State Milk Prices Increase In November

Prices received by New York producers for milk sold during November were up 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 increased also. The price of corn and potatoes decreased. Many previous month prices were revised due to more complete sales information.

Dairy farmers in New York received an average of $22.50 per hundredweight of milk sold during November, a 50-cent increase from October but a 30-cent decrease from November 2012.

Grain corn, at $4.04 per bushel, decreased 30 cents from October and $2.75 from November 2012 prices. Hay averaged $155 a ton, a $2 increase from last month but a $4 decrease from November 2012. Potatoes averaged $15.30 per cwt, a 50-cent decrease from October but an increase of $2.30 from last year. Apple prices were not available due to the sequester suspension.

The preliminary All Farm Products Index of Prices Received by Farmers in November, at 183 percent, based on 1990-1992=100, decreased 6 points, 3.2 percent, from October. The Crop Index decreased 12 points, 5.9 percent, but the Livestock Index increased 5 points, 3 percent. Producers received lower prices for corn but higher prices for eggs, soybeans and cattle. 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, milk, cattle and cotton offset the decreased marketing of soybeans, potatoes and wheat.