 53.50 56.50 74.50 MAR 19.70 22.40 21.90 21.90 22.50 25.50 40.00 52.50 52.00 70.00 APR 19.70 23.40 20.40 20.70 22.00 26.50 41.00 56.00 50.00 64.50 MAY 19.30 21.40 19.00 19.70 20.50 24.00 39.00 53.00 52.00 61.00 JUN 18.50 19.90 18.50 19.20 20.00 23.50 34.00 48.00 51.00 53.00 JUL 18.60 18.40 19.00 19.70 20.50 22.50 34.00 44.50 54.00 52.00 AUG 18.60 19.40 19.50 20.70 21.00 25.00 39.50 47.00 53.00 44.50 SEP 18.60 19.40 19.50 20.80 21.50 25.50 39.00 49.50 60.50 38.50 OCT 18.70 20.10 20.40 20.70 22.00 26.00 44.00 50.50 63.00 37.50 NOV 19.70 20.60 20.40 21.20 21.50 28.50 48.50 50.50 65.00 40.50 DEC 20.20 20.20 21.20 21.40 23.00 31.00 54.00 54.50 69.00 43.50 CALENDAR YR AVG 19.34 20.60 20.30 20.73 21.59 25.75 40.54 51.21 56.79 54.50 PRICE --------------------------------------------------------------------------- 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 --------------------------------------------------------------------------- JAN 46.50 47.00 55.00 48.50 56.00 54.00 81.00 57.00 53.00 41.00 FEB 45.50 51.50 53.50 48.00 60.00 55.00 85.00 55.00 52.00 43.00 MAR 44.50 53.50 48.50 48.50 64.00 56.00 82.00 52.00 52.00 41.00 APR 43.00 52.00 42.00 49.50 64.00 55.00 83.00 48.00 48.00 41.00 MAY 43.00 52.50 41.00 50.50 59.00 57.00 82.00 46.00 46.00 41.00 JUN 37.00 45.00 42.00 46.00 57.00 55.00 76.00 44.00 45.00 43.00 JUL 38.00 38.00 48.50 49.00 52.00 54.00 63.00 42.00 36.00 39.00 AUG 37.50 39.50 51.50 50.00 49.00 54.00 57.00 44.00 34.00 39.00 SEP 39.00 44.50 53.00 50.00 49.00 68.00 55.00 45.00 36.00 40.00 OCT 43.50 45.00 56.00 52.00 51.00 72.00 57.00 46.00 37.00 40.00 NOV 47.50 49.50 52.50 53.00 52.00 70.00 59.00 46.00 41.00 41.00 DEC 44.50 51.50 50.50 54.00 52.00 72.00 61.00 48.00 40.00 44.00 CALENDAR YR AVG 42.46 47.46 49.50 49.92 55.42 60.17 70.08 47.75 43.33 41.08 PRICE --------------------------------------------------------------------------- 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 --------------------------------------------------------------------------- JAN 42.00 84.00 76.00 62.00 68.00 80.00 101.00 78.00 83.00 118.00 FEB 45.00 90.00 74.00 66.00 67.00 81.00 99.00 80.00 82.00 116.00 MAR 48.00 93.00 73.00 63.00 66.00 82.00 96.00 81.00 84.00 115.00 APR 48.00 96.00 72.00 58.00 66.00 80.00 91.00 81.00 87.00 112.00 MAY 49.00 97.00 69.00 58.00 69.00 79.00 92.00 83.00 90.00 117.00 JUN 52.00 97.00 70.00 59.00 80.00 85.00 88.00 87.00 102.00 116.00 JUL 67.00 80.00 63.00 54.00 82.00 79.00 76.00 76.00 94.00 117.00 AUG 82.00 77.00 61.00 57.00 76.00 85.00 73.00 76.00 93.00 108.00 SEP 83.00 76.00 60.00 59.00 71.00 89.00 73.00 74.00 95.00 110.00 OCT 78.00 73.00 60.00 57.00 70.00 89.00 74.00 72.00 98.00 109.00 NOV 79.00 74.00 62.00 60.00 73.00 92.00 76.00 77.00 102.00 110.00 DEC 81.00 76.00 65.00 66.00 77.00 97.00 78.00 81.00 109.00 112.00 CALENDAR YR AVG 62.83 84.42 67.08 59.92 72.08 84.83 84.75 78.83 93.25 113.33 PRICE --------------------------------------------------------------------------- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 --------------------------------------------------------------------------- JAN 110.00 86.00 78.00 85.00 93.00 86.00 86.00 91.00 FEB 105.00 80.00 79.00 85.00 87.00 78.00 81.00 82.00 MAR 104.00 73.00 79.00 88.00 86.00 80.00 87.00 85.00 APR 101.00 70.00 79.00 90.00 86.00 78.00 90.00 81.00 MAY 99.00 73.00 76.00 91.00 88.00 76.00 90.00 76.00 JUN 92.00 73.00 72.00 87.00 84.00 75.00 86.00 77.00 JUL 85.00 69.00 78.00 90.00 81.00 70.00 78.00 73.00 AUG 82.00 70.00 76.00 85.00 82.00 73.00 81.00 77.00 SEP 79.00 66.00 74.00 86.00 82.00 78.00 84.00 75.00 OCT 78.00 71.00 79.00 92.00 82.00 80.00 83.00 80.00 NOV 84.00 77.00 77.00 90.00 79.00 80.00 84.00 DEC 87.00 77.00 81.00 95.00 87.00 82.00 82.00 CALENDAR YR AVG 92.17 73.75 77.33 88.67 84.75 78.00 84.33 PRICE ----------------------------------------------------------------------------