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PRICES

May 1, 1997

USDA, National Agricultural Statistics Service   |  1222 Woodward Street   |  Orlando, Florida 32803   |  407 / 648-6013


PRICES RECEIVED BY FLORIDA FARMERS

    Prices received by cattle producers in mid-April were mostly higher compared with the entire month of March. Hogs were up $3.00 per cwt from last month and $2.20 more than last year. Cows at $36.90 per cwt was unchanged from the previous month but $6.80 higher than a year earlier. Steers and heifers were $2.70 higher than last month and $25.50 more than April 1996. Calves averaged $5.00 more than a month earlier and $39.90 more than the previous year.

    Milk price estimates for April averaged $16.60 per cwt, 30 cents above a month earlier and 40 cents more than the previous year. Commercial broilers at 39.0 cents per pound were down 3.0 cents from last month but 3.0 cents more than April 1996.

U.S. PRICE INDEXES

    The All Farm Products Index of Prices Received in April was 106 based on 1990-92=100, down 1 point (0.9 percent) from March. Price decreases from March for tomatoes, strawberries, eggs, and broilers were offset by price increases for hogs, onions, wheat, and lettuce. The seasonal changes in the mix of commodities farmers sell also affect the overall Index level. Lower seasonal marketings of soybeans, corn, cotton, and wheat more than offset the relatively higher marketings of cattle, milk, oranges, and strawberries. These changes accounted for virtually all of the one point decrease in the overall Index.



    Compared with April 1996, the All Farm Products Index was 2 points (1.9 percent) lower. Price decreases from April 1996 for corn, eggs, wheat, and potatoes more than offset price increases for cattle, hay, hogs, and calves.

PRICES PAID INDEX UNCHANGED

    The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) was 117 percent of the 1990-92 average. The Index was unchanged from March but was 3 points (2.6 percent) above April 1996. Since March 1997, higher prices for feed, livestock purchases, fuels, and seeds contributed to the increase.

SUMMARY TABLE
Index
1990-92=100
1996     1997
Mar Apr Mar Apr
Prices Received 109 108 107 106
Prices Paid 114 114 117 117
Ratio 1/ 96 95 91 91
1/ Ratio of Index of Prices Received to Prices Paid.



Average prices received by farmers 1/
Commodity Unit Florida United States
April
1996
March
1997
April
1997
April
1996
March
1997
April
1997
Meat animals:
    Hogs $ per cwt 43.20 42.40 45.40 49.70 49.40 53.30
    Cows $ per cwt 30.10 36.90 36.90 29.40 36.90 38.50
    Steers & heifers $ per cwt 41.50 64.30 67.00 58.10 67.90 68.20
    Calves $ per cwt 48.10 83.70 88.70 55.10 80.00 82.10
Milk: 2/
    Sold to plants, all $ per cwt 16.20 16.30 16.60 13.90 13.60 13.50
Poultry:
    Com'l broilers Cents per lb. 36.0 42.0 39.0 34.9 38.0 37.1
    Table eggs Cents per doz. 65.0 57.0 57.0 64.9 60.5 53.2
Citrus, on tree:
    Oranges $ per box 6.21 3.13 4.38 6.11 3.88 4.65
    Grapefruit $ per box 2.13 0.28 0.59 2.23 0.71 1.16
    Limes $ per bu. ** ** ** ** ** **
    Tangerines $ per box 18.98 10.24 12.83 12.31 10.41 7.81
Field crops:
    Potatoes $ per cwt 18.60 16.00 13.00 7.83 5.12 4.65
    Hay, baled $ per ton ** ** ** 88.90 108.00 117.00
    Tobacco, Type 11-37 Cents per lb. ** ** ** 160.5 190.0 **
    Peanuts Cents per lb. ** ** ** ** ** **
    Corn* $ per bu. 3.85 2.79 2.79
    Oats* $ per bu. 2.13 1.90 1.90
    Cotton* Cents per lb. 78.9 69.4 69.4
    Sorghum* $ per cwt 7.29 4.37 4.45
    Soybeans* $ per bu. 7.43 7.97 8.03
    Wheat, Winter* $ per bu. 5.40 3.98 4.26
1/ Eggs and hay estimates are midmonth prices. Prices for the latest month are midmonth estimates for grains and soybeans, and mostly first half of month for meat animals. Other estimates are for the entire month.
2/ Before deductions for hauling and government withholding, and includes quantity and other premiums, but excludes hauling subsidies.
* Only marketing year average prices estimated for Florida, except oats and sorghum which are not estimated.
** Not estimated this month.


Average prices paid by farmers for feed, by regions, April 1997
Item Farm production regions 1/ 2/
Appala-
chian
 Corn 
Belt
Delta Lake
States
Moun-
tain
North-
east
Northern Plains Pacific South- east Southern
Plains
United
States
Ton
Dairy feed:
  14% protein 206 187 200 238 212 187 190 221 202
  16% protein 209 229 203 212 251 216 221 187 246 226 215
  18% protein 229 247 213 229 216 230
  20% protein 217 265 209 243 212 238
  32% protein 338 379 311 379 361 334 362 293 306 277 362
Beef cattle Conct.,
  32-36% Protein 321 360 263 364 321 324 310 343 293 272 325
Hog feed:
  14-18% protein 262 250 244 243 284 256 246 243 280 273 252
  38-42% protein 386 389 366 393 438 407 371 343 403 377 389
Poultry feed:
  Broiler grower 283 297 240 319 293 286 258 351 270
  Chick starter 272 322 265 324 297 304 283 304 284
  Laying feed 223 273 224 273 271 260 251 240 239 266 251
  Turkey grower 264 314 311 297 319 287 302 309 305 356 305
Cwt
Alfalfa meal 14 .70 13 .30 13 .00 13 .40 13 .50 15 .70 11 .40 16 .70 13 .10 13 .40 13 .60
Alfalfa pellets 15 .30 13 .10 13 .00 13 .40 12 .50 16 .30 10 .80 14 .50 14 .40 12 .90 13 .40
Bran 13 .90 13 .70 13 .80 12 .90 14 .90 13 .20 13 .10 17 .20 16 .10 15 .40 14 .20
Corn meal 9 .20 8 .50 9 .70 7 .30 10 .30 10 .90 7 .80 12 .90 10 .60 10 .60 9 .30
Cottonseed
meal, 41% 17 .00 17 .10 14 .50 16 .70 18 .50 13 .50 14 .50 22 .10 16 .60 14 .90 17 .20
Molasses, Liquid 13 .00 14 .90 9 .10 11 .50 13 .40 9 .40 10 .40 14 .40 10 .20 8 .80 12 .20
Soybean
meal, 44% 18 .50 16 .70 17 .70 16 .40 22 .70 18 .00 16 .50 24 .00 19 .70 18 .40 17 .70
50 lbs.
Stock salt 4 .60 4 .00 3 .30 3 .90 3 .70 5 .40 2 .80 4 .00 4 .20 3 .50 3 .92
1/ Appalachian: KY, NC, TN, VA, WV; Corn Belt: IL, IN, IA, MO, OH; Delta: AR, LA, MS; Lake States: MI, MN, WI; Mountain: AZ, CO, ID, MT, NV, NM, UT, WY; Northeast: CT, DE, ME, MD, MA, NH, NJ, NY, PA, RI, VT; North Plains: KS, NE, ND, SD; Pacific: CA, OR, WA. Southeast: AL, FL, GA, SC; Southern Plains: OK, TX;
2/ Items left blank were not surveyed.


PRICES PAID BY FARMERS

PRODUCTION INDEX: The farm production, goods, and services Index for April 1997, at 117, was up 0.9 percent from a month earlier and 2.6 percent higher than April last year. Since March 1997, higher prices for feed, livestock purchases, fuels, and seeds contributed to the increase.

FEED: At 128, the feed Index increased 0.8 percent from March but fell 1.5 percent from April a year ago. Higher April prices for complete feeds and hay pushed the Index higher.

LIVESTOCK AND POULTRY: The Index for livestock and poultry purchases was 94, up 5.6 percent from last month and up 36 percent from last April. Higher April feeder cattle and calf prices contributed most to the increase.

FUELS: The fuel Index, at 105, rose 1.0 percent from last month but was unchanged from April 1996. Higher gasoline prices since March more than offset lower LP gas.


SEEDS: At 120, the seeds Index rose 2.6 percent from April 1996. Since last surveyed in April 1996, prices were higher for tall fescue seed and all field crop seeds except barley, potatoes, and spring wheat.

FERTILIZER: The April Index, at 124, was the same as March but down 3.1 percent from April 1996. Since last year, lower prices for nitrogen fertilizers more than offset slight gains in potash and phospate materials.

FARM MACHINERY: The farm machinery Index, at 124, was unchanged from March. Since April 1996, the Index advanced 2.4 percent. Prices for all types of equipment were higher than a year ago with planting equipment showing the largest increase.

CONSUMER PRICE INDEX: The March 1997 Consumer Price Index for all urban consumers (CPI-U) increased 0.3 percent before seasonal adjustment to a level of 160.0 (1982-84+=100). For comparison, the February Index was 159.6. For the 12-month period ending in March, the overall Index increased 2.8 percent.


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