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Milk, Corn Prices Up In September

October 10, 2012
The Post-Journal

Prices received by New York producers for milk sold during September were up from a month earlier, according to King Whetstone, U.S. Agriculture Department National Agricultural Statistics Service, New York Field Office director.

The price of corn increased also. The price of hay was unchanged. Many previous month prices were revised due to more complete sales information.

Dairy farmers in the New York received an average of $19.60 per hundredweight of milk sold during September, an increase of $1 from August but $3.40 less than September 2011. Grain corn, at $8.28 per bushel, increased 25 cents from August and was 78 cents more than September 2011 prices. Hay averaged $131 per ton, unchanged from last month but a $32 increase from September 2011. Potatoes averaged $14.50 per cwt, a decrease of $3 from last year. Apples, at $60.20 per cwt., increased $20.90 from September 2011.

The preliminary All Farm Products Index of Prices Received by Farmers in September, at 200 percent, based on 1990-1992=100, increased 7 points, 3.6 percent, from August. The Crop Index increased 5 points, 2.2 percent, but the Livestock Index was unchanged. Producers received higher prices for wheat, milk, cattle and eggs and lower prices for corn, hogs, sweet corn and broilers. In addition to prices, the overall index is also affected by the seasonal change based on a three-year average mix of commodities producers sell. Increased monthly movement of soybeans, corn, apples and peanuts offset the decreased marketing of cattle, wheat, broilers and grapes.

 
 

 

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