USDA Issues Report On February Prices

Prices received by New York producers for milk sold during February were down from a month earlier, according to King Whetstone, U.S. Agriculture Department National Agricultural Statistics Service, Northeastern Region director.

The price of hay and apples decreased also. 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 $20.10 per hundredweight of milk sold during February, a 90 cent decrease from January but $1.10 more than last February.

Grain corn, at $7.18 per bushel, increased 27 cents from January and 54 cents from last year. Hay averaged $133 per ton, decreased $8 from January 2013 but increased $32 from February 2012. Potatoes averaged $14.20 per cwt., a 40 cent increase from January but 80 cents less than February of last year. Apples, at $46.10 per cwt., decreased $1.50 from last month but increased $16.10 from last February.

The preliminary All Farm Products Index of Prices Received by Farmers in February, at 197 percent, based on 1990-1992=100, decreased 20 points, 9.2 percent, from January. The Crop Index decreased 20 points, 8 percent, and the Livestock Index decreased 3 points, 1.8 percent. Producers received lower prices for lettuce, corn, broccoli and wheat and higher prices for hogs, celery, rice and oranges. 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 cattle, milk, broilers and hogs offset the decreased marketing of corn, soybeans, wheat and grain sorghum.