agricultural prices 05/31/2016 - usda prices issn: 1937-4216 released may 31, 2016, by the national...

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Agricultural Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). April Farm Prices Received Index Increased 0.2 Percent The April Prices Received Index (Agricultural Production), at 93.0, increased 0.2 percent from March 2016. At 86.5, the Crop Production Index increased 4.2 percent. At 97.8, the Livestock Production Index decreased 2.4 percent. Producers received higher prices for broilers, soybeans, lettuce, and hogs but lower prices for cattle, eggs, calves, and milk. Compared with a year earlier, the Prices Received Index is down 10 percent, the Crop Production Index decreased 2.4 percent and the Livestock Production Index declined 16 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of strawberries, milk, oranges, and broilers offset the decreased marketing of corn, dry beans, cattle, and soybeans. The Food Commodities Index, at 96.8, decreased 0.5 percent from the previous month and is down 13 percent from April 2015. April Prices Paid Index Down 0.5 Percent The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 106.6, is down 0.5 percent from March 2016 and down 4.2 percent from April 2015. Lower prices in April for feeder cattle, concentrates, wage rates, and feeder pigs more than offset higher prices for hay & forages, diesel, gasoline, and nitrogen. Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 2011 Base United States: April 2016 with Comparisons Index Group April 2015 March 2016 April 2016 (percent) (percent) (percent) Prices received by farmers ......................................................................... Prices paid by farmers ................................................................................ Ratio of prices received to prices paid ........................................................ 103.4 111.3 93 92.8 107.1 87 93.0 106.6 87

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Page 1: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices

ISSN: 1937-4216

Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of

Agriculture (USDA).

April Farm Prices Received Index Increased 0.2 Percent

The April Prices Received Index (Agricultural Production), at 93.0, increased 0.2 percent from March 2016. At 86.5, the

Crop Production Index increased 4.2 percent. At 97.8, the Livestock Production Index decreased 2.4 percent. Producers

received higher prices for broilers, soybeans, lettuce, and hogs but lower prices for cattle, eggs, calves, and milk.

Compared with a year earlier, the Prices Received Index is down 10 percent, the Crop Production Index decreased

2.4 percent and the Livestock Production Index declined 16 percent. In addition to prices, the indexes are influenced by

the monthly mix of commodities producers market. Increased monthly movement of strawberries, milk, oranges, and

broilers offset the decreased marketing of corn, dry beans, cattle, and soybeans. The Food Commodities Index, at 96.8,

decreased 0.5 percent from the previous month and is down 13 percent from April 2015.

April Prices Paid Index Down 0.5 Percent

The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 106.6,

is down 0.5 percent from March 2016 and down 4.2 percent from April 2015. Lower prices in April for feeder cattle,

concentrates, wage rates, and feeder pigs more than offset higher prices for hay & forages, diesel, gasoline, and nitrogen.

Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 2011 Base – United States: April 2016 with Comparisons

Index Group April 2015

March 2016

April 2016

(percent) (percent) (percent)

Prices received by farmers ......................................................................... Prices paid by farmers ................................................................................ Ratio of prices received to prices paid ........................................................

103.4

111.3

93

92.8

107.1

87

93.0

106.6

87

Page 2: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

2 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Contents

Prices Received by Farmers .................................................................................................................................................... 4

Prices Received Indexes, 2011 Base – United States: April 2016 with Comparisons ............................................................ 5

Prices Received Indexes, 1910-1914 Base – United States: April 2016 with Comparisons ................................................... 5

Prices Received Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 .................................. 5

Prices Paid Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 .......................................... 6

Received and Paid Indexes, Annual Average – United States: 2011=100 Chart .................................................................... 6

Crop Farm Received and Paid Indexes, All Items by Quarter – United States: 2011=100 Chart ........................................... 7

Livestock Farm Received and Paid Indexes All Items by Quarter – United States: 2011=100 Chart .................................... 7

Received Indexes by Month, Agricultural, Crop, and Livestock Production – United States: 2011=100 Chart .................... 8

Received Indexes by Month, Feed Grain, Food Grain, and Oilseed – United States: 2011=100 Chart ................................. 8

Received Indexes by Month, Fruit & Tree Nut and Vegetable & Melon – United States: 2011=100 Chart .......................... 9

Received Indexes by Month, Dairy, Meat Animal, and Poultry & Egg – United States: 2011=100 Chart ............................ 9

Prices Received for Field Crops and Fruits – United States: April 2016 with Comparisons ................................................ 10

Prices Received for Vegetables and Livestock – United States: April 2016 with Comparisons .......................................... 11

Prices Received for Corn by Month – United States Chart ................................................................................................... 12

Prices Received for Wheat by Month – United States Chart ................................................................................................ 12

Prices Received for Upland Cotton by Month – United States Chart ................................................................................... 13

Prices Received for Soybeans by Month – United States Chart ........................................................................................... 13

Prices Received for Cattle by Month – United States Chart ................................................................................................. 14

Prices Received for Milk by Month – United States Chart ................................................................................................... 14

Prices Received for Hogs by Month – United States Chart .................................................................................................. 15

Prices Received for Poultry by Month – United States Chart ............................................................................................... 15

Prices Received for All Wheat, Corn, and Soybeans by Month – United States: 2016 with Comparisons .......................... 16

Prices Received for Beef Cattle and All Hogs by Month – United States: 2016 with Comparisons .................................... 16

Prices Received for All Wheat – States and United States: April 2016 with Comparisons .................................................. 17

Prices Received for Winter Wheat – States and United States: April 2016 with Comparisons ............................................ 17

Prices Received for Oats – States and United States: April 2016 with Comparisons ........................................................... 18

Prices Received for All Barley – States and United States: April 2016 with Comparisons .................................................. 19

Prices Received for Malting Barley – States and United States: April 2016 with Comparisons .......................................... 19

Prices Received for Feed Barley – States and United States: April 2016 with Comparisons ............................................... 19

Prices Received for Sorghum Grain – States and United States: April 2016 with Comparisons .......................................... 19

Prices Received for Corn – States and United States: April 2016 with Comparisons .......................................................... 20

Prices Received for Soybeans – States and United States: April 2016 with Comparisons ................................................... 20

Prices Received for Dry Beans – States and United States: April 2016 with Comparisons ................................................. 21

Prices Received for Peanuts (in shell) – States and United States: April 2016 with Comparisons ....................................... 21

Prices Received for Sunflower – States and United States: April 2016 with Comparisons .................................................. 21

Prices Received for Canola – States and United States: April 2016 with Comparisons ....................................................... 21

Prices Received for Flaxseed – States and United States: April 2016 with Comparisons .................................................... 22

Prices Received for Upland Cotton and Cottonseed – States and United States: April 2016 with Comparisons ................. 22

Prices Received and Farm Marketings for Upland Cotton and Rice – United States: April 2016

with Comparisons .............................................................................................................................................................. 22

Prices Received for Hay by Type – States and United States: April 2016 with Comparisons ............................................. 23

Prices Received for Apples – States and United States: April 2016 with Comparisons ....................................................... 23

Prices Received for Citrus Fruits by Utilization – States and United States: April 2015 ..................................................... 24

Prices Received for Citrus Fruits by Utilization – States and United States: March 2016 ................................................... 25

Prices Received for Citrus Fruits by Utilization – States and United States: April 2016 ..................................................... 26

Prices Received for Potatoes – States and United States: April 2016 with Comparisons ..................................................... 27

Prices Received for All Milk – States and United States: April 2016 with Comparisons..................................................... 28

Prices Received for Milk Cows – States and United States: April 2016 with Comparisons ................................................ 28

Commodity Parity Prices and Price as Percent of Parity Price – United States: April 2016 with Comparisons .................. 29

Commodity Parity Prices – United States: April 2016 with Comparisons ........................................................................... 30

Reliability of Prices Received Estimates............................................................................................................................... 32

Page 3: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 3 USDA, National Agricultural Statistics Service

Prices Paid by Farmers .......................................................................................................................................................... 33

Prices Paid Indexes and Related Parity Ratios – United States: April 2016 with Comparisons ........................................... 34

Prices Paid Indexes and Annual Weights for Input Components and Sub-components – United States:

April 2016 with Comparisons ............................................................................................................................................ 35

Paid Indexes by Month, All Items and Production Items – United States: 2011=100 Chart ................................................ 36

Paid Indexes, Annual Averages, Production Items, Interest, Taxes, and Wages – United States: 2011=100 Chart ............ 36

Paid Indexes by Farm Type and Month, All Items – United States: 2011=100 Chart .......................................................... 37

Paid Indexes by Origin and Month, All Production Items – United States: 2011=100 Chart .............................................. 37

Paid Indexes by Non-Farm Origin and Month, Chemicals, Fertilizer, and Fuels – United States: 2011=100 Chart ........... 38

Paid Indexes by Non-Farm Origin and Month, Machinery and Supplies & Repairs – United States: 2011=100 Chart ...... 38

Paid Indexes by Farm Origin and Month, Feed and Livestock & Poultry – United States: 2011=100 Chart ...................... 39

Feed Price Ratios – United States: April 2016 with Comparisons ....................................................................................... 40

Prices Received Used to Calculate Feed Price Ratios – United States: April 2016 with Comparisons................................ 40

Prices Paid for Feeder Livestock – United States: April 2016 with Comparisons................................................................ 40

Feed Ratios Monthly and Annual Average – United States: 2011 - 2015 ............................................................................ 41

Reliability of Prices Paid Estimates ...................................................................................................................................... 42

Information Contacts ............................................................................................................................................................ 43

Page 4: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

4 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

April Prices Received by Farmers

The April Prices Received Index for agricultural production is 93.0 percent of its 2011 base, up 0.2 percent from the

March 2016 index but 10 percent below the April 2015 index.

Crop production: The April index, at 86.5, increased 4.2 percent from March but is 2.4 percent below April 2015. Index

increases for grain & oilseed, vegetable & melon, and other crop more than offset the index decrease for fruit & tree nut.

Grain and oilseed: The April index, at 67.1, is up 1.5 percent from March but is 5.5 percent lower than April 2015.

The higher Oilseed Index more than offset the lower Feed Grain and Food Grain Indexes.

Feed grain: The April index, at 60.0, is down 0.5 percent from the previous month and 4.9 percent from a year

earlier. The corn price, at $3.58 per bushel, is up 1 cent from last month but is down 17 cents from April 2015.

At $5.36 per cwt, sorghum grain is 31 cents less than March and $2.54 lower than April a year earlier.

Food grain: At 72.6, the index for April is 0.3 percent lower than the previous month and 10 percent below a

year earlier. The April price for all wheat, at $4.50 per bushel, is up 10 cents from March but is $1.06 less than

April 2015.

Oilseed: At 72.5, the index for April is up 5.4 percent from March but is down 6.7 percent from April 2015. The

soybean price, at $9.04 per bushel, increased 48 cents from March but is 65 cents lower than April a year earlier.

Fruit and tree nut: The April index, at 122.0, is down 2.8 percent from March and 3.6 percent lower than a year

earlier. The price decrease during April for apples more than offset price increases for grapefruit and strawberries.

Vegetable and melon: At 102.2, the index for April is up 2.9 percent from the previous month but declined

2.2 percent from April 2015. Price increases during April for lettuce and onions more than offset price declines for

tomatoes and sweet corn.

Other crop: The April index, at 76.2, is up 2.3 percent from the previous month but is 9.9 percent below April 2015.

The all hay price, at $146 per ton, is up $8.00 from March but $22.00 lower than April 2015. At 55.8 cents per pound,

the price for upland cotton is up 0.6 cents from March but is 6.8 cents below April 2015.

Livestock production: The index for April, at 97.8, is down 2.4 percent from the previous month and 16 percent from

April a year earlier. Compared with a year ago, prices are lower for cattle, broilers, calves, market eggs, and milk. Prices

are higher for turkeys and hogs.

Meat animal: At 105.9, the April index is down 2.6 percent from the previous month and 17 percent from a year

earlier. At $51.00 per cwt, the April hog price is up $1.00 from March and $2.00 higher than a year earlier. The April

beef cattle price of $131 per cwt is down $4.00 from the previous month and $31.00 lower than April 2015.

Dairy: The index for April, at 74.6, is down 2.0 percent from the previous month and 9.1 percent lower than April a

year earlier. The April all milk price of $15.00 per cwt is down 30 cents from March and is $1.50 less than

April 2015.

Poultry and egg: At 105.5, the April index is down 0.9 percent from March and 19 percent below April 2015. The

April market egg price, at 39.0 cents per dozen, decreased 33.9 cents from March and 48.0 cents lower than

April 2015. The April broiler price, at 52.0 cents per pound, is up 3.0 cents from March but is 12.0 cents below a year

earlier. At 83.2 cents per pound, the April turkey price is up 4.3 cents from the previous month and up 13.0 cents from

April 2015.

Page 5: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 5 USDA, National Agricultural Statistics Service

Prices Received Indexes, 2011 Base – United States: April 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov]

Index Group

2011 Base

April 2015

March 2016

April 2016

(percent) (percent) (percent)

Agricultural production ......................................................................... Crop production ............................................................................... Grain and oilseed ......................................................................... Feed grain ............................................................................... Food grain ............................................................................... Oilseed .................................................................................... Fruit and tree nut ......................................................................... Vegetable and melon ................................................................... Other crop .................................................................................... Livestock production ........................................................................ Meat animal ................................................................................. Cattle ....................................................................................... Hog .......................................................................................... Dairy ............................................................................................ Poultry and egg ............................................................................ Food commodity ..................................................................................

103.4 88.6 71.0 63.1 80.8 77.7

126.5 104.5 84.6

116.4 127.5 146.0 73.7 82.1

129.4

110.6

92.8 83.0 66.1 60.3 72.8 68.8

125.5 99.3 74.5

100.2 108.7 119.5 75.2 76.1

106.5

97.3

93.0 86.5 67.1 60.0 72.6 72.5

122.0 102.2 76.2

97.8

105.9 115.3 76.7 74.6

105.5

96.8

Prices Received Indexes, 1910-1914 Base – United States: April 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov]

Index Group

1910 - 1914 Base

April 2015

March 2016

April 2016

(percent) (percent) (percent)

Agricultural production ......................................................................... Crop production ............................................................................... Livestock production ........................................................................

1067 773

1352

957 724

1164

960 754

1135

Prices Received Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Blank data cells indicate estimation period has not yet begun]

Month

2011 Base

Agricultural production

Crop production

Livestock production

Food commodities

2015 2016 2015 2016 2015 2016 2015 2016

(percent) (percent) (percent) (percent) (percent) (percent) (percent) (percent)

January ............................. February ............................ March ................................ April ................................... May ................................... June .................................. July .................................... August ............................... September ......................... October ............................. November .......................... December ..........................

97.1 99.0

102.1 103.4 107.2 104.7 99.2

102.1 97.5 88.9 91.9 89.9

89.2 92.5 92.8 93.0

82.3 84.0 85.5 88.6 90.3 88.2 85.9 87.8 87.1 79.7 82.1 84.0

80.7 84.2 83.0 86.5

120.4 113.9 117.3 116.4 122.0 121.1 115.3 117.1 109.3 104.2 105.3 97.2

99.9 99.2

100.2 97.8

108.5 106.8 110.2 110.6 115.7 112.9 105.6 109.6 103.5 94.5

101.3 96.7

95.8 97.3 97.3 96.8

Page 6: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

6 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Paid Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Blank data cells indicate estimation period has not yet begun]

Month

2011 Base

All items (PPITW)

Production Crop

sector Livestock

sector

2015 2016 2015 2016 2015 2016 2015 2016

(percent) (percent) (percent) (percent) (percent) (percent) (percent) (percent)

January ............................. February ........................... March ................................ April .................................. May ................................... June .................................. July ................................... August .............................. September ........................ October ............................. November ......................... December .........................

111.5 111.0 111.4 111.3 111.1 111.2 110.8 110.1 108.8 108.8 107.7 106.2

107.3 106.9 107.1 106.6

112.7 112.0 112.5 112.4 112.1 112.2 111.5 110.6 108.9 108.6 107.1 105.2

106.3 105.8 106.0 105.3

107.9 108.3 108.4 108.3 108.3 108.4 108.0 107.5 107.1 107.1 106.6 106.2

107.0 106.6 106.5 106.6

115.3 114.0 114.7 114.5 114.1 114.3 113.9 113.0 110.6 110.7 108.9 106.2

107.7 107.3 107.8 106.7

70

80

90

100

110

120

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Percent

Received and Paid Indexes, Annual Average –United States: 2011=100

Paid Received

Page 7: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 7 USDA, National Agricultural Statistics Service

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Crop Farm Received and Paid Indexes,All Items by Quarter –United States: 2011=100

Paid Received

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Livestock Farm Received and Paid Indexes,All Items by Quarter –United States: 2011=100

Paid Received

Page 8: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

8 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Agricultural, Crop, and Livestock Production –United States: 2011=100

Agricultural Production Crop Production Livestock Production

50

70

90

110

130

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Feed Grain, Food Grain, and Oilseed –United States: 2011=100

Feed Grain Food Grain Oilseed

Page 9: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 9 USDA, National Agricultural Statistics Service

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Fruit & Tree Nut and Vegetable & Melon –United States: 2011=100

Fruit & Tree Nut Vegetable & Melon

50

70

90

110

130

150

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Dairy, Meat Animal, and Poultry & Egg –United States: 2011=100

Dairy Meat Animal Poultry & Egg

Page 10: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

10 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for Field Crops and Fruits – United States: April 2016 with Comparisons

Commodity 2011

Base Price April 2015 March 2016 April 2016

Field crops Austrian winter peas ............................................ dollars/cwt Barley, all ....................................................... dollars/bushel Feed ............................................................ dollars/bushel Malting ......................................................... dollars/bushel Beans, dry edible ................................................ dollars/cwt Canola ................................................................ dollars/cwt Chickpeas, all ..................................................... dollars/cwt Large ................................................................ dollars/cwt Small ................................................................. dollars/cwt Corn ............................................................... dollars/bushel Cotton, Upland ................................................ dollars/pound Cottonseed ..........................................................dollars/ton Flaxseed ........................................................ dollars/bushel Hay, all, baled ......................................................dollars/ton Alfalfa .................................................................dollars/ton Other ..................................................................dollars/ton Lentils ................................................................. dollars/cwt Oats ............................................................... dollars/bushel Peanuts, in-shell ............................................. dollars/pound Peas, dry edible .................................................. dollars/cwt Potatoes ............................................................. dollars/cwt Rice, all ............................................................... dollars/cwt Long .................................................................. dollars/cwt Medium and short ............................................. dollars/cwt Sorghum grain .................................................... dollars/cwt Soybeans ....................................................... dollars/bushel Sunflowers, all ..................................................... dollars/cwt Wheat, all ....................................................... dollars/bushel Winter .......................................................... dollars/bushel Durum .......................................................... dollars/bushel Other spring ................................................. dollars/bushel Hard red winter ........................................... dollars/bushel Soft red winter ............................................. dollars/bushel Hard red spring ........................................... dollars/bushel White .......................................................... dollars/bushel Fruits Citrus, equivalent on-tree Grapefruit .......................................................... dollars/box Lemons ............................................................. dollars/box Oranges ............................................................ dollars/box Tangelos ........................................................... dollars/box Tangerines and mandarins ................................ dollars/box Non-citrus, fresh Apples 1 ........................................................ dollars/pound Grapes 1 .............................................................dollars/ton Peaches 1 ...........................................................dollars/ton Pears 1 ...............................................................dollars/ton Strawberries ...................................................... dollars/cwt

19.50 4.79 4.59 4.83

34.60 23.10 35.70 39.20 23.40 6.02

0.880

131.00 14.20

159.00 176.00 119.00 27.50 3.42

0.252 13.60

9.78

13.70 12.30 18.40 10.70 12.50 29.00

7.44 6.93 9.22 8.33 7.07 6.77 8.38 6.58

7.47 12.30 8.16 3.50

15.30

0.325 628.00 507.00 559.00 104.00

(D) 4.94 3.05 5.75

32.20 16.30 23.10 25.20 19.20 3.75

0.626 (NA)

12.00 168.00 183.00 140.00 27.20 2.82

0.221 13.70

9.69

12.60 11.10 17.30 7.90 9.69

23.20

5.56 5.50 7.79 5.51 5.36 4.94 5.50 6.26

5.33 21.65 10.78

(S) (D)

0.259 (S) (S)

610.00 76.80

(D) 5.40 2.77 5.61

26.60 15.10 29.20 30.70 24.80 3.57

0.552 (NA) 8.36

138.00 144.00 126.00 38.80 2.20

0.192 13.70

9.38

11.80 11.00 14.50 5.67 8.56

21.40

4.40 4.27 6.04 4.47 4.19 4.21 4.46 4.65

8.46 24.64 9.19

(S) (D)

0.460 (S) (S)

749.00 81.00

(S) 5.30 2.76 5.71

26.80 16.10 28.40 32.50 25.20 3.58

0.558 (NA) 8.09

146.00 153.00 130.00 36.20 1.95

0.196 17.20

9.94

11.30 10.70 13.80 5.36 9.04

20.90

4.50 4.34 6.24 4.63 4.15 4.41 4.65 4.61

10.48 24.33 9.19

(S) (D)

0.435 (S) (S)

793.00 84.30

(D) Withheld to avoid disclosing data for individual operations. (NA) Not available. (S) Insufficient number of reports to establish an estimate. 1 Equivalent packinghouse-door returns for California, Michigan, New York (apples only), Pennsylvania (apples only), and Washington (apples,

peaches, and pears). Prices as sold for other states.

Page 11: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 11 USDA, National Agricultural Statistics Service

Prices Received for Vegetables and Livestock – United States: April 2016 with Comparisons [Price data source for livestock and poultry commodities is United States Department of Agriculture's Agricultural Marketing Service]

Commodity 2011

Base Price April 2015 March 2016 April 2016

Vegetables, fresh 1 Asparagus .......................................................... dollars/cwt Beans, snap ........................................................ dollars/cwt Broccoli ............................................................... dollars/cwt Cantaloupes ....................................................... dollars/cwt Carrots ................................................................ dollars/cwt Cauliflower .......................................................... dollars/cwt Celery ................................................................. dollars/cwt Corn, sweet ........................................................ dollars/cwt Cucumbers ......................................................... dollars/cwt Lettuce ................................................................ dollars/cwt Onions 2 .............................................................. dollars/cwt Tomatoes ........................................................... dollars/cwt Livestock Calves ................................................................ dollars/cwt Cattle, all beef ..................................................... dollars/cwt Cows 3 .............................................................. dollars/cwt Steers and heifers ............................................. dollars/cwt Milk cows 4 ........................................................ dollars/head Hogs, all ............................................................. dollars/cwt Barrows and gilts .............................................. dollars/cwt Sows ................................................................ dollars/cwt Dairy and poultry Milk, all 5 ............................................................. dollars/cwt Fat test .................................................................. percent Broilers, live 6 .................................................. dollars/pound Eggs, all 7 ....................................................... dollars/dozen Market 7 8 ...................................................... dollars/dozen Turkeys, live 9 ................................................. dollars/pound

37.50 69.00 41.60 16.50 30.80 47.00 22.50 30.70 18.70 24.30 11.90 51.20

142.00 115.00 71.60

117.00 1,420.00

66.50 66.80 57.90

20.10 3.71

0.459 0.969 0.796 0.680

143.00 54.80 50.60 (NA)

31.80 87.80 18.60 29.60 24.00 23.10 18.90 45.20

288.00 162.00 113.00 164.00

1,970.00 49.00 49.40 38.50

16.50 3.72

0.640 1.08

0.870 0.702

103.00 95.20 30.90

(D) 34.90 39.80 18.80 67.50 48.70 15.40 14.90 70.90

199.00 135.00 80.00

137.00 (NA)

50.00 50.50 36.30

15.30 3.80

0.490 0.967 0.729 0.789

125.00 42.80 39.30

(D) 38.60 53.70 20.00 34.30 26.20 20.80 21.10 38.60

183.00 131.00 81.50

133.00 1,820.00

51.00 51.40 41.30

15.00 3.76

0.520 0.677 0.390 0.832

Adjusted for seasonal variation Eggs, all .......................................................... dollars/dozen Seasonal factor ...................................................... percent Milk, all ............................................................... dollars/cwt Seasonal factor ...................................................... percent

0.979

101 20.20

100

1.26

86 16.90

98

0.95 101

15.70 97

0.79

86 15.30

98

(D) Withheld to avoid disclosing data for individual operations. (NA) Not available. 1 Point of first sale. 2 Includes some processing. 3 Beef cows and cull dairy cows sold for slaughter. 4 Animals sold for dairy herd replacement only. Prices available for January, April, July, and October. 5 Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 6 Live weight equivalent price. 7 Mid-month price. 8 Also referred to as table eggs. 9 Live weight equivalent price is used when actual live weight price is not available. Beginning January 2011, price reflects FOB shipping point

basis. Prior year price reflects delivered basis.

Page 12: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

12 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

3

4

5

6

7

8

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per bushel

Prices Received for Corn by Month – United States

4

5

6

7

8

9

10

11

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per bushel

Prices Received for Wheat by Month – United States

Page 13: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 13 USDA, National Agricultural Statistics Service

0.4

0.5

0.6

0.7

0.8

0.9

1.0

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per pound

Prices Received for Upland Cotton by Month –United States

5

7

9

11

13

15

17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per bushel

Prices Received for Soybeans by Month –United States

Page 14: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

14 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

0

50

100

150

200

250

300

350

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per cwt

Prices Received for Cattle by Month – United States

All Beef Cattle Calves Cows Steers & Heifers

10

12

14

16

18

20

22

24

26

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per cwt

Prices Received for Milk by Month – United States

Page 15: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 15 USDA, National Agricultural Statistics Service

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per cwt

Prices Received for Hogs by Month – United States

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per pound

Prices Received for Poultry by Month –United States

Broilers Turkeys

Page 16: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

16 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for All Wheat, Corn, and Soybeans by Month – United States: 2016 with Comparisons [Blank data cells indicate estimation period has not yet begun]

Month All wheat Corn Soybeans

2014 2015 2016 2014 2015 2016 2014 2015 2016

(dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel)

January ........ February ...... March ........... April ............. May .............. June ............. July .............. August ......... September ... October ........ November .... December ....

6.65 6.50 6.74 6.82 7.08 6.49 6.15 5.97 5.71 5.71 6.04 6.14

6.15 5.89 5.70 5.56 5.33 5.43 5.23 4.85 4.72 4.87 4.86 4.71

4.82 4.61 4.40 4.50

4.42 4.35 4.52 4.71 4.71 4.50 4.06 3.63 3.49 3.57 3.60 3.79

3.82 3.79 3.81 3.75 3.64 3.59 3.80 3.68 3.68 3.67 3.60 3.65

3.66 3.57 3.57 3.58

12.90 13.20 13.70 14.30 14.40 14.30 13.10 12.40 10.90 9.97

10.20 10.30

10.30 9.91 9.85 9.69 9.58 9.58 9.95 9.71 9.05 8.81 8.68 8.76

8.71 8.51 8.56 9.04

Prices Received for Beef Cattle and All Hogs by Month – United States: 2016 with Comparisons [Blank data cells indicate estimation period has not yet begun]

Month Beef cattle 1 All hogs 2

2014 2015 2016 2014 2015 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt) (dollars per cwt) (dollars per cwt) (dollars per cwt)

January ............. February ........... March ................ April .................. May ................... June .................. July ................... August .............. September ........ October ............. November ......... December .........

138.00 144.00 148.00 148.00 146.00 147.00 156.00 158.00 157.00 161.00 167.00 164.00

164.00 159.00 160.00 162.00 160.00 155.00 149.00 148.00 139.00 128.00 129.00 122.00

130.00 132.00 135.00 131.00

61.20 65.50 81.90 88.80 82.80 84.80 93.30 83.20 75.70 77.00 66.70 64.30

57.40 50.40 50.30 49.00 58.90 59.90 58.70 59.00 54.50 55.50 45.90 42.80

43.60 49.60 50.00 51.00

1 Cows and steers & heifers. 2 Barrows & gilts and sows.

Page 17: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 17 USDA, National Agricultural Statistics Service

Prices Received for All Wheat – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arizona ............................................ Arkansas ......................................... California ......................................... Colorado .......................................... Idaho ............................................... Illinois .............................................. Indiana ............................................ Kansas ............................................ Michigan .......................................... Minnesota ........................................ Missouri ........................................... Montana .......................................... Nebraska ......................................... North Carolina ................................. North Dakota ................................... Ohio ................................................. Oklahoma ........................................ Oregon ............................................ South Dakota ................................... Texas .............................................. Washington ..................................... United States ...................................

(S) 4.89 (D)

5.11 6.07 4.39 4.83 5.43 6.18 4.85

5.16 6.18 5.37 5.01 5.30 5.39 5.41 6.62 5.23 5.38 6.24

5.56

(S) (D)

4.15 3.88 4.65 3.04 4.48 4.03 5.25 4.48

4.24 4.53 3.89 5.37 4.50 4.39 4.13 4.73 4.32 3.81 4.81

4.40

(D) (D) (D)

3.93 4.40 4.24 4.20 4.03 5.24 4.63

4.60 4.62 3.96 5.04 4.58 3.99 4.09 (D)

4.46 3.99 4.78

4.50

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Winter Wheat – States and United States: April 2016 with Comparisons State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arkansas ......................................... California ......................................... Colorado .......................................... Idaho ............................................... Illinois .............................................. Indiana ............................................ Kansas ............................................ Michigan .......................................... Minnesota ........................................ Missouri ........................................... Montana .......................................... Nebraska ......................................... North Carolina ................................. North Dakota ................................... Ohio ................................................. Oklahoma ........................................ Oregon ............................................ South Dakota ................................... Texas .............................................. Washington ..................................... United States ...................................

(D) (D)

5.12 5.90 4.39 4.83 5.43 6.18

(S) 5.16

5.75 5.37 5.01 3.79 5.39 5.41 6.59 4.79 5.38 6.13

5.50

(D) 4.15 3.88 4.62 3.04 4.48 4.03 5.25 (D)

4.24

4.44 3.89 5.37 3.59 4.39 4.13 4.72 3.89 3.81 4.79

4.27

(D) (D)

3.93 4.21 4.24 4.20 4.03 5.24 (D)

4.60

4.32 3.96 5.04 3.81 3.99 4.09 (D)

3.98 3.99 4.70

4.34

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 18: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

18 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for Durum Wheat – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arizona ........................................... California ........................................ Idaho ............................................... Montana .......................................... North Dakota ................................... United States ..................................

(S) (S) (D) (D)

7.79

7.79

(S) (S) (D) (D)

5.92

6.04

(D) (S) (D) (D)

6.30

6.24

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Spring Wheat – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Colorado ......................................... Idaho ............................................... Minnesota ....................................... Montana .......................................... North Dakota ................................... Oregon ............................................ South Dakota .................................. Washington ..................................... United States ..................................

(D) 6.62 4.85 6.44 5.12 6.86 5.66 6.82

5.51

(D) 4.68 4.49 4.47 4.42 4.79 4.54 4.98

4.47

(D) 4.69 4.63 4.70 4.48 (D)

4.61 5.16

4.63

(D) Withheld to avoid disclosing data for individual operations.

Prices Received for Oats – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Illinois .............................................. Iowa ................................................ Michigan ......................................... Minnesota ....................................... Montana .......................................... Nebraska ........................................ New York ........................................ North Dakota ................................... Oregon ............................................ Pennsylvania .................................. South Dakota .................................. Texas .............................................. Wisconsin ....................................... United States ..................................

(D) 3.62 3.28 2.94

(S) (D) (D)

2.10 (S) (D)

2.99 (S)

3.03

2.82

(D) 2.83 2.10 2.05

(S) (D)

2.22 2.11 (D) (D)

1.90 (S)

1.62

2.20

(D) 2.54 1.94 1.79 (D)

1.95 (D)

1.99 (D) (D)

1.80 (S)

1.66

1.95

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 19: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 19 USDA, National Agricultural Statistics Service

Prices Received for All Barley – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

California ......................................... Colorado .......................................... Idaho ............................................... Minnesota ........................................ Montana .......................................... North Dakota ................................... Oregon ............................................ Utah ................................................. Washington ..................................... Wyoming ......................................... United States ...................................

(S) 7.89 3.69 5.45 5.07 5.09 3.85 (D)

3.45 (D)

4.94

(D) 6.24 6.01 5.55 5.40 4.96 (D) (D)

3.20 (D)

5.40

(S) (S)

6.29 5.33 5.22 4.88 (D) (D)

2.97 (S)

5.30

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Malting Barley – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Idaho ............................................... Minnesota ........................................ Montana .......................................... North Dakota ................................... Wyoming ......................................... United States ...................................

6.05 5.38 6.33 5.37 (D)

5.75

6.14 5.55 5.67 5.10 (D)

5.61

6.45 5.51 5.61 5.25

(S)

5.71

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Feed Barley – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Idaho ............................................... Minnesota ........................................ Montana .......................................... North Dakota ................................... Wyoming ......................................... United States ...................................

2.71 (D)

2.52 3.62

(S)

3.05

2.87 (S) (D)

2.31 (D)

2.77

3.26 (D) (D)

2.30 (S)

2.76

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Sorghum Grain – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

Arkansas ......................................... Illinois .............................................. Kansas ............................................ Louisiana ......................................... Missouri ........................................... Nebraska ......................................... Oklahoma ........................................ Texas .............................................. United States ...................................

7.37 7.10 7.96 (D)

7.21 7.68 7.90 7.55

7.90

6.62 5.75 5.28 (D)

7.32 5.46 5.72 6.21

5.67

6.68 (D)

5.35 (D)

6.12 5.40 5.37 5.16

5.36

(D) Withheld to avoid disclosing data for individual operations.

Page 20: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

20 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for Corn – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Colorado ......................................... Illinois .............................................. Indiana ............................................ Iowa ................................................ Kansas ............................................ Kentucky ......................................... Michigan ......................................... Minnesota ....................................... Missouri .......................................... Nebraska ........................................ North Carolina ................................. North Dakota ................................... Ohio ................................................ Pennsylvania .................................. South Dakota .................................. Tennessee ...................................... Texas .............................................. Wisconsin ....................................... United States ..................................

3.86 3.71 3.84 3.74 3.86 4.09 3.78 3.60 3.78 3.83

4.42 3.39 3.83 4.06 3.38 4.18 4.25 3.73

3.75

3.61 3.68 3.93 3.47 3.50 3.85 3.57 3.25 3.71 3.49

4.40 3.21 3.87 3.91 3.20 3.76 4.05 3.43

3.57

3.60 3.70 3.98 3.52 3.54 3.90 3.71 3.37 3.73 3.49

4.43 3.29 3.91 4.07 3.26 3.81 3.89 3.50

3.58

Prices Received for Soybeans – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arkansas ......................................... Illinois .............................................. Indiana ............................................ Iowa ................................................ Kansas ............................................ Kentucky ......................................... Louisiana ........................................ Michigan ......................................... Minnesota ....................................... Mississippi ...................................... Missouri .......................................... Nebraska ........................................ North Carolina ................................. North Dakota ................................... Ohio ................................................ South Dakota .................................. Tennessee ...................................... Wisconsin ....................................... United States ..................................

10.10 9.90 9.94 9.58 9.29

10.20 10.50 10.00 9.73

10.10

9.77 9.35

10.00 8.85 9.83 9.08

10.00 9.63

9.69

9.25 8.83 8.90 8.46 8.38 8.84 9.29 8.77 8.17 9.04

8.86 8.30 8.79 8.06 8.88 8.25 8.98 8.54

8.56

(D) 9.28 9.28 8.93 8.94 9.40 (D)

9.12 9.00 9.66

9.27 8.74 9.36 8.50 9.51 8.64 9.45 8.99

9.04

(D) Withheld to avoid disclosing data for individual operations.

Page 21: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 21 USDA, National Agricultural Statistics Service

Prices Received for Dry Beans – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

California ......................................... Colorado .......................................... Idaho ............................................... Michigan .......................................... Minnesota ........................................ Nebraska ......................................... North Dakota ................................... United States ...................................

59.50 22.70 29.10 39.80

(D) (D)

30.40

32.20

77.10 25.50

(D) (D)

25.00 (D)

23.20

26.60

(D) 29.00 32.00 25.20 25.40

(D) 23.60

26.80

(D) Withheld to avoid disclosing data for individual operations.

Prices Received for Peanuts (in shell) – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per pound) (dollars per pound) (dollars per pound)

Alabama .......................................... Florida ............................................. Georgia ........................................... Mississippi ....................................... New Mexico ..................................... North Carolina ................................. Oklahoma ........................................ South Carolina ................................. Texas .............................................. Virginia ............................................ United States ...................................

0.205 0.213 0.209 0.223

(S) 0.277

(S) 0.264 0.297 0.274

0.221

0.188 0.179 0.190 0.162

(S) (S)

0.207 0.197 0.245

(S)

0.192

0.185 0.187 0.196 0.189

(S) (D)

0.198 0.196 0.225

(S)

0.196

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Sunflower – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

Colorado .......................................... Kansas ............................................ Minnesota ........................................ North Dakota ................................... South Dakota ................................... United States ...................................

(D) 22.00 21.00 23.80 22.80

23.20

(S) 22.40 23.20 20.90 19.20

21.40

(S) 20.70

(D) 21.30 19.50

20.90

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Canola – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

Minnesota ........................................ North Dakota ................................... United States ...................................

(D) 16.30

16.30

(S) 15.10

15.10

(S) 16.10

16.10

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 22: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

22 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for Flaxseed – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

North Dakota ................................... United States ..................................

12.00

12.00

8.36

8.36

8.09

8.09

Prices Received for Upland Cotton and Cottonseed – States and United States: April 2016 with Comparisons [Cottonseed marketing year August - February]

State

Cotton, Upland Cottonseed

April 2015

March 2016

April 2016

April 2015

March 2016

April 2016

(dollars per pound) (dollars per pound) (dollars per pound) (dollars per ton) (dollars per ton) (dollars per ton)

Alabama ............................ Arizona .............................. Arkansas ............................ California ........................... Georgia .............................. Louisiana ........................... Mississippi ......................... North Carolina .................... Tennessee ......................... Texas ................................. United States .....................

(D) (D) (D) (D)

0.688 (D)

0.684 (D)

0.657 0.534

0.626

0.578 0.640 0.587

(D) 0.547 0.587

(D) 0.558 0.568 0.545

0.552

0.561 (D) (D) (D)

0.604 (D) (D)

0.555 0.596 0.549

0.558

(NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

(NA)

(NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

(NA)

(NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

(NA)

(D) Withheld to avoid disclosing data for individual operations. (NA) Not available.

Prices Received and Farm Marketings for Upland Cotton and Rice – United States: April 2016 with Comparisons

Item April 2015 March 2016 April 2016

Cotton, Upland Average price ..................................... dollars/pound Marketings 1 .......................................... 1,000 bales Rice, all Average price .......................................... dollars/cwt Marketings 2 ..............................................1,000 cwt Rice, long Average price .......................................... dollars/cwt Marketings 2 ..............................................1,000 cwt Rice, medium and short California Average price .......................................... dollars/cwt Other States 3 Average price .......................................... dollars/cwt United States Average price .......................................... dollars/cwt Marketings 2 ..............................................1,000 cwt

0.626 490

12.60 15,918

11.10 12,163

20.80

14.30

17.30 3,755

0.552 1,046

11.80 13,779

11.00 10,770

17.80

10.80

14.50 3,009

0.558 783

11.30 13,803

10.70 11,007

17.80

10.40

13.80 2,796

1 Marketings based on a survey of cotton buyers in the major producing States - Alabama, Arizona, Arkansas, California, Georgia, Louisiana, Mississippi, North Carolina, Tennessee, and Texas.

2 Purchases by private firms and rice (rough equivalent) shipped by cooperatives. 3 Other States include Arkansas, Louisiana, Mississippi, Missouri, and Texas.

Page 23: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 23 USDA, National Agricultural Statistics Service

Prices Received for Hay by Type – States and United States: April 2016 with Comparisons

State

All hay Alfalfa hay Other hay

April 2015

March 2016

April 2016

April 2015

March 2016

April 2016

April 2015

March 2016

April 2016

(dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton)

Arizona ............ California ......... Colorado .......... Idaho ............... Illinois .............. Iowa ................. Kansas ............ Kentucky .......... Michigan .......... Minnesota ........ Missouri ........... Montana .......... Nebraska ......... Nevada ............ New Mexico ..... New York ......... North Dakota ... Ohio ................. Oklahoma ........ Oregon ............ Pennsylvania ... South Dakota ... Texas .............. Utah ................. Washington ..... Wisconsin ........ Wyoming ......... United States ...

200.00 209.00 196.00 160.00 151.00 124.00 125.00 141.00 161.00 113.00

97.00

123.00 94.00

213.00 195.00 163.00 86.00

145.00 93.00

193.00

246.00 112.00 89.00

175.00 195.00 117.00 117.00

168.00

180.00 160.00 176.00 150.00 156.00 97.00 91.00

147.00 125.00 80.00

90.00

118.00 86.00

131.00 179.00 159.00 72.00

143.00 108.00 170.00

197.00 93.00

104.00 145.00 153.00 86.00

113.00

138.00

180.00 156.00 177.00 140.00 155.00 98.00 90.00

147.00 123.00 85.00

92.00

123.00 84.00

126.00 164.00 174.00 75.00

148.00 120.00 177.00

190.00 96.00

102.00 145.00 147.00 89.00

113.00

146.00

200.00 215.00 195.00 160.00 165.00 131.00 132.00 210.00 175.00 123.00

165.00 125.00 96.00

215.00 200.00 220.00 87.00

175.00 187.00 200.00

245.00 118.00 230.00 175.00 195.00 124.00 120.00

183.00

180.00 165.00 180.00 150.00 170.00 102.00 100.00 225.00 130.00 85.00

160.00 120.00 89.00

130.00 185.00 236.00 75.00

180.00 138.00 170.00

198.00 95.00

195.00 145.00 145.00 96.00

115.00

144.00

180.00 165.00 180.00 140.00 170.00 104.00 105.00 225.00 125.00 99.00

160.00 125.00 88.00

125.00 165.00 206.00 76.00

185.00 142.00 175.00

189.00 100.00 192.00 145.00 140.00 96.00

115.00

153.00

200.00 175.00 200.00 155.00 100.00 97.00

102.00 110.00 130.00 84.00

80.00

115.00 90.00

190.00 160.00 160.00 61.00

120.00 79.00

180.00

246.00 94.00 72.00

140.00 195.00 79.00

100.00

140.00

195.00 130.00 150.00 150.00 100.00 82.00 71.00

115.00 110.00 61.00

75.00

110.00 77.00

150.00 145.00 157.00 54.00

115.00 81.00

170.00

196.00 81.00 85.00

120.00 170.00 56.00

100.00

126.00

160.00 115.00 160.00 140.00 100.00 83.00 74.00

110.00 115.00 56.00

75.00

115.00 79.00

140.00 155.00 173.00 58.00

115.00 91.00

180.00

190.00 81.00 87.00

115.00 160.00 67.00

100.00

130.00

Prices Received for Apples – States and United States: April 2016 with Comparisons [Equivalent packinghouse-door returns for California, Michigan, New York, Pennsylvania, and Washington. Prices at point of first sale for other States]

State Apples, fresh use

April 2015 March 2016 April 2016

(dollars per pound) (dollars per pound) (dollars per pound)

California ......................................... Michigan .......................................... New York ......................................... Pennsylvania ................................... Virginia ............................................ Washington ..................................... United States ...................................

(S) 0.310 0.250 0.238 0.290 0.260

0.259

(S) 0.365 0.249 0.339 0.250 0.488

0.460

(S) 0.380 0.249 0.334 0.240 0.482

0.435

(S) Insufficient number of reports to establish an estimate.

Page 24: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

24 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for Citrus Fruits by Utilization – States and United States: April 2015 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in California-80, Florida-95]

Commodity, State,

and type

FOB packed fresh

Equivalent returns

Packinghouse door On-tree

All Fresh Process All Fresh Process

(dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box)

Grapefruit California ........................................... Florida, all ......................................... White ............................................. Red ............................................... Texas ................................................ United States .................................... Lemons Arizona ............................................. California ........................................... United States .................................... Oranges California, all ..................................... Navel and miscellaneous .............. Valencia ........................................ Florida, all ......................................... Early and mids .............................. Valencia ........................................ United States .................................... Tangelos Florida ............................................... United States .................................... Tangerines and mandarins Arizona ............................................. California ........................................... Florida ............................................... United States ....................................

(D)

26.10 25.60 26.10 22.40

21.10

(S) 46.10

46.10

28.60 29.00

(D) 26.70

(S) 26.70

28.40

(S)

(S)

(D) (D)

42.70

(D)

11.21 6.69 6.02 8.29 7.08

7.65

(S) 27.44

27.44

14.11 14.18

(D) 13.37

(S) 13.37

13.54

(S)

(S)

(D) (D)

19.03

(D)

(D)

15.29 14.70 15.30 10.80

11.95

(S) 36.65

36.65

19.21 19.65

(D) 15.60

(S) 15.55

18.77

(S)

(S)

(D) (D)

29.30

(D)

(D)

5.89 6.00 5.55 (D)

5.18

(S) (D)

(D)

(D) (D) (D)

13.30 (S)

13.30

12.28

(S)

(S)

(D) (D)

7.40

(D)

9.08 4.02 3.42 5.43 5.53

5.33

(S) 21.65

21.65

11.45 11.52

(D) 10.57

(S) 10.57

10.78

(S)

(S)

(D) (D)

15.34

(D)

(D)

13.04 12.55 13.05 9.19

9.93

(S) 30.51

30.51

16.60 17.04

(D) 12.85

(S) 12.80

16.15

(S)

(S)

(D) (D)

26.05

(D)

(D)

3.18 3.40 2.45 (D)

2.70

(S) (D)

(D)

(D) (D) (D)

10.50 (S)

10.50

9.48

(S)

(S)

(D) (D)

3.20

(D)

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 25: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 25 USDA, National Agricultural Statistics Service

Prices Received for Citrus Fruits by Utilization – States and United States: March 2016 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in California-80, Florida-95]

Commodity, State,

and type

FOB packed fresh

Equivalent returns

Packinghouse door On-tree

All Fresh Process All Fresh Process

(dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box)

Grapefruit California .......................................... Florida, all ......................................... White ............................................ Red ............................................... Texas ................................................ United States .................................... Lemons Arizona ............................................. California .......................................... United States .................................... Oranges California, all ..................................... Navel and miscellaneous .............. Valencia ........................................ Florida, all ......................................... Early and mids .............................. Valencia ........................................ Texas, all .......................................... Early and mids .............................. Valencia ........................................ United States .................................... Tangelos Florida .............................................. United States .................................... Tangerines and mandarins California .......................................... Florida .............................................. United States ....................................

(D)

27.00 30.70 26.80 31.70

28.50

(S) 48.30

48.30

24.80 24.50

(D) 27.70

(S) 27.30 35.40

(S) 35.70

25.30

(S)

(S)

(D) 41.90

(D)

16.62 11.13 9.17

11.97 8.95

10.77

(S) 30.61

30.61

12.35 12.11

(D) 11.66

(S) 11.64 20.07

(S) 22.21

11.95

(S)

(S)

(D) 18.48

(D)

(D)

16.17 19.80 16.00 20.10

18.02

(S) 38.66

38.66

15.24 14.96

(D) 16.51

(S) 16.15 23.81

(S) 24.10

15.56

(S)

(S)

(D) 28.50

(D)

(D)

9.12 8.70 9.40 (D)

6.74

(S) (D)

(D)

(D) (D) (D)

11.51 (S)

11.50 (S) (S) (D)

10.58

(S)

(S)

(D) 8.10

0.35

14.14 8.42 6.59 9.20 7.43

8.46

(S) 24.64

24.64

9.65 9.41 (D)

8.87 (S)

8.84 18.27

(S) 20.39

9.19

(S)

(S)

(D) 14.76

(D)

(D)

13.93 17.65 13.75 18.49

15.99

(S) 32.40

32.40

12.58 12.30

(D) 13.77

(S) 13.40 21.98

(S) 22.27

12.92

(S)

(S)

(D) 25.25

(D)

(D)

6.22 6.10 6.30 (D)

4.26

(S) (D)

(D)

(D) (D) (D)

8.71 (S)

8.70 (S) (S) (D)

7.78

(S)

(S)

(D) 3.90

-4.15

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 26: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

26 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for Citrus Fruits by Utilization – States and United States: April 2016 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in California-80, Florida-95]

Commodity, State,

and type

FOB packed fresh

Equivalent returns

Packinghouse door On-tree

All Fresh Process All Fresh Process

(dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box)

Grapefruit California ........................................... Florida, all ......................................... White ............................................. Red ............................................... Texas ................................................ United States .................................... Lemons Arizona ............................................. California ........................................... United States .................................... Oranges California, all ..................................... Navel and miscellaneous .............. Valencia ........................................ Florida, all ......................................... Early and mids .............................. Valencia ........................................ Texas, all .......................................... Early and mids .............................. Valencia ........................................ United States .................................... Tangelos Florida ............................................... United States .................................... Tangerines and mandarins California ........................................... Florida ............................................... United States ....................................

(D)

29.00 (S)

29.00 31.70

29.30

(S) 48.30

48.30

25.10 24.60

(D) 28.70

(S) 28.70 34.90

(S) 35.70

25.60

(S)

(S)

(D) 41.20

(D)

16.11 14.03 8.15

15.00 8.82

12.66

(S) 30.29

30.29

11.97 11.65

(D) 11.89

(S) 11.89 18.24

(S) 17.77

11.95

(S)

(S)

(D) 20.83

(D)

(D)

18.20 (S)

18.20 20.10

20.04

(S) 38.66

38.66

15.52 15.06

(D) 17.55

(S) 17.55 23.33

(S) 24.10

15.86

(S)

(S)

(D) 27.80

(D)

(D)

9.91 8.15

10.60 (D)

3.80

(S) (D)

(D)

(D) (D) (D)

11.70 (S)

11.70 (D) (S) (D)

10.71

(S)

(S)

(D) 8.45

-0.04

13.50 11.42 5.55

12.39 7.30

10.48

(S) 24.33

24.33

9.26 8.95 (D)

9.09 (S)

9.09 16.45

(S) 15.98

9.19

(S)

(S)

(D) 17.24

(D)

(D)

15.95 (S)

15.95 18.49

17.94

(S) 32.40

32.40

12.86 12.40

(D) 14.80

(S) 14.80 21.50

(S) 22.27

13.21

(S)

(S)

(D) 24.55

(D)

(D)

6.95 5.55 7.50 (D)

1.52

(S) (D)

(D)

(D) (D) (D)

8.90 (S)

8.90 (D) (S) (D)

7.91

(S)

(S)

(D) 4.25

-4.54

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 27: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 27 USDA, National Agricultural Statistics Service

Prices Received for Potatoes – States and United States: April 2016 with Comparisons

State April 2015 March 2016 April 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

California, all 1 ..................................... Spring .............................................. Fall .................................................. Colorado, all 1 ...................................... Fresh 2 ............................................. Florida ................................................. Idaho, all 1 ............................................ Fresh 2 ............................................. Processing ....................................... Maine .................................................. Michigan .............................................. Minnesota ............................................ New York ............................................. North Carolina ..................................... North Dakota, all 1 ................................ Fresh 2 ............................................. Processing ....................................... Oregon ................................................ Texas .................................................. Virginia ................................................ Washington, all 1 .................................. Processing ....................................... Wisconsin, all 1 .................................... Fresh 2 ............................................. Processing ....................................... United States, all 1 ............................... Fresh 2 ............................................. Processing .......................................

12.50 14.70 9.20 8.10 8.70

17.10 8.65 5.60 7.85 (D)

(D)

8.55 (D) (S) (D) (D) (D)

9.50 (D) (S)

8.60 8.25

12.00 10.60 9.55

9.69 9.69 8.50

11.70 15.20 9.95 8.90

10.30 20.40 7.95 5.45 7.50 (D)

(D)

10.60 (D) (S) (D) (D) (D)

10.20 (D) (S)

8.45 8.00

10.70 8.70 9.35

9.38 8.79 8.30

13.40 16.20 9.90 8.35

10.10 18.80 8.95 5.35 7.50 (D)

(D)

10.40 (D) (S) (D) (D) (D)

12.70 (D) (S)

8.70 (D)

9.65 8.80 9.45

9.94 9.10 8.65

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. 1 Average price of potatoes sold for all uses, including table stock, processing, seed, and livestock feed. 2 Fresh market prices only. Includes table stock prices.

Page 28: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

28 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Received for All Milk – States and United States: April 2016 with Comparisons [Before deduction for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies]

State April 2015 March 2016 April 2016

Price Fat test Price Fat test Price Fat test

(dollars per cwt) (percent) (dollars per cwt) (percent) (dollars per cwt) (percent)

Arizona ................................ California ............................. Colorado .............................. Florida .................................. Idaho .................................... Illinois ................................... Indiana ................................. Iowa ..................................... Kansas ................................. Michigan .............................. Minnesota ............................ New Mexico ......................... New York ............................. Ohio ..................................... Oregon ................................. Pennsylvania ....................... South Dakota ....................... Texas ................................... Utah ..................................... Vermont ............................... Virginia ................................. Washington .......................... Wisconsin ............................ United States .......................

15.10 14.52 17.30 20.10 16.50 17.30 17.00 16.90 16.20 16.20

17.60 15.50 17.50 17.30 18.00 17.60 18.40 17.00 16.40 17.90

17.90 16.30 17.60

16.50

3.40 3.66 3.59 3.51 3.77 3.73 3.69 3.76 3.65 3.67

3.85 3.52 3.78 3.75 3.87 3.71 4.00 3.82 3.71 3.86

3.63 3.87 3.76

3.72

14.00 14.13 15.70 18.30 15.00 15.40 15.10 15.50 14.90 14.10

15.80 14.60 16.20 16.00 16.80 16.30 16.60 16.00 14.90 16.50

17.00 15.30 15.80

15.30

3.50 3.75 3.66 3.57 3.86 3.80 3.75 3.86 3.70 3.70

3.95 3.59 3.86 3.84 3.93 3.83 4.10 3.94 3.81 3.86

3.73 3.93 3.81

3.80

13.90 13.63 15.70 18.50 14.70 15.20 15.10 15.30 14.80 14.00

15.60 14.40 16.10 16.00 16.60 16.20 16.20 15.80 14.90 16.40

16.40 15.10 15.60

15.00

3.50 3.71 3.65 3.52 3.82 3.78 3.70 3.84 3.68 3.66

3.91 3.55 3.83 3.79 3.86 3.79 4.05 3.91 3.76 3.83

3.66 3.86 3.79

3.76

Prices Received for Milk Cows – States and United States: April 2016 with Comparisons [Animals sold for dairy herd replacement only. Quarterly United States milk cow prices are based on revised milk cow inventory]

State April 2015 January 2016 April 2016

(dollars per head) (dollars per head) (dollars per head)

Arizona ........................................... California ........................................ Colorado ......................................... Florida ............................................. Idaho ............................................... Illinois .............................................. Indiana ............................................ Iowa ................................................ Kansas ............................................ Michigan ......................................... Minnesota ....................................... New Mexico .................................... New York ........................................ Ohio ................................................ Oregon ............................................ Pennsylvania .................................. South Dakota .................................. Texas .............................................. Utah ................................................ Vermont .......................................... Virginia ............................................ Washington ..................................... Wisconsin ....................................... United States ..................................

2,000.00 2,000.00 2,100.00 2,100.00 1,900.00 2,000.00 1,900.00 1,950.00 1,950.00 2,100.00

1,860.00 2,000.00 1,820.00 1,850.00 2,000.00 1,890.00 1,840.00 2,000.00 1,900.00 1,880.00

1,930.00 1,850.00 2,080.00

1,970.00

1,900.00 1,800.00 1,900.00 1,800.00 1,850.00 1,850.00 1,800.00 1,860.00 1,830.00 2,000.00

1,730.00 1,900.00 1,700.00 1,750.00 1,850.00 1,780.00 1,700.00 1,850.00 1,700.00 1,830.00

1,770.00 1,800.00 1,910.00

1,830.00

1,950.00 1,800.00 1,950.00 1,790.00 1,900.00 1,700.00 1,700.00 1,860.00 1,830.00 1,900.00

1,850.00 1,900.00 1,670.00 1,700.00 1,900.00 1,700.00 1,730.00 1,900.00 1,750.00 1,850.00

1,660.00 1,800.00 1,910.00

1,820.00

Page 29: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 29 USDA, National Agricultural Statistics Service

Commodity Parity Prices and Price as Percent of Parity Price – United States: April 2016 with Comparisons [Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January Agricultural Prices for details on adjusted base price and parity price computations. Parity data not available for blank cells. Primary source of data for livestock and milk prices is United States Department of Agriculture's Agricultural Marketing Service]

Commodity and unit Adjusted

base price

Parity price Price as percent

of parity

April 2015

March 2016

April 2016

April 2015

March 2016

April 2016

(dollars) (dollars) (dollars) (dollars) (percent) (percent) (percent)

Basic commodities All wheat ....................................... bushel Rice ................................................... cwt Corn ............................................. bushel Cotton Upland ....................................... pound American Pima .......................... pound Peanuts ......................................... pound Small chickpeas 1 ............................... cwt Large chickpeas 1 .............................. cwt Lentils 1 .............................................. cwt Designated non-basic All milk, to plants 2 .............................. cwt Honey, extracted 3 ......................... pound Wool and mohair Wool .............................................. pound Mohair ........................................... pound Other non-basic Apples, fresh 4 ............................... pound Barley ........................................... bushel Canola ............................................... cwt Cottonseed ......................................... ton Dry edible beans ................................ cwt Flaxseed ....................................... bushel Oats .............................................. bushel Potatoes ............................................ cwt Sorghum grain ................................... cwt Soybeans ..................................... bushel Sunflower, all ..................................... cwt Citrus (equivalent on-tree) Grapefruit .......................................... box Lemons .............................................. box Oranges ............................................. box Tangerines ......................................... box Livestock and poultry Beef cattle ......................................... cwt Broilers .......................................... pound Calves ............................................... cwt Eggs 2 ............................................ dozen Hogs .................................................. cwt Turkeys, live .................................. pound

0.626 1.37

0.450

0.067 0.133 0.023 2.250 3.270 2.380

1.80 0.157

0.121 0.394

0.033 0.484 1.890 20.00 3.21

1.150 0.296 0.857 0.778 1.080 2.16

0.660 1.62

0.865 1.79

11.10 0.050 16.20 0.103 5.70

0.063

18.50 39.80 13.20

1.96 4.04

0.713 65.30 98.90 67.70

54.30 4.45

3.47 11.20

0.980 13.90 55.80

570.00 96.50 34.70 8.76

25.10 22.50 32.10 63.20

23.10 44.20 23.90 52.00

321.00 1.48

454.00 2.79

172.00 1.810

18.10 39.70 13.00

1.94 3.85

0.667 65.20 94.80 69.00

52.20 4.55

3.51 11.40

0.956 14.00 54.80

580.00 93.00 33.30 8.58

24.80 22.50 31.30 62.60

19.10 46.90 25.10 51.90

322.00 1.45

469.00 2.98

165.00 1.830

18.10 39.50 13.00

1.93 3.84

0.664 64.90 94.30 68.70

51.90 4.53

3.49 11.40

0.952 14.00 54.50

577.00 92.60 33.20 8.54

24.70 22.40 31.20 62.30

19.00 46.70 25.00 51.60

320.00 1.44

467.00 2.97

164.00 1.820

30 32 28

32 38 31 29 25 40

31 48

42 43

26 36 29 34 33 35 32 39 35 30 37

23 49 45 44

50 43 63 45 28 39

24 30 27

28 34 29 38 32 56

30 47

41 46

48 39 28 41 29 25 26 38 25 27 34

44 53 37 35

42 34 42 32 30 43

25 29 28

29 35 30 39 34 53

29 47

42 46

46 38 30 41 29 24 23 40 24 29 34

55 52 37 32

41 36 39 27 31 46

1 Parity prices began January 2015. 2 Seasonally adjusted price as percentage of parity price. 3 Wholesale extracted. Adjusted base price derived from state annual averages prices weighted by production. For 1982 through 1985 the national

averages are the support prices. 4 Equivalent packinghouse-door returns for California, New York, Oregon, and Washington. Price at point of first sale for other states.

Page 30: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

30 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Commodity Parity Prices – United States: April 2016 with Comparisons [Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January Agricultural Prices for details on adjusted base price and parity price computations]

Commodity and unit Adjusted

base price

Parity price

April 2015

March 2016

April 2016

(dollars) (dollars) (dollars) (dollars)

Field crops and miscellaneous Hops ............................................................................ pound Mustard seed ................................................................... cwt Rapeseed ........................................................................ cwt Rye ............................................................................. bushel Safflower .......................................................................... cwt Spearmint oil ................................................................ pound Sweet potatoes ................................................................ cwt Tobacco Flue-cured, 11-14 ..................................................... pound Fire-cured, 21-23 ...................................................... pound Burley, 31 ................................................................. pound Maryland, 32 ............................................................ pound Dark air-cured, 35-37 ............................................... pound Pennsylvania seedleaf, 41 ........................................ pound Cigar binder, 51 ........................................................ pound Non-citrus fruit Apples, processing 1 2 ....................................................... ton Apricots Fresh 3 .......................................................................... ton Dried (California) ........................................................... ton Avocados 2 3 ...................................................................... ton Cherries Sweet ............................................................................ ton Tart 2 ........................................................................ pound Cranberry 2 4 ................................................................. barrel Dates (California) 3 ............................................................ ton Grapes (California) Raisin variety 5 .............................................................. ton Wine, processing ........................................................... ton Kiwifruit 2 ........................................................................... ton Nectarines, fresh (California) 3 ........................................... ton Olives, canning (California) 4 ............................................. ton

0.338 3.17 2.66

0.630 2.23 1.70 2.08

0.180 0.255 0.179 0.171 0.230 0.184 0.629

18.30

116.00 251.00 178.00

209.00 0.032 4.32

147.00

140.00 64.90 91.40 60.50 93.10

9.65

91.10 72.10 18.20 64.10 48.70 61.80

5.37 7.69 5.37 5.08 6.95 5.37

18.80

537.00

3,530.00 7,630.00 5,430.00

6,380.00

0.980 132.00

4,510.00

4,280.00 (NA)

2,670.00 1,810.00 2,840.00

9.80

91.90 77.10 18.30 64.60 49.30 60.30

5.22 7.39 5.19 4.96 6.67 5.33

18.20

530.00

3,360.00 7,270.00 5,160.00

6,060.00

0.927 125.00

4,260.00

4,060.00 1,880.00 2,650.00 1,750.00 2,700.00

9.75

91.50 76.70 18.20 64.30 49.00 60.00

5.19 7.36 5.16 4.93 6.64 5.31

18.10

528.00

3,350.00 7,240.00 5,140.00

6,030.00

0.923 125.00

4,240.00

4,040.00 1,870.00 2,640.00 1,750.00 2,690.00

See footnote(s) at end of table. --continued

Page 31: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 31 USDA, National Agricultural Statistics Service

Commodity Parity Prices – United States: April 2016 with Comparisons (continued) [Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January Agricultural Prices for details on adjusted base price and parity price computations]

Commodity and unit Adjusted

base price

Parity price

April 2015

March 2016

April 2016

(dollars) (dollars) (dollars) (dollars)

Non-citrus fruit - continued Papayas (Hawaii) ......................................................... pound Peaches Fresh 4 6 ........................................................................ ton Dried (California) 1 5 ...................................................... ton Processing, excludes dried Clingstone (California) 4 .......................................... ton Pears, Fresh 6 ................................................................... ton Plums (California) equivalent on-tree Fresh 7 .......................................................................... ton Prunes, dried (California) 1 2 5 ........................................... ton Prunes and plums Fresh, excludes California 7 .......................................... ton Processing, excludes dried 1 ......................................... ton Strawberries Fresh 10 .................................................................... pound Processing ............................................................... pound Sugar crops Sugar beets 2 8 .............................................................. ton Sugarcane 2 8 ................................................................ ton Tree nuts 9 Almonds ...................................................................... pound Hazelnuts ......................................................................... ton Pistachios .................................................................... pound Walnuts ............................................................................ ton Vegetables, fresh 10 Carrots 11 ......................................................................... cwt Cauliflower 11 ................................................................... cwt Celery 11 ........................................................................... cwt Honeydew melons ........................................................... cwt Lettuce ............................................................................. cwt Onions 11 .......................................................................... cwt Tomatoes ........................................................................ cwt

0.041

84.80 46.10

32.60

56.00

60.60

154.00

61.20 23.80

8.900 3.44

5.26 3.52

0.227 217.00 0.227

236.00

2.67 4.29 2.05 1.96 2.26 1.42 4.14

1.22

2,580.00 1,380.00

995.00

1,710.00

1,850.00 4,660.00

1,870.00

710.00

268.00 100.00

159.00 105.00

7.01 6,590.00

6.74 6,620.00

78.10 124.00 59.10 58.80 64.40 41.90

125.00

1.19

2,460.00 1,340.00

945.00

1,620.00

1,760.00 4,460.00

1,770.00

690.00

258.00 99.70

152.00 102.00

6.58 6,290.00

6.58 6,840.00

77.40 124.00

59.40 56.80 65.50 41.20

120.00

1.18

2,450.00 1,330.00

941.00

1,620.00

1,750.00 4,440.00

1,770.00

687.00

257.00 99.20

152.00 102.00

6.55 6,260.00

6.55 6,810.00

77.00 124.00 59.10 56.50 65.20 41.00

119.00

(NA) Not available. 1 Equivalent returns at processing plant door. 2 Adjusted base price is carried forward from the previous year since current marketing year average price is not yet available. 3 Equivalent returns at packinghouse door. 4 Equivalent returns for bulk fruit at first delivery point. 5 Dried basis. 6 Equivalent packinghouse-door returns for California, New York (apples only), Oregon (except peaches), and Washington. Price at point of first

sale for other states. 7 Based on "as sold" prices for fresh fruit in all states. 8 Relates to prices including average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and

abandonment payments not included. 9 Prices In-Shell basis except almonds which are shelled basis. 10 FOB shipping point price. 11 Includes some processing.

Page 32: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

32 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Reliability of Prices Received Estimates

Definition: Prices received represent sales from producers to first buyers. They include all grades and qualities. The

average commodity price from the survey multiplied by the total quantity marketed theoretically should give the total cash

receipts for the commodity.

Survey procedures: Primary sales data used to determine grain prices were obtained from probability samples of about

1,900 mills and elevators. These procedures ensure that virtually all grain moving into commercial channels has a chance

of being included in the survey. Generally, States surveyed account for 90 percent or more of total United States

production. Livestock prices are obtained from packers, stockyards, auctions, dealers, and market check data from

AMS-USDA, private marketing organizations, and state commodity groups and agencies. Inter-farm sales of grain and

livestock are not included since they represent very small percentages of the total sales. Grain marketed for seed is also

excluded. Fruit and vegetable prices are obtained from sample surveys and market check data from AMS-USDA, private

marketing organizations, state agencies, and universities.

Summary and estimation procedures: Survey quantities sold are expanded by strata to state levels and used to weight

average strata prices to a state average. State prices are then weighted to a United States price based on expanded sales.

Recommendations are prepared by the Regional Field Offices and reviewed by the Agricultural Statistics Board in

Washington, D.C. State recommendations are reviewed for reasonableness with survey data, other States, and recent

historic estimates.

Revisions: In general, revisions are made during annual commodity market year estimation time, following five-year

Census revisions, or when later information is received. Revisions are published in monthly issues of Agricultural Prices.

Reliability: United States price estimates based on probability surveys generally have a sampling error of less than one

percent for the major commodities such as corn, wheat, soybeans, cotton, and rice. Current methods of summarization for

non-probability commodities are not designed directly to calculate sampling errors. However, analytical measures

approximate the United States relative sampling errors at around five percent. Any non-sampling errors are attributed to

such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in

coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these non-sampling

errors.

Program Changes: After the Council on Food, Agricultural and Resource Economics (C-FARE) 2009 program review which

included changes in farm production practices, plans were implemented to make necessary program improvements in the

agricultural price program. The index group structure for prices received was modified to maintain a more universal structure

and consistency with the required 1910-1914 series.

Modifications implemented January 2014 include the following: update the current 1990-1992 base reference period to 2011,

link the 1910-1914 series to the updated base reference period, 2011, create index groups used universally by researchers, data

users, and policymakers, re-classify agricultural commodities into the index groups, expand the commodity coverage for

vegetable, melon, non-citrus, and tree nuts, update monthly market weights, and adjust (normalization) current five year

moving average cash receipts and farm input cost weights.

Modifications implemented January 2015 discontinued preliminary prices and replaced the annual average index with an

annual index.

The February 2016 program update changed the rounding of the 2011 base period indexes to nearest tenth of a percent.

The 1910-1914 base period indexes remain rounded to the nearest whole number.

See Price Program Links at end of this report for program change details.

Page 33: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 33 USDA, National Agricultural Statistics Service

April Prices Paid by Farmers

The April index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 106.6,

is down 0.5 percent from March 2016 and down 4.2 percent from April 2015.

Production: The April index, at 105.3, is down 0.7 percent from March and is 6.3 percent lower than last year. Lower

prices for feeder cattle, concentrates, wage rates, and feeder pigs more than offset higher prices for hay & forages, diesel,

gasoline, and nitrogen.

Feed: At 100.2, the April index decreased 0.5 percent from March and is down 6.1 percent from last April. Since

March, lower prices for concentrates, complete feeds, supplements, and feed grains offset higher prices for

hay & forages.

Livestock and poultry: The April index, at 115.3, decreased 4.5 percent from March and is down 28 percent from

last year. Since March, prices are lower for feeder cattle, feeder pigs, and milk cows. The April feeder cattle price, at

$155.00 per cwt, is down $8.00 per cwt from the March price. April feeder pigs averaged $188.00 per cwt, down

$7.00 per cwt from March.

Fertilizer: The index for April, at 76.0, is up 0.7 percent from March but is 16 percent below April a year ago. Since

March, prices are higher for nitrogen, potash & phosphate, and mixed fertilizer.

Chemicals: The April index, at 108.8, is unchanged from March but is up 2.2 percent from last April.

Fuels: At 53.5, the April index is up 3.5 percent from March but is 20 percent below April 2015. Compared with

March, prices are higher for diesel, gasoline, and LP gas.

Machinery: The index for April, at 114.2, decreased 0.2 percent from March and is 0.8 percent below last April.

Compared with last month, prices are lower for self-propelled machinery.

Consumer Price Index: The April 2016 Consumer Price Index, as issued by the Bureau of Labor Statistics, for all urban

consumers (CPI-U) increased 1.1 percent over the last 12 months to an index level of 239.261 (1982-1984=100). For the

month, the index increased 0.5 percent prior to seasonal adjustment.

Page 34: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

34 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Prices Paid Indexes and Related Parity Ratios – United States: April 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov]

Index Group and

Ratios

1910-1914 Base 2011 Base

April 2015

March 2016

April 2016

April 2015

March 2016

April 2016

(percent) (percent) (percent) (percent) (percent) (percent)

Prices paid by farmers for commodities, services, interest, taxes, and wage rates (PPITW) ......................................... Production ........................................... Feed ............................................... Livestock and poultry ....................... Seeds .............................................. Fertilizer .......................................... Chemicals ....................................... Fuels ............................................... Supplies and repairs ....................... Autos and trucks ............................. Machinery ....................................... Building materials ............................ Services and rent ............................ Services .......................................... Rent ................................................ Interest 1 ............................................. Taxes 2 ................................................ Wage rates ......................................... Family living-CPI 3 ............................... Production, interest, taxes, ...................... and wage rates (PITW) .......................

3011 2340 1175 3146 3755 1088 956

1877 1251

3257 7031 2508 2470 (NA) (NA)

3643 7335 7858 2248

3165

2899 2206 1110 2382 3643 909 977

1445 1245

3277 6988 2487 2517 (NA) (NA)

3846 7623 8210 2262

3026

2885 2191 1104 2276 3643 915 977

1496 1243

3272 6978 2496 2519 (NA) (NA)

3846 7623 8159 2273

3007

111.3 112.4 106.7 159.3 114.3 90.3

106.5 67.1

106.0

106.0 115.1 107.8 (NA)

113.4 120.8

99.9

123.6 109.7 105.2

112.2

107.1 106.0 100.7 120.7 110.9 75.5

108.8 51.7

105.5

106.6 114.4 106.9 (NA)

116.2 122.0

105.5 128.4 114.7 105.9

107.3

106.6 105.3 100.2 115.3 110.9 76.0

108.8 53.5

105.4

106.4 114.2 107.3 (NA)

116.3 122.0

105.5 128.4 113.9 106.4

106.6

Ratio (received/paid) ............................... Parity ratio 4 ............................................ Parity ratio adjusted 5 .............................. PPITW adjusted for productivity 6 .......................................

(NA) 35 36

1453

(NA) 33 34

1431

(NA) 33 34

1427

93 (NA) (NA)

(NA)

87 (NA) (NA)

(NA)

87 (NA) (NA)

(NA)

Crop sector (PPITW) ............................... Livestock sector (PPITW) ........................

(NA) (NA)

(NA) (NA)

(NA) (NA)

108.3 114.5

106.5 107.8

106.6 106.7

Farm sector (production) ......................... Non-farm sector (production) ..................

(NA) (NA)

(NA) (NA)

(NA) (NA)

123.2 105.6

109.4 103.7

107.3 103.9

(NA) Not available. 1 Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 2 Farm real estate taxes payable per acre. 3 Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), converted by the USDA. 4 Ratio of index of prices received to PPITW (1910-1914=100). 5 Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.026 for 2016 and the

revised factor is 1.026 for 2015. 6 PPITW is adjusted based on productivity trend for the prior 15 years.

Page 35: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 35 USDA, National Agricultural Statistics Service

Prices Paid Indexes and Annual Weights for Input Components and Sub-components – United States: April 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Relative weights are a five year moving average]

Index Group

Relative weights Indexes (2011=100)

2015 2016 April 2015

March 2016

April 2016

(percent) (percent) (percent) (percent) (percent)

Production items ................................................... Feed ................................................................. Feed grains ................................................... Complete feeds ............................................. Hay and forages ........................................... Concentrates ................................................ Supplements ................................................. Livestock and poultry ........................................ Feeder cattle ................................................. Feeder pigs ................................................... Milk cow replacements .................................. Poultry .......................................................... Seeds ............................................................... Field crops .................................................... Grasses and legumes ................................... Fertilizer ............................................................ Mixed fertilizer ............................................... Nitrogen ........................................................ Potash and phosphate .................................. Chemicals ......................................................... Herbicides ..................................................... Insecticides ................................................... Fungicides and other .................................... Fuels ................................................................ Diesel ........................................................... Gasoline ....................................................... LP gas .......................................................... Supplies and repairs ......................................... Supplies ........................................................ Repairs ......................................................... Autos and trucks ............................................... Autos ............................................................ Trucks ........................................................... Machinery ......................................................... Tractors ........................................................ Self-propelled ................................................ Other machinery ........................................... Building materials ............................................. Services ............................................................ Custom rates ................................................ Other services ............................................... Rent .................................................................. Cash ............................................................. Share ............................................................ Interest ................................................................. Taxes ................................................................... Wage rates ........................................................... Family living-CPI ...................................................

74.6

15.5 2.2 7.6 1.9 2.5 1.3 8.3 6.4 0.7 0.7 0.5

5.0 4.5 0.5 6.4 2.8 2.7 0.9 3.2 2.0 0.7 0.5

4.0 2.5 0.8 0.7 4.3 1.4 2.9 1.1 0.1 1.0

5.2 1.1 2.1 2.0 3.7

10.8 1.1 9.7 7.1 3.8 3.3

2.3 2.8 6.4

13.9

75.6

14.5 2.1 7.1 1.8 2.3 1.2

10.5 8.2 0.8 0.9 0.6

5.0 4.5 0.5 6.2 2.7 2.6 0.9 3.2 2.0 0.7 0.5

3.7 2.3 0.8 0.6 4.2 1.4 2.8 1.2 0.2 1.0

5.5 1.2 2.2 2.1 3.7

10.8 1.1 9.7 7.1 3.8 3.3

2.2 2.8 6.2

13.2

112.4

106.7 65.4

115.2 109.2 112.2 112.8 159.3 170.4 115.0 138.7 102.9

114.3 113.7 119.9 90.3 85.6 95.2 90.7

106.5 107.0 107.2 103.0

67.1 62.8 68.3 81.5

106.0 106.3 105.9 106.0 102.1 106.5

115.1 109.6 118.7 114.4 107.8 113.4 111.8 113.6 120.8 128.5 111.8

99.9

123.6 109.7 105.2

106.0

100.7 60.2

110.4 91.0

106.8 116.1 120.7 119.3 139.3 128.9 102.9

110.9 109.5 124.0 75.5 74.8 77.0 73.0

108.8 110.7 109.1 99.9

51.7 47.1 54.4 65.3

105.5 106.2 105.2 106.6 101.8 107.3

114.4 110.6 118.0 112.7 106.9 116.2 111.8 116.7 122.0 129.0 114.0

105.5 128.4 114.7 105.9

105.3

100.2 59.7

110.1 95.5

101.8 115.0 115.3 112.9 134.3 128.2 102.9

110.9 109.5 124.0 76.0 75.1 77.6 74.1

108.8 110.7 109.1 99.9

53.5 48.5 58.2 66.1

105.4 106.1 105.0 106.4 101.5 107.2

114.2 110.6 117.6 112.7 107.3 116.3 111.8 116.9 122.0 129.0 114.0

105.5 128.4 113.9 106.4

Page 36: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

36 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

70

80

90

100

110

120

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Month,All Items and Production Items –United States: 2011=100

All Items Production Items

60

70

80

90

100

110

120

130

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Percent

Paid Indexes, Annual Averages,Production Items, Interest, Taxes, and Wages –United States: 2011=100

Production Items Interest Taxes Wages

Page 37: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 37 USDA, National Agricultural Statistics Service

70

80

90

100

110

120

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Farm Type and Month, All Items –United States: 2011=100

All Farms Crop Farms Livestock Farms

60

70

80

90

100

110

120

130

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Origin and Month,All Production Items –United States: 2011=100

All Farm Non-farm

Page 38: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

38 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

40

60

80

100

120

140

160

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Non-farm Origin and Month,Chemicals, Fertilizer, and Fuels –United States: 2011=100

Chemicals Fertilizer Fuels

40

60

80

100

120

140

160

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Non-farm Origin and Month,Machinery and Supplies & Repairs –United States: 2011=100

Machinery Supplies & Repairs

Page 39: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 39 USDA, National Agricultural Statistics Service

60

80

100

120

140

160

180

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Farm Origin and Month,Feed and Livestock & Poultry –United States: 2011=100

Feed Livestock & Poultry

Page 40: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

40 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Feed Price Ratios – United States: April 2016 with Comparisons

Feed price ratio 1 April 2015 March 2016 April 2016

Broiler-feed: pounds of broiler grower feed equal in value to 1 pound of broiler, live weight 2 .......................................................... Market egg feed: pounds of laying feed equal in value to 1 dozen eggs 3 ...................................................................................... Hog-corn: bushels of corn equal in value to 100 pounds of hog, live weight ........................................................................... Milk-feed: pounds of 16% mixed dairy feed equal in value to 1 pound of whole milk 4 ..................................................................... Steer & heifer-corn: bushels of corn equal in value to 100 pounds of steer & heifers, live weight ...................................................................................................... Turkey-feed: pounds of turkey grower equal in value to 1 pound of turkey, live weight 5 .............................................................

6.0

9.6

13.1

1.95

43.7

7.1

5.1

8.7

14.0

2.08

38.4

9.0

5.2

4.6

14.2

1.97

37.2

9.2

1 Effective January 1995, prices of commercial prepared feeds are based on current United States prices received for corn, soybeans, alfalfa hay, and all wheat.

2 The price of commercial prepared broiler feed is based on current United States prices received for corn and soybeans. The modeled feed uses 58 percent corn and 42 percent soybeans.

3 The price of commercial prepared layer feed is based on current United States prices received for corn and soybeans. The modeled feed uses 75 percent corn and 25 percent soybeans.

4 The price of commercial prepared dairy feed is based on current United States prices received for corn, soybeans, and alfalfa. The modeled feed uses 51 percent corn, 8 percent soybeans, and 41 percent alfalfa.

5 The price of commercial prepared turkey feed is based on current United States prices received for corn, soybeans, and wheat. The modeled feed uses 51 percent corn, 28 percent soybeans, and 21 percent wheat.

Prices Received Used to Calculate Feed Price Ratios – United States: April 2016 with Comparisons [Price data source for livestock and poultry commodities is United States Department of Agriculture's Agriculture Marketing Service]

Item April 2015 March 2016 April 2016

(dollars) (dollars) (dollars)

Broilers, live ......................................................................... pound Eggs, market ........................................................................ dozen Hogs, all ................................................................................... cwt Milk, all ..................................................................................... cwt Steers and heifers .................................................................... cwt Turkeys, live ......................................................................... pound Corn .................................................................................... bushel Hay, alfalfa ................................................................................ ton Soybeans ............................................................................ bushel Wheat, all ............................................................................ bushel

0.640 0.870

49.00 16.50

164.00 0.702

3.75

183.00

9.69 5.56

0.490 0.729

50.00 15.30

137.00 0.789

3.57

144.00

8.56 4.40

0.520 0.390

51.00 15.00

133.00 0.832

3.58

153.00

9.04 4.50

Prices Paid for Feeder Livestock – United States: April 2016 with Comparisons [Price data source is United States Department of Agriculture's Agriculture Marketing Service]

Item April 2015 March 2016 April 2016

(dollars) (dollars) (dollars)

Feeder cattle & calves .............................................................. cwt Feeder pigs .............................................................................. cwt

233.00 161.00

163.00 195.00

155.00 188.00

Page 41: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 41 USDA, National Agricultural Statistics Service

Feed Ratios Monthly and Annual Average – United States: 2011 - 2015 [Annual average is a simple average of monthly ratios, January through December]

Year Broiler 1

January February March April May June July August September October November December Average

2012 2013 2014 2015 2016

3.2 3.6 4.2 5.4 5.2

3.4 3.5 4.0 5.0 4.8

3.6 3.7 4.6 5.4 5.1

3.1 3.8 4.6 6.0 5.2

3.2 3.9 4.9 6.2

3.1 3.8 4.8 5.9

2.6 3.4 4.9 4.7

2.5 3.3 4.8 4.4

2.8 3.7 5.9 4.2

2.9 3.9 6.1 4.1

3.2 4.2 5.8 4.3

3.4 4.1 5.2 4.7

3.1 3.7 5.0 5.0 5.0

Year Market Egg 2

January February March April May June July August September October November December Average

2012 2013 2014 2015 2016

5.1 5.6 8.0

11.3 11.4

5.0 5.0

10.9 12.1 10.2

5.7 6.1 8.8

15.3 8.7

4.5 4.2 8.9 9.6 4.6

4.2 6.3 7.9

18.2

4.8 4.4 7.3

21.8

4.8 5.3 9.6

19.5

5.6 6.1 8.6

26.5

7.0 6.4 8.9

20.7

5.6 7.3

10.5 14.7

6.6 10.4 15.1 22.9

6.3 10.7 17.7 12.2

5.4 6.5

10.2 17.1 8.7

Year Turkey 3

January February March April May June July August September October November December Average

2012 2013 2014 2015 2016

4.8 4.0 5.2 6.3 8.7

4.7 3.9 5.4 6.6 9.0

4.8 4.1 5.3 6.8 9.0

5.0 4.2 5.1 7.1 9.2

5.0 4.1 5.4 7.9

5.1 4.1 5.6 8.4

4.4 4.3 6.2 8.5

4.3 4.6 6.8 9.4

4.8 5.0 7.6

10.0

4.9 5.8 8.3

10.6

4.7 5.3 8.1

10.2

4.3 5.5 7.1 9.8

4.7 4.6 6.3 8.5 9.0

Year Milk 4

January February March April May June July August September October November December Average

2012 2013 2014 2015 2016

1.71 1.58 2.46 2.11 2.14

1.55 1.52 2.58 2.05 2.15

1.48 1.48 2.54 2.01 2.08

1.41 1.54 2.42 1.95 1.97

1.34 1.54 2.23 1.97

1.37 1.52 2.19 2.07

1.33 1.53 2.36 2.02

1.37 1.69 2.63 2.11

1.59 1.88 2.96 2.25

1.74 2.12 2.92 2.29

1.74 2.27 2.75 2.42

1.65 2.30 2.40 2.29

1.52 1.75 2.54 2.13 2.09

Year Hog-Corn 5

January February March April May June July August September October November December Average

2012 2013 2014 2015 2016

10.5 9.2

13.8 15.0 11.9

10.4 9.2

15.1 13.3 13.9

10.3 8.3

18.1 13.2 14.0

9.9 8.9

18.9 13.1 14.2

9.9 9.8

17.6 16.2

11.0 10.7 18.8 16.7

10.1 11.2 23.0 15.4

8.8 11.9 22.9 16.0

8.1 13.1 21.7 14.8

9.1 14.8 21.6 15.1

8.7 14.6 18.5 12.8

9.1 13.9 17.0 11.7

9.7 11.3 18.9 14.4 13.5

Year Steer & Heifer-Corn 6

January February March April May June July August September October November December Average

2012 2013 2014 2015 2016

20.4 18.2 31.7 43.5 36.1

20.1 17.8 33.3 42.5 37.5

20.2 17.8 33.2 42.5 38.4

19.4 18.2 31.8 43.7 37.2

19.2 18.2 31.2 44.2

19.0 17.8 32.9 43.5

16.2 17.8 38.7 39.5

15.5 19.6 43.8 40.5

17.9 23.0 45.3 38.0

18.3 27.6 45.7 35.1

18.0 30.2 46.9 36.4

18.3 29.9 43.8 33.7

18.5 21.4 38.2 40.3 37.3

1 The price of commercial prepared broiler feed is based on current United States prices received for corn and soybeans. The modeled feed ration uses 58 percent corn and 42 percent soybeans.

2 The price of commercial prepared layer feed is based on current United States prices received for corn and soybeans. The modeled feed ration uses 75 percent corn and 25 percent soybeans.

3 The price of commercial prepared turkey feed is based on current United States prices received for corn, soybeans, and wheat. The modeled feed ration uses 51 percent corn, 28 percent soybeans, and 21 percent wheat.

4 The price of commercial prepared dairy feed is based on current United States prices received for corn, soybeans, and alfalfa. The modeled feed ration uses 51 percent corn, 8 percent soybeans, and 41 percent alfalfa.

5 Number of bushels of corn equal in value to 100 pounds of all hogs, live weight. 6 Number of bushels of corn equal in value to 100 pounds of steers & heifers, live weight.

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42 Agricultural Prices (May 2016) USDA, National Agricultural Statistics Service

Reliability of Prices Paid Estimates

Definition: Prices paid by farmers represent the average costs of inputs purchased by farmers and ranchers to produce

agricultural commodities. Conceptually, the average price when multiplied by quantity purchased should equal total

producer expenditures for the item.

Survey procedures: The prices paid data are obtained from establishments that sell goods and services to farmers and

ranchers. Annually, about 8,500 firms are randomly selected from lists by type of item sold with an average response rate

in the range of 75-80 percent. Firms are asked to report the price for the specified item "most commonly bought by

farmers" or that was the "volume seller". Approximately 135 items are surveyed each March to represent all production

input items purchased. The survey reference period for most items is the five business days centered at the 15th of the

month. Separate prices paid surveys are conducted for agricultural chemicals, fuels, feed, fertilizer, machinery, and seed.

Summary and estimation procedures: The annual March Prices Paid Survey is summarized as a non-probability survey.

Average prices reported are aggregated to the region and United States level using weights available from expenditure

data and other administrative sources. Price recommendations are prepared by the Regional Field Offices and

Headquarters for review by the Agricultural Statistics Board in Washington, D.C. Also, the change in price level for

individual items surveyed are combined to the regional and United States levels, and are published as prices paid indexes

referenced to a specific base period. Prices paid indexes for new autos and trucks, building materials, farm supplies, motor

supplies, and marketing containers are updated based on price changes measured in selected Bureau of Labor Statistics

(BLS) indexes.

Revisions: Any revisions are published in the monthly and in annual issues of Agricultural Prices. The basis for revision

must be supported by additional data that directly affect the level of the estimate. More revisions are likely for March

when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA to measure price change.

Reliability: Current methods of summarization for the March data are not designed directly to calculate sampling errors.

However, analytical measures approximate the United States relative sampling errors for major items around 10 percent.

Any non-sampling errors are attributed to such things as the inability to obtain correct information, differences in

interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the

survey process to minimize these non-sampling errors.

Program change: Effective January 2014, the National Agricultural Statistics Service modified the five-year moving

weights and updated the base reference period. In January 2015, publication of preliminary prices was suspended, and the

annual average index was replaced by an annual index.

As of January 2014, the 1990-1992 base reference period was updated to 2011. Five-year moving average weights are

adjusted (normalized) to minimize the effects of price changes. The 1910-1914=100 price indexes, required by statute for

computing parity prices, were linked forward based on the changes in the new 2011=100 indexes. The new indexes were

constructed by multiplying the ratios of the current prices to the base period prices by the moving average weights.

Modifications implemented January 2015 discontinued preliminary prices and replaced the annual average index with an

annual index.

The April 2015 program update discontinued publication of the annual March survey prices paid data.

The February 2016 program update changed the rounding of the 2011 base period indexes to nearest tenth of a percent.

The 1910-1914 base period indexes remain rounded to the nearest whole number.

See Price Program Links at end of this report for program change details.

Page 43: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Agricultural Prices (May 2016) 43 USDA, National Agricultural Statistics Service

Information Contacts General Troy Joshua, Chief, Environmental, Economics and Demographics Branch .................................................. (202) 720-6146 Crop Prices Received Lance Honig, Chief, Crops Branch ................................................................................................................. (202) 720-2127 Anthony Prillaman, Head, Field Crops Section ............................................................................................... (202) 720-2127 Angie Considine – Cotton, Cotton Ginnings, Sorghum ................................................................................. (202) 720-5944 Tony Dahlman – Oats, Soybeans ................................................................................................................... (202) 720-7621 Chris Hawthorn – Corn, Flaxseed, Proso Millet ............................................................................................ (202) 720-9526 James Johanson – County Estimates, Hay ..................................................................................................... (202) 690-8533 Scott Matthews – Barley, Crop Weather ....................................................................................................... (202) 720-7621 Jean Porter – Rye, Wheat ............................................................................................................................... (202) 720-8068 Bianca Pruneda – Peanuts, Rice ..................................................................................................................... (202) 720-7688 Travis Thorson –Sunflower, Canola, Safflower, Rapeseed, Mustard Seed ................................................... (202) 720-7369 Jorge Garcia-Pratts, Head, Fruits, Vegetables and Special Crops Section....................................................... (202) 720-2127 Vincent Davis – Fresh and Processing Vegetables, Onions, Strawberries .................................................... (202) 720-2157 Fleming Gibson – Citrus, Coffee, Sugar Crops, Tropical Fruits ................................................................... (202) 720-5412 Greg Lemmons – Berries, Cranberries, Potatoes, Sweet Potatoes ................................................................ (202) 720-4285 Dave Losh – Hops ......................................................................................................................................... (360) 709-2400 Dan Norris – Austrian Winter Peas, Dry Edible Peas, Lentils, Mint, Mushrooms, Peaches, Pears, Wrinkled Seed Peas, Dry Beans ................................................................................................................. (202) 720-3250 Daphne Schauber – Floriculture, Grapes, Maple Syrup, Nursery, Tree Nuts ............................................... (202) 720-4215 Chris Singh – Apples, Apricots, Cherries, Plums, Prunes, Tobacco ............................................................. (202) 720-4288 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch ........................................................................................................... (202) 720-3570 Scott Hollis, Head, Livestock Section ............................................................................................................. (202) 720-3570 Doug Bounds – Hogs and Pigs ...................................................................................................................... (202) 720-3106 Dave Colwell – Sheep and Goats ................................................................................................................... (202) 720-8784 Michael Klamm – Cattle and Cattle on Feed ................................................................................................. (202) 720-3040 Mike Miller – Milk, Milk Cows ..................................................................................................................... (202) 720-3278 Bruce Boess, Head, Poultry and Specialty Commodities Section ................................................................... (202) 720-3570 Heidi Gleich – Broilers .................................................................................................................................. (202) 720-0585 Kim Linonis – Eggs ....................................................................................................................................... (202) 690-8632 Sammy Neal – Turkeys .................................................................................................................................. (202) 720-3244 Josh O’Rear – Honey ..................................................................................................................................... (202) 690-3676 Indexes, Prices Paid, and Parity Prices Troy Joshua, Chief, Environmental, Economics and Demographics Branch .................................................. (202) 720-6146 Tony Dorn, Head, Economics Section ............................................................................................................. (202) 690-3223 Daryl Brinkman – Prices Received Indexes, Parity Prices ............................................................................ (202) 720-8844 Courtney Charles – Prices Paid, Prices Paid Indexes .................................................................................... (202) 690-3229 Greg Gholson – Prices Received Indexes, Parity Prices, Prices Paid Indexes, Prices Paid for Feed, Fertilizer, Chemicals, Seeds, Fuels, Farm Supplies and Repairs, Farm Machinery, Feeder Livestock, Poultry Chicks, Feed Price Ratios ................................................................................................................ (202) 690-1348 Joe Hagedorn – Cash Rents, Grazing Fees .................................................................................................... (202) 690-3231

Page 44: Agricultural Prices 05/31/2016 - USDA Prices ISSN: 1937-4216 Released May 31, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

Access to NASS Reports

For your convenience, you may access NASS reports and products the following ways:

All reports are available electronically, at no cost, on the NASS web site: www.nass.usda.gov

Both national and state specific reports are available via a free e-mail subscription. To set-up this free

subscription, visit www.nass.usda.gov and click on “National” or “State” in upper right corner above “search”

box to create an account and select the reports you would like to receive.

For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540,

7:30 a.m. to 4:00 p.m. ET, or e-mail: [email protected].

The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and

applicants for employment on the basis of race, color, national origin, age, disability, sex, gender identity,

religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual

orientation, or all or part of an individual's income is derived from any public assistance program, or protected

genetic information in employment or in any program or activity conducted or funded by the Department. (Not

all prohibited bases will apply to all programs and/or employment activities.)

If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program

Discrimination Complaint Form (PDF), found online at http://www.ascr.usda.gov/complaint_filing_cust.html,

or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of

the information requested in the form. Send your completed complaint form or letter to us by mail at U.S.

Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington,

D.C. 20250-9410, by fax (202) 690-7442 or email at [email protected].

Price Program Links Economics and Prices

http://www.nass.usda.gov/Statistics_by_Subject/Economics_and_Prices/index.php

January 2014 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/updates.pdf

January 2015 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/update2015.pdf

April 2015 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/updateApr2015.pdf

February 2016 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/updateFeb2016.pdf