News Column

Ohio June Agricultural Prices

June 30, 2014



REYNOLDSBURG, Ohio, June 30 -- 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 May 2014 and mid-month prices as of June 15, 2014 are listed in the table below.

Some Ohio highlights were: June corn, at $4.40 per bushel, is down $0.49 from May and down $2.65 from last year; June soybeans, at $14.50 per bushel, are down $0.50 from last month and down $0.80 from last year; June wheat, at $6.20 per bushel, is down $0.51 from May and down $0.88 from last year; June milk at $23.70 per cwt., is down $1.10 from last month, and up $2.90 from last year.

The preliminary All Farm Products Index of Prices Received by Farmers in June, at 111 percent, based on 2011=100, decreased 3 points (2.6 percent) from May. The Crop Index is down 1 point (1.0 percent) and the Livestock Index decreased 3 points (2.3 percent). Producers received lower prices for corn, milk, broilers, and eggs and higher prices for oranges, cantaloupes, tomatoes, and lettuce. 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 wheat, hay, grapes, and peaches offset the decreased marketing of oranges, cattle, milk, and broilers.

The preliminary All Farm Products Index is up 1 point (0.9 percent) from June 2013. The Food Commodities Index, at 121, decreased 3 points (2.4 percent) from last month but increased 12 points (11 percent) from June 2013.

Table omitted. Click here to view: http://www.nass.usda.gov/Statistics_by_State/Ohio/Publications/Current_News_Releases/nr1434oh.pdf

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