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PRICES
October 1, 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-September were lower compared with the entire month of August 1999. The price for hogs at $28.00 per cwt was down 50 cents per cwt from last month but was up $6.00 from August 1998. The price for cows at $33.50 per cwt was $1.10 less than the previous month but $2.80 more than last year. Steers and heifers were down $1.10 from last month but $13.80 more than the previous year. Calves were $2.80 lower than a month earlier but $17.90 above last year.

    The milk price estimate for September averaged $18.10 per cwt, $1.90 higher than a month earlier but $1.90 less than the previous year. Commercial broilers at 37.0 cents per pound, were 1.0 cent higher than last month but 9.0 cents lower than the previous year. Table eggs were 32.0 cents per dozen, down 9.0 cents from August, and down 12.0 cents from last year.

US PRICE INDEXES

    The All Farm Products Index of Prices Received in September was 97 based on 1990-92=100, down 1 point (1.0 percent) from the August Index. The seasonal changes in the mix of commodities farmers sell affect the overall Index. Lower seasonal marketings of cattle, broilers, soybeans, peanuts, corn, and potatoes. The marketing changes would have decreased the Index two points but were partially offset by the price increases. Price
increases from August for milk, lettuce, tomatoes, and soybeans more than offset price decreases for hogs, grapes, potatoes, and onions.

    Compared with September 1998, the All Farm Products Index was 2 points (2.0 percent) lower. Price decreases from September 1998 for broilers, soybeans, milk, and cotton more than offset price increases for cattle, hogs, calves, and wheat.

PRICES PAID INDEX UNCHANGED

    The September 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 August but 2 points (1.7 percent) above September 1998. Lower September prices for complete feeds, hay and forages, nitrogen fertilizers, and insecticides were offset by higher prices for feeder cattle, herbicides, feeder pigs, and feed concentrates.

INDEX SUMMARY TABLE
Index
1990-92=100
    1998     1999
Aug Sep Aug Sep
Prices Received 101 99 98 97
Prices Paid 116 115 117 117
Ratio 1/ 87 86 84 83
1/ Prices Received/Prices Paid.


Average price received by farmers 1/
Commodity Unit Florida United States
September
1998
August
1999
September
1999
September
1998
August
1999
September
1999
Meat animals:
  Hogs $ per cwt 22.00 28.50 28.00 29.50 36.20 32.30
  Cows $ per cwt 30.70 34.60 33.50 32.60 36.30 34.90
  Steers & heifers $ per cwt 56.30 71.20 70.10 58.90 66.20 66.90
  Calves $ per cwt 66.60 87.30 84.50 74.10 89.60 91.20
Milk: 2/
  Sold to plants, all $ per cwt 20.00 16.20 18.10 16.70 15.00 15.90
Poultry:
  Com'l broilers Cents per lb. 46.0 36.0 37.0 45.9 36.2 36.5
  Table eggs Cents per doz. 44.0 41.0 32.0 49.6 42.0 39.7
Citrus, on tree:
  Oranges $ per box ** ** ** 6.03 11.48 7.98
  Grapefruit $ per box ** ** ** 13.90 7.45 8.18
  Limes $ per bu. 4.19 ** ** 4.19 ** **
  Tangerines $ per box ** ** ** ** ** **
Field crops:
  Potatoes $ per cwt ** ** ** 4.97 6.33 5.26
  Hay, baled $ per ton ** ** ** 85.00 77.40 74.50
  Tobacco, Type 11-37 Cents per lb. 179.5 165.5 180.5 179.5 164.0 172.0
  Peanuts Cents per lb. ** 2.41 2.42 2.68 2.57 2.75
  Corn* $ per bu. 1.83 1.75 1.79
  Oats* $ per bu. 1.07 0.97 1.03
  Cotton* Cents per lb. 67.1 53.0 51.8
  Sorghum* $ per cwt 2.91 2.89 2.79
  Soybeans* $ per bu. 5.25 4.39 4.61
  Wheat, Winter* $ per bu. 2.29 2.34 2.41
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 are estimated for Florida, except oats and sorghum which are not estimated.
** Not estimated this month.


HIGHLIGHTS--U.S. PRICES RECEIVED INDEXES

ALL CROPS: The September Index was 97, down 2.0 percent from August and 3.0 percent below September 1998. Prices increases from August, for vegetables, oilseeds, tobacco, and food grains offset price decreases for potatoes and dry beans, fruit and nuts, feed grains and hay, and cotton.

FOOD GRAINS: The September Index, at 89, was up 2.3 percent from the previous month and 1.1 percent above September 1998. The September all wheat price, at $2.56 per bushel, was up 4 cents from the August price and 17 cents above September 1998.

FEED GRAINS & HAY: The September Index was 82, down 3.5 percent from last month and 4.7 percent below September 1998. The corn price, at $1.79 per bushel, was up 4 cents from August but 4 cents below the September 1998 price. The all hay price, at $74.50 per ton, was down $2.90 from last month and $10.50 below September 1998.

OIL-BEARING CROPS: The September Index, at 84, was up 7.7 percent from the revised August Index but 9.7 percent below September 1998. The soybean price, at $4.61 per bushel, increased 22 cents from August but was 64 cents below September 1998.

FRUIT AND NUTS: The September fruit and nuts Index, at 132, was down 4.3 percent from the previous month but 3.1 percent above September 1998. Decreases in the prices of grapes, oranges, and peaches more than offset increases in the price of other fruits.

COMMERCIAL VEGETABLES: The September Index, at 107 was up 1.9 percent from last month but 3.6 percent below September 1998. Price increases for lettuce, tomatoes,
broccoli, and celery more than offset price decreases for onions, carrots, and cucumbers.

LIVESTOCK AND PRODUCTS: The September Index, at 98 was up 1.0 percent from last month but unchanged from from September 1998. Compared with a year ago, prices were up for cattle, hogs, calves, and turkeys, but down for broilers, all milk, and eggs.

MEAT ANIMALS: The September Index, at 83 was down 2.4 percent from last month but up 14 percent from a year ago. The September hog price was $32.30 per cwt, down $3.90 from August but up $2.80 from a year ago. Higher levels of pork in cold storage, along with higher slaughter levels during September, pushed prices down. The September beef cattle price of $63.80 was up 30 cents from last month and $7.70 above September 1998.

POULTRY AND EGGS: The September Index, at 110, was the same as August but 14 percent below a year ago. The September broiler price, at 36.5 cents per pound, increased 0.3 cent from August. The weather disrupted a number of markets. Broilers had adequate to plentiful supplies with soft spots in domestic and international demand. Market egg prices decreased 2.3 cents to 39.7 cents per dozen. Domestic demand for eggs was steady while export demand was weak. Turkey prices increased 1.4 cents to 44.5 cents per pound. End of August cold storage holdings of turkeys were 18 percent lower than August 31, 1998.

DAIRY PRODUCTS: The September Index, at 122, was up 6.1 percent from August but down 5.4 percent from September 1998. The September all milk price at $15.90 per cwt, was up 90 cents from August but down 80 cents from last year. September prices increased for both fluid and manufacturing grade milk. Cheese prices increased the first week of September but decreased the following two weeks.


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 .84 2 .56 2 .06 6 .69 5 .32 62 .50 59 .00 36 .00 26 .30
Feb 3 .27 2 .73 2 .55 2 .05 6 .57 4 .80 60 .40 60 .60 35 .90 27 .60
Mar 3 .33 2 .65 2 .55 2 .06 6 .40 4 .61 61 .30 62 .40 34 .90 27 .80
Apr 3 .18 2 .62 2 .41 2 .05 6 .26 4 .63 63 .00 62 .70 35 .60 30 .20
May 3 .06 2 .49 2 .34 2 .00 6 .26 4 .51 63 .00 62 .10 42 .30 36 .40
Jun 2 .77 2 .50 2 .28 1 .97 6 .16 4 .44 61 .80 63 .70 42 .40 34 .20
Jul 2 .56 2 .23 2 .19 1 .74 6 .14 4 .20 58 .40 62 .60 36 .90 31 .20
Aug 2 .38 2 .52 1 .89 1 .75 5 .43 4 .39 57 .40 63 .50 35 .20 36 .20
Sep 2 .56 2 .56 1 .83 1 .79 5 .25 4 .61 56 .10 63 .80 29 .50 32 .30
Oct 2 .77 1 .91 5 .18 58 .00 27 .80
Nov 2 .95 1 .93 5 .40 58 .10 18 .80
Dec 2 .86 2 .01 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.


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