2017-12-07 / Community

September ag prices reported

LANSING - Prices received by Michigan farmers for the full month of September 2017 show mostly decreases to rotation crops, according to the U.S. Department of Agriculture (USDA) National Agricultural Statistics Service (NASS) Great Lakes Region, with eggs, lettuce and apples receiving higher prices.

Some Michigan highlights were: September corn, at $3.39 per bushel, decreased $0.09 from August and decreased $0.04 from last year; September soybeans, at $9.28 per bushel, decreased $0.22 from last month and decreased $0.40 from last year; September wheat, at $4.23 per bushel, decreased $0.06 from August but increased $0.29 from last year; September milk, at $16.50 per cwt., decreased $0.10 from last month, but increased $0.30 from last year.

The September Prices Received Index (Agricultural Production), at 91.8, decreased 1.7 percent from August 2017. At 88.6, the Crop Production Index increased 1.3 percent. The Livestock Production Index, at 94.8, decreased 3.8 percent. Producers received lower prices for cattle, hogs, and broilers but higher prices for market eggs, lettuce and apples. Compared with a year earlier, the Prices Received Index increased 6.3 percent.

The Crop Production Index increased 5.7 percent and the Livestock Production Index is up 7.0 percent from September 2016. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of soybeans, potatoes, corn and apples offset the decreased marketing of cattle, wheat, cotton and peaches. The Food Commodities Index, at 96.3, decreased 1.7 percent from the previous month but increased 7.5 percent from September 2016.

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