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PRICES
May 1, 1998

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 higher compared with the entire month of March. Hogs were up $1.70 per cwt from last month but down $12.60 from a year ago. The price for cows at $37.60 per cwt was $1.50 above a month earlier and 80 cents more than April 1997. Steers and heifers were up $2.90 from last month and $7.90 above the previous year. Calves were up $1.80 and $4.30 per cwt from last month and last year, respectively.

    Milk price estimates for April averaged $17.40 per cwt, 10 cents more than a month earlier and $1.10 higher than last year. Commercial broilers at 37.0 cents per pound was unchanged from last month and last year. Table eggs at 49.0 cents per dozen were 5.0 cents lower than the previous month and 6.0 cents less than April 1997.

U.S. PRICE INDEXES

    The All Farm Products Index of Prices Received in April was 105 based on 1990-92=100, up 3 points (2.9 percent) from March. Price increases from March for lettuce, cattle, broilers, and oranges more than offset price decreases for corn, milk, eggs, and soybeans. The seasonal changes in the mix of commodities farmers sell also affect the overall Index level. Higher seasonal marketings of cattle, strawberries, milk, and oranges more than offset the
relatively lower marketings of soybeans, corn, cotton, and wheat. These changes contributed one point of the three point increase in the overall Index.

    Compared with April 1997, the All Farm Products Index was 1 point (0.9 percent) lower. Price decreases from April 1997 for hogs, soybeans, corn, and wheat more than offset price increases for lettuce, strawberries, milk, and tomatoes.

PRICES PAID INDEX UNCHANGED

    The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) was 116 percent of the 1990-92 average. The Index was unchanged from March 1998 but 0.9 percent below April 1997. Since March, lower prices for feed grains, feed supplements, and mixed fertilizers were offset by higher prices for replacement livestock, farm machinery, fuels, and seeds.


SUMMARY TABLE
Index
1990-92=100
    1997 1998
Mar Apr Mar Apr
Prices Received 108 106 102 105
Prices Paid 117 117 116 116
Ratio 1/ 92 91 88 91
1/ Ratio of Index of Prices Received to Prices Paid.


Average price received by farmers 1/
Commodity Unit Florida United States
April
1997
March
1998
April
1998
April
1997
March
1998
April
1998
Meat animals:
    Hogs $ per cwt 45.90 31.60 33.30 53.80 34.80 35.00
    Cows $ per cwt 36.80 36.10 37.60 38.20 36.00 36.50
    Steers & heifers $ per cwt 67.00 72.00 74.90 67.90 64.30 66.40
    Calves $ per cwt 88.30 90.80 92.60 82.20 89.80 90.70
Milk: 2/
    Sold to plants, all $ per cwt 16.30 17.30 17.40 13.20 14.40 14.10
Poultry:
    Com'l broilers Cents per lb. 37.0 37.0 37.0 36.70 35.2 36.5
    Table eggs Cents per doz. 55.0 54.0 49.0 53.0 57.1 49.6
Citrus, on tree:
    Oranges $ per box 4.42 4.61 5.59 4.94 4.75 5.82
    Grapefruit $ per box 0.49 0.34 0.37 0.64 1.03 1.36
    Limes $ per bu. 9.06 ** 15.31 9.06 ** 15.31
    Tangerines $ per box 14.07 8.24 14.20 13.09 8.15 12.87
Field crops:
    Potatoes $ per cwt 13.00 25.00 19.60 4.61 6.25 6.65
    Hay, baled $ per ton ** ** ** 112.00 97.50 101.00
    Tobacco, Type 11-37 Cents per lb. ** ** ** ** 181.5 169.0
    Peanuts Cents per lb. ** ** ** ** ** **
    Corn* $ per bu. 2.80 2.54 2.36
    Oats* $ per bu. 1.87 1.63 1.54
    Cotton* Cents per lb. 67.6 63.4 62.4
    Sorghum* $ per cwt 4.34 4.02 3.79
    Soybeans* $ per bu. 8.23 6.40 6.22
    Wheat, Winter* $ per bu. 4.14 3.15 2.95
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.
*** Price not published to avoid disclosure of individual buyers.


Average prices paid by farmers for feed, by regions, May 1998
Item Farm production regions 1/ 2/
Appalachian Corn
Belt
Delta Lake
States
Mountain North-
east
Northern
plains
Pacific South-
east
Southern
Plains
United
States
Ton
Dairy feed:
    14% protein 180 173 182 209 192 182 179 204 186
    16% protein 185 203 185 190 228 199 202 174 209 209 194
    18% protein 192 224 202 204 202 206
    20% protein 188 225 196 211 192 207
    32-38% protein 298 321 262 309 318 278 314 290 278 248 302
Beef cattle:
    32-36% Protein 276 303 258 305 282 293 286 340 288 262 292
Hog feed:
    14-18% protein 255 221 230 213 270 241 234 224 262 255 227
    38-42% protein 349 306 321 300 401 366 333 333 372 351 317
Poultry feed:
    Broiler grower 284 264 240 276 273 271 246 291 257
    Chick starter 262 284 245 285 280 299 269 296 268
    Laying feed 214 225 184 237 256 216 240 236 226 245 224
    Turkey Grower 241 272 310 263 283 269 262 283 313 363 278
Cwt
Alfalfa meal 15.70 13.50 13.70 13.40 14.20 16.10 11.40 16.40 13.90 13.30 13.80
Alfalfa pellets 15.70 13.40 13.00 13.60 12.60 16.50 10.80 14.60 14.80 12.90 13.60
Bran 13.80 13.10 14.00 12.80 14.10 12.60 13.20 17.10 15.40 15.10 13.80
Corn meal 8.60 7.20 9.10 6.70 10.90 10.20 7.60 12.50 10.10 9.40 8.57
Cottonseed
    Meal, 41% 15.90 15.50 13.90 17.60 18.80 11.50 12.80 20.30 15.00 13.70 16.00
Molasses, Liquid 12.90 14.20 9.00 12.00 12.80 9.40 9.90 14.20 10.20 8.70 11.90
Soybean
    Meal, 44% 17.10 12.00 16.20 11.50 21.30 14.20 13.00 21.90 17.40 17.20 14.30
50 lbs.
Stock salt 4.80 3.90 3.30 3.90 3.80 3.50 2.80 4.10 4.10 3.50 3.91
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, 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.
3/ Insufficient data.


PRODUCTION INDEX: The farm production, goods, and services Index for April 1998, at 114, was the same as last month but down 2.6 percent from a year ago. Since March, lower prices for feed grains, feed supplements, and mixed fertilizers were offset by higher prices for replacement livestock, farm machinery, fuels, and seeds.

FEED: At 111, the feed Index was 0.9 percent below March and 13 percent less than last April. Since March, prices were for lower feed grains and supplements which more than offset higher complete feeds, concentrates, and hay.

LIVESTOCK AND POULTRY: The Index for livestock and poultry purchases was 94, up 3.3 percent from last month but unchanged from last year. Prices were higher in April for both feeder cattle and feeder pigs. Feeder cattle and calf prices, at $80.30 per cwt, were up $2.30 from March. April feeder pig prices rose $1.50 per cwt, to $64.00.

FERTILIZER: The fertilizer Index, at 114, was the same as March but fell 8.1 percent from April a year ago. Since March, slightly higher prices for nitrogen, phosphate, and potash materials were offset by lower prices for mixed fertilizer.

AGRICULTURAL CHEMICALS: At 122, the chemical Index was unchanged from last month but increased 2.5 percent from last year. Lower fungicide prices in April were offset by slightly higher herbicide and insecticide prices.

FUELS: The fuels Index, at 91, was up 2.2 percent from a month earlier but 13 percent below April 1997. Compared to last month, prices were higher for diesel fuel, gasoline, and LP gas, with diesel fuel contributing most to the increase.

SEEDS: At 123, the seeds Index rose 2.5 percent from April 1997. Since the last survey in April 1997, prices were higher for all row crop seeds but prices were lower for all small grain seeds except rice. Seed prices for grasses and legumes were mixed, with tall fescue showing a substantial decline from last year.

FARM MACHINERY: The April farm machinery Index was 132, up 0.8 percent from March and 3.9 percent above last April. Since March, prices were higher for other machinery, self-propelled machinery, and tractors.

CONSUMER PRICE INDES: The March 1998 Consumer Price Index for all urban consumers (CPI-U) rose 0.2 percent before seasonal adjustment to a level of 162.2 (1982-84=100). This compares to the February Index of 161.9. For the 12-month period ending in March, the overall Index has increased 1.4 percent.


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