News Column

Ohio May Agricultural Prices

June 2, 2014

REYNOLDSBURG, Ohio, June 2 -- The U.S. Department of Agriculture's Ohio Agricultural Statistics office issued the following news release:

Prices received by Ohio farmers for the full month of April 2014 and mid-month prices as of May 15, 2014 are listed in the table below.

Some Ohio highlights were: May corn, at $4.70 per bushel, is up $0.02 from April and down $2.30 from last year; May soybeans, at $14.60 per bushel, are up $0.10 from last month and down $0.30 from last year; May wheat, at $6.50 per bushel, is down $0.09 from April and down $1.02 from last year; May milk at $25.40 per cwt., is down $0.40 from last month, and up $4.80 from last year. The preliminary All Farm Products Index of Prices Received by Farmers in May, at 114 percent, based on 2011=100, decreased 1 point (0.9 percent) from April. The Crop Index is up 1 point (1.0 percent) but the Livestock Index decreased 1 point (0.8 percent). Producers received lower prices for hogs, milk, eggs, and cattle. Prices were higher for broilers, oranges and strawberries. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of cattle, hay, sweet corn, and broilers offset the decreased marketing of soybeans, hogs, calves, and apples. The preliminary All Farm Products Index is up 4 points (3.6 percent) from May 2013. The Food Commodities Index, at 124, was unchanged from last month but increased 14 points (13 percent) from May 2013. Prices Received by Farmers, May 2014

Table omitted. Click here to view:

TNS 18DejucosGrace-140603-30FurigayJane-4754197 30FurigayJane

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Targeted News Service

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters