Prices For Milk, Hay Down In January

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

The price of hay and apples also decreased. The price of corn and potatoes increased. Many previous month prices were revised due to more complete sales information.

Dairy farmers in New York received an average of $20.70 per hundredweight of milk sold during January, a $1.40 cent decrease from December but a 20 cent increase from January 2012. Grain corn, at $7.29 per bushel, increased 34 cents from December and was 75 cents more than January 2012 prices. Hay averaged $141 per ton, decreased $5 from last month but increased $34 from January 2012. Potatoes averaged $13.90 per cwt, a 30 cent increase from December but a 70 cent decrease from last year. Apples, at $47.60 per cwt., decreased $2.50 from the previous month but increased $16.20 from January 2012.

The preliminary All Farm Products Index of Prices Received by Farmers in January, at 217 percent, based on 1990-1992=100, increased 18 points, 9 percent, from December. The Crop Index increased 22 points, 9.7 percent, and the Livestock Index increased 2 points, 1.2 percent. Producers received higher prices for lettuce, broilers, cattle and corn and lower prices for milk, soybeans, eggs and wheat. In addition to prices, the overall index is also affected by the seasonal change based on a three-year average mix of commodities producers sell.

Increased monthly movement of corn, soybeans, rice and strawberries offset the decreased marketing of broilers, milk, wheat and upland cotton.