Milk Prices Up From April
Prices received by New York producers for milk sold during May increased from a month earlier, according to Blair Smith, U.S. Agriculture Department National Agricultural Statistics Service, New York Field Office state statistician.
The price of hay and potatoes increased also. The price of corn and wheat decreased. Many previous month prices were revised due to more complete sales information.
Dairy farmers in New York received an average of $20.60 per hundredweight of milk sold during May, a 10 cent increase from April and $3.30 more than May 2012.
Grain corn, at $6.29 per bushel, decreased 43 cents from April and 22 cents from May 2012 prices. Hay averaged $143 per ton, an increase of $3 from last month and $30 from May 2012. Potatoes averaged $14.10 per cwt., increased 20 cents from April but were $2.20 less than May 2012. Wheat, at $7.05 per cwt., decreased 91 cents from last month but were 75 cents more than the May 2012 price.
The preliminary All Farm Products Index of Prices Received by Farmers in May, at 194 percent, based on 1990-1992=100, increased 2 points, 1 percent, from April. The Crop Index decreased 1 point, .5 percent, but the Livestock Index increased 6 points, 3.7 percent. Producers received higher prices for eggs, hogs, soybeans and broilers. Prices were lower for corn 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 broilers, sweet corn and hay offset decreased marketings of soybeans, apples, wheat and oranges.