Return to the Table of Contents for Publications
PRICES
February 2, 1999

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-January were mixed compared with the entire month of December. Hogs were down $9.40 and $3.00 per cwt from last month and last year respectively. The price for cows at $34.90 per cwt was $4.60 more than a month earlier but 10 cents below last year. Steers and heifers were up $1.40 from the previous month but $9.80 lower than a year earlier. Calves were 30 cents per cwt less than last month and $12.50 less than January 1998.

    Milk price estimates for January averaged $21.90 per cwt, 60 cents more than a month earlier and $4.50 higher than the previous year. Commercial broilers were 38.0 cents per pound, 1.0 cent lower than a month earlier but 4.0 cents more than a year earlier. Table eggs at 49.0 cents per dozen were 11.0 cents less than December 1998 and 7.0 cents less than January of last year.

U.S. PRICE INDEXES

    The All Farm Products Index of Prices Received in January was 98 based on 1990-92=100, down 1 point (1.0 percent) from December. Price increases from December for hogs, tomatoes, cattle, and oranges more than offset price decreases for turkeys, milk, lettuce, and broilers. The seasonal changes in the mix of commodities farms sell also affected the overall Index level. Lower seasonal marketings of cotton, milk, tobacco, and cottonseed more than offset the relatively higher marketings of corn, soybeans, cattle, and rice. These seasonal marketing changes more than offset an increase in prices and accounted for the one point decline in the overall Index.
    Compared with January 1998, the All Farm Products Index was 5 points (4.9 percent) lower. Price decreases from January 1998 for corn, soybeans, hogs, and cattle more than offset price increases for milk, broilers, oranges, and tomatoes


PRICES PAID INDEX UNCHANGED

    The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) was 114 percent of the 1990-92 average. The Index was up 1 point from December but 3 points (2.6 percent) below January 1998. Since December, higher prices for feeder cattle, feeder pigs, hay and forages, and complete feeds more than offset lower prices for diesel fuel, gasoline, nitrogen fertilizers, and feed concentrates.

SUMMARY TABLE
Index
1990-92=100
1997 1998 1999
Dec Jan Dec Jan
Prices Received 105 103 99 98
Prices Paid 117 117 113 114
Ratio 1/ 90 88 88 86
1/ Ratio of Index of Prices Received to Prices Paid.


Average price received by farmers 1/
   Commodity       Unit    Florida United States
January
1998
December
1998
January
1999
January
1998
December
1998
January
1999
Meat animals:
    Hogs $ per cwt 29.80 36.20 26.80 36.00 14.70 25.70
    Cows $ per cwt 35.00 30.30 34.90 34.50 30.80 33.10
    Steers & heifers $ per cwt 71.80 60.60 62.00 66.10 60.30 62.40
    Calves $ per cwt 87.20 75.00 74.70 86.60 80.20 81.90
Milk: 2/
    Sold to plants, all $ per cwt 17.40 21.30 21.90 14.70 18.00 17.70
Poultry:
    Com'l broilers Cents per lb. 34.0 39.0 38.0 33.1 39.0 37.9
    Table eggs Cents per doz. 56.0 60.0 49.0 62.5 62.9 58.2
Citrus, on tree:
    Oranges $ per box 2.62 4.44 4.98 3.15 4.74 5.15
    Grapefruit $ per box 0.77 2.07 1.47 1.01 2.70 1.80
    Limes $ per bu. 7.81 3.08 12.19 7.81 3.08 12.19
    Tangerines $ per box 10.61 10.93 15.27 10.03 11.30 17.19
Field crops:
    Potatoes $ per cwt ** ** ** 5.55 5.20 5.24
    Hay, baled $ per ton ** ** ** 94.70 78.40 78.80
    Tobacco, Type 11-37 Cents per lb. ** ** ** 192.0 191.0 190.0
    Peanuts Cents per lb. ** 2.34 ** ** 2.40 2.79
    Corn* $ per bu. 2.56 2.01 2.01
    Oats* $ per bu. 1.60 1.17 1.14
    Cotton* Cents per lb. 61.1 6.07 59.1
    Sorghum* $ per cwt 4.02 2.98 3.01
    Soybeans* $ per bu. 6.69 5.37 5.22
    Wheat, Winter* $ per bu. 3.16 2.67 2.71
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.



HIGHLIGHTS--U.S. PRICES RECEIVED INDEXES

All Crops: The January Index was 98, down 2.0 percent from December and 11 percent below January 1998. From December, price decreases for cotton and oilseeds offset price increases for vegetables and fruit and nuts.

Food Grains: The January Index, at 102, was up 1.0 percent from the previous month but was 12 percent below January 1998. The January all wheat price, at $2.86 per bushel, was down 1 cent from December and 46 cents below January 1998.

Feed Grains & Hay: The January Index was 89, unchanged from last month but 21 percent below January 1998. The corn price, at $2.01 per bushel, was unchanged from December but 55 cents below the January 1998 price. The all hay price, at $78.80 per ton, was up 40 cents from last month but was $15.90 below January 1998.

Oil-Bearing Crops: The January Index, at 94, was down 7.8 percent from December and 21 percent below January 1998. Soybean prices, at $5.22 per bushel, decreased 15 cents from December and were $1.47 below January 1998.

Fruit and Nuts: The January fruit and nuts Index, at 101, was up 2.0 percent from the previous month and up 26 percent from January 1998. Prices were up from last month for all fruits in the Index, except grapefruit.

Commercial Vegetables: The January Index, at 120, was up 9.1 percent from last month but was 4.0 percent below January 1998. Prices rose seasonally from December for most vegetables, except lettuce.

Livestock and Products: The January Index, at 96, was down 1.0 percent from last month but up 2.1 percent from January 1998. Compared with a year ago, prices were down for hogs, cattle, calves, and eggs but up for all milk and broil ers.

Meat Animals: The January Index, at 75, was up 14 percent from last month but 11 percent below a year ago. The January hog price was $25.70
per cwt, up $11.00 from December but $10.30 below a year ago. The January beef cattle price, of $59.00, was up $2.20 from last month but $3.50 below January 1998. The number of cattle and calves on feed for slaughter market January 1, 1999 in the United States was down 3 percent from a year ago.

Poultry and Eggs: The January Index, at 114, was 5.0 percent below December but 8.6 percent above a year ago. Export demand for poultry and eggs continued to soften. The January broiler price, at 37.9 cents per pound, was down 1.1 cents from December, with a seasonal weakening of demand. Market egg prices de creased 4.7 cents to 58.2 cents per dozen. Supplies of eggs were more than adequate to meet demand. Turkey prices decreased 6.3 cents to 34.8 cents per pound, following a normal seasonal decline.

Dairy Products: The January Index, at 136, was down 1.4 percent from December but was 20 percent above January 1998. The January all milk price, at $17.70 per cwt, was down 30 cents from December but up $3.00 from last year. December milk production was up 3.0 percent from a year earlier. Prices decreased for both fluid and manufacturing grade milk. Cheese prices decreased during January.

Prices received for Selected Agricultural Commodities, by months,
United States, 1998 and 1999
Month All wheat Corn Soybeans Beef cattle 1/ All hogs
1998 1999 2/ 1998 1999 2/ 1998 1999 2/ 1998 1999 2/ 1998 1999 2/
Dollars per bushel Dollars per cwt
Jan 3 .32 2 .86 2 .56 2 .01 6 .69 5 .22 62 .50 59 .00 36 .00 25 .70
Feb 3 .27 2 .55 6 .57 60 .40 35 .70
Mar 3 .33 2 .55 6 .40 61 .30 34 .80
Apr 3 .18 2 .41 6 .26 63 .00 35 .60
May 3 .06 2 .34 6 .26 63 .00 42 .20
Jun 2 .77 2 .28 6 .16 61 .80 42 .20
Jul 2 .56 2 .19 6 .14 58 .40 36 .70
Aug 2 .39 1 .89 5 .43 57 .40 35 .10
Sep 2 .41 1 .83 5 .25 56 .10 29 .50
Oct 2 .79 1 .91 5 .18 58 .00 27 .40
Nov 2 .97 1 .93 5 .40 58 .10 18 .70
Dec 2 .90 1 .96 5 .37 56 .80 14 .70
1/ Cows, steers, and heifers.
2/ Current month prices are mid-month; prices for previous months are for the entire month.


Return to the Table of Contents for Publications