Pr 1 (6-05)a Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released June 29, 2005, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on Agricultural Prices see page 40, office hours 7:30 a.m. to 4:00 p.m. ET. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Update Alert The following were corrected in the June 2005 Agricultural Prices: The narrative for the Crop Index on the face page is changed from “up 2 points (1.7 percent)” to “up 3 points (2.5 percent)”. The narrative for the Food Commodities Index on the face page is changed from “decreased 1 point (0.8 percent) from last month and 8 points” to “is unchanged from last month but decreased 8 points”. The 1990-92=100 indices for May 2005 for All Crops is corrected from 119 to 118 and the Food Commodities Index changed from 124 to 123. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX June Farm Prices Received Index Unchanged From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in June, at 120, based on 1990-92=100, is unchanged from May. The Crop Index is up 2 points (1.7 percent), but the Livestock Index decreased 3 points (2.5 percent). Producers received higher commodity prices for lettuce, soybeans, broccoli, grapefruit, and potatoes. Lower prices were received for cattle, hogs, strawberries, dairy products, and tomatoes. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities a producer sells. Increased average marketings of wheat, grapes, hay, and cantaloup offset decreased marketings of tomatoes, oranges, sweet corn, and strawberries. Preliminary All Farm Products Index is down 8 points (6.3 percent) from June 2004. The Food Commodities Index, at 123, decreased 1 point (0.8 percent) from last month and 8 points (6.1 percent) from June 2004. Prices Paid Index Unchanged The June 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 May but 4 points (3.0 percent) above June 2004. Lower prices in June for feeder pigs, LP gas, hay and forages, and feed supplements offset higher prices for diesel fuel, feeder cattle, complete feeds, and nitrogen fertilizers. Index Summary Table -------------------------------------------------------------------------------- : 2004 : 2005 Index :-------------------------------------------------------------- 1990-92=100 : May : Jun : May : Jun -------------------------------------------------------------------------------- : Prices Received : 129 128 120 120 : Prices Paid : 135 135 139 139 : Ratio 1/ : 96 95 86 86 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid by farmers. Prices Received by Farmers The June All Farm Products Index is 120 percent of its 1990-92 base, unchanged from the May index but 6.3 percent below the June 2004 index. ALL CROPS: The June index is 121, up 2.5 percent from May but 0.8 percent below June 2004. From May, index increases for fruit & nuts, oil-bearing crops, commercial vegetables, potatoes & dry beans, and feed grains & hay more than offset the index decreases for cotton and food grains. Food Grains: The June index, at 107, is 1.8 percent below the previous month and 12 percent below June 2004. The June all wheat price, at $3.17 per bushel, is down 14 cents from May and 38 cents from June 2004. Feed Grains & Hay: The June index, at 102, is up 3.0 percent from last month but 16 percent below June 2004. The corn price, at $2.01 per bushel, is up 2 cents from last month but 78 cents below June 2004. The all hay price, at $102 per ton, is $5.00 below May but $6.80 above last June. Grain sorghum, at $3.40 per cwt, is up 34 cents from May but $1.18 below June last year. Oil-Bearing Crops: The June index, at 121, is 9.0 percent above May but 25 percent below June 2004. The soybean price, at $6.72 per bushel, increased 52 cents from May but is $2.36 below June 2004. Cotton: The June index, at 67, is down 2.9 percent from May and 32 percent below June 2004. The June price, at 40.7 cents per pound, is down 1.3 cents from the previous month and 19.2 cents below last June. Potatoes & Dry Beans: The June index, at 127, is up 4.1 percent from last month and 20 percent above June 2004. The all potato price, at $7.38 per cwt, is up 66 cents from May and $1.22 from last June. The all dry bean price, at $25.10 per cwt, is down $6.80 from the previous month but $5.10 above June 2004. Fruits & Nuts: The June index, at 141, is up 13 percent from May and 12 percent higher than June 2004. Price increases for grapefruit, oranges, and lemons more than offset price decreases for peaches, grapes, and apples. Commercial Vegetables: The June index, at 148, is up 7.2 percent from last month and 31 percent above June 2004. Price increases during June for lettuce, broccoli, and sweet corn more than offset price declines for tomatoes, celery, and snap beans. LIVESTOCK & PRODUCTS: The June index, at 119, is 2.5 percent below last month and 11 percent from June 2004. Compared with a year ago, prices are lower for dairy, broilers, eggs, hogs, and cattle but higher for calves and turkeys. Meat Animals: The June index, at 121, is down 3.2 percent from last month and 1.6 percent lower than last year. The June hog price, at $51.00 per cwt, is down $3.90 from May and $5.70 lower than a year ago. The June beef cattle price of $89.50 is down $2.90 from last month and 30 cents lower than June 2004. Dairy Products: The June index, at 112, is down 0.9 percent from a month ago and 19 percent lower than a year ago. The June all milk price of $14.60 is down 20 cents from last month and $3.60 from June 2004. The fluid grade milk price is down 20 cents but the manufactured grade milk price is unchanged from the previous month. Poultry & Eggs: The June index, at 123, is up 0.8 percent from May but 16 percent below a year ago. June market egg prices, at 23.1 cents per dozen, decreased 0.5 cents from May. The June broiler price, at 44.0 cents per pound, was unchanged from May but 8 cents below a year ago. The June turkey price, averaging 42.5 cents per pound, is up 1.4 cents from the previous month and 0.8 cents 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, State and U.S. Sweet Potatoes . . . . . . . . . . . . . . . . . . . . 26 Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, U.S. Oats . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 All Barley . . . . . . . . . . . . . . . . . . . . . . . . 27 Malting Barley. . . . . . . . . . . . . . . . . . . . 27 Feed Barley . . . . . . . . . . . . . . . . . . . . . 28 All Wheat. . . . . . . . . . . . . . . . . . . . . . . . . 28 Winter Wheat. . . . . . . . . . . . . . . . . . . . . 29 Durum Wheat . . . . . . . . . . . . . . . . . . . . . 29 Other Spring Wheat. . . . . . . . . . . . . . . . . . 29 Hard Red Spring Wheat . . . . . . . . . . . . . . . . 30 Hard Red Winter Wheat . . . . . . . . . . . . . . . . 30 Soft Red Winter Wheat . . . . . . . . . . . . . . . . 30 White Wheat . . . . . . . . . . . . . . . . . . . . . 30 Note: NASS adjusted its Marketing Year Average (MYA) Price publication schedule to accommodate the 2002 Farm Security and Rural Investment Act. Final U.S. MYA prices for all commodities will be published as soon as possible after the end of the U.S. marketing year for each crop. Final State MYA prices for each crop will be published after the marketing year for all States is complete. For barley, oats, and wheat, final State MYA prices will be published in the August 31st Agricultural Prices report. 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 . . . . . . . . . . . . . . . 39 U.S. Average Prices Prices Used to Calculate Feed Price Ratios . . . . 38 Feeder Livestock . . . . . . . . . . . . . . . . . 38 Information Contacts . . . . . . . . . . . . . . . 40 Index Numbers of Prices Received, United States, June 2005, with Comparisons -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2004 : 2005 : 2004 : 2005 :Average :--------------------------------------------- :1990-92 : Jun : May : Jun : Jun : May : Jun -------------------------------------------------------------------------------- : All Farm Products : 639 813 *762 762 128 *120 120 : All Crops : 500 603 *582 598 122 *118 121 Food Grains : 325 384 *347 338 121 *109 107 Feed Grains & Hay : 363 438 *354 365 122 *99 102 Cotton : 517 506 *355 344 99 *69 67 Tobacco : 1,263 Oil-Bearing Crops : 554 882 *609 661 161 *111 121 Fruits & Nuts : 716 879 *876 985 126 *125 141 Commercial Vegetables : 698 755 *924 990 113 *138 148 Potatoes & Dry Beans : 540 535 *616 645 106 *122 127 Other Crops : 493 569 578 578 115 117 117 : Livestock & Products : 768 1,020 *934 913 133 122 119 Meat Animals : 1,021 1,248 *1,276 1,228 123 *125 121 Dairy Products : 799 1,118 *910 897 139 *113 112 Poultry & Eggs : 282 411 344 345 146 122 123 : Food Commodities : 131 *123 123 -------------------------------------------------------------------------------- * 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 : 129 120 124 119 133 122 135 139 133 138 Jun : 128 120 122 121 133 119 135 139 133 138 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, June 2005, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : Jun : May : Jun : : : 2004 : 2005 : 2005 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 2.63 2.46 2.36 Feed : Bu : 1.90 2.20 1.71 1.66 Malting : Bu : 2.43 2.79 2.90 2.79 Beans, Dry Edible : Cwt: 19.10 20.00 31.90 25.10 Chickpeas, All : Cwt: 20.80 22.30 5/ Large : Cwt: 22.00 22.40 5/ Small : Cwt: 4/ 4/ 5/ Corn : Bu : 2.30 2.79 1.99 2.01 Cotton, Upland : Lb : 0.606 0.599 0.420 0.407 Cottonseed 3/ : Ton: 96.00 : : Flaxseed : Bu : 4.27 7.23 11.60 9.10 Hay, All, Baled 1/ : Ton: 76.30 95.20 107.00 102.00 Alfalfa 1/ : Ton: 77.20 102.00 116.00 112.00 Other 1/ : Ton: 60.00 76.90 76.10 73.60 Lentils : Cwt: 21.00 12.20 11.80 Oats : Bu : 1.22 1.61 1.64 1.56 Peanuts, In-Shell : Lb : 0.304 0.203 0.178 0.178 Peas, Dry Edible : Cwt: 8.68 5.26 5.18 Austrian Winter : Cwt: 5/ 4/ 5/ Potatoes : Cwt: 5.82 6.16 6.72 7.38 : : Rice, Rough : Cwt: 7.07 9.30 6.97 7.01 Sorghum Grain : Cwt: 3.75 4.58 3.06 3.40 Soybeans : Bu : 5.61 9.08 6.20 6.72 Sunflower, All : Cwt: 9.50 13.50 15.50 14.80 Tobacco, Types 11-37 : Lb : 1.740 5/ 5/ 5/ : : Wheat, All : Bu : 2.96 3.55 3.31 3.17 Winter : Bu : 2.93 3.46 3.23 3.06 Durum : Bu : 2.86 4.35 3.67 3.62 Other Spring : Bu : 3.11 3.83 3.37 3.54 Hard Red Winter : Bu : 3.46 3.17 Soft Red Winter : Bu : 3.41 3.09 Hard Red Spring : Bu : 3.83 3.37 White : Bu : 3.24 3.81 3.50 : : Fruit : : : : Citrus, Equiv on-tree: : Grapefruit : Box: 5.77 9.43 11.27 18.23 Lemons : Box: 10.10 14.85 12.27 15.58 Oranges : Box: 5.79 4.13 5.07 5.40 Tangelos : Box: 5.82 Tangerines : Box: 15.11 15.22 Temples : Box: 6.23 : : Noncitrus, Fresh : : Apples 2/ : Lb : 0.212 0.301 0.172 0.163 Grapes 2/ : Ton: 506.00 810.00 1,270.00 1,180.00 Peaches 2/ : Ton: 432.00 476.00 600.00 502.00 Pears 2/ : Ton: 370.00 5/ 553.00 5/ Strawberries : Cwt: 56.00 66.90 69.20 60.10 -------------------------------------------------------------------------------- 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, June 2005, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jun : May : Jun : : : 2004 : 2005 : 2005 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 113.00 130.00 137.00 Broccoli : Cwt : 22.50 28.70 22.40 37.80 Cantaloupes 2/ : Cwt : 12.20 20.30 19.90 Carrots : Cwt : 13.20 22.50 21.20 21.00 Cauliflower : Cwt : 26.80 46.20 29.70 39.70 Celery : Cwt : 11.60 13.80 15.50 9.45 Corn, Sweet : Cwt : 15.70 22.80 25.60 27.30 Cucumbers 2/ : Cwt : 17.20 29.40 33.20 Lettuce : Cwt : 11.90 13.30 13.90 16.40 Onions : Cwt : 12.80 16.50 17.40 21.90 Snap Beans 2/ : Cwt : 28.20 47.80 39.30 Tomatoes : Cwt : 32.30 21.70 53.00 49.20 : : Livestock : : : : Calves : Cwt : 94.30 125.00 141.00 140.00 Cattle, All Beef : Cwt : 72.90 89.80 92.40 89.50 Cows 3/ : Cwt : 49.60 53.70 58.50 57.30 Steers & Heifers : Cwt : 77.10 93.80 96.40 93.10 Milk Cows 4/ : Head: 1,130.00 : : Hogs, All : Cwt : 47.70 56.70 54.90 51.00 Barrows & Gilts : Cwt : 48.40 57.20 55.40 51.30 Sows : Cwt : 39.50 46.50 42.60 44.60 : : Lambs : Cwt : 56.20 105.00 115.00 Sheep : Cwt : 23.40 31.30 44.50 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 18.20 14.80 14.60 Fluid Grade 6/ : Cwt : 13.10 18.20 14.80 14.60 Mfg Grade 6/ : Cwt : 11.80 16.80 14.20 14.20 : : Broilers, Live 7/ : Lb : 0.317 0.520 0.440 0.440 Eggs, All 8/ : Doz : 0.643 0.665 0.452 0.450 Market 8/ : Doz : 0.546 0.497 0.236 0.231 Turkeys, live 7/ 8/: Lb : 0.380 0.417 0.411 0.425 : : Adjusted for Seasonal : : Variation : : Eggs, All : Doz : 0.545 0.773 0.526 0.469 Milk, All 5/ : Cwt : 9.71 18.20 15.10 14.60 -------------------------------------------------------------------------------- 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/ June 2005 Fat test percent: all milk 3.57, fluid milk 3.57, mfg grade 3.73. 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, May and June 2005 -------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat :Oth Spring Wheat State :----------------------------------------------------------------------- : May 1/ : Jun 2/ : May 1/ : Jun 2/ : May 1/ : Jun 2/ : May 1/ : Jun 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : AR : 3/ 3/ 3/ 3/ CA : 3.64 3/ 3/ 3/ 3/ 3/ CO : 3.12 2.99 3.12 2.99 4/ 4/ ID : 3.54 3.59 3.44 3.45 3.69 3.80 IL : 3.25 3.30 3.25 3.30 IN : 3.08 2.99 3.08 2.99 KS : 3.16 2.97 3.16 2.97 MI : 3.00 2.90 3.00 2.90 MN : 3.37 3.49 4/ 4/ 3.37 3.49 MO : 3.24 3.15 3.24 3.15 MT : 3.35 3.59 3.34 3.24 3.65 3.67 3.30 3.75 NE : 3.20 3.10 3.20 3.10 ND : 3.32 3.31 2.59 2.45 3.63 3.40 3.28 3.30 OH : 3.03 3.05 3.03 3.05 OK : 3.19 3.05 3.19 3.05 OR : 3.69 3.60 3.64 3.55 3.96 3.85 SD : 3.29 3.39 3.16 3.03 3.37 3.62 TX : 2.97 2.98 2.97 2.98 WA : 3.63 3.76 3.54 3.57 3.83 4.21 : US : 3.31 3.17 3.23 3.06 3.67 3.62 3.37 3.54 -------------------------------------------------------------------------------- 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 3.43 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 3.42 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 3.31 2.87 1.99 9.56 6.20 88.50 92.40 56.60 54.90 Jun : 3.55 3.17 2.79 2.01 9.08 6.72 89.80 89.50 56.70 51.00 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 : 3.43 2.15 5.56 86.50 52.20 Nov : 3.46 2.05 5.36 85.40 55.60 Dec : 3.40 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, May and June 2005 -------------------------------------------------------------------------------- :All Barley 1/: Corn : Oats : Soybeans : Sorghum Grain State :----------------------------------------------------------------------- :May 2/:Jun 3/:May 2/:Jun 3/:May 2/:Jun 3/:May 2/:Jun 3/:May 2/ :Jun 3/ -------------------------------------------------------------------------------- :----------------- Dollars per Bushel ----------------- Dollars per Cwt : AL : AR : 6.45 6.95 4/ 5/ CA : 4/ 4/ CO : 4/ 4/ 2.16 2.08 ID : 3.19 3.10 IL : 2.05 2.10 4/ 4/ 6.21 6.80 3.75 3.90 IN : 2.02 2.06 6.32 6.85 IA : 1.93 1.90 1.70 1.75 6.10 6.70 KS : 2.00 2.00 6.16 6.47 2.99 3.12 KY : 2.21 2.20 6.49 6.80 LA : 6.22 7.08 MI : 1.93 2.00 2.01 2.00 6.04 6.60 MN : 4/ 4/ 1.90 1.97 1.41 1.43 6.26 6.68 MS : 6.13 6.71 MO : 2.04 2.10 6.29 6.90 3.51 3.65 MT : 2.80 2.69 1.92 5/ NE : 1.93 2.00 1.66 1.70 6.16 6.60 3.15 3.25 NC : 2.49 2.66 6.47 6.91 ND : 2.00 1.97 1.86 1.90 1.32 1.25 6.00 6.30 OH : 2.01 2.13 4/ 5/ 6.29 6.91 OK : 2.97 3.25 OR : 2.16 2.10 5/ 5/ PA : 2.54 2.38 1.96 1.99 SD : 1.94 5/ 1.84 1.89 1.53 1.53 6.11 6.49 TN : 2.45 2.45 6.38 6.70 TX : 2.31 2.20 4/ 5/ 3.21 3.52 UT : 4/ 4/ WA : 2.21 2.13 WI : 2.11 2.10 1.81 1.70 6.08 6.55 WY : 1.63 1.60 : US : 2.46 2.36 1.99 2.01 1.64 1.56 6.20 6.72 3.06 3.40 -------------------------------------------------------------------------------- 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, May and June 2005 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : May 1/ : Jun 2/ : May 1/ : Jun 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 3.37 3.40 1.88 1.90 MN : 3/ 3/ 1.41 1.38 MT : 3.20 3.07 1.71 1.65 ND : 2.42 2.35 1.54 1.40 SD : 1.95 4/ 1.70 4/ WY : 4/ 4/ 1.63 1.60 -------------------------------------------------------------------------------- 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, May and June 2005 -------------------------------------------------------------------------------- : Dry Edible : All : : : : Beans : Sunflower : Flaxseed : Tobacco : Peanuts 4/ State :--------------------------------------------------------------------- :May 1/:Jun 2/:May 1/:Jun 2/:May 1/:Jun 2/:May 1/:Jun 3/:May 1/:Jun 3/ -------------------------------------------------------------------------------- :------- Dollars per ------ Dollars per ------ Dollars per ------ :----------- Cwt ---------- -- Bushel -- --------- Pound --------- : AL : 5/ 6/ CA :35.40 5/ CO :28.70 5/ FL : 6/ 6/ GA : 5/ 6/ ID :23.10 26.40 IN : KS : 15.50 13.90 KY : MD : MI :25.20 23.00 MN :26.10 5/ 17.00 5/ MO : NE :23.00 23.10 NC : 0.209 5/ ND :23.40 21.90 14.40 14.30 11.60 9.10 OH : OK : SC : SD : 16.10 15.30 6/ 6/ TN : TX : 5/ 5/ VA : 0.239 6/ WV : : US :31.90 25.10 15.50 14.80 11.60 9.10 6/ 6/ 0.178 0.178 -------------------------------------------------------------------------------- 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, May and June 2005 -------------------------------------------------------------------------------- : : June : Cotton, Upland :-------------------------------------------------- State : : Cotton- : Hay, Baled 3/ : Apples :-------------------: seed :-----------------------------: Fresh : May 1/ : Jun 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 : 0.396 0.395 CA : 0.550 6/ 133.00 141.00 99.00 CO : 86.00 87.00 75.00 GA : 0.395 0.395 ID : 104.00 106.00 68.00 IL : 83.00 89.00 68.00 IA : 77.00 79.00 53.00 KS : 67.00 76.00 52.00 KY : 76.00 115.00 67.00 LA : 0.398 6/ MI : 78.00 85.00 60.00 0.175 MN : 71.00 76.00 53.00 MS : 0.395 0.395 MO : 56.00 95.00 44.00 MT : 76.00 77.00 67.00 NE : 47.00 47.00 46.00 NV : 115.00 113.00 129.00 NM : 125.00 128.00 105.00 NY : 119.00 140.00 100.00 0.255 NC : 0.395 0.395 ND : 56.00 63.00 41.00 OH : 129.00 160.00 50.00 OK : 78.00 98.00 58.00 OR : 120.00 124.00 110.00 PA : 130.00 143.00 107.00 0.185 SD : 62.00 63.00 47.00 TN : 0.395 0.395 TX : 0.376 0.372 79.00 125.00 67.00 UT : 95.00 95.00 85.00 VA : WA : 111.00 110.00 115.00 0.158 WI : 102.00 105.00 70.00 WY : 73.00 73.00 67.00 : US : 0.420 0.407 102.00 112.00 73.60 0.163 -------------------------------------------------------------------------------- 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, June 2005, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Apr 2005 1/ : May 2005 1/ : Jun 2005 2/ -------------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars per Pound : 0.431 0.420 0.407 Marketings 3/ : 1,000 Bales : 934 559 NA : : Rice : : Average Price : Dollars per Cwt : 7.06 6.97 7.01 Marketings 4/ : 1,000 Cwt : 15,829 11,565 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, June 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 : CA : 30.40 20.60 23.76 -0.28 18.23 21.39 -2.65 : US : 30.40 20.60 23.76 -0.28 18.23 21.39 -2.65 : Lemons : CA : 37.10 20.01 26.80 0.18 15.58 22.37 -4.25 : US : 37.10 20.01 26.80 0.18 15.58 22.37 -4.25 : Oranges : AZ : Valencia : 5.60 -1.60 -1.60 -4.14 -4.14 CA : 19.80 11.62 12.73 0.34 9.13 10.24 -2.16 Navel and Misc: 23.40 11.79 15.87 0.38 9.28 13.36 -2.13 Valencia : 19.50 11.60 12.44 0.32 9.11 9.95 -2.17 FL : Valencia : 17.50 7.03 9.50 6.90 4.82 7.10 4.70 TX : : US : 19.20 7.65 11.86 6.80 5.40 9.40 4.60 -------------------------------------------------------------------------------- 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, May and June 2005 ------------------------------------------------------------------------------- : : :: : : State : May : Jun :: State : May : Jun : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL : 21.10 :: NC : 5.95 AZ : 13.00 10.80 :: ND - All 1/ : 5.85 5.85 CA - All 1/ : 16.00 14.80 :: - Fresh 3/ : 6.00 NA - Winter 2/ : :: - Processing : 6.20 NA - Spring : 16.60 15.80 :: OH 2/ : - Summer 2/ : :: OR : 7.15 5.70 - Fall : 7.90 8.30 :: PA : 8.90 8.00 CO - All 1/ : 4.25 4.45 :: TX : 11.00 11.60 - Fresh 3/ : 4.35 NA :: VA 2/ : FL : 11.50 12.40 :: WA - All 1/ : 5.15 5.70 ID - All 1/ : 4.45 4.30 :: - Processing : 5.05 NA - Fresh 3/ : 2.80 NA :: WI - All 1/ : 6.15 4.75 - Processing : 4.60 NA :: - Fresh 3/ : 3.40 NA ME : 7.35 7.50 :: - Processing : 7.55 NA MI : 8.75 :: : MN : 4.85 4.40 :: US - All 1/ : 6.72 7.38 NY 2/ : :: - Fresh 3/ : 9.00 NA : :: - Processing : 5.75 NA ------------------------------------------------------------------------------- 1/ Average price of potatoes sold for all uses, including table stocks, processing, seed, and livestock feed. 2/ No potatoes being marketed. 3/ Fresh market prices only, includes table stock prices. Cattle: Prices Received, by State, May and June 2005 -------------------------------------------------------------------------------- : Cows 1/ :Steers & Heifers : Beef Cattle 4/ : Calves State :----------------------------------------------------------------------- : May 2/ : Jun 3/ : May 2/ : Jun 3/ : May 2/ : Jun 3/ : May 2/ : Jun 3/ -------------------------------------------------------------------------------- : Dollars per Cwt : AZ : 60.60 58.30 109.00 106.00 109.00 106.00 130.00 124.00 AR : 53.00 52.50 112.00 116.00 94.30 97.00 136.00 135.00 CA : 55.50 55.40 92.20 89.10 75.30 73.30 128.00 125.00 CO : 59.60 56.60 111.00 110.00 110.00 109.00 141.00 142.00 FL : 54.50 56.50 107.00 104.00 84.70 84.10 137.00 138.00 GA : 58.50 57.60 106.00 103.00 74.70 73.00 135.00 134.00 ID : 58.40 57.20 94.50 90.10 85.80 82.20 134.00 129.00 IL : 56.00 55.00 91.00 85.00 90.30 84.40 128.00 130.00 IA : 60.50 59.00 90.50 84.80 89.90 84.30 142.00 143.00 KS : 58.70 57.70 93.10 90.30 91.70 90.00 149.00 147.00 KY : 55.00 55.00 112.00 109.00 98.30 96.00 133.00 130.00 LA : 55.00 55.00 110.00 105.00 72.10 70.50 129.00 127.00 MI : 56.00 56.00 87.00 85.00 77.70 76.30 135.00 137.00 MN : 61.40 59.00 88.50 84.00 83.40 79.30 144.00 147.00 MO : 57.90 56.60 118.00 119.00 103.00 102.00 142.00 137.00 MT : 61.40 58.80 113.00 105.00 84.10 69.40 140.00 132.00 NE : 62.70 62.20 95.20 91.00 94.20 90.10 148.00 148.00 NM : 59.40 57.90 108.00 107.00 91.50 89.80 136.00 136.00 ND : 62.50 60.00 111.00 110.00 90.10 77.50 139.00 137.00 OH : 55.10 54.00 93.30 89.00 89.50 85.50 127.00 126.00 OK : 57.60 57.00 108.00 109.00 104.00 105.00 140.00 134.00 OR : 53.50 55.00 111.00 110.00 93.80 93.50 128.00 126.00 PA : 57.90 56.30 89.90 84.90 81.60 77.50 127.00 127.00 SD : 61.40 61.10 101.00 101.00 93.90 91.80 135.00 141.00 TN : 58.00 56.00 115.00 113.00 92.20 90.20 134.00 131.00 TX : 55.20 54.40 97.30 93.20 93.50 89.70 144.00 142.00 VA : 58.00 57.00 110.00 109.00 90.20 89.20 132.00 130.00 WI : 58.70 56.80 93.00 84.80 73.10 68.60 176.00 165.00 WY : 61.80 60.00 112.00 110.00 99.50 97.50 140.00 138.00 : US : 58.50 57.30 96.40 93.10 92.40 89.50 141.00 140.00 -------------------------------------------------------------------------------- 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, May and June 2005 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : May 1/ : Jun 2/ : May 1/ : Jun 2/ : May 1/ : Jun 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 42.50 44.70 52.90 46.30 51.90 46.10 IL : 41.50 42.80 58.00 52.50 56.70 51.70 IN : 46.50 48.10 54.20 48.80 53.50 48.70 IA : 44.80 47.40 56.80 53.20 56.70 53.10 KS : 43.30 44.20 53.00 46.70 51.60 46.40 MN : 43.40 44.00 55.60 51.00 55.50 51.00 MO : 42.50 43.80 51.10 45.30 50.60 45.20 NE : 40.50 42.30 56.30 51.40 56.00 51.20 NC : 43.20 45.70 55.20 52.00 55.10 51.90 OH : 42.70 45.00 56.50 53.00 55.50 52.40 OK : 40.90 43.50 49.00 46.00 47.80 45.60 PA : 41.10 43.10 53.00 46.60 51.20 46.10 SD : 41.80 43.20 57.10 51.10 55.40 50.00 : US : 42.60 44.60 55.40 51.30 54.90 51.00 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by State, May and June 2005 -------------------------------------------------------------------------------- : May : June State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 0.210 AR : 0.240 CA : 48.00 103.00 0.290 CO : 38.40 115.00 CT : 0.360 FL : 0.250 GA : 0.249 ID : 43.00 114.00 IN : 0.220 IA : 39.10 114.00 0.180 KY : 45.00 115.00 ME : 0.430 MI : 0.270 MN : 38.00 115.00 0.210 MS : 0.250 MO : 48.50 113.00 0.160 MT : 44.30 125.00 NE : 37.90 113.00 NY : 0.260 NC : 0.210 ND : 44.00 114.00 OH : 41.40 128.00 0.253 OR : 47.50 104.00 PA : 51.30 130.00 0.220 SC : 0.230 SD : 42.20 134.00 TX : 48.00 117.00 0.230 VA : 47.00 125.00 WA : 0.290 WV : 42.80 124.00 WY : 42.80 119.00 : US : 44.50 115.00 0.231 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by State, May and June 2005 -------------------------------------------------------------------------------- : May 1/ : June :------------------------------------------------------------------------ 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 : 14.40 3.53 14.40 3.53 14.10 3.53 CA : 13.60 3.60 14.40 3.90 13.62 3.61 13.50 3.57 CO : 14.50 3.52 14.50 3.52 14.20 3.50 FL : 18.80 3.51 18.80 3.51 17.70 3.52 ID : 14.00 3.57 13.50 3.77 14.00 3.57 14.20 3.52 IL : 15.50 3.61 15.10 3.56 15.50 3.61 15.40 3.60 IN : 15.30 3.58 13.90 3.69 15.20 3.59 15.00 3.56 IA : 15.30 3.65 14.10 3.74 15.30 3.65 15.00 3.60 KS : 13.80 3.49 13.80 3.49 13.20 3.43 KY : 15.80 3.53 15.80 3.53 15.00 3.52 MI : 15.00 3.56 13.40 3.62 15.00 3.56 14.70 3.54 MN : 15.00 3.71 13.40 3.73 15.00 3.71 15.10 3.65 MO : 15.00 3.54 14.00 3.60 15.00 3.54 14.60 3.54 NM : 13.50 3.48 13.50 3.48 13.30 3.46 NY : 15.20 3.62 15.20 3.62 14.80 3.57 OH : 15.40 3.60 14.90 3.72 15.40 3.61 15.00 3.56 OR : 14.50 3.58 14.50 3.58 14.30 3.56 PA : 16.50 3.60 13.60 3.60 16.50 3.60 16.30 3.55 TX : 14.50 3.61 14.50 3.61 14.30 3.61 VT : 15.50 3.70 15.50 3.70 15.10 3.64 VA : 16.00 3.49 16.00 3.49 15.50 3.47 WA : 14.50 3.58 14.50 3.58 14.30 3.56 WI : 15.30 3.69 14.20 3.77 15.30 3.69 15.20 3.64 : US : 14.80 3.60 14.20 3.79 14.80 3.61 14.60 3.57 -------------------------------------------------------------------------------- 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, May and June 2005, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Jun 2004 : May 2005 : Jun 2005 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 32.00 33.45 33.36 Average Price F.O.B 2/ : Dollars per Cwt : 16.80 14.20 14.20 Average Fat Test of Milk 2/ : Percent : 3.70 3.79 3.73 -------------------------------------------------------------------------------- 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 June 2005. United States Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices Based on Data for June 2005, with Comparisons 1/ -------------------------------------------------------------------------------- : : Parity Price : Price as Percent :Adjusted: Based on Data for : of Parity Commodity and Unit : Base :----------------------------------------- : Price : Jun : May : Jun : Jun : May : Jun : : 2004 : 2005 : 2005 : 2004 : 2005 : 2005 -------------------------------------------------------------------------------- :---------- Dollars ---------- ---- Percent ---- : Basic Commodities : All Wheat, Bu : 0.555 10.10 10.30 10.30 35 32 31 Rice, Cwt : 1.38 29.30 25.60 25.60 32 27 27 Corn, Bu : 0.372 6.81 6.91 6.90 41 29 29 Cotton, Lb : American Upland : 0.095 2.03 1.76 1.76 30 24 23 Extra Long Staple : 0.142 2.59 2.64 2.63 Peanuts, Lb : 0.0350 0.665 0.650 0.649 31 27 27 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.97 35.40 36.60 36.50 51 41 40 Honey, Extracted, Lb 3/ : 0.1280 1.89 2.28 2.28 : Wool and Mohair : Wool, Lb : 0.0910 1.58 1.69 1.69 Mohair, Lb : 0.333 6.00 6.18 6.18 : Other Nonbasic : Barley, Bu : 0.377 6.76 7.00 6.99 39 35 34 Cottonseed, Ton :15.50 284.00 288.00 288.00 49 39 39 Dry Edible Beans, Cwt : 2.82 52.50 52.40 52.30 38 61 48 Flaxseed, Bu : 0.753 13.10 14.00 14.00 55 83 65 Oats, Bu : 0.221 3.97 4.10 4.10 41 40 38 Potatoes, Cwt : 0.838 15.30 15.60 15.50 40 43 48 Rye, Bu : 0.355 6.34 6.59 6.59 Sorghum Grain, Cwt : 0.607 11.10 11.30 11.30 41 27 30 Soybeans, Bu : 0.900 16.00 16.70 16.70 57 37 40 Sweetpotatoes, Cwt : 2.31 40.40 42.90 42.90 Apples, Fresh, Lb 4/ : 0.0292 0.532 0.542 0.542 40 41 40 Citrus (equiv on-tree), Box : Grapefruit : 0.394 6.95 7.32 7.31 136 154 249 Lemons : 1.12 19.80 20.80 20.80 75 59 75 Oranges : 0.574 11.10 10.70 10.60 37 47 51 Tangerines : 1.35 25.50 25.10 25.00 61 Temples (FL) : 0.379 8.10 7.04 7.03 Beef Cattle, Cwt : 9.65 172.00 179.00 179.00 52 52 50 Calves, Cwt :13.10 230.00 243.00 243.00 54 58 58 Hogs, Cwt : 5.97 106.00 111.00 111.00 53 49 46 Lambs, Cwt :11.70 203.00 217.00 217.00 53 Sheep, Cwt : 4.72 84.50 87.70 87.60 51 Eggs, Doz 2/ : 0.0940 1.71 1.75 1.74 45 30 27 Turkeys, Live, Lb : 0.0565 1.030 1.050 1.050 40 39 40 -------------------------------------------------------------------------------- --continued Parity Prices Based on Data for June 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) : 0.0528 0.979 Spearmint Oil, Lb : 1.46 27.10 :: Peaches : Tobacco, Lb : :: Fresh, Ton 4/ : 81.57 1,510.00 Flue-Cured, 11-14 : 0.255 4.73 :: Dried, CA, : VA Fire-Cured, 21 : 0.256 4.75 :: Ton : 84.00 1,560.00 KY-TN Fire-Cured, : :: : 22-23 : 0.323 5.99 :: Noncitrus Fruit : Burley, 31 : 0.274 5.08 :: 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 4.47 :: CA, Ton : 33.50 621.00 PA Seedleaf, 41 : 0.205 3.80 :: Pears, Ton : Cigar Filler & : :: Fresh 4/ : 52.90 981.00 Binder, : :: Dried, CA 6/ : 164.00 3,040.00 42-44, 54-55 : 0.225 4.17 :: 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 59.50 :: Prunes and Plums, : : :: Excl CA, Ton : Noncitrus Fruit : :: Fresh 9/ : 58.90 1,090.00 Apples, Ton 6/ : :: Processing 6/ : Processing : 18.30 339.00 :: Excl Dried : 27.50 510.00 Apricots, Ton : :: : Fresh 7/ : 99.00 1,840.00 :: Tree Nuts 10/ : Dried, CA :270.00 5,010.00 :: Almonds, Lb : 0.213 3.95 Avocados, Ton 7/ :234.00 4,340.00 :: Hazelnuts, Ton : 135.00 2,500.00 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 85.30 Other Dried : 70.50 1,310.00 :: Celery 8/ : 1.97 36.50 Kiwifruit, Ton : 91.30 1,690.00 :: Honeydew Melons : 2.75 51.00 Nectarines : :: Lettuce : 2.50 46.40 Fresh, CA, : :: Onions 8/ : 1.65 30.60 Ton 7/ : 62.60 1,160.00 :: Tomatoes : 4.44 82.40 ------------------------------------------------------------------------------- 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 Barley: June 1 to May 31 for U.S.; June 1 to May 31 for Arizona, California, Delaware, Kentucky, Maryland, New Jersey, North Carolina, Pennsylvania, Virginia; August 1 to July 31 for Alaska, Maine; July 1 to June 30 for all other states. Oats: June 1 to May 31 for U.S.; May 1 to April 30 for Georgia and Texas; June 1 to May 31 for North Carolina, Oklahoma, and South Carolina; August 1 to July 31 for Maine and New York; September 1 to August 31 for Alaska; July 1 to June 30 for all other States. Sweet Potatoes: September 1 to August 31 for U.S. and all States. Wheat: June 1 to May 31 for U.S.; May 1 to April 30 for Alabama, Florida, Georgia, Louisiana, Mississippi, and Texas; June 1 to May 31 for Arizona, Arkansas, California, Delaware, Illinois, Indiana, Kansas, Kentucky, Maryland, Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, and Virginia; July 1 to June 30 for all other States. Sweet Potatoes: Marketing Year Average Prices Received, by State and United States, 2002-2004 ------------------------------------------------------------------------------- State : 2002 : 2003 : 2004 1/ ------------------------------------------------------------------------------- : Dollars per Cwt : AL : 14.80 25.50 20.80 CA : 23.10 25.20 25.00 LA : 14.50 20.00 17.70 MS : 16.50 20.80 17.70 NJ : 23.20 25.80 26.30 NC : 14.00 14.50 13.50 SC : 15.20 12.50 15.00 TX : 16.80 19.00 16.80 VA : 14.00 12.20 12.80 : US 1/ : 16.80 19.20 17.50 ------------------------------------------------------------------------------- 1/ Revised. Oats: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 1.95 1.83 1.61 4.2 3.4 6.9 Jul : 1.69 1.46 1.36 24.4 20.2 15.6 Aug : 1.67 1.39 1.32 31.5 29.8 26.2 Sep : 1.80 1.39 1.42 6.5 8.0 11.4 Oct : 1.80 1.44 1.45 3.6 4.4 6.0 Nov : 1.91 1.29 1.51 2.3 2.4 3.1 Dec : 1.95 1.58 1.60 3.5 4.2 3.9 Jan 3/ : 2.04 1.48 1.64 6.4 6.2 5.9 Feb : 2.11 1.58 1.67 6.7 4.2 6.2 Mar : 2.08 1.60 1.73 4.6 5.6 6.4 Apr : 1.98 1.63 1.65 3.5 6.5 5.1 May : 1.95 1.70 1.64 2.8 5.1 3.3 : MYA 1/ : 1.81 1.48 1.48 100.0 100.0 100.0 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices. 3/ Second year. All Barley: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 2.09 2.99 2.63 3.6 2.7 5.7 Jul : 2.14 2.74 2.54 4.2 4.7 6.7 Aug : 2.68 2.91 2.77 14.7 23.6 14.9 Sep : 2.64 2.88 2.43 14.5 14.7 12.1 Oct : 2.64 2.74 2.29 10.1 8.6 7.8 Nov : 2.79 2.83 2.45 8.5 9.0 7.6 Dec : 2.91 2.93 2.49 12.8 10.6 9.6 Jan 3/ : 2.85 2.69 2.41 13.8 7.0 9.7 Feb : 2.87 2.73 2.31 6.8 5.7 8.1 Mar : 2.83 2.77 2.49 5.1 6.8 8.0 Apr : 2.85 2.78 2.26 3.8 3.6 5.9 May : 2.91 2.78 2.46 2.1 3.0 3.9 : MYA 1/ : 2.72 2.83 2.48 100.0 100.0 100.0 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices. 3/ Second year. Malting Barley: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 2.49 3.19 2.79 2.1 3.0 5.9 Jul : 2.49 3.08 2.68 2.7 4.1 6.8 Aug : 2.93 3.12 3.06 16.1 24.1 16.3 Sep : 2.95 3.10 2.91 12.3 15.5 10.7 Oct : 2.89 3.11 2.73 9.5 7.3 6.9 Nov : 3.07 3.03 2.83 8.0 8.8 7.0 Dec : 3.24 3.20 2.74 13.8 10.9 10.7 Jan 3/ : 3.07 2.94 2.73 15.8 7.0 9.9 Feb : 3.06 2.96 2.58 8.1 5.9 8.4 Mar : 3.07 2.97 2.74 5.3 7.4 8.9 Apr : 3.11 3.04 2.76 4.2 3.7 5.0 May : 3.19 3.14 2.90 2.1 2.3 3.5 : MYA 1/ : 3.01 3.08 2.81 100.0 100.0 100.0 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices. 3/ Second year. Feed Barley: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 1.83 2.33 2.20 6.5 2.0 5.1 Jul : 1.88 2.22 2.21 7.1 5.9 6.5 Aug : 2.05 2.39 1.83 11.9 22.5 11.5 Sep : 2.23 2.27 1.64 18.5 12.7 15.2 Oct : 2.26 2.24 1.58 11.5 11.7 9.9 Nov : 2.32 2.43 1.78 9.4 9.5 9.0 Dec : 2.14 2.26 1.66 11.1 9.9 7.3 Jan 3/ : 2.17 2.15 1.65 9.9 7.1 9.3 Feb : 2.20 2.16 1.60 4.4 5.4 7.3 Mar : 2.30 2.19 1.67 4.5 5.5 6.1 Apr : 2.20 2.17 1.56 3.2 3.3 8.1 May : 2.33 2.39 1.71 2.0 4.5 4.7 : MYA 1/ : 2.16 2.29 1.73 100.0 100.0 100.0 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices. 3/ Second year. All Wheat: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 2.92 3.08 3.55 16.3 8.5 10.9 Jul : 3.21 2.95 3.37 22.0 23.4 12.4 Aug : 3.63 3.35 3.27 13.3 12.6 9.0 Sep : 4.21 3.39 3.36 10.5 7.9 11.0 Oct : 4.38 3.44 3.43 5.7 6.6 7.0 Nov : 4.25 3.61 3.46 4.2 7.2 7.8 Dec : 4.06 3.68 3.40 5.9 7.5 8.6 Jan 3/ : 3.89 3.68 3.43 5.4 7.9 9.7 Feb : 3.70 3.77 3.36 3.7 5.4 9.5 Mar : 3.55 3.83 3.42 4.0 6.6 7.1 Apr : 3.37 3.88 3.35 4.0 3.2 3.4 May : 3.33 3.82 3.31 5.0 3.2 3.6 : MYA 1/ : 3.56 3.40 3.40 100.0 100.0 100.0 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices. 3/ Second year. Monthly Prices Received and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Winter Wheat Month :----------------------------------------------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 2.90 2.94 3.46 Jul : 3.19 2.89 3.31 Aug : 3.63 3.28 3.19 Sep : 4.15 3.31 3.26 Oct : 4.32 3.37 3.34 Nov : 4.18 3.56 3.39 Dec : 3.87 3.62 3.34 Jan 2/ : 3.66 3.66 3.28 Feb : 3.52 3.67 3.27 Mar : 3.30 3.76 3.32 Apr : 3.19 3.79 3.27 May : 3.19 3.72 3.23 : MYA 1/ : 3.41 3.27 3.32 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Second year. Monthly Prices Received and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Durum Wheat : Other Spring Wheat Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 3.41 3.99 4.35 2.98 3.45 3.83 Jul : 3.44 3.85 4.09 3.31 3.31 3.55 Aug : 3.54 3.78 3.86 3.66 3.42 3.38 Sep : 4.18 3.95 3.89 4.30 3.42 3.48 Oct : 4.43 3.89 3.87 4.45 3.53 3.50 Nov : 4.52 3.95 3.79 4.26 3.68 3.57 Dec : 4.26 3.95 3.67 4.15 3.72 3.48 Jan 2/ : 4.23 3.96 3.64 4.03 3.67 3.61 Feb : 4.28 4.08 3.72 3.82 3.84 3.49 Mar : 4.14 4.14 3.70 3.72 3.90 3.51 Apr : 3.93 4.19 3.63 3.48 3.94 3.39 May : 3.99 4.21 3.67 3.55 4.01 3.37 : MYA 1/ : 4.05 3.97 3.85 3.82 3.62 3.51 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Second year. Monthly Prices Received and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Hard Red Spring Wheat : Hard Red Winter Wheat Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 2.97 3.46 3.83 2.91 2.88 3.46 Jul : 3.31 3.31 3.54 3.27 2.82 3.34 Aug : 3.66 3.43 3.36 3.69 3.25 3.11 Sep : 4.33 3.42 3.48 4.28 3.23 3.21 Oct : 4.49 3.54 3.50 4.49 3.36 3.25 Nov : 4.28 3.70 3.57 4.23 3.56 3.37 Dec : 4.17 3.73 3.48 3.86 3.64 3.32 Jan 2/ : 4.05 3.68 3.62 3.66 3.66 3.24 Feb : 3.84 3.85 3.49 3.51 3.64 3.25 Mar : 3.79 3.91 3.52 3.32 3.74 3.29 Apr : 3.52 3.94 3.38 3.21 3.76 3.18 May : 3.60 4.02 3.37 3.21 3.67 3.17 : MYA 1/ : 3.83 3.63 3.51 3.43 3.23 3.29 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Second year. Monthly Prices Received and Marketing Year Average Prices, United States, 2002-2003 through 2004-2005 1/ -------------------------------------------------------------------------------- : Soft Red Winter Wheat : White Wheat Month :-----------------------------------:----------------------------------- : 2002-2003 : 2003-2004 : 2004-2005 : 2002-2003 : 2003-2004 : 2004-2005 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 2.82 3.07 3.41 3.18 3.24 3.81 Jul : 3.00 3.02 3.24 3.26 3.20 3.46 Aug : 3.32 3.28 3.04 3.64 3.42 3.52 Sep : 3.63 3.34 2.96 4.05 3.45 3.51 Oct : 3.82 3.27 2.96 4.20 3.42 3.52 Nov : 3.94 3.61 2.93 4.08 3.54 3.54 Dec : 3.67 3.77 2.94 3.92 3.53 3.51 Jan 2/ : 3.50 3.69 3.12 3.73 3.63 3.49 Feb : 3.36 3.70 3.13 3.60 3.73 3.47 Mar : 3.10 3.80 3.32 3.29 3.81 3.50 Apr : 3.05 3.84 3.16 3.14 3.89 3.51 May : 3.18 3.81 3.09 3.13 3.93 3.50 : MYA 1/ : 3.08 3.17 3.21 3.68 3.54 3.52 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of June - May. 2/ Second year. 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 June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 139 (1990-92=100), unchanged from May 2005 but 3.0 percent above June 2004. PRODUCTION INDEX: The June index, at 138, is unchanged from last month but 3.8 percent above last year. Lower prices in June for feeder pigs, LP gas, hay and forages, and feed supplements offset higher prices for diesel fuel, feeder cattle, complete feeds, and nitrogen fertilizers. Feed: The June index, at 117, is the same as May but 10.0 percent below last June. Since May, slightly lower prices for hay and forages and feed supplements offset slightly higher prices for complete feeds, feed concentrates, and feed grains. Livestock and Poultry: The June index for livestock and poultry purchases, at 139, is 0.7 percent lower than last month but 3.7 percent above last year. Since May, lower prices for feeder pigs more than offset higher prices for feeder cattle. The June feeder cattle price, at $118.50 per cwt, is up $1.60 per cwt from the May price. June feeder pigs averaged $128.00 per cwt, down $23.00 per cwt from May. Fertilizer: The June index, at 160, is up 0.6 percent from May and 17 percent more than June a year ago. Since May, higher prices for nitrogen fertilizers and potash and phosphate materials more than offset lower prices for mixed fertilizers. Agricultural Chemicals: The June index, at 120, is unchanged from last month and last June. Fuels: The June index, at 204, is up 0.5 percent from a month earlier and 35 percent above June 2004. Compared with last month, prices are higher for diesel fuel but lower for LP gas and gasoline. Farm Machinery: The June index is 171, unchanged from May but 6.2 percent above last June. Since May, prices are higher for tractors. CONSUMER PRICE INDEX: The May 2005 Consumer Price Index for all urban consumers (CPI-U) decreased 0.1 percent before seasonal adjustment to a level of 194.4 (1982-84=100). This compares with the April index of 194.6. For the 12-month period ending in May, the overall index has increased 2.8 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, June 2005 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2004 : 2005 : 2004 : 2005 Ratios :---------------------------------------------- : Jun : May : Jun : Jun : May : Jun : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1,794 *1,855 1,855 135 139 139 Production : 1,288 *1,339 1,339 133 138 138 Feed : 633 *573 573 130 117 117 Livestock & Poultry : 1,714 *1,789 1,783 134 140 139 Seeds : 1,564 1,694 1,694 158 171 171 Fertilizer : 501 *583 586 137 *159 160 Agricultural Chemicals : 743 *741 742 120 120 120 Fuels : 1,162 *1,566 1,577 151 *203 204 Farm Supplies & Repairs : 972 *1,014 1,014 137 *143 143 Autos & Trucks : 3,021 *3,060 3,058 114 115 115 Farm Machinery : 4,041 *4,291 4,300 161 *171 171 Building Materials : 1,824 *1,912 1,907 134 141 140 Farm Services & Rent : 1,467 *1,495 1,495 Farm Services : 125 127 127 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) : 1,793 *1,856 1,857 133 138 138 Family Living-CPI 3/ : 1,802 *1,846 1,846 141 144 144 : : :---------------------------------------------- Ratio (Received\Paid) : 95 *86 86 Parity Ratio 4/ : 45 *41 41 Parity Ratio Adjusted 5/ : 47 *45 45 PPITW Adjusted for : Productivity 6/ : 1,215 *1,230 1,230 : : :---------------------------------------------- Crop Sector (PPITW) : 135 142 142 Livestock Sector (PPITW) : 134 136 136 : : :---------------------------------------------- Farm Sector (Production) : 136 134 134 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, June 2005 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2004 : 2005 :----------------------------------------------------- : 2004 : 2005 : Jun : May : Jun -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.2 66.4 133 138 138 : Feed : 10.7 10.7 130 117 117 Feed Grains : 1.5 1.5 119 *86 87 Complete Feeds : 5.2 5.2 130 *117 118 Hay/Forages : 1.3 1.3 123 133 128 Concentrates : 1.7 1.7 139 *126 128 Supplements : 0.9 0.9 135 *133 126 Livestock & Poultry : 7.4 7.7 134 140 139 Feeder Cattle : 5.8 6.0 137 138 140 Feeder Pigs : 0.6 0.6 116 *164 139 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 4.3 137 *159 160 Mixed Fertilizer : 1.9 1.9 122 *134 134 Nitrogen : 1.8 1.8 156 *186 188 Potash & Phosphate : 0.6 0.6 124 *156 158 Agricultural Chemicals : 3.7 3.6 120 120 120 Herbicides : 2.4 2.3 113 113 113 Insecticides : 0.9 0.8 141 *139 139 Fungicides/Other : 0.5 0.5 117 120 120 Fuels : 2.7 2.7 151 *203 204 Diesel : 1.5 1.6 143 *219 226 Gasoline : 0.8 0.8 157 *187 184 LP Gas : 0.4 0.4 168 *172 156 Farm Supplies & Repairs : 5.4 5.2 137 *143 143 Supplies : 1.8 1.7 127 *132 132 Repairs : 3.6 3.5 142 148 148 Autos & Trucks : 1.8 1.8 114 115 115 Autos : 0.2 0.2 107 108 108 Trucks : 1.6 1.5 115 116 116 Farm Machinery : 4.0 4.0 161 *171 171 Tractors : 0.9 0.9 147 *155 156 Self-Propelled : 1.6 1.6 167 176 176 Other Machinery : 1.5 1.5 164 *175 175 Building Materials : 3.3 3.6 134 141 140 Farm Services : 12.4 12.4 125 127 127 Custom Rates : 1.3 1.3 125 125 125 Other Services : 11.1 11.1 125 *128 128 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 18.6 141 144 144 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, June 2005 with Comparisons -------------------------------------------------------------------------------- : 2004 : 2005 Feed Price Ratio 1/ :----------------------------- : Jun : May : Jun -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 5.6 *6.9 6.5 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 6.6 *4.5 4.2 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 20.3 *27.6 25.4 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 3.12 *2.95 2.91 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 33.6 *48.4 46.3 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 5.2 *7.0 7.0 -------------------------------------------------------------------------------- * 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, June 2005 with Comparisons -------------------------------------------------------------------------------- : : 2004 : 2005 Commodity : Unit :------------------------------------------- : : Jun : May : Jun -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.520 0.440 0.440 Eggs, Market : Doz : 0.497 0.236 0.231 : : Hogs, All : Cwt : 56.70 *54.90 51.00 Milk, All : Cwt : 18.20 *14.80 14.60 : : Steers and Heifers : Cwt : 93.80 *96.40 93.10 Turkeys, Live : Lb : 0.417 0.411 0.425 : : Corn : Bu : 2.79 *1.99 2.01 Hay, Alfalfa, Baled : Ton : 102.00 116.00 112.00 : : Soybeans : Bu : 9.08 *6.20 6.72 Wheat, All : Bu : 3.55 *3.31 3.17 -------------------------------------------------------------------------------- * Revised. Feeder Livestock: Prices Paid, United States June 2005 with Comparisons -------------------------------------------------------------------------------- : : 2004 : 2005 Commodity : Unit :------------------------------------------- : : Jun : May : Jun -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 116.10 116.90 118.50 Feeder Pigs : Cwt : 107.00 *151.00 128.00 -------------------------------------------------------------------------------- * Revised. 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!! For your convenience, there are several ways to obtain NASS reports, data products, and services: INTERNET ACCESS All NASS reports are available free of charge on the worldwide Internet. For access, connect to the Internet and go to the NASS Home Page at: www.usda.gov/nass/. Select "Today's Reports" or Publications and then Reports Calendar or Publications and then Search, by Title or Subject. E-MAIL SUBSCRIPTION All NASS reports are available by subscription free of charge direct to your e-mail address. Starting with the NASS Home Page at www.usda.gov/nass/, click on Publications, then click on the Subscribe by E-mail button which takes you to the page describing e-mail delivery of reports. Finally, click on Go to the Subscription Page and follow the instructions. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - PRINTED REPORTS OR DATA PRODUCTS CALL OUR TOLL-FREE ORDER DESK: 800-999-6779 (U.S. and Canada) Other areas, please call 703-605-6220 FAX: 703-605-6900 (Visa, MasterCard, check, or money order acceptable for payment.) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ASSISTANCE For assistance with general agricultural statistics or further information about NASS or its products or services, contact the Agricultural Statistics Hotline at 800-727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: nass@nass.usda.gov. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at 202-720-2600 (voice and TDD). To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W, Whitten Building, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or call 202-720-5964 (voice and TDD). USDA is an equal opportunity provider and employer.