Pr 1 (5-05) Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released May 31, 2005, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on Agricultural Prices see page 41, office hours 7:30 a.m. to 4:00 p.m. ET. May Farm Prices Received Index unchanged From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in May, at 122, based on 1990-92=100, is unchanged from April. The Crop and Livestock Indices are unchanged. Producers received higher commodity prices for hogs, strawberries, hay, and potatoes. Lower prices were received for lettuce, broccoli, asparagus, and dairy. The overall index is also affected by the 3-year average seasonal change in the mix of commodities producers sell. Increased average marketings of cantaloup, sweet corn, grapes, and broilers offset decreased marketings of cattle, dairy, calves, and asparagus. Preliminary All Farm Products Index is down 7 points (5.4 percent) from May 2004. The Food Commodities Index, at 126, is unchanged from last month but 5 points (3.8 percent) below May 2004. Prices Paid Index Unchanged The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 139 percent of the 1990-92 average. The index is unchanged from April but 4 points (3.0 percent) above May 2004. Lower prices in May for feeder pigs, diesel fuel, feed grains, and gasoline offset higher prices for hay and forages, nitrogen fertilizers, complete feeds, and feeder cattle. Index Summary Table -------------------------------------------------------------------------------- : 2004 : 2005 Index :-------------------------------------------------------------- 1990-92=100 : Apr : May : Apr : May -------------------------------------------------------------------------------- : Prices Received : 125 129 122 122 : Prices Paid : 133 135 139 139 : Ratio 1/ : 94 96 88 88 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid by farmers. Prices Received by Farmers The May All Farm Products Index is 122 percent of its 1990-92 base, unchanged from the April index but 5.4 percent below the May 2004 index. ALL CROPS: The May index is 121, unchanged from April but 2.4 percent below May 2004. From April, index increases for feed grains & hay, fruits & nuts, and potatoes & dry beans offset the index decreases for food grains and commercial vegetables. Food Grains: The May index, at 108, is down 1.8 percent from last month and 16 percent below May 2004. The May all wheat price, at $3.28 per bushel, is down 7 cents from April and down 54 cents from May 2004. Feed Grains & Hay: The May index is 97, up 2.1 percent from last month but 24 percent below May 2004. The corn price, at $1.92 per bushel, is down 8 cents from last month and 95 cents below May 2004. The all hay price, at $107 per ton, is $10.10 above April and up $6.00 from last May. Grain sorghum, at $2.86 per cwt, is down 10 cents from April and $1.96 below May last year. Oil-Bearing Crops: The May index, at 109, is unchanged from April but 36 percent lower than May 2004. The soybean price, at $6.09 per bushel, increased 6 cents from April but is $3.47 below May 2004. Cotton: The May index, at 70, is down 1.4 percent from April and 29 percent below May 2004. The May price, at 42.2 cents per pound, is down 0.9 cents from the previous month and 17.5 cents below last May. Potatoes & Dry Beans: The May index, at 117, is up 5.4 percent from both last month and May 2004. The all potato price, at $6.71 per cwt, is up 54 cents from April and 24 cents above last May. The all dry bean price, at $25.50 per cwt, is down $3.30 from the previous month but $5.60 above May 2004. Fruits & Nuts: The May index, at 128, is up 16 percent from April and 9.4 percent higher than May 2004. Price increases for strawberries, grapefruit, and lemons more than offset the price decrease for tangerines. Commercial Vegetables: The May index, at 155, is down 17 percent from last month but 30 percent above May 2004. Price decreases during May for lettuce, broccoli, and asparagus more than offset price increases for sweet corn, onions, and snap beans. LIVESTOCK & PRODUCTS: The May index, at 122, is unchanged from last month but down 8.3 percent from May 2004. Compared with a year ago, prices are higher for cattle, calves, and turkeys but lower for dairy, broilers, eggs, and hogs. Meat Animals: The May index, at 126, is unchanged from last month but 4.1 percent higher than last year. The May hog price, at $55.40 per cwt, is up $4.20 from April but $1.20 lower than a year ago. The May beef cattle price of $92.90 is down $1.10 from last month but $4.40 higher than May 2004. Dairy Products: The May index, at 114, is down 1.7 percent from a month ago and 23 percent lower than a year ago. The May all milk price of $14.90 is down 30 cents from last month and down $4.40 from May 2004. The fluid grade milk price is down 30 cents from the previous month and the manufactured grade milk price is 50 cents below April. Poultry & Eggs: The May index, at 122, is up 0.8 percent from April but 13 percent below a year ago. May market egg prices, at 23.6 cents per dozen, decreased 2.5 cents from April. The May broiler price, at 44.0 cents per pound, was unchanged from April but 6 cents below a year ago. The May turkey price, averaging 41.1 cents per pound, is up 1.9 cents from the previous month and up 1.0 cent from a year earlier. Table of Contents U.S. Prices Received and Indexes Page Narrative . . . . . . . . . . . . . . . . . . . . . . . . 2 Price Indexes . . . . . . . . . . . . . . . . . . . . . . 5 Price Index Charts . . . . . . . . . . . . . . . . . . . . 6 U.S. Prices Received Summary . . . . . . . . . . . . . . . 8 Charts . . . . . . . . . . . . . . . . . . . . . . . . . 10 Selected Commodities . . . . . . . . . . . . . . . . . 14 Upland Cotton & Rice Marketings . . . . . . . . . . . . 17 Parity Prices . . . . . . . . . . . . . . . . . . . . . 24 Reliability Statement . . . . . . . . . . . . . . . . . 31 Monthly State Prices Received Apples . . . . . . . . . . . . . . . . . . . . . . . . . 17 Barley . . . . . . . . . . . . . . . . . . . . . . . . . 15 Beans, Dry Edible . . . . . . . . . . . . . . . . . . . 16 Beef Cattle, All . . . . . . . . . . . . . . . . . . . . 20 Calves . . . . . . . . . . . . . . . . . . . . . . . . 20 Cows, Beef . . . . . . . . . . . . . . . . . . . . . . 20 Steers and Heifers . . . . . . . . . . . . . . . . . . 20 Citrus Fruit . . . . . . . . . . . . . . . . . . . . . . 18 Corn . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Monthly State Prices, continued Page Cotton, Upland . . . . . . . . . . . . . . . . . . . . . 17 Cottonseed . . . . . . . . . . . . . . . . . . . . . . . 17 Eggs . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Flaxseed . . . . . . . . . . . . . . . . . . . . . . . . 16 Hay . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Hogs, All . . . . . . . . . . . . . . . . . . . . . . . 21 Barrows and Gilts . . . . . . . . . . . . . . . . . . 21 Sows . . . . . . . . . . . . . . . . . . . . . . . . . 21 Milk . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Milk Cows . . . . . . . . . . . . . . . . . . . . . . 23 Oats . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Peanuts . . . . . . . . . . . . . . . . . . . . . . . . 16 Potatoes . . . . . . . . . . . . . . . . . . . . . . . . 19 Sheep . . . . . . . . . . . . . . . . . . . . . . . . . 22 Lambs . . . . . . . . . . . . . . . . . . . . . . . . 22 Sorghum, Grain . . . . . . . . . . . . . . . . . . . . . 15 Soybeans . . . . . . . . . . . . . . . . . . . . . . . . 15 Sunflower, All . . . . . . . . . . . . . . . . . . . . . 16 Tobacco . . . . . . . . . . . . . . . . . . . . . . . . 16 Wheat, All Classes . . . . . . . . . . . . . . . . . . . 14 Prices Received Special Features Page Marketing Year for Specified Commodities . . . . . . 26 Marketing Year Average Prices Tobacco, All and By Type . . see May Crop Production: 2005 http://usda.mannlib.cornell.edu/reports/nassr/field/pcp-bb/2005 Monthly Price Revisions Tobacco, by Type . . . . . . . . . . . . . . . . . . 27 All. . . . . . . . . . . . . . . . . . . . . . . . 26 Table of Contents (continued) U.S. Prices Paid, Prices Paid Indexes and Ratios Page Narrative . . . . . . . . . . . . . . . . . . . . 32 Indexes and Parity Ratios . . . . . . . . . . . . . 33 Charts . . . . . . . . . . . . . . . . . . . . . . 35 Feed Ratios . . . . . . . . . . . . . . . . . . . . 38 Reliability Statement . . . . . . . . . . . . . . . 40 U.S. Average Prices Prices Used to Calculate Feed Price Ratios . . . . 38 Feeder Livestock . . . . . . . . . . . . . . . . . 38 Special Features Feed: Price Ratios, January 2002 - May 2005 . . . . 39 Information Contacts . . . . . . . . . . . . . . . 41 Index Numbers of Prices Received, United States, May 2005, with Comparisons -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2004 : 2005 : 2004 : 2005 :Average :--------------------------------------------- :1990-92 : May : Apr : May : May : Apr : May -------------------------------------------------------------------------------- : All Farm Products : 639 819 *774 774 129 *122 122 : All Crops : 500 611 *599 599 124 *121 121 Food Grains : 325 407 *348 344 128 *110 108 Feed Grains & Hay : 363 453 *341 346 127 *95 97 Cotton : 517 505 *364 357 99 *71 70 Tobacco : 1,263 Oil-Bearing Crops : 554 930 *594 598 170 *109 109 Fruits & Nuts : 716 816 *771 897 117 *110 128 Commercial Vegetables : 698 795 *1,247 1,035 119 *187 155 Potatoes & Dry Beans : 540 563 *564 595 111 *111 117 Other Crops : 493 569 578 578 115 117 117 : Livestock & Products : 768 1,021 *938 938 133 *122 122 Meat Animals : 1,021 1,232 *1,277 1,283 121 *126 126 Dairy Products : 799 1,186 *934 916 148 *116 114 Poultry & Eggs : 282 398 341 344 141 121 122 : Food Commodities : 131 *126 126 -------------------------------------------------------------------------------- * Revised. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Month, United States, 2004 and 2005 -------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :---------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :---------------------------------------------------------------- :2004 :2005 :2004 : 2005 : 2004 :2005 : 2004 :2005 : 2004 : 2005 -------------------------------------------------------------------------------- Jan : 112 111 113 101 110 121 130 137 127 134 Feb : 116 114 121 106 112 119 131 137 127 134 Mar : 121 119 121 116 122 121 132 139 129 136 Apr : 125 122 123 121 126 122 133 139 131 138 May : 129 122 124 121 133 122 135 139 133 138 Jun : 128 122 133 135 133 Jul : 124 120 128 135 133 Aug : 120 118 122 135 133 Sep : 115 113 118 135 133 Oct : 114 111 117 136 134 Nov : 116 112 119 135 133 Dec : 111 103 120 134 132 -------------------------------------------------------------------------------- Prices Received, United States, May 2005, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : May : Apr : May : : : 2004 : 2005 : 2005 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 2.78 2.32 2.53 Feed : Bu : 1.90 2.39 1.54 1.91 Malting : Bu : 2.43 3.14 2.74 3.02 Beans, Dry Edible : Cwt: 19.10 19.90 28.80 25.50 Chickpeas, All : Cwt: 23.00 22.90 18.80 Large : Cwt: 23.30 22.90 18.80 Small : Cwt: 4/ 4/ 5/ Corn : Bu : 2.30 2.87 2.00 1.92 Cotton, Upland : Lb : 0.606 0.597 0.431 0.422 Cottonseed 3/ : Ton: 96.00 : : Flaxseed : Bu : 4.27 7.10 12.30 13.00 Hay, All, Baled 1/ : Ton: 76.30 101.00 96.90 107.00 Alfalfa 1/ : Ton: 77.20 109.00 103.00 116.00 Other 1/ : Ton: 60.00 78.30 75.40 76.10 Lentils : Cwt: 19.10 13.00 12.10 Oats : Bu : 1.22 1.70 1.65 1.58 Peanuts, In-Shell : Lb : 0.304 0.206 0.180 0.189 Peas, Dry Edible : Cwt: 8.89 5.44 4.66 Austrian Winter : Cwt: 10.60 8.70 5/ Potatoes : Cwt: 5.82 6.47 6.17 6.71 : : Rice, Rough : Cwt: 7.07 8.82 7.06 7.00 Sorghum Grain : Cwt: 3.75 4.82 2.96 2.86 Soybeans : Bu : 5.61 9.56 6.03 6.09 Sunflower, All : Cwt: 9.50 13.70 15.20 14.80 Tobacco, Types 11-37 : Lb : 1.740 5/ 5/ 5/ : : Wheat, All : Bu : 2.96 3.82 3.35 3.28 Winter : Bu : 2.93 3.72 3.27 3.13 Durum : Bu : 2.86 4.21 3.63 3.57 Other Spring : Bu : 3.11 4.01 3.39 3.52 Hard Red Winter : Bu : 3.67 3.18 Soft Red Winter : Bu : 3.81 3.16 Hard Red Spring : Bu : 4.02 3.38 White : Bu : 3.24 3.93 3.52 : : Fruit : : : : Citrus, Equiv on-tree: : Grapefruit : Box: 5.77 3.85 9.04 11.27 Lemons : Box: 10.10 12.37 9.61 12.27 Oranges : Box: 5.79 3.60 5.02 5.07 Tangelos : Box: 5.82 Tangerines : Box: 15.11 20.59 17.43 15.22 Temples : Box: 6.23 : : Noncitrus, Fresh : : Apples 2/ : Lb : 0.212 0.296 0.170 0.172 Grapes 2/ : Ton: 506.00 1,530.00 5/ 1,270.00 Peaches 2/ : Ton: 432.00 918.00 5/ 600.00 Pears 2/ : Ton: 370.00 443.00 510.00 553.00 Strawberries : Cwt: 56.00 64.50 62.50 76.30 -------------------------------------------------------------------------------- 1/ Mid-month price. 2/ Equivalent packinghouse-door returns for CA, MI, and NY (apples only), and WA (apples, peaches, and pears). Prices as sold for other states. 3/ Marketing year August - February. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. Prices Received, United States, May 2005, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : May : Apr : May : : : 2004 : 2005 : 2005 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 128.00 183.00 134.00 Broccoli : Cwt : 22.50 27.20 40.20 22.60 Cantaloupes 2/ : Cwt : 15.60 29.40 Carrots : Cwt : 13.20 24.90 21.10 21.20 Cauliflower : Cwt : 26.80 28.80 36.80 26.80 Celery : Cwt : 11.60 15.00 20.80 19.70 Corn, Sweet : Cwt : 15.70 18.10 25.40 30.10 Cucumbers 2/ : Cwt : 14.30 25.50 22.00 Lettuce : Cwt : 11.90 10.50 29.70 14.50 Onions : Cwt : 12.80 18.10 16.30 19.00 Snap Beans 2/ : Cwt : 22.70 63.60 68.10 Tomatoes : Cwt : 32.30 32.20 62.50 56.10 : : Livestock : : : : Calves : Cwt : 94.30 121.00 140.00 141.00 Cattle, All Beef : Cwt : 72.90 88.50 94.00 92.90 Cows 3/ : Cwt : 49.60 52.50 57.10 58.70 Steers & Heifers : Cwt : 77.10 92.60 98.30 96.90 Milk Cows 4/ : Head: 1,130.00 1,770.00 : : Hogs, All : Cwt : 47.70 56.60 51.20 55.40 Barrows & Gilts : Cwt : 48.40 57.30 51.50 56.10 Sows : Cwt : 39.50 43.50 41.70 41.70 : : Lambs : Cwt : 56.20 103.00 114.00 Sheep : Cwt : 23.40 36.00 44.40 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 19.30 15.20 14.90 Fluid Grade 6/ : Cwt : 13.10 19.30 15.20 14.90 Mfg Grade 6/ : Cwt : 11.80 18.80 14.70 14.20 : : Broilers, Live 7/ : Lb : 0.317 0.500 0.440 0.440 Eggs, All 8/ : Doz : 0.643 0.645 0.469 0.452 Market 8/ : Doz : 0.546 0.472 0.261 0.236 Turkeys, live 7/ 8/: Lb : 0.380 0.401 0.392 0.411 : : Adjusted for Seasonal : : Variation : : Eggs, All : Doz : 0.545 0.626 0.455 0.526 Milk, All 5/ : Cwt : 9.71 19.70 15.70 15.20 -------------------------------------------------------------------------------- 1/ F.O.B. shipping point. 2/ Monthly estimates began January 1995. 3/ Beef cows and cull dairy cows sold for slaughter. 4/ Animals sold for dairy herd replacement only. Prices available for Jan, Apr, Jul, and Oct. 5/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 6/ May 2005 Fat test percent: all milk 3.60, fluid milk 3.59, mfg grade 3.78. 7/ Equivalent liveweight returns to producers for most States. Includes growers and contractors. 8/ Mid-month price. 9/ Price not published to avoid disclosure of individual firms. 10/ Insufficient sales to establish a price. Wheat: Prices Received, by State, April and May 2005 -------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat :Oth Spring Wheat State :----------------------------------------------------------------------- : Apr 1/ : May 2/ : Apr 1/ : May 2/ : Apr 1/ : May 2/ : Apr 1/ : May 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : AR : 3/ 3/ 3/ 3/ CA : 3/ 4/ 3/ 4/ 4/ 4/ CO : 3.19 2.92 3.19 2.92 4/ 4/ ID : 3.58 3.59 3.42 3.45 3.78 3.80 IL : 3.32 3.20 3.32 3.20 IN : 2.97 2.86 2.97 2.86 KS : 3.12 3.01 3.12 3.01 MI : 3.09 2.90 3.09 2.90 MN : 3.29 3.20 3.43 2.61 3.27 3.29 MO : 3.22 3.10 3.22 3.10 MT : 3.50 3.65 3.40 3.39 3.80 3.66 3.46 3.83 NE : 3.18 3.05 3.18 3.05 ND : 3.28 3.33 2.22 2.30 3.51 3.50 3.22 3.30 OH : 3.06 2.92 3.06 2.92 OK : 3.11 3.00 3.11 3.00 OR : 3.69 3.57 3.60 3.53 4.10 3.75 SD : 3.30 3.50 3.12 3.29 3.41 3.62 TX : 2.75 2.91 2.75 2.91 WA : 3.62 3.58 3.57 3.54 3.80 3.74 : US : 3.35 3.28 3.27 3.13 3.63 3.57 3.39 3.52 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Prices Received for Selected Agricultural Commodities, by Month, United States, 2004 and 2005 1/ -------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 2/ : All Hogs Month :----------------------------------------------------------------------- : 2004 : 2005 : 2004 : 2005 : 2004 : 2005 : 2004 : 2005 : 2004 : 2005 -------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ------- Dollars per ------- : ----------- Cwt ----------- : Jan : 3.68 3.42 2.39 2.12 7.35 5.57 81.10 89.40 36.60 53.20 Feb : 3.77 3.36 2.61 1.95 8.28 5.42 78.50 89.00 42.60 50.70 Mar : 3.83 3.41 2.75 2.02 9.28 5.95 83.70 91.30 47.20 51.20 Apr : 3.88 3.35 2.89 2.00 9.62 6.03 85.00 94.00 47.40 51.20 May : 3.82 3.28 2.87 1.92 9.56 6.09 88.50 92.90 56.60 55.40 Jun : 3.57 2.79 9.08 89.80 56.70 Jul : 3.37 2.51 8.46 88.10 57.10 Aug : 3.27 2.34 6.83 87.70 55.30 Sep : 3.36 2.20 5.84 85.90 54.80 Oct : 3.44 2.15 5.56 86.50 52.20 Nov : 3.46 2.05 5.36 85.40 55.60 Dec : 3.39 2.04 5.45 86.80 52.30 -------------------------------------------------------------------------------- 1/ Current month prices are mid-month; prices for previous months are for the entire month. 2/ Cows, steers and heifers. Grains: Prices Received, by States, April and May 2005 -------------------------------------------------------------------------------- :All Barley 1/: Corn : Oats : Soybeans : Sorghum Grain State :----------------------------------------------------------------------- :Apr 2/:May 3/:Apr 2/:May 3/:Apr 2/:May 3/:Apr 2/:May 3/:Apr 2/ :May 3/ -------------------------------------------------------------------------------- :----------------- Dollars per Bushel ----------------- Dollars per Cwt : AL : AR : 6.23 6.30 5/ 5/ CA : 4/ 4/ CO : 4/ 4/ 2.11 1.93 ID : 3.04 2.95 IL : 2.09 2.05 4/ 4/ 6.13 6.15 3.51 3.50 IN : 1.97 1.91 6.00 6.17 IA : 1.95 1.80 1.84 1.80 5.95 6.05 KS : 1.90 1.80 6.02 5.93 2.91 2.77 KY : 2.19 2.05 6.17 6.20 LA : 6.11 4/ MI : 1.88 1.85 2.12 2.10 5.97 6.00 MN : 1.93 2.01 1.90 1.89 1.47 1.42 6.13 6.11 MS : 6.15 6.35 MO : 2.03 1.90 6.10 6.10 4/ 3.25 MT : 2.84 2.91 1.74 5/ NE : 1.92 1.90 1.91 1.80 5.97 6.05 2.99 3.00 NC : 2.34 2.31 6.05 6.30 ND : 1.96 2.02 1.86 1.80 5/ 5/ 5.87 5.80 OH : 1.99 1.97 2.08 5/ 6.05 6.10 OK : 2.94 2.82 OR : 2.17 2.20 5/ 5/ PA : 2.37 2.29 1.99 1.98 SD : 1.92 2.10 1.82 1.75 1.56 1.50 6.00 6.02 TN : 2.34 2.15 6.14 6.15 TX : 2.30 2.06 5/ 5/ 3.09 3.17 UT : 2.04 4/ WA : 2.21 2.20 WI : 2.20 2.10 1.72 1.70 5.86 5.95 WY : 1.68 1.70 : US : 2.32 2.53 2.00 1.92 1.65 1.58 6.03 6.09 2.96 2.86 -------------------------------------------------------------------------------- 1/ The Three-State (MN, ND and SD) Feed Barley price is discontinued. 2/ Entire month. 3/ Mid-month. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. Malting and Feed Barley: Prices Received Selected State, April and May 2005 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : Apr 1/ : May 2/ : Apr 1/ : May 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 3.40 3.40 2.06 2.10 MN : 2.14 2.30 1.50 1.38 MT : 3.27 3.37 1.66 1.67 ND : 2.34 2.40 1.33 1.30 SD : 1.92 2.10 4/ 4/ WY : 4/ 4/ 1.68 1.70 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Field Crops: Prices Received, by State, April and May 2005 -------------------------------------------------------------------------------- : Dry Edible : All : : : : Beans : Sunflower : Flaxseed : Tobacco : Peanuts 4/ State :--------------------------------------------------------------------- :Apr 1/:May 2/:Apr 1/:May 2/:Apr 1/:May 2/:Apr 1/:May 3/:Apr 1/:May 3/ -------------------------------------------------------------------------------- :------- Dollars per ------ Dollars per ------ Dollars per ------ :----------- Cwt ---------- -- Bushel -- --------- Pound --------- : AL : 5/ 5/ CA :37.90 37.00 CO :27.60 5/ FL : 6/ 6/ 6/ 6/ GA : 6/ 6/ 5/ 6/ ID :25.30 25.40 IN : 6/ 6/ KS : 14.00 12.40 KY : 6/ 6/ MD : 6/ 6/ MI :23.50 23.00 MN : 5/ 5/ 19.10 5/ MO : NE :23.80 23.00 NC : 6/ 6/ 5/ 5/ ND :23.90 22.50 16.10 16.00 12.30 13.00 OH : 6/ 6/ OK : SC : 6/ 6/ SD : 14.30 13.80 12.20 6/ TN : 6/ 6/ TX : 5/ 5/ VA : 6/ 6/ 5/ 5/ WV : : US :28.80 25.50 15.20 14.80 12.30 13.00 6/ 6/ 0.180 0.189 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Based on sales through first half of month. 4/ In-Shell. 5/ Price not published to avoid disclosure of individual firms. 6/ Insufficient sales to establish a price. Field Crops and Apples: Prices Received, by State, April and May 2005 -------------------------------------------------------------------------------- : : May : Cotton, Upland :-------------------------------------------------- State : : Cotton- : Hay, Baled 3/ : Apples :-------------------: seed :-----------------------------: Fresh : Apr 1/ : May 2/ : 5/ : All : Alfalfa : Other : Use 1/4/ -------------------------------------------------------------------------------- : Dollars per Pound -------- Dollars per Ton -------- Dol/Lb : AL : 0.395 0.395 AZ : 6/ 6/ 130.00 130.00 125.00 AR : 0.407 0.398 CA : 6/ 6/ 142.00 149.00 100.00 CO : 78.00 78.00 75.00 GA : 0.403 0.395 ID : 101.00 101.00 77.00 IL : 88.00 92.00 69.00 IA : 76.00 80.00 53.00 KS : 59.00 63.00 51.00 KY : 81.00 115.00 67.00 LA : 0.402 0.402 MI : 93.00 95.00 65.00 0.180 MN : 73.00 75.00 50.00 MS : 0.395 0.395 MO : 58.00 98.00 45.00 MT : 75.00 76.00 73.00 NE : 48.00 48.00 46.00 NV : 105.00 102.00 130.00 NM : 119.00 122.00 99.00 NY : 112.00 145.00 90.00 0.218 NC : 0.395 0.395 ND : 57.00 61.00 46.00 OH : 119.00 140.00 56.00 0.240 OK : 80.00 95.00 55.00 OR : 102.00 110.00 90.00 PA : 128.00 141.00 110.00 0.191 SD : 60.00 61.00 49.00 TN : 0.395 0.395 TX : 0.433 0.435 74.00 120.00 62.00 UT : 90.00 90.00 80.00 VA : WA : 104.00 100.00 110.00 0.168 WI : 100.00 110.00 65.00 WY : 73.00 74.00 68.00 : US : 0.431 0.422 107.00 116.00 76.10 0.172 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on sales during the first half of the month. 3/ Mid-month. 4/ Equivalent packinghouse-door returns for CA, NY, and WA. Price at point of first sale for other States. 5/ Marketing year August - February. 6/ Price not published to avoid disclosure of individual firms. Upland Cotton and Rice: Prices Received and Marketings, United States, May 2005, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Mar 2005 1/ : Apr 2005 1/ : May 2005 2/ -------------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars per Pound : 0.415 0.431 0.422 Marketings 3/ : 1,000 Bales : 1,354 934 NA : : Rice : : Average Price : Dollars per Cwt : 6.88 7.06 7.00 Marketings 4/ : 1,000 Cwt : 16,580 15,829 NA -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on purchases for the first half of the month. 3/ Marketings based on a survey of cotton buyers in the major producing States - AL, AZ, AR, CA, GA, LA, MS, NC, TN, and TX. 4/ Purchases by private firms and rice (rough equivalent) shipped by cooperatives. Citrus Fruit: Prices and Equivalent Returns, by Utilization, by State and United States, May 2005 -------------------------------------------------------------------------------- : : Equivalent Returns 1/ Commodity, :F.O.B. :----------------------------------------------------- State :Packed : Packinghouse-door : On-tree and Type : Fresh :----------------------------------------------------- : : All : Fresh :Process : All : Fresh :Process -------------------------------------------------------------------------------- : Dollars per Box : Grapefruit : AZ : 24.10 17.46 17.46 15.09 15.09 CA : 29.60 20.27 22.96 -0.28 17.90 20.59 -2.65 FL : 24.50 11.30 15.85 6.76 8.55 13.35 3.75 White : 26.00 9.13 17.00 5.20 6.37 14.50 2.30 Colored : 24.00 12.45 15.50 8.10 9.71 13.00 5.00 TX : 28.80 7.18 18.61 1.20 6.02 17.42 0.06 : US : 28.40 13.17 20.67 2.05 11.27 18.58 0.43 : Lemons : CA : 34.70 16.70 24.40 0.18 12.27 19.97 -4.25 : US : 34.70 16.70 24.40 0.18 12.27 19.97 -4.25 : Oranges : AZ : Valencia : 10.50 3.30 3.30 0.76 0.76 CA : 20.70 10.65 13.40 0.37 8.15 10.90 -2.14 Navel and Misc: 21.50 9.69 13.97 0.38 7.18 11.46 -2.13 Valencia : 19.90 11.92 12.84 0.32 9.43 10.35 -2.17 FL : Valencia : 15.00 6.66 7.00 6.65 4.45 4.60 4.45 TX : Valencia : 14.60 3.69 4.31 2.04 2.33 2.94 0.71 : US : 19.50 7.32 12.10 6.38 5.07 9.63 4.16 : Tangerines : CA : 29.00 20.11 21.80 0.30 17.57 19.26 -2.24 FL : 33.00 17.57 23.00 6.70 13.63 19.40 2.10 : US : 31.10 18.59 22.42 5.83 15.22 19.33 1.51 -------------------------------------------------------------------------------- 1/ Net lbs. per box: Grapefruit - AZ & CA-67, FL-85, TX-80; Lemons - 76; Oranges - AZ & CA-75, FL-90, TX-85; Tangelos~-~90; Tangerines - AZ, CA-75, FL-95; Temples - 90. Potatoes: Prices Received, by State, April and May 2005 ------------------------------------------------------------------------------- : : :: : : State : Apr : May :: State : Apr : May : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL 1/ : :: NC 1/ : AZ : 22.10 11.80 :: ND - All 2/ : 6.25 6.05 CA - All 2/ : 16.50 15.50 :: - Fresh 3/ : 5.45 NA - Winter : 22.30 :: - Processing : 6.00 NA - Spring : 17.30 :: OH 1/ : - Summer 1/ : :: OR : 6.70 7.00 - Fall : 7.70 7.70 :: PA : 8.65 8.80 CO - All 2/ : 4.60 4.50 :: TX : 11.60 - Fresh 3/ : 4.30 NA :: VA 1/ : FL : 17.50 12.60 :: WA - All 2/ : 5.00 4.80 ID - All 2/ : 4.40 4.30 :: - Processing : 4.70 NA - Fresh 3/ : 2.30 NA :: WI - All 2/ : 6.50 5.50 - Processing : 4.40 NA :: - Fresh 3/ : 3.35 NA ME : 6.90 7.15 :: - Processing : 7.70 NA MI : 8.50 8.75 :: : MN : 5.00 5.05 :: US - All 2/ : 6.17 6.71 NY : 7.05 :: - Fresh 3/ : 7.24 NA : :: - Processing : 5.39 NA ------------------------------------------------------------------------------- 1/ No potatoes being marketed. 2/ Average price of potatoes sold for all uses, including table stocks, processing, seed, and livestock feed. 3/ Fresh market prices only, includes table stock prices. Cattle: Prices Received, by State, April and May 2005 -------------------------------------------------------------------------------- : Cows 1/ :Steers & Heifers : Beef Cattle 4/ : Calves State :----------------------------------------------------------------------- : Apr 2/ : May 3/ : Apr 2/ : May 3/ : Apr 2/ : May 3/ : Apr 2/ : May 3/ -------------------------------------------------------------------------------- : Dollars per Cwt : AZ : 56.50 60.10 114.00 112.00 113.00 111.00 137.00 135.00 AR : 52.00 54.00 110.00 112.00 92.60 94.60 136.00 137.00 CA : 54.30 55.60 94.30 92.90 75.50 75.00 127.00 132.00 CO : 57.80 60.60 112.00 112.00 111.00 111.00 139.00 140.00 FL : 54.40 55.00 107.00 107.00 81.20 82.00 135.00 136.00 GA : 56.40 59.10 105.00 107.00 73.90 75.40 136.00 135.00 ID : 55.80 58.00 96.20 94.70 86.50 85.90 130.00 133.00 IL : 54.00 56.00 94.00 92.00 93.20 91.30 128.00 127.00 IA : 59.00 63.50 96.00 93.40 95.60 92.80 136.00 134.00 KS : 56.30 58.10 95.60 94.10 94.00 92.70 146.00 147.00 KY : 52.00 55.00 109.00 111.00 95.30 97.60 132.00 134.00 LA : 54.00 56.00 109.00 111.00 70.00 73.10 131.00 131.00 MI : 56.00 56.00 85.00 87.00 76.30 77.70 130.00 135.00 MN : 59.70 60.50 90.20 88.50 84.40 83.20 142.00 143.00 MO : 56.00 58.00 116.00 117.00 102.00 102.00 141.00 141.00 MT : 59.50 62.00 107.00 109.00 86.10 83.60 134.00 140.00 NE : 60.60 63.60 98.50 95.30 97.40 94.30 146.00 150.00 NM : 56.40 59.10 111.00 109.00 92.40 92.00 136.00 137.00 ND : 61.00 61.50 108.00 109.00 96.70 94.80 138.00 139.00 OH : 52.50 55.50 89.80 89.00 86.10 85.70 125.00 124.00 OK : 56.80 58.00 108.00 108.00 105.00 105.00 139.00 140.00 OR : 52.00 53.50 105.00 105.00 89.10 89.60 125.00 124.00 PA : 55.30 58.30 89.60 89.70 80.70 81.50 127.00 130.00 SD : 60.80 61.70 105.00 103.00 99.30 95.60 138.00 136.00 TN : 54.00 58.00 112.00 114.00 88.80 91.60 133.00 134.00 TX : 54.70 55.40 97.70 97.60 94.30 93.80 145.00 144.00 VA : 52.80 58.00 105.00 109.00 93.00 89.60 132.00 133.00 WI : 58.20 58.90 91.00 90.20 72.00 72.00 166.00 171.00 WY : 60.80 62.00 111.00 111.00 105.00 101.00 144.00 144.00 : US : 57.10 58.70 98.30 96.90 94.00 92.90 140.00 141.00 -------------------------------------------------------------------------------- 1/ Beef cows and cull dairy cows sold for slaughter. 2/ Entire month. 3/ Mid-month. 4/ "Cows" and "steers and heifers" combined. Hogs: Prices Received, by State, April and May 2005 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : Apr 1/ : May 2/ : Apr 1/ : May 2/ : Apr 1/ : May 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 41.50 41.40 48.80 54.80 48.10 53.50 IL : 39.40 40.00 54.00 59.00 52.80 57.50 IN : 44.60 45.10 49.40 55.50 49.00 54.60 IA : 42.50 42.50 53.10 56.00 53.00 55.90 KS : 42.30 42.20 49.30 54.80 48.30 53.00 MN : 41.40 42.50 51.10 57.50 51.00 57.30 MO : 41.70 41.70 46.10 52.40 45.80 51.80 NE : 40.40 40.40 52.60 57.60 52.40 57.30 NC : 41.90 42.60 52.30 56.60 52.20 56.50 OH : 41.60 42.30 49.60 56.00 49.20 55.30 OK : 40.80 41.00 43.80 49.00 43.40 47.80 PA : 40.60 40.50 48.10 53.00 47.00 51.10 SD : 41.20 42.00 53.60 57.00 52.40 55.40 : US : 41.70 41.70 51.50 56.10 51.20 55.40 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by State, April and May 2005 -------------------------------------------------------------------------------- : April : May State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 0.240 AR : 0.220 CA : 40.50 99.00 0.320 CO : 36.80 120.00 CT : 0.350 FL : 0.270 GA : 0.250 ID : 41.00 109.00 IN : 0.220 IA : 43.90 110.00 0.199 KY : 45.00 121.00 ME : 0.410 MI : 0.240 MN : 34.60 110.00 0.230 MS : 0.220 MO : 46.10 123.00 0.180 MT : 43.40 115.00 NE : 39.00 121.00 NY : 0.230 NC : 0.210 ND : 42.00 113.00 OH : 41.30 122.00 0.231 OR : 44.00 105.00 PA : 45.90 136.00 0.240 SC : 0.230 SD : 44.20 124.00 TX : 56.90 119.00 0.230 VA : 42.00 121.00 WA : 0.290 WV : 39.80 134.00 WY : 48.00 115.00 : US : 44.40 114.00 0.236 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by State, April and May 2005 -------------------------------------------------------------------------------- : April 1/ : May :------------------------------------------------------------------------ State : Fluid Grade : Manufacturing : All Milk : All Milk : : Milk 2/ : Grade Milk : 3/ : 3/ 4/ : Milk :---------------------------------------------------------------:Cows 5/ : : Fat : : Fat : : Fat : : Fat : : Price : Test : Price : Test : Price : Test : Price : Test : -------------------------------------------------------------------------------- :Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Head : AZ : 14.70 3.52 14.70 3.52 14.40 3.53 CA : 14.10 3.63 14.80 3.91 14.12 3.64 13.70 3.61 CO : 14.90 3.55 14.90 3.55 14.90 3.51 FL : 18.20 3.53 18.20 3.53 18.90 3.53 ID : 14.80 3.61 14.50 3.83 14.80 3.61 14.20 3.56 IL : 15.80 3.63 15.90 3.59 15.80 3.63 15.50 3.60 IN : 15.70 3.66 14.40 3.81 15.60 3.67 15.10 3.61 IA : 15.50 3.65 14.40 3.78 15.50 3.65 15.40 3.61 KS : 14.30 3.57 14.30 3.57 14.10 3.52 KY : 15.90 3.57 15.90 3.57 16.00 3.52 MI : 15.40 3.59 13.70 3.66 15.40 3.59 15.20 3.52 MN : 15.60 3.72 14.10 3.78 15.60 3.72 14.90 3.67 MO : 15.30 3.57 14.60 3.69 15.30 3.57 15.20 3.54 NM : 14.30 3.53 14.30 3.53 14.20 3.50 NY : 15.50 3.67 15.50 3.67 15.10 3.62 OH : 15.90 3.64 15.00 3.84 15.90 3.65 15.50 3.61 OR : 14.90 3.64 14.90 3.64 14.80 3.60 PA : 16.60 3.65 14.70 3.80 16.60 3.65 16.10 3.55 TX : 15.00 3.64 15.00 3.64 14.80 3.60 VT : 15.80 3.73 15.80 3.73 15.60 3.67 VA : 16.20 3.55 16.20 3.55 16.30 3.52 WA : 14.90 3.64 14.90 3.64 14.80 3.60 WI : 15.90 3.71 14.80 3.83 15.90 3.71 15.60 3.66 : US : 15.20 3.64 14.70 3.84 15.20 3.64 14.90 3.60 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Including milk diverted to manufacturing. 3/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 4/ Preliminary. 5/ Animals sold for dairy herd replacement only. Prices published January, April, July and October. Parity Price Equivalent for Manufacturing Milk 1/: United States, April and May 2005, with Comparisons -------------------------------------------------------------------------------- Item : Unit : May 2004 : Apr 2005 : May 2005 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 31.82 33.45 33.45 Average Price F.O.B 2/ : Dollars per Cwt : 18.80 14.70 14.20 Average Fat Test of Milk 2/ : Percent : 3.75 3.84 3.78 -------------------------------------------------------------------------------- 1/ The parity price equivalent during 2005 is 91.4 percent of the parity price of all milk sold to plants, compared with 90.4 percent in 2004. For additional details, see January 2005 issue of "Agricultural Prices". 2/ Preliminary for May 2005. United States Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices Based on Data for May 2005, with Comparisons 1/ -------------------------------------------------------------------------------- : : Parity Price : Price as Percent :Adjusted: Based on Data for : of Parity Commodity and Unit : Base :----------------------------------------- : Price : May : Apr : May : May : Apr : May : : 2004 : 2005 : 2005 : 2004 : 2005 : 2005 -------------------------------------------------------------------------------- :---------- Dollars ---------- ---- Percent --- : Basic Commodities : All Wheat, Bu : 0.555 10.10 10.30 10.30 38 33 32 Rice, Cwt : 1.38 29.10 25.70 25.60 30 27 27 Corn, Bu : 0.372 6.78 6.92 6.91 42 29 28 Cotton, Lb : American Upland : 0.095 2.02 1.77 1.76 30 24 24 Extra Long Staple : 0.142 2.57 2.64 2.64 Peanuts, Lb : 0.0350 0.662 0.651 0.650 31 28 29 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.97 35.20 36.60 36.60 56 43 42 Honey, Extracted, Lb 3/ : 0.1280 1.88 2.28 2.28 : Wool and Mohair : Wool, Lb : 0.0910 1.57 1.69 1.69 Mohair, Lb : 0.333 5.97 6.19 6.18 : Other Nonbasic : Barley, Bu : 0.377 6.72 7.01 7.00 41 33 36 Cottonseed, Ton :15.50 283.00 288.00 288.00 49 39 39 Dry Edible Beans, Cwt : 2.82 52.20 52.50 52.40 38 55 49 Flaxseed, Bu : 0.753 13.00 14.00 14.00 55 88 93 Oats, Bu : 0.221 3.95 4.11 4.10 43 40 39 Potatoes, Cwt : 0.838 15.30 15.60 15.60 43 40 43 Rye, Bu : 0.355 6.31 6.60 6.59 Sorghum Grain, Cwt : 0.607 11.00 11.30 11.30 44 26 25 Soybeans, Bu : 0.900 15.90 16.70 16.70 60 36 36 Sweetpotatoes, Cwt : 2.31 40.20 43.00 42.90 Apples, Fresh, Lb 4/ : 0.0292 0.529 0.543 0.542 40 41 40 Citrus (equiv on-tree), Box : Grapefruit : 0.394 6.92 7.33 7.32 56 123 154 Lemons : 1.12 19.70 20.80 20.80 63 46 59 Oranges : 0.574 11.00 10.70 10.70 33 47 47 Tangerines : 1.35 25.40 25.10 25.10 46 69 61 Temples (FL) : 0.379 8.06 7.05 7.04 Beef Cattle, Cwt : 9.65 171.00 179.00 179.00 52 53 52 Calves, Cwt :13.10 229.00 244.00 243.00 53 57 58 Hogs, Cwt : 5.97 106.00 111.00 111.00 54 46 50 Lambs, Cwt :11.70 202.00 218.00 217.00 52 Sheep, Cwt : 4.72 84.00 87.80 87.70 51 Eggs, Doz 2/ : 0.0940 1.70 1.75 1.75 37 26 30 Turkeys, Live, Lb : 0.0565 1.030 1.050 1.050 39 37 39 -------------------------------------------------------------------------------- --continued Parity Prices Based on Data for May 2005, United States 1/ (continued) ------------------------------------------------------------------------------- Other Nonbasic : Adj :Parity :: Other Nonbasic : Adj :Parity Commodities : Base : Price :: Commodities : Base : Price : Base : :: : Base : ------------------------------------------------------------------------------- :Dollars Dollars:: :Dollars Dollars : :: : Field Crops and : :: Olives, CA : Misc Commodities : :: canning, Ton 5/ : 95.70 1,780.00 Hops, Lb : 0.251 4.66 :: Papayas (HA) : 0.980 Spearmint Oil, Lb : 1.46 27.10 :: Peaches : Tobacco, Lb : :: Fresh, Ton 4/ : 81.57 1,510.00 Flue-Cured, 11-14 : 0.255 4.74 :: Dried, CA, : VA Fire-Cured, 21 : 0.256 4.75 :: Ton : 84.00 1,560.00 KY-TN Fire-Cured, : :: : 22-23 : 0.323 6.00 :: Noncitrus Fruit : Burley, 31 : 0.274 5.09 :: Peaches, cont. : Maryland, 32 : 0.210 3.90 :: Processing 5/ : Dark Air-Cured, : :: Excl Dried : 35-36 : 0.284 5.27 :: Clingstone, : Sun-Cured, 37 : 0.241 4.48 :: CA, Ton : 33.50 622.00 PA Seedleaf, 41 : 0.205 3.81 :: Pears, Ton : Cigar Filler & : :: Fresh 4/ : 52.90 982.00 Binder, : :: Dried, CA 6/ : 164.00 3,050.00 42-44, 54-55 : 0.225 4.18 :: Plums, CA, Ton : Puerto Rican : :: Fresh, Equiv : Filler, 46 : 0.159 2.95 :: on-Tree : 66.70 1,240.00 Cigar Binder, : :: Prunes, Dried, : 51-52 : 0.747 13.90 :: CA, Ton 6/ : 127.00 2,360.00 Type 61 : 3.21 59.60 :: Prunes and Plums, : : :: Excl CA, Ton : Noncitrus Fruit : :: Fresh 9/ : 58.90 1,090.00 Apples, Ton 6/ : :: Processing 6/ : Processing : 18.30 340.00 :: Excl Dried : 27.50 511.00 Apricots, Ton : :: : Fresh 7/ : 99.00 1,840.00 :: Tree Nuts 10/ : Dried, CA :270.00 5,010.00 :: Almonds, Lb : 0.213 3.96 Avocados, Ton 7/ :234.00 4,350.00 :: Hazelnuts, Ton : 135.00 2,510.00 Cherries Bbl : :: Pistachio, Lb : 0.159 2.95 Sweet, Ton :188.00 3,490.00 :: Walnuts, Ton : 173.00 3,210.00 Tart, Lb : 0.0319 0.592:: : Cranberry, Bbl 5/ : 5.69 106.00 :: Vegetables, Cwt 11/ : Dates, CA, Ton 7/ :181.00 3,360.00 :: Fresh : Grapes, Ton : :: Carrots 8/ : 2.28 42.30 Raisin Variety :124.00 2,300.00 :: Cauliflower 8/ : 4.60 85.40 Other Dried : 70.50 1,310.00 :: Celery 8/ : 1.97 36.60 Kiwifruit, Ton : 91.30 1,700.00 :: Honeydew Melons : 2.75 51.10 Nectarines : :: Lettuce : 2.50 46.40 Fresh, CA, : :: Onions 8/ : 1.65 30.60 Ton 7/ : 62.60 1,160.00 :: Tomatoes : 4.44 82.50 ------------------------------------------------------------------------------- 1/ Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January "Agricultural Prices" for details on adjusted base price and parity price computations. 2/ Seasonally adjusted price as percentage of parity price. 3/ Wholesale extracted. Adjusted base price derived from state annual averages prices weighted by production. For 1982 through 1985 the national averages are the support prices. 4/ Equivalent packinghouse-door returns for CA, NY (apples only), OR (except peaches), and WA. Price at point of first sale for other states. 5/ Equivalent returns for bulk fruit at first delivery point. 6/ Equivalent returns at processing plant door. 7/ Equivalent returns at packinghouse door. 8/ Includes some processing. 9/ Based on "as sold" prices for fresh fruit in all states. 10/ Prices in-shell basis except almonds which are shelled basis. 11/ F.O.B. shipping point prices. Marketing Year for Specified Commodities Flue-cured tobacco: July 1 to November 30 for the U.S. and all states. Fire-cured tobacco: December 1 to March 31 for the U.S.; January 1 to March 31 for Kentucky and Tennessee; December1 to January 31 for Virginia. Light Air-cured Tobacco: November 1 to May 31 for the U.S.; November 1 to February 28 for Indiana, Kentucky, Missouri, North Carolina, Ohio, Tennessee, Virginia, and West Virginia; March 1 to May 31 for Maryland and Pennsylvania. Dark Air-cured Tobacco: December 1 to February 28 for the U.S. and all states. Tobacco, Types 11-37: Prices Received Monthly, by State and United States, July 2003 - April 2004 1/ -------------------------------------------------------------------------------- : 2003 : 2004 State :--------------------------------------------------------------------- : Jul : Aug : Sep : Oct : Nov : Dec : Jan : Feb : Mar : Apr -------------------------------------------------------------------------------- : Dollars per Pound : FL : 1.705 1.865 1.895 2/ 2/ 2/ 2/ 2/ 2/ 2/ GA : 1.705 1.835 1.910 1.880 2/ 2/ 2/ 2/ 2/ 2/ IN : 2/ 2/ 2/ 2/ 1.965 1.945 1.945 1.910 2/ 2/ KY : 2/ 2/ 2/ 2/ 1.990 2.010 2.080 2.050 2.285 2/ MD : 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 1.775 0.660 NC : 1.855 1.795 1.885 1.900 1.930 1.945 1.925 2/ 2/ 2/ OH : 2/ 2/ 2/ 2/ 1.990 1.965 1.920 1.840 2/ 2/ SC : 1.765 1.790 1.875 1.830 2/ 2/ 2/ 2/ 2/ 2/ TN : 2/ 2/ 2/ 2/ 1.985 1.975 2.210 2.410 2.260 2/ VA : 1.935 1.845 1.830 1.885 1.960 1.930 1.950 2/ 2/ 2/ : US : 1.790 1.805 1.880 1.890 1.985 1.995 2.095 2.175 2.105 0.660 -------------------------------------------------------------------------------- 1/ Revised. 2/ Insufficient sales to establish a price. Tobacco, Types 11-37: Prices Received Monthly, by State and United States, July 2004 - April 2005 1/ -------------------------------------------------------------------------------- : 2004 : 2005 State :--------------------------------------------------------------------- : Jul : Aug : Sep : Oct : Nov : Dec : Jan : Feb : Mar : Apr -------------------------------------------------------------------------------- : Dollars per Pound : FL : 1.650 1.805 1.915 1.920 2/ 2/ 2/ 2/ 2/ 2/ GA : 1.690 1.800 1.895 1.870 2/ 2/ 2/ 2/ 2/ 2/ IN : 2/ 2/ 2/ 2/ 1.990 1.975 1.970 1.995 2/ 2/ KY : 2/ 2/ 2/ 2/ 2.015 2.015 2.105 2.130 2.000 2/ MD : 2/ 2/ 2/ 2/ 2/ 2/ 2/ 2/ 1.430 2/ NC : 3/ 1.750 1.900 1.915 1.870 1.935 1.935 2/ 2/ 2/ OH : 2/ 2/ 2/ 2/ 2.010 1.980 1.980 1.970 2/ 2/ SC : 2/ 1.745 1.855 1.825 2/ 2/ 2/ 2/ 2/ 2/ TN : 2/ 2/ 2/ 2/ 1.990 1.990 2.300 2.365 2/ 2/ VA : 3/ 1.740 1.880 1.930 1.960 1.925 1.945 2/ 2/ 2/ : US : 1.710 1.755 1.895 1.910 1.985 2.005 2.135 2.205 1.455 2/ -------------------------------------------------------------------------------- 1/ Revised. 2/ Insufficient sales to establish a price. 3/ Price not published to avoid disclosure of individual firms. Tobacco: Prices Received Monthly by Type, State and United States, July 2003 - April 2004 1/ ------------------------------------------------------------------------------- : : 2003 Cure, Area and State : Type :----------------------------------------------- : : Jul : Aug : Sep : Oct : Nov : Dec ------------------------------------------------------------------------------- : : Dollars per Pound : : Flue-cured Areas: : : Northern Auction 2/ : 11-12: 1.840 1.775 1.870 1.895 1.815 4/ Northern Contract 2/ : 11-12: 1.885 1.810 1.880 1.900 4/ 4/ Southern Auction 3/ : 13-14: 1.750 1.785 1.880 1.845 4/ 4/ Southern Contract 3/ : 13-14: 1.705 1.840 1.910 1.880 4/ 4/ Total Flue-cured Area : 11-14: 1.790 1.805 1.880 1.890 1.815 4/ : : Fire-cured: : : VA Belt : : VA : 21 : 4/ 4/ 4/ 4/ 4/ 1.665 Eastern District : : KY : 22 : 4/ 4/ 4/ 4/ 4/ 4/ TN : 22 : 4/ 4/ 4/ 4/ 4/ 4/ US : 22 : 4/ 4/ 4/ 4/ 4/ 4/ Western District : : KY : 23 : 4/ 4/ 4/ 4/ 4/ 4/ TN : 23 : 4/ 4/ 4/ 4/ 4/ 4/ US : 23 : 4/ 4/ 4/ 4/ 4/ 4/ KY-TN Fire-cured : 22-23: 4/ 4/ 4/ 4/ 4/ 4/ Total Fire-cured : 21-23: 4/ 4/ 4/ 4/ 4/ 1.665 : : Air-cured: : : Light Air-cured: : : Burley : : IN : 31 : 4/ 4/ 4/ 4/ 1.965 1.945 KY : 31 : 4/ 4/ 4/ 4/ 1.990 1.985 NC : 31 : 4/ 4/ 4/ 4/ 1.970 1.945 OH : 31 : 4/ 4/ 4/ 4/ 1.990 1.965 TN : 31 : 4/ 4/ 4/ 4/ 1.985 1.970 VA : 31 : 4/ 4/ 4/ 4/ 1.975 1.970 US : 31 : 4/ 4/ 4/ 4/ 1.985 1.980 Southern MD Belt : : MD : 32 : 4/ 4/ 4/ 4/ 4/ 4/ Total Light Air-cured : 31-32: 4/ 4/ 4/ 4/ 1.985 1.980 : : Dark Air-cured : : One-Sucker Belt : : KY : 35 : 4/ 4/ 4/ 4/ 4/ 2.460 TN : 35 : 4/ 4/ 4/ 4/ 4/ 2.190 US : 35 : 4/ 4/ 4/ 4/ 4/ 2.430 Green River Belt : : KY : 36 : 4/ 4/ 4/ 4/ 4/ 2.300 KY-TN Dark Air-cured : 35-36: 4/ 4/ 4/ 4/ 4/ 2.405 VA Sun-cured Belt : : VA : 37 : 4/ 4/ 4/ 4/ 4/ 1.730 Total Dark Air-cured : 35-37: 4/ 4/ 4/ 4/ 4/ 2.395 : : Total All Cures : 11-37: 1.790 1.805 1.880 1.890 1.985 1.995 ------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Tobacco: Prices Received Monthly by Type, State and United States, July 2003 - April 2004 1/ (continued) -------------------------------------------------------------------------------- : : 2004 Cure, Area and State : Type :----------------------------------------------- : : Jan : Feb : Mar : Apr -------------------------------------------------------------------------------- : : Dollars per Pound : : Flue-cured Areas: : : Northern Auction 2/ : 11-12 : 4/ 4/ 4/ 4/ Northern Contract 2/ : 11-12 : 4/ 4/ 4/ 4/ Southern Auction 3/ : 13-14 : 4/ 4/ 4/ 4/ Southern Contract 3/ : 13-14 : 4/ 4/ 4/ 4/ Total Flue-cured Area : 11-14 : 4/ 4/ 4/ 4/ : : Fire-cured: : : VA Belt : : VA : 21 : 1.140 4/ 4/ 4/ Eastern District : : KY : 22 : 2.490 2.530 2.285 4/ TN : 22 : 2.540 2.530 2.260 4/ US : 22 : 2.515 2.530 2.265 4/ Western District : : KY : 23 : 2.480 2.340 4/ 4/ TN : 23 : 2.425 2.325 4/ 4/ US : 23 : 2.470 2.340 4/ 4/ KY-TN Fire-cured : 22-23 : 2.495 2.500 2.265 4/ Total Fire-cured : 21-23 : 2.495 2.500 2.265 4/ : : Air-cured: : : Light Air-cured: : : Burley : : IN : 31 : 1.945 1.910 4/ 4/ KY : 31 : 1.980 1.955 4/ 4/ NC : 31 : 1.925 4/ 4/ 4/ OH : 31 : 1.920 1.840 4/ 4/ TN : 31 : 1.970 1.940 4/ 4/ VA : 31 : 1.965 4/ 4/ 4/ US : 31 : 1.970 1.950 4/ 4/ Southern MD Belt : : MD : 32 : 4/ 4/ 1.775 0.660 Total Light Air-cured : 31-32 : 1.970 1.950 1.775 0.660 : : Dark Air-cured : : One-Sucker Belt : : KY : 35 : 1.875 1.665 4/ 4/ TN : 35 : 1.865 2.135 4/ 4/ US : 35 : 1.870 1.840 4/ 4/ Green River Belt : : KY : 36 : 2.045 1.310 4/ 4/ KY-TN Dark Air-cured : 35-36 : 1.945 1.675 4/ 4/ VA Sun-cured Belt : : VA : 37 : 0.870 4/ 4/ 4/ Total Dark Air-cured : 35-37 : 1.945 1.675 4/ 4/ : : Total All Cures : 11-37 : 2.095 2.175 2.105 0.660 -------------------------------------------------------------------------------- 1/ Revised. 2/ Consists of Eastern NC Belt, and Old and Middle Belts in NC and VA. 3/ Consists of GA-FL Belt, SC Belt, and NC Border Belt. 4/ Insufficient sales to establish a price. Tobacco: Prices Received Monthly by Type, State and United States, July 2004 - April 2005 1/ ------------------------------------------------------------------------------- : : 2004 Cure, Area and State : Type :----------------------------------------------- : : Jul : Aug : Sep : Oct : Nov : Dec ------------------------------------------------------------------------------- : : Dollars per Pound : : Flue-cured Areas: : : Northern Auction 2/ : 11-12: 4/ 1.715 1.895 1.920 1.885 4/ Northern Contract 2/ : 11-12: 5/ 1.765 1.905 1.930 1.855 4/ Southern Auction 3/ : 13-14: 4/ 1.750 1.865 1.845 4/ 4/ Southern Contract 3/ : 13-14: 1.680 1.800 1.900 1.875 4/ 4/ Total Flue-cured Area : 11-14: 1.710 1.755 1.895 1.910 1.860 4/ : : Fire-cured: : : VA Belt : : VA : 21 : 4/ 4/ 4/ 4/ 1.770 1.825 Eastern District : : KY : 22 : 4/ 4/ 4/ 4/ 4/ 4/ TN : 22 : 4/ 4/ 4/ 4/ 4/ 4/ US : 22 : 4/ 4/ 4/ 4/ 4/ 4/ Western District : : KY : 23 : 4/ 4/ 4/ 4/ 4/ 4/ TN : 23 : 4/ 4/ 4/ 4/ 4/ 4/ US : 23 : 4/ 4/ 4/ 4/ 4/ 4/ KY-TN Fire-cured : 22-23: 4/ 4/ 4/ 4/ 4/ 4/ Total Fire-cured : 21-23: 4/ 4/ 4/ 4/ 1.770 1.825 : : Air-cured: : : Light Air-cured: : : Burley : : IN : 31 : 4/ 4/ 4/ 4/ 1.990 1.975 KY : 31 : 4/ 4/ 4/ 4/ 2.000 2.000 NC : 31 : 4/ 4/ 4/ 4/ 1.955 1.935 OH : 31 : 4/ 4/ 4/ 4/ 2.010 1.980 TN : 31 : 4/ 4/ 4/ 4/ 1.990 1.980 VA : 31 : 4/ 4/ 4/ 4/ 1.985 1.970 US : 31 : 4/ 4/ 4/ 4/ 2.000 1.990 Southern MD Belt : : MD : 32 : 4/ 4/ 4/ 4/ 4/ 4/ Total Light Air-cured : 31-32: 4/ 4/ 4/ 4/ 2.000 1.990 : : Dark Air-cured : : One-Sucker Belt : : KY : 35 : 4/ 4/ 4/ 4/ 2.915 2.330 TN : 35 : 4/ 4/ 4/ 4/ 4/ 2.220 US : 35 : 4/ 4/ 4/ 4/ 2.915 2.310 Green River Belt : : KY : 36 : 4/ 4/ 4/ 4/ 4/ 2.180 KY-TN Dark Air-cured : 35-36: 4/ 4/ 4/ 4/ 2.915 2.260 VA Sun-cured Belt : : VA : 37 : 4/ 4/ 4/ 4/ 4/ 1.495 Total Dark Air-cured : 35-37: 4/ 4/ 4/ 4/ 2.915 2.245 : : Total All Cures : 11-37: 1.710 1.755 1.895 1.910 1.985 2.005 ------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Tobacco: Prices Received Monthly by Type, State and United States, July 2004 - April 2005 1/ (continued) -------------------------------------------------------------------------------- : : 2005 Cure, Area and State : Type :----------------------------------------------- : : Jan : Feb : Mar : Apr -------------------------------------------------------------------------------- : : Dollars per Pound : : Flue-cured Areas: : : Northern Auction 2/ : 11-12 : 4/ 4/ 4/ 4/ Northern Contract 2/ : 11-12 : 4/ 4/ 4/ 4/ Southern Auction 3/ : 13-14 : 4/ 4/ 4/ 4/ Southern Contract 3/ : 13-14 : 4/ 4/ 4/ 4/ Total Flue-cured Area : 11-14 : 4/ 4/ 4/ 4/ : : Fire-cured: : : VA Belt : : VA : 21 : 1.505 4/ 4/ 4/ Eastern District : : KY : 22 : 2.505 2.715 4/ 4/ TN : 22 : 2.630 2.450 4/ 4/ US : 22 : 2.575 2.500 4/ 4/ Western District : : KY : 23 : 2.515 2.545 4/ 4/ TN : 23 : 2.485 2.600 4/ 4/ US : 23 : 2.510 2.550 4/ 4/ KY-TN Fire-cured : 22-23 : 2.550 2.510 4/ 4/ Total Fire-cured : 21-23 : 2.550 2.510 4/ 4/ : : Air-cured: : : Light Air-cured: : : Burley : : IN : 31 : 1.970 1.995 4/ 4/ KY : 31 : 2.000 1.990 2.000 4/ NC : 31 : 1.935 4/ 4/ 4/ OH : 31 : 1.980 1.970 4/ 4/ TN : 31 : 1.975 1.930 4/ 4/ VA : 31 : 1.965 4/ 4/ 4/ US : 31 : 1.990 1.985 2.000 4/ Southern MD Belt : : MD : 32 : 4/ 4/ 1.430 4/ Total Light Air-cured : 31-32 : 1.990 1.985 1.455 4/ : : Dark Air-cured : : One-Sucker Belt : : KY : 35 : 1.925 4/ 4/ 4/ TN : 35 : 2.015 4/ 4/ 4/ US : 35 : 1.945 4/ 4/ 4/ Green River Belt : : KY : 36 : 1.890 1.495 4/ 4/ KY-TN Dark Air-cured : 35-36 : 1.935 1.495 4/ 4/ VA Sun-cured Belt : : VA : 37 : 1.180 4/ 4/ 4/ Total Dark Air-cured : 35-37 : 1.930 1.495 4/ 4/ : : Total All Cures : 11-37 : 2.135 2.205 1.455 4/ -------------------------------------------------------------------------------- 1/ Revised. 2/ Consists of Eastern NC Belt, and Old and Middle Belts in NC and VA. 3/ Consists of GA-FL Belt, SC Belt, and NC Border Belt. 4/ Insufficient sales to establish a price. 5/ Price not published to avoid disclosure of individual firms. Reliability of Prices Received Estimates Definition: Prices received represent sales from producers to first buyers. They include all grades and qualities. The average commodity price from the survey multiplied by the total quantity marketed theoretically should give the total cash receipts for the commodity. Survey Procedures: Primary sales data used to determine grain prices were obtained from probability samples of about 2000 mills and elevators. These procedures ensure that virtually all grain moving into commercial channels has a chance of being included in the survey. Generally, States surveyed account for 90 percent or more of total U.S. production. Livestock prices are obtained from packers, stockyards, auctions, dealers, and market check data from AMS-USDA, private marketing organizations, and state commodity groups and agencies. Inter-farm sales of grain and livestock are not included since they represent very small percentages of the total marketings. Grain marketed for seed is also excluded. Fruit and vegetable prices are obtained from sample surveys and market check data from AMS-USDA, private marketing organizations, state agencies, and universities. Summary and Estimation Procedures: Survey quantities sold are expanded by strata to state levels and used to weight average strata prices to a state average. State prices are then weighted to a U.S. price based on expanded marketings. Recommendations are prepared by the State Statistical Offices and reviewed by the Agricultural Statistics Board in Washington, D.C. State recommendations are reviewed for reasonableness with survey data, other States, and recent historic estimates. Revisions: For most items, the current month's preliminary price represents a 3-5 day period around the 15th of the month. Previous month's prices represent actual dollars received for quantities sold during the entire month. Revisions are published in monthly issues of Agricultural Prices. Reliability: U.S. price estimates based on probability surveys generally have a sampling error of less than one percent for the major commodities such as corn, wheat, soybeans, cotton, and rice. Current methods of summarization for non-probability commodities are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors at around five percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Prices Paid by Farmers The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 139 (1990-92=100), unchanged from April 2005 but 3.0 percent above May 2004. PRODUCTION INDEX: The May index, at 138, is unchanged from last month but 3.8 percent above last year. Lower prices in May for feeder pigs, diesel fuel, feed grains, and gasoline offset higher prices for hay and forages, nitrogen fertilizers, complete feeds, and feeder cattle. Feed: The May index, at 117, is 0.9 percent above April but 13 percent below last May. Since April, higher prices for hay and forages, complete feeds, and feed concentrates more than offset lower prices for feed grains and feed supplements. Livestock and Poultry: The May index for livestock and poultry purchases, at 140, is 0.7 percent lower than last month but 11 percent above last year. Since April, lower prices for feeder pigs more than offset higher prices for feeder cattle. The May feeder cattle price, at $116.90 per cwt, is up $1.10 per cwt from the April price. May feeder pigs averaged $154.00 per cwt, down $24.00 per cwt from April. Fertilizer: The May index, at 162, is up 2.5 percent from April and 19 percent more than May a year ago. Since April, prices paid for all fertilizer subcomponents are higher. Agricultural Chemicals: The May index, at 120, is unchanged from last month and last May. Fuels: The May Index, at 205, is down 2.4 percent from a month earlier but 29 percent above May 2004. Compared to last month, prices are lower for diesel fuel and gasoline but higher for LP gas. Farm Machinery: The May index is 170, down 0.6 percent from April but 5.6 percent above last May. Since April, lower prices for other machinery account for the decline. CONSUMER PRICE INDEX: The April 2005 Consumer Price Index for all urban consumers (CPI-U) rose 0.7 percent before seasonal adjustment to a level of 194.6 (1982-84=100). This compares to the March index of 193.3. For the 12-month period ending in April, the overall index has increased 3.5 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, May 2005 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2004 : 2005 : 2004 : 2005 Ratios :---------------------------------------------- : May : Apr : May : May : Apr : May : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1,793 *1,855 1,857 135 *139 139 Production : 1,287 *1,339 1,341 133 138 138 Feed : 658 *565 574 135 *116 117 Livestock & Poultry : 1,613 *1,806 1,793 126 *141 140 Seeds : 1,564 1,694 1,694 158 171 171 Fertilizer : 497 579 592 136 158 162 Agricultural Chemicals : 744 740 745 120 120 120 Fuels : 1,229 1,624 1,580 159 210 205 Farm Supplies & Repairs : 972 *1,009 1,009 137 142 142 Autos & Trucks : 3,029 *3,062 3,052 114 115 115 Farm Machinery : 4,047 4,282 4,275 161 171 170 Building Materials : 1,824 *1,916 1,917 134 141 141 Farm Services & Rent : 1,456 *1,492 1,492 Farm Services : 124 127 127 Rent : 120 123 123 Interest 1/ : 2,593 2,643 2,643 103 105 105 Taxes 2/ : 3,474 3,542 3,542 130 132 132 Wage Rates : 5,964 *6,035 6,035 159 *161 161 Production, Interest, Taxes, : & Wage Rates (PITW) : 1,792 *1,857 1,858 133 *138 138 Family Living-CPI 3/ : 1,796 *1,848 1,848 140 *144 144 : : :---------------------------------------------- Ratio (Received\Paid) : 96 *88 88 Parity Ratio 4/ : 46 *42 42 Parity Ratio Adjusted 5/ : 48 *46 46 PPITW Adjusted for : Productivity 6/ : 1,214 *1,230 1,231 : : :---------------------------------------------- Crop Sector (PPITW) : 135 *142 142 Livestock Sector (PPITW) : 134 136 136 : : :---------------------------------------------- Farm Sector (Production) : 135 *134 134 Non-Farm Sector (Production) : 131 140 140 -------------------------------------------------------------------------------- * Revised. 1/ Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 2/ Farm real estate taxes payable per acre. 3/ Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), for the previous month converted by the USDA. 4/ Ratio of index of prices received to PPITW (1910-14=100). 5/ Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.105 for 2005 and the revised factor is 1.048 for 2004. 6/ PPITW is adjusted based on productivity trend for the prior 15 years. Prices Paid Indexes and Annual Weights for Input Components and Sub-Components United States, May 2005 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2004 : 2005 :----------------------------------------------------- : 2004 : 2005 : May : Apr : May -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.2 66.4 133 138 138 : Feed : 10.7 10.7 135 *116 117 Feed Grains : 1.5 1.5 123 *86 83 Complete Feeds : 5.2 5.2 132 116 118 Hay/Forages : 1.3 1.3 129 123 133 Concentrates : 1.7 1.7 159 124 125 Supplements : 0.9 0.9 135 140 136 Livestock & Poultry : 7.4 7.7 126 *141 140 Feeder Cattle : 5.8 6.0 126 137 138 Feeder Pigs : 0.6 0.6 122 *194 168 Milk Cow Replacements : 0.6 0.6 140 157 157 Poultry : 0.4 0.5 110 110 110 Seeds : 3.3 3.5 158 171 171 Field Crops : 3.0 3.2 163 177 177 Grasses/Legumes : 0.3 0.3 111 118 118 Fertilizer : 4.4 4.3 136 158 162 Mixed Fertilizer : 1.9 1.9 122 135 137 Nitrogen : 1.8 1.8 153 183 190 Potash & Phosphate : 0.6 0.6 124 155 155 Agricultural Chemicals : 3.7 3.6 120 120 120 Herbicides : 2.4 2.3 113 113 113 Insecticides : 0.9 0.8 142 139 140 Fungicides/Other : 0.5 0.5 117 120 120 Fuels : 2.7 2.7 159 210 205 Diesel : 1.5 1.6 151 224 216 Gasoline : 0.8 0.8 170 192 186 LP Gas : 0.4 0.4 170 191 195 Farm Supplies & Repairs : 5.4 5.2 137 142 142 Supplies : 1.8 1.7 127 131 131 Repairs : 3.6 3.5 142 *148 148 Autos & Trucks : 1.8 1.8 114 115 115 Autos : 0.2 0.2 108 *109 108 Trucks : 1.6 1.5 115 116 116 Farm Machinery : 4.0 4.0 161 171 170 Tractors : 0.9 0.9 147 153 153 Self-Propelled : 1.6 1.6 167 176 176 Other Machinery : 1.5 1.5 164 175 174 Building Materials : 3.3 3.6 134 141 141 Farm Services : 12.4 12.4 124 127 127 Custom Rates : 1.3 1.3 125 125 125 Other Services : 11.1 11.1 123 127 127 Rent : 7.1 6.9 120 123 123 Cash : 3.8 3.7 145 147 147 Share : 3.3 3.2 91 94 94 Interest : 4.7 4.5 103 105 105 Taxes : 3.0 2.9 130 132 132 Wage Rates : 7.6 7.6 159 *161 161 Family Living-CPI : 18.5 18.6 140 *144 144 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, May 2005 with Comparisons -------------------------------------------------------------------------------- : 2004 : 2005 Feed Price Ratio 1/ :----------------------------- : May : Apr : May -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 5.2 *7.0 7.0 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 6.0 *5.0 4.6 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 19.7 *25.6 28.9 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 3.15 *3.21 3.02 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 32.3 *49.2 50.5 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 4.8 *6.7 7.2 -------------------------------------------------------------------------------- * Revised. 1/ Effective January 1995, prices of commercial prepared feeds are based on current U.S. prices received for corn, soybeans, alfalfa hay, and all wheat. Prices Used to Calculate Feed Price Ratios: United States, May 2005 with Comparisons -------------------------------------------------------------------------------- : : 2004 : 2005 Commodity : Unit :------------------------------------------- : : May : Apr : May -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.500 0.440 0.440 Eggs, Market : Doz : 0.472 0.261 0.236 : : Hogs, All : Cwt : 56.60 *51.20 55.40 Milk, All : Cwt : 19.30 *15.20 14.90 : : Steers and Heifers : Cwt : 92.60 *98.30 96.90 Turkeys, Live : Lb : 0.401 0.392 0.411 : : Corn : Bu : 2.87 *2.00 1.92 Hay, Alfalfa, Baled : Ton : 109.00 103.00 116.00 : : Soybeans : Bu : 9.56 *6.03 6.09 Wheat, All : Bu : 3.82 *3.35 3.28 -------------------------------------------------------------------------------- * Revised. Feeder Livestock: Prices Paid, United States May 2005 with Comparisons -------------------------------------------------------------------------------- : : 2004 : 2005 Commodity : Unit :------------------------------------------- : : May : Apr : May -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 107.10 115.80 116.90 Feeder Pigs : Cwt : 112.00 *178.00 154.00 -------------------------------------------------------------------------------- * Revised. Feed Price Ratios, Monthly, United States, January 2002 - May 2005 1/ -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun : Jul :Aug : Sep : Oct : Nov : Dec : Avg : : : : : : : : : : : : : 2/ -------------------------------------------------------------------------------- : Broiler-Feed Ratio 3/ : 2002: 6.6 6.5 5.9 5.5 5.7 5.9 5.0 4.6 4.6 4.5 4.5 4.7 5.3 2003: 5.6 5.4 5.2 4.8 5.1 5.4 5.7 5.8 5.7 5.4 5.1 5.1 5.4 2004: 5.6 5.5 5.0 4.9 5.2 5.6 6.1 6.4 6.3 6.4 6.6 6.6 5.9 2005: 7.1 7.4 7.0 7.0 7.0 7.1 : : Market Egg-Feed Ratios 4/ : 2002:10.2 8.5 11.6 7.4 6.7 9.5 7.5 7.9 7.1 6.6 10.5 9.6 8.6 2003: 9.7 8.5 9.5 9.3 6.9 8.8 9.8 12.7 11.6 12.6 15.7 12.2 10.6 2004:12.9 10.7 13.2 7.8 6.0 6.6 5.8 5.6 6.5 5.8 8.8 9.8 8.3 2005: 7.2 7.4 6.3 5.0 4.6 6.1 : : Turkey-Feed Ratio 5/ : 2002: 7.2 7.3 6.9 6.8 7.3 7.3 6.9 6.3 6.0 6.1 6.5 6.4 6.8 2003: 5.8 5.8 6.0 5.9 5.7 5.8 5.9 5.7 6.0 6.3 6.3 5.7 5.9 2004: 5.1 4.6 4.5 4.5 4.8 5.2 5.9 7.0 7.9 8.4 8.8 8.3 6.2 2005: 6.9 6.9 6.6 6.7 7.2 6.9 : : Milk-Feed Ratio 6/ : 2002:3.07 3.00 2.87 2.81 2.64 2.55 2.36 2.27 2.30 2.46 2.44 2.45 2.60 2003:2.42 2.33 2.27 2.25 2.18 2.19 2.59 2.89 3.11 3.23 3.05 2.85 2.61 2004:2.70 2.60 2.80 3.11 3.15 3.12 2.95 2.98 3.25 3.29 3.57 3.66 3.10 2005:3.50 3.54 3.38 3.21 3.02 3.33 : : Hog-Corn Ratio 7/ : 2002:19.1 19.9 18.6 16.6 17.2 18.2 18.4 13.4 10.7 13.2 12.2 13.1 15.9 2003:14.1 14.7 14.9 14.9 17.4 19.2 19.7 18.4 18.0 17.3 15.8 14.8 16.6 2004:15.3 16.3 17.2 16.4 19.7 20.3 22.7 23.6 24.9 24.3 27.1 25.6 21.1 2005:25.1 26.0 25.3 25.6 28.9 26.2 : : Steer & Heifer-Corn Feed Ratio 8/ : 2002:36.1 38.1 38.2 37.0 35.3 34.0 31.2 28.3 27.4 29.3 31.5 32.3 33.2 2003:33.3 33.4 32.9 33.7 33.4 33.6 36.4 38.6 40.6 46.1 45.4 41.4 37.4 2004:35.8 31.5 32.0 30.8 32.3 33.6 36.4 38.9 40.7 42.4 44.0 45.0 36.9 2005:44.5 47.8 47.3 49.2 50.5 47.9 -------------------------------------------------------------------------------- 1/ Quarterly commercial feed surveys discontinued in January 1995. Comparable complete feeds are based on US prices for Corn, Alfalfa Hay, Soybeans, and All Wheat. 2/ Simple average of monthly ratios, January through December. 3/ Number of pounds of Broiler Grower Feed (corn-58 pounds, soybeans-42 pounds) equal in value to one pound of Broilers, live weight. 4/ Number of pounds of Laying Feed (corn-75 pounds, soybeans-25 pounds) equal in value to one dozen Market Eggs. 5/ Number of pounds of Turkey Grower Feed (corn-51 pounds, soybeans-28 pounds, all wheat-21 pounds) equal in value to one pound of Turkeys, live weight. 6/ Number of pounds of 16% protein Mixed Dairy Feed (corn-51 pounds, soybeans-8 pounds, alfalfa hay-41 pounds) equal in value to one pound of All Milk. 7/ Number of bushels of corn equal in value to 100 pounds of All Hogs, live weight. 8/ Number of bushels of corn equal in value to 100 pounds of Steers & Heifers, live weight. Prices Paid by Farmers Definition: Prices paid by farmers represent the average costs of inputs purchased by farmers and ranchers to produce agricultural commodities. Conceptually, the average price when multiplied by quantity purchased should equal total producer expenditures for the item. Survey Procedures: The prices paid data are obtained from establishments that sell goods and services to farmers and ranchers. Annually, about 8,500 firms are randomly selected from lists by type of item sold with an average response rate in the range of 75-80 percent. Firms are asked to report the price for the specified item "most commonly bought by farmers" or that was the "volume seller". Approximately 135 items are surveyed each April to represent all production input items purchased. The survey reference period for most items is the 5 business days centered around the 15th of the month. Separate prices paid surveys are conducted for, agricultural chemicals, fuels, feed, fertilizer, machinery, and seed. Summary and Estimation Procedures: The annual April Prices Paid Survey is summarized as a nonprobability survey. Average prices reported are aggregated to the region and U.S. level using weights available from expenditure data and other administrative sources. Price recommendations are prepared by the State Statistical Offices and Headquarters for review by the Agricultural Statistics Board in Washington, D.C. Also, the change in price level for individual items surveyed are combined to the regional and U.S. levels, and are published as prices paid indexes referenced to a specific base period. Prices paid indexes for new autos and trucks, building materials, farm supplies, motor supplies, and marketing containers are updated based on price changes measured in selected Bureau of Labor Statistics (BLS) indexes. Revisions: Any revisions are published in the monthly and in annual issues of Agricultural Prices. The basis for revision must be supported by additional data that directly affect the level of the estimate. More revisions are likely in April when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA to measure price change. Reliability: Current methods of summarization in April are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors for major items around 10 percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Program Change: Effective January 1, 1995, the National Agricultural Statistics Service updated the weights and changed the construction of its prices paid and received by farmers indexes. A Federal Register Notice dated October 28, 1994 discussed these program modifications. A 1990-92 reference and base period replaced the 1977 reference and 1971-73 base weight period. Five-year moving average weights replaced the current fixed 1971-73 base period weights. The 1910-14=100 price indexes, required by statute for computing parity prices, were linked forward based on the changes in the new 1990-92=100 indexes. The new indexes were constructed by multiplying the ratios of the current prices to the base period prices by the moving average weights (adjusted for seasonal marketing patterns for the prices received indexes). Information Contacts General questions should be directed to Linda Hutton, Chief, Environmental, Economics and Demographics Branch at (202) 720-6146. Below are the commodity specialists to contact for additional information. Crop Prices Received Joe Prusacki Chief, Crops Branch . . . . . . . . . . . . . . .(202) 720-2127 Greg Thessen, Field Crops Section. . . . . . . . . . . . . . .(202) 720-2127 Lance Honig - Wheat, Rye . . . . . . . . . . . . . . . . . .(202) 720-8068 Darin Jantzi - Corn, Proso Millet, Flaxseed. . . . . . . . .(202) 720-9526 Troy Joshua - Cotton, Cottonseed . . . . . . . . . . . . . .(202) 720-5944 Travis Thorson - Hay, Oats, Sorghum. . . . . . . . . . . . .(202) 690-3234 Jason Lamprecht - Soybeans, Sunflower, Other Oilseeds. . . .(202) 720-7369 Dennis Koong - Peanuts, Rice . . . . . . . . . . . . . . . .(202) 720-7688 Brian Young - Sugarcane, Sugarbeets, Barley. . . . . . . . .(202) 720-7621 Jim Smith, Fruit and Vegetable Section . . . . . . . . . . . .(202) 720-2127 Debbie Flippin - Peaches, Pears, Hops, Pulses, Mint. . . . .(202) 720-3250 Jorge Garcia-Pratts - Citrus . . . . . . . . . . . . . . . .(202) 720-5412 Terry O'Connor - Apples, Apricots, Cherries, Cranberries, Plums, Prunes . . . . . . . . . . . . . . . .(202) 720-4288 Leslie Colburn - Grapes, Tobacco . . . . . . . . . . . . . .(202) 720-7235 Cathy Scherrer, Potatoes, Dry Edible Beans, Sweet Potatoes .(202) 720-4285 Biz Wallingsford - Vegetables, Onions, Strawberries. . . . .(202) 720-2157 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch. . . . . . . . . . . . .(202) 720-3570 Bill Weaver, Livestock Section . . . . . . . . . . . . . . . .(202) 720-3570 Scott Hollis - Sheep, Lambs, Wool, Mohair. . . . . . . . . .(202) 720-4751 Ty Kalaus - Milk, Milk Cows. . . . . . . . . . . . . . . . .(202) 690-3236 Bruce Boess - Hogs . . . . . . . . . . . . . . . . . . . . .(202) 720-3106 Mike Miller - Cattle . . . . . . . . . . . . . . . . . . . .(202) 720-3040 Wilbert Hundl, Poultry and Specialty Commodities Section . . .(202) 720-3570 John Lange - Turkeys . . . . . . . . . . . . . . . . . . . .(202) 720-0585 Sharyn Lavender - Eggs . . . . . . . . . . . . . . . . . . .(202) 720-3244 Jody Roberts - Broilers . . . . . . . . . . . . . . . . . .(202) 690-8632 Indexes, Prices Paid, and Parity Prices Linda Hutton, Chief, Environmental, Economics and Demographics Branch. . . . . . . . . . . . . . . . . . . . .(202) 720-6146 Kevin Hintzman, Economics Section. . . . . . . . . . . . . . .(202) 720-6146 Eric Barnes - Farm Supplies and Repairs, Farm Machinery, Fuels, Feeder Livestock, Poultry Chicks, Feed Price Ratios, Grazing Fees, Autos & Trucks . . . . .(202) 690-4752 Daryl Brinkman - Prices Received Indexes, Parity Prices . . . . . . . . . . . . . . . . . . . . . .(202) 720-8844 Tara Jackson - Prices Paid Indexes, Prices Paid for Feed, Fertilizer, Agricultural Chemicals, Seeds. . . . . . .(202) 690-3229 ACCESS TO REPORTS!! 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