News Column

Ohio July Agricultural Prices

August 1, 2014

REYNOLDSBURG, Ohio, Aug. 1 -- 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 June 2014 and mid-month prices as of July 15, 2014 are listed in the table below. Some Ohio highlights were: July corn, at $3.90 per bushel, is down $0.64 from June and down $2.93 from last year; July soybeans, at $12.90 per bushel, are down $1.90 from last month and down $2.80 from last year; July wheat, at $5.55 per bushel, is down $0.35 from June and down $1.13 from last year; July milk at $23.90 per cwt., is up $0.20 from last month, and up $3.20 from last year. The preliminary All Farm Products Index of Prices Received by Farmers in July, at 108 percent, based on 2011=100, decreased 4 points (3.6 percent) from June. The Crop Index is down 8 points (7.1 percent) but the Livestock Index increased 4 points (3.9 percent). Producers received lower prices for corn, soybeans, broilers, and wheat and higher prices for cattle, hogs, eggs, and onions. 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, grapes, hay, and cotton offset the decreased marketing of milk, cattle, oranges, and hogs.

The preliminary All Farm Products Index is unchanged from July 2013. The Food Commodities Index, at 120, decreased 2 points (1.6 percent) from last month but is up 13 points (12 percent) from July 2013.

Table omitted. Click here to view:

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Source: Targeted News Service

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