Pr 1 (6-06)a Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released June 29, 2006, 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. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Update Alert US Monthly Feed Barley and All Barley prices were revised for June 2005, July 2005, and May 2006 of the 2005-2006 marketing year. US Monthly Feed Barley and All Barley marketing percentages were revised for all months in the 2005-2006 marketing year. US Feed Barley MYA price for the 2005-2006 marketing year was also revised. These changes appear on pages 8, 15, 27, and 28. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX NOTE: The Agricultural Prices 2005 Summary scheduled for release Friday, July 21, 2006 will not be published as a separate report. The data will be available through NASS's home page and Quick Stats (Agricultural Statistics Data Base). June Farm Prices Received Index Increased 3 Points From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in June, at 118, based on 1990-92=100, increased 3 points (2.6 percent) from May. The Crop Index is down 2 points (1.6 percent) but the Livestock Index increased 6 points (5.8 percent). Producers received higher commodity prices for broilers, sweet corn, hogs, and broccoli. Lower prices were received for lettuce, cantaloup, corn, and strawberries. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased average marketings of wheat, grapes, hay, and cantaloup offset decreased marketings of oranges, tomatoes, strawberries, and sweet corn. Preliminary All Farm Products Index is down 1 point (0.8 percent) from June 2005. The Food Commodities Index, at 119, increased 3 points (2.6 percent) from last month but decreased 2 points (1.7 percent) from June 2005. Prices Paid Index Unchanged The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 147 percent of the 1990-92 average. The index is unchanged from May but 6 points (4.3 percent) above June 2005. Lower prices in June for nitrogen fertilizers, hay and forages, complete feeds, and feed grains, were offset by higher prices for LP gas, feeder cattle, self-propelled machinery, and herbicides. Index Summary Table -------------------------------------------------------------------------------- : 2005 : 2006 Index :-------------------------------------------------------------- 1990-92=100 : May : Jun : May : Jun -------------------------------------------------------------------------------- : Prices Received : 119 119 115 118 : Prices Paid : 140 141 147 147 : Ratio 1/ : 85 84 78 80 -------------------------------------------------------------------------------- 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 118 percent of its 1990-92 base, up 2.6 percent from the May index but 0.8 percent below the June 2005 index. ALL CROPS: The June index is 126, down 1.6 percent from May but 5.0 percent above June 2005. From May, index decreases for commercial vegetables, oil-bearing crops, feed grains & hay, and food grains more than offset the index increases for fruits & nuts and potatoes & dry beans. Food Grains: The June index, at 132, is 0.8 percent below the previous month but 22 percent above a year ago. The June all wheat price, at $3.96 per bushel, is down 13 cents from May but up 73 cents from June 2005. Feed Grains & Hay: The June index is 106, down 0.9 percent from last month but 2.9 percent above a year ago. The corn price, at $2.05 per bushel, is down 12 cents from last month but 2 cents above June 2005. The all hay price, at $109 per ton, is $5.00 below May but up $7.00 from last June. Grain sorghum, at $4.12 per cwt, is 11 cents above May and 35 cents above June last year. Oil-Bearing Crops: The June index, at 100, is down 2.0 percent from May and 16 percent lower than June 2005. The soybean price, at $5.57 per bushel, decreased 11 cents from May and is $1.01 below June 2005. Cotton: The June index, at 77, is unchanged from May but 12 percent above last year. The June price, at 46.9 cents per pound, is up 0.1 cent from the previous month and 5.0 cents above last June. Potatoes & Dry Beans: The June index, at 140, is up 4.5 percent from last month and 5.3 percent above June 2005. The all potato price, at $8.50 per cwt, is up 45 cents from May and up $2.21 from last June. The all dry bean price, at $18.50 per cwt, is down 90 cents from the previous month and $9.20 below June 2005. Fruits & Nuts: The June index, at 177, is up 26 percent from May and 24 percent higher than a year ago. Price increases for grapes, oranges, apples, and peaches more than offset a price decrease for strawberries. Commercial Vegetables: The June index, at 134, is down 16 percent from last month and 4.3 percent below June 2005. Price decreases during June for lettuce and cantaloup more than offset price increases for sweet corn and broccoli. LIVESTOCK & PRODUCTS: The June index, at 110, is 5.8 percent above last month but down 6.0 percent from June 2005. Compared with a year ago, prices are higher for hogs, eggs, and turkeys but lower for milk, broilers, cattle, and calves. Meat Animals: The June index, at 116, is up 3.6 percent from last month but 2.5 percent lower than last year. The June hog price, at $53.20 per cwt, is up $5.00 from May and $3.70 higher than a year ago. The June beef cattle price of $84.00 per cwt is up $1.80 from last month but $4.00 lower than June 2005. Dairy Products: The June index, at 93, is up 1.1 percent from a month ago but 15 percent lower than June last year. The June all milk price of $12.10 per cwt is up 10 cents from last month but down $2.30 from June 2005. The fluid grade and manufacturing grade milk prices are up 10 cents from the previous month. Poultry & Eggs: The June index, at 116, is up 15 percent from May but 5.7 percent below a year ago. June market egg price, at 37.0 cents per dozen, increased 13.9 cents from May and is 13.0 cents above June 2005. The June broiler price, at 39.0 cents per pound, is up 5.0 cents from May but 5.0 cents below a year ago. The June turkey price, averaging 45.8 cents per pound, is up 2.1 cents from the previous month and up 3.7 cents from a year earlier. Table of Contents U.S. Prices Received and IndexesPage 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, continuedPage Cotton, Upland . . . . . . . . 17 Cottonseed . . . . . . . . . . 17 Eggs . . . . . . . . . . . . 22 Flaxseed . . . . . . . . . . . 16 Grain Sorghum . . . . . . . . 15 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 Soybeans . . . . . . . . . . . 15 Sunflower, All . . . . . . . . 16 Wheat, All Classes . . . . . . 14 Prices Received Special FeaturesPage 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 RatiosPage 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 2006, with Comparisons -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2005 : 2006 : 2005 : 2006 :Average :--------------------------------------------- :1990-92 : Jun : May : Jun : Jun : May : Jun -------------------------------------------------------------------------------- : All Farm Products : 639 755 *729 747 119 *115 118 : All Crops : 500 594 *630 623 120 *128 126 Food Grains : 325 344 *422 420 108 *133 132 Feed Grains & Hay : 363 369 *384 380 103 107 106 Cotton : 517 354 *396 396 69 *77 77 Tobacco 1/ : 1,263 Oil-Bearing Crops : 554 649 *556 547 119 *102 100 Fruits & Nuts : 716 999 *983 1,239 143 *141 177 Commercial Vegetables : 698 938 *1,067 897 140 *160 134 Potatoes & Dry Beans : 540 675 *678 707 133 *134 140 Other Crops : 493 578 586 586 117 119 119 : Livestock & Products : 768 901 *799 846 117 104 110 Meat Animals : 1,021 1,205 *1,134 1,176 119 *112 116 Dairy Products : 799 885 737 744 110 92 93 Poultry & Eggs : 282 345 270 311 123 101 116 : Food Commodities : 121 *116 119 -------------------------------------------------------------------------------- * Revised. 1/ Monthly prices discontinued July 2005. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Month, United States, 2005 and 2006 -------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :---------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :---------------------------------------------------------------- :2005 :2006 :2005 : 2006 : 2005 :2006 : 2005 :2006 : 2005 : 2006 -------------------------------------------------------------------------------- Jan : 111 113 102 108 121 118 137 146 134 145 Feb : 114 114 107 114 119 114 137 146 134 144 Mar : 119 114 116 118 121 110 139 146 136 144 Apr : 121 113 120 123 122 105 140 146 138 146 May : 119 115 116 128 121 104 140 147 138 146 Jun : 119 118 120 126 117 110 141 147 140 146 Jul : 117 116 117 141 140 Aug : 116 115 117 141 141 Sep : 116 111 122 143 142 Oct : 111 103 122 145 145 Nov : 113 105 121 143 143 Dec : 115 110 120 144 143 -------------------------------------------------------------------------------- Prices Received, United States, June 2006, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : Jun : May : Jun : : : 2005 : 2006 : 2006 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 2.54 2.97 2.77 Feed : Bu : 1.90 1.91 2.45 2.25 Malting : Bu : 2.43 2.88 3.11 2.98 Beans, Dry Edible : Cwt: 19.10 27.70 19.40 18.50 Chickpeas, All : Cwt: 36.20 24.70 5/ Large : Cwt: 36.60 4/ 5/ Small : Cwt: 4/ 21.80 5/ Corn : Bu : 2.30 2.03 2.17 2.05 Cotton, Upland : Lb : 0.606 0.419 0.468 0.469 Cottonseed 3/ : Ton: 96.00 : : Flaxseed : Bu : 4.27 11.20 5.58 5.55 Hay, All, Baled 1/ : Ton: 76.30 102.00 114.00 109.00 Alfalfa 1/ : Ton: 77.20 112.00 118.00 115.00 Other 1/ : Ton: 60.00 73.60 96.80 90.10 Lentils : Cwt: 12.10 9.77 9.41 Oats : Bu : 1.22 1.75 1.85 1.75 Peanuts, In-Shell : Lb : 0.304 0.176 0.173 0.176 Peas, Dry Edible : Cwt: 5.39 6.14 5.05 Austrian Winter : Cwt: 9.40 5/ 5/ Potatoes : Cwt: 5.82 6.29 8.05 8.50 : : Rice, Rough : Cwt: 7.07 6.96 7.96 8.05 Sorghum Grain : Cwt: 3.75 3.77 4.01 4.12 Soybeans : Bu : 5.61 6.58 5.68 5.57 Sunflower, All : Cwt: 9.50 15.20 11.80 11.80 Tobacco, Types 11-37 6/: Lb : 1.740 5/ : : Wheat, All : Bu : 2.96 3.23 4.09 3.96 Winter : Bu : 2.93 3.15 4.06 3.92 Durum : Bu : 2.86 3.67 3.94 3.95 Other Spring : Bu : 3.11 3.51 4.18 4.09 Hard Red Winter : Bu : 3.12 4.40 Soft Red Winter : Bu : 3.27 3.56 Hard Red Spring : Bu : 3.51 4.28 White : Bu : 3.24 3.45 3.23 : : Fruit : : : : Citrus, Equiv on-tree : : Grapefruit : Box: 5.77 18.06 11.96 14.42 Lemons : Box: 10.10 20.08 10.75 15.99 Oranges : Box: 5.79 5.43 6.81 8.21 Tangelos 5/ : Box: 5.82 Tangerines : Box: 15.11 5/ 6.23 5/ Temples 5/ : Box: 6.23 : : Noncitrus, Fresh : : Apples 2/ : Lb : 0.212 0.162 0.238 0.275 Grapes 2/ : Ton: 506.00 980.00 5/ 2,270.00 Peaches 2/ : Ton: 432.00 596.00 5/ 819.00 Pears 2/ : Ton: 370.00 5/ 470.00 556.00 Strawberries : Cwt: 56.00 56.40 61.80 54.80 -------------------------------------------------------------------------------- 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. 6/ Monthly price estimates discontinued beginning in July 2005. Prices Received, United States, June 2006, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jun : May : Jun : : : 2005 : 2006 : 2006 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 82.30 111.00 98.30 Broccoli : Cwt : 22.50 39.70 29.00 52.10 Cantaloupes 2/ : Cwt : 16.70 29.20 22.30 Carrots : Cwt : 13.20 21.30 20.80 21.40 Cauliflower : Cwt : 26.80 38.10 27.10 32.30 Celery : Cwt : 11.60 9.62 12.70 10.70 Corn, Sweet : Cwt : 15.70 22.60 16.20 27.10 Cucumbers 2/ : Cwt : 26.90 21.50 Lettuce : Cwt : 11.90 17.30 33.70 12.20 Onions : Cwt : 12.80 17.80 13.40 12.80 Snap Beans 2/ : Cwt : 38.10 40.30 30.00 Tomatoes : Cwt : 32.30 40.00 31.10 32.90 : : Livestock : : : : Calves : Cwt : 94.30 140.00 132.00 132.00 Cattle, All Beef : Cwt : 72.90 88.00 82.20 84.00 Cows 3/ : Cwt : 49.60 56.80 47.50 46.10 Steers & Heifers : Cwt : 77.10 91.50 86.50 88.40 Milk Cows 4/ : Head: 1,130.00 : : Hogs, All : Cwt : 47.70 49.50 48.20 53.20 Barrows & Gilts : Cwt : 48.40 49.90 48.90 54.20 Sows : Cwt : 39.50 43.40 30.20 31.80 : : Lambs : Cwt : 56.20 114.00 88.90 Sheep : Cwt : 23.40 41.20 33.20 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 14.40 12.00 12.10 Fluid Grade 6/ : Cwt : 13.10 14.40 12.00 12.10 Mfg Grade 6/ : Cwt : 11.80 14.00 11.30 11.40 : : Broilers, Live 7/ : Lb : 0.317 0.440 0.340 0.390 Eggs, All 8/ : Doz : 0.643 0.452 0.439 0.563 Market 8/ : Doz : 0.546 0.240 0.231 0.370 Turkeys, live 7/ 8/: Lb : 0.380 0.421 0.437 0.458 : : Adjusted for Seasonal : : Variation : : Eggs, All : Doz : 0.545 0.471 0.516 0.599 Milk, All 5/ : Cwt : 9.71 14.40 12.12 11.98 -------------------------------------------------------------------------------- 1/ Beginning January 2006, point of first sale. F.O.B. shipping point for prior years. 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 2006 Fat test percent: all milk 3.58, fluid milk 3.58, mfg grade 3.80. 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 2006 -------------------------------------------------------------------------------- : 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 : 3.68 3.45 3.68 3.45 CA : 4.60 4.51 4.78 4.48 3/ 3/ CO : 4.26 4.28 4.25 4.28 3/ 3/ ID : 3.32 3.30 3.18 3.20 3/ 3/ 3.62 3.50 IL : 3.77 3.50 3.77 3.50 IN : 3.43 2.92 3.43 2.92 KS : 4.38 4.27 4.38 4.27 MI : 3.39 3.00 3.39 3.00 MN : 4.04 4.00 3/ 3/ 4.04 4.00 MO : 3.47 3.20 3.47 3.20 MT : 4.25 4.27 4.02 4.23 3.59 3.80 4.54 4.37 NE : 4.13 4.10 4.13 4.10 ND : 3.93 3.97 3.27 3.35 3.54 3.75 4.08 4.05 OH : 3.35 2.88 3.35 2.88 OK : 4.60 4.40 4.60 4.40 OR : 3.45 3.49 3.40 3.45 3.78 3.75 SD : 4.18 4.22 4.10 4.24 4.24 4.21 TX : 4.61 4.39 4.61 4.39 WA : 3.29 3.29 3.25 3.28 3.49 3.34 : US : 4.09 3.96 4.06 3.92 3.94 3.95 4.18 4.09 -------------------------------------------------------------------------------- 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, 2005 and 2006 1/ -------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 2/ : All Hogs Month :----------------------------------------------------------------------- : 2005 : 2006 : 2005 : 2006 : 2005 : 2006 : 2005 : 2006 : 2005 : 2006 -------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ------- Dollars per ------- : ----------- Cwt ----------- : Jan : 3.43 3.52 2.12 2.00 5.57 5.88 89.10 95.10 53.00 40.70 Feb : 3.36 3.66 1.95 2.02 5.42 5.67 88.80 92.40 50.70 42.60 Mar : 3.42 3.79 2.02 2.06 5.95 5.57 91.00 88.10 51.20 42.80 Apr : 3.35 3.81 2.00 2.11 6.03 5.52 93.70 84.80 51.10 41.30 May : 3.31 4.09 1.98 2.17 6.21 5.68 92.10 82.20 54.90 48.20 Jun : 3.23 3.96 2.03 2.05 6.58 5.57 88.00 84.00 49.50 53.20 Jul : 3.20 2.11 6.65 85.00 49.80 Aug : 3.24 1.95 6.15 84.40 51.00 Sep : 3.36 1.90 5.77 88.00 49.40 Oct : 3.43 1.82 5.67 90.40 47.00 Nov : 3.45 1.77 5.62 90.80 43.50 Dec : 3.53 1.92 5.77 93.30 44.30 -------------------------------------------------------------------------------- 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 State, May and June 2006 -------------------------------------------------------------------------------- :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 : 5.88 5.85 5/ 5/ CA : 2.88 4/ 5/ 5/ CO : 4/ 4/ 2.34 2.30 ID : 3.14 3.18 IL : 2.26 2.20 4/ 4/ 5.83 5.80 4.47 4.40 IN : 2.26 2.15 5.83 5.75 IA : 2.08 2.00 1.88 1.90 5.60 5.50 KS : 2.17 2.14 1.77 1.60 5.45 5.34 3.76 3.58 KY : 2.46 2.30 5.88 5.75 LA : 5.85 5.77 MI : 2.16 2.05 2.00 2.00 5.72 5.60 MN : 4/ 2.16 1.95 1.86 1.59 1.59 5.51 5.41 MS : 5.82 5.75 MO : 2.25 2.20 5.72 5.70 4.19 4.10 MT : 3.21 3.32 1.45 5/ NE : 2.08 2.00 1.83 1.85 5.45 5.40 3.84 3.75 NY : 1.87 1.87 NC : 2.59 2.56 5.87 5.83 ND : 2.28 2.31 1.94 1.90 1.68 1.65 5.22 5.15 OH : 2.26 2.14 5/ 5/ 5.78 5.77 OK : 3.88 3.70 OR : 2.25 2.25 4/ 4/ PA : 2.60 2.60 2.85 2.85 SD : 2.11 4/ 1.92 1.82 1.72 1.68 5.42 5.31 TN : 2.46 2.40 5.80 5.75 TX : 2.62 2.48 5/ 5/ 4.54 4.54 UT : 2.20 2.10 WA : 2.54 4/ WI : 2.07 2.00 1.71 1.65 5.42 5.35 WY : 3.11 1.68 : US : 2.97 2.77 2.17 2.05 1.85 1.75 5.68 5.57 4.01 4.12 -------------------------------------------------------------------------------- 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 2006 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : May 1/ : Jun 2/ : May 1/ : Jun 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 3.28 3.30 2.11 2.05 MN : 3/ 3/ 1.44 1.44 MT : 3.29 3.42 1.70 1.51 ND : 2.40 2.55 1.62 1.60 SD : 3/ 3/ 3/ 4/ WY : 3/ 4/ 1.68 1.68 -------------------------------------------------------------------------------- 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 2006 -------------------------------------------------------------------------------- : Dry Edible : All : : : Beans : Sunflower : Flaxseed : Peanuts 4/ State :--------------------------------------------------------------- :May 1/ :Jun 2/ :May 1/ :Jun 2/ :May 1/ :Jun 2/ :May 1/ :Jun 3/ -------------------------------------------------------------------------------- : -------- Dollars per -------- Dollars per Dollars per : ------------ Cwt ------------ --- Bushel -- --- Pound --- : AL : 0.164 0.160 CA : 42.30 5/ CO : 18.40 18.90 FL : 0.166 0.169 GA : 0.166 0.168 ID : 21.40 18.00 IN : KS : 9.64 9.98 KY : MD : MI : 20.80 23.00 MN : 13.60 13.50 18.60 18.30 MO : NE : 17.10 17.10 NC : 0.209 5/ ND : 14.00 13.90 12.60 12.40 5.58 5.55 OH : OK : SC : SD : 10.40 10.40 6/ 6/ TN : TX : 0.171 0.184 VA : 0.187 5/ WV : : US : 19.40 18.50 11.80 11.80 5.58 5.55 0.173 0.176 -------------------------------------------------------------------------------- 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 2006 -------------------------------------------------------------------------------- : : 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 : 0.455 0.455 AZ : 6/ 6/ 135.00 135.00 130.00 AR : 0.455 0.455 CA : 0.600 7/ 117.00 121.00 99.00 CO : 120.00 120.00 115.00 GA : 0.462 0.469 ID : 117.00 118.00 87.00 IL : 93.00 97.00 76.00 IA : 77.00 80.00 57.00 KS : 97.00 101.00 65.00 KY : 78.00 115.00 70.00 LA : 0.455 0.463 MI : 89.00 95.00 75.00 0.190 MN : 71.00 76.00 53.00 MS : 0.455 0.457 MO : 70.00 113.00 57.00 MT : 66.00 65.00 74.00 NE : 67.00 68.00 58.00 NV : 120.00 121.00 108.00 NM : 157.00 160.00 132.00 NY : 128.00 155.00 105.00 0.228 NC : 0.455 0.455 ND : 49.00 53.00 40.00 OH : 115.00 133.00 68.00 OK : 103.00 125.00 80.00 OR : 126.00 129.00 120.00 PA : 147.00 172.00 133.00 SD : 65.00 66.00 56.00 TN : 0.454 0.455 TX : 0.454 0.454 116.00 150.00 104.00 UT : 99.00 99.00 87.00 VA : WA : 121.00 120.00 125.00 0.279 WI : 88.00 90.00 65.00 WY : 79.00 79.00 75.00 : US : 0.468 0.469 109.00 115.00 90.10 0.275 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on sales during the first half of the month. 3/ Mid-month. 4/ Equivalent packinghouse-door returns for CA, MI, 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. 7/ Insufficient sales to establish a price. Upland Cotton and Rice: Prices Received and Marketings, United States, June 2006, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Apr 2006 1/ : May 2006 1/ : Jun 2006 2/ -------------------------------------------------------------------------------- : : Cotton, Upland : : Average Price : Dollars per Pound : 0.486 0.468 0.469 Marketings 3/ : 1,000 Bales : 516 658 NA : : Rice : : Average Price : Dollars per Cwt : 8.19 7.96 8.05 Marketings 4/ : 1,000 Cwt : 13,026 12,981 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 2006 -------------------------------------------------------------------------------- : : 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 : 23.40 16.63 16.63 14.21 14.21 CA : 25.90 16.84 19.13 -0.29 14.42 16.71 -2.71 : US : 25.90 16.84 19.10 -0.29 14.42 16.68 -2.71 : Lemons : CA : 38.70 20.51 28.19 -0.40 15.99 23.67 -4.92 : US : 38.70 20.51 28.19 -0.40 15.99 23.67 -4.92 : Oranges : AZ : Valencia : 18.20 10.86 10.86 8.27 8.27 : CA : 25.10 13.80 17.65 0.33 11.22 15.07 -2.24 Navel and Misc: 30.80 16.36 23.12 0.37 13.80 20.56 -2.19 Valencia : 21.20 11.67 13.86 0.28 9.08 11.27 -2.31 : FL : Valencia : 18.00 9.50 9.40 9.50 7.24 7.00 7.25 : US : 24.10 10.55 16.51 8.86 8.21 13.96 6.59 -------------------------------------------------------------------------------- 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 2006 1/ ------------------------------------------------------------------------------- : : :: : : State : May : Jun :: State : May : Jun : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: NC : AZ : 14.00 14.00 :: ND - All 2/ : 7.75 7.05 CA - All 2/ : 17.30 16.10 :: - Fresh 3/ : 13.30 NA - Winter : :: - Processing : 6.55 NA - Spring : 17.90 16.10 :: OH 4/ : - Summer : :: OR : 7.05 6.75 - Fall : 8.20 :: PA 4/ : CO - All 2/ : 8.20 8.20 :: TX : 13.50 13.50 - Fresh 3/ : 9.15 NA :: VA : 17.80 FL : 11.10 11.40 :: WA - All 2/ : 6.40 6.50 ID - All 2/ : 6.50 6.15 :: - Processing : 5.80 NA - Fresh 3/ : 7.10 NA :: WI - All 2/ : 8.45 - Processing : 5.40 NA :: - Fresh 3/ : 8.10 ME : 8.95 8.35 :: - Processing : 8.70 MI : 10.90 :: : MN : 5.80 5.25 :: US - All 2/ : 8.05 8.50 NY : :: - Fresh 3/ : 11.68 NA : :: - Processing : 6.32 NA ------------------------------------------------------------------------------- 1/ Missing data indicates 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. 4/ Estimates discontinued in 2005. Cattle: Prices Received, by State, May and June 2006 -------------------------------------------------------------------------------- : 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 : 43.50 40.70 106.00 105.00 88.50 87.00 126.00 125.00 AR : 45.40 42.70 106.00 107.00 87.80 87.70 125.00 124.00 CA : 44.70 43.00 84.00 85.60 64.70 65.20 118.00 118.00 CO : 48.20 47.70 101.00 104.00 100.00 103.00 120.00 126.00 FL : 47.60 48.30 98.20 98.60 74.00 76.60 123.00 122.00 GA : 50.10 48.40 96.00 97.70 65.70 65.20 124.00 123.00 ID : 45.60 43.70 83.50 83.10 74.40 73.60 123.00 119.00 IL : 45.00 45.00 81.00 82.00 80.30 81.30 123.00 120.00 IA : 49.00 46.00 82.50 82.00 81.80 81.30 125.00 124.00 KS : 48.30 46.20 83.40 85.00 82.00 84.60 133.00 133.00 KY : 48.00 48.00 101.00 106.00 88.30 92.10 124.00 126.00 LA : 45.10 42.00 102.00 100.00 62.70 60.00 118.00 116.00 MI : 50.00 50.00 79.00 79.00 70.30 70.30 138.00 134.00 MN : 51.00 50.50 78.90 78.50 73.90 73.50 136.00 138.00 MO : 48.90 47.60 109.00 110.00 94.00 92.50 130.00 132.00 MT : 49.80 48.10 98.80 97.10 66.50 58.40 126.00 127.00 NE : 47.40 46.50 84.70 86.20 83.60 85.00 128.00 133.00 NM : 43.80 42.30 104.00 106.00 83.50 83.70 125.00 127.00 ND : 51.10 50.00 99.30 98.00 83.90 69.20 123.00 123.00 OH : 47.50 48.00 84.70 87.00 81.00 83.10 124.00 120.00 OK : 47.10 44.60 98.00 105.00 92.40 98.40 128.00 126.00 OR : 44.00 44.00 103.00 100.00 85.30 83.20 120.00 118.00 PA : 50.00 49.50 80.10 81.40 72.30 73.10 139.00 140.00 SD : 48.60 47.40 89.60 90.90 82.20 80.90 124.00 129.00 TN : 48.00 46.00 104.00 108.00 81.60 83.20 120.00 121.00 TX : 43.80 41.10 88.10 91.30 84.10 86.80 135.00 134.00 VA : 44.40 45.30 92.80 96.50 74.40 77.00 117.00 118.00 WI : 49.50 48.70 82.00 81.80 63.20 62.60 165.00 165.00 WY : 47.60 47.00 105.00 105.00 88.90 90.50 133.00 133.00 : US : 47.50 46.10 86.50 88.40 82.20 84.00 132.00 132.00 -------------------------------------------------------------------------------- 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 2006 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : May 1/ : Jun 2/ : May 1/ : Jun 2/ : May 1/ : Jun 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 30.40 31.30 45.00 50.40 43.50 48.50 IL : 28.20 29.00 51.00 57.00 49.20 54.80 IN : 34.50 35.10 47.70 52.10 46.60 50.70 IA : 32.00 33.90 50.50 55.00 50.30 54.60 KS : 30.40 32.80 47.40 52.60 45.20 50.00 MN : 30.50 33.00 49.40 55.00 49.20 54.80 MO : 28.50 30.30 44.00 48.30 43.10 47.00 NE : 32.00 34.00 49.90 54.40 49.50 54.00 NC : 30.40 32.70 49.20 55.80 49.00 55.60 OH : 32.20 34.00 44.60 51.00 43.90 50.00 OK : 28.30 29.50 42.90 47.20 40.70 44.50 PA : 29.00 29.80 44.50 49.30 42.20 46.40 SD : 30.20 32.00 50.40 56.30 48.20 52.90 : US : 30.20 31.80 48.90 54.20 48.20 53.20 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by State, May and June 2006 -------------------------------------------------------------------------------- : May : June State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 0.400 AR : 0.390 CA : 30.50 72.00 0.470 CO : 34.00 95.00 CT : 0.460 FL : 0.450 GA : 0.385 ID : 31.00 82.00 IN : 0.340 IA : 36.50 85.00 0.300 KY : 37.00 94.00 ME : 0.520 MI : 0.360 MN : 30.00 90.80 0.380 MS : 0.370 MO : 33.30 102.00 0.310 MT : 28.20 85.20 NE : 32.00 96.60 NY : 0.400 NC : 0.330 ND : 38.00 92.00 OH : 32.90 98.20 0.428 OR : 35.00 86.00 PA : 44.40 104.00 0.350 SC : 0.360 SD : 29.90 99.00 TX : 35.00 91.10 0.330 VA : 40.00 107.00 WA : 0.440 WV : 34.00 108.00 WY : 29.90 86.00 : US : 33.20 88.90 0.370 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by State, May and June 2006 -------------------------------------------------------------------------------- : 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 : 11.70 3.50 11.70 3.50 11.70 3.52 CA : 10.90 3.63 11.60 4.10 10.92 3.64 10.90 3.58 CO : 12.00 3.51 12.00 3.51 12.10 3.47 FL : 15.10 3.58 15.10 3.58 14.80 3.57 ID : 10.90 3.55 10.40 3.70 10.90 3.55 11.30 3.51 IL : 13.20 3.71 12.60 3.59 13.20 3.71 13.50 3.70 IN : 12.00 3.64 10.90 3.62 11.90 3.64 12.10 3.59 IA : 12.50 3.66 11.30 3.80 12.50 3.66 12.80 3.62 KS : 11.50 3.58 11.50 3.58 11.60 3.55 KY : 13.00 3.59 13.00 3.59 12.90 3.58 MI : 12.20 3.58 10.80 3.66 12.20 3.58 12.20 3.53 MN : 12.10 3.69 10.10 3.72 12.00 3.69 12.30 3.62 MO : 12.30 3.59 11.00 3.65 12.20 3.59 12.20 3.54 NM : 11.00 3.52 11.00 3.52 11.60 3.47 NY : 12.40 3.67 12.40 3.67 12.20 3.61 OH : 12.90 3.64 11.80 3.75 12.90 3.64 12.60 3.55 OR : 14.10 3.62 14.10 3.62 14.20 3.58 PA : 13.50 3.65 10.90 3.75 13.50 3.65 13.50 3.60 TX : 12.00 3.65 12.00 3.65 12.00 3.65 VT : 12.80 3.70 12.80 3.70 12.70 3.63 VA : 14.00 3.54 14.00 3.54 13.70 3.50 WA : 11.60 3.62 11.60 3.62 11.60 3.58 WI : 12.30 3.68 11.20 3.77 12.30 3.68 12.50 3.63 : US : 12.00 3.63 11.30 3.87 12.00 3.63 12.10 3.58 -------------------------------------------------------------------------------- 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 Grade Milk 1/: United States, May and June 2006, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Jun 2005 : May 2006 : Jun 2006 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 33.36 35.14 35.32 Average Price F.O.B 2/ : Dollars per Cwt : 14.00 11.30 11.40 Average Fat Test of Milk 2/ : Percent : 3.69 3.87 3.80 -------------------------------------------------------------------------------- 1/ The parity price equivalent during 2006 is 91.5 percent of the parity price of all milk sold to plants, compared with 91.4 percent in 2005. For additional details, see January 2006 issue of "Agricultural Prices". 2/ Preliminary for June 2006. Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices, United States, with Comparisons 1/ -------------------------------------------------------------------------------- : : Parity Price : Price as Percent :Adjusted: : of Parity Commodity and Unit : Base :----------------------------------------- : Price : Jun : May : Jun : Jun : May : Jun : : 2005 : 2006 : 2006 : 2005 : 2006 : 2006 -------------------------------------------------------------------------------- : ---------- Dollars --------- ---- Percent ---- : Basic Commodities : All Wheat, Bu : 0.535 10.30 10.40 10.50 31 39 38 Rice, Cwt : 1.45 25.60 28.30 28.40 27 28 28 Corn, Bu : 0.398 6.90 7.76 7.80 29 28 26 Cotton, Lb : American Upland : 0.117 1.76 2.28 2.29 24 21 20 Extra Long Staple : 0.138 2.63 2.69 2.70 Peanuts, Lb : 0.035 0.649 0.683 0.686 27 25 26 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.97 36.50 38.40 38.60 39 31 31 Honey, Extracted, Lb 3/ : 0.121 2.28 2.28 2.28 : Wool and Mohair : Wool, Lb : 0.083 1.69 1.62 1.63 Mohair, Lb : 0.339 6.18 6.61 6.64 : Other Nonbasic : Barley, Bu : 0.372 6.99 7.25 7.29 36 41 38 Canola, Cwt : 1.38 29.10 26.90 27.00 Cottonseed, Ton : 15.40 288.00 300.00 302.00 39 33 33 Dry Edible Beans, Cwt : 2.81 52.30 54.80 55.00 53 35 34 Flaxseed, Bu : 0.795 14.00 15.50 15.60 80 36 36 Mustard Seed, Cwt : 1.96 39.30 38.20 38.40 Oats, Bu : 0.221 4.10 4.31 4.33 43 43 40 Potatoes, Cwt : 0.823 15.50 16.00 16.10 41 50 53 Rapeseed, Cwt : 1.61 32.30 31.40 31.50 Rye, Bu : 0.355 6.59 6.92 6.95 Safflower, Cwt : 1.86 38.40 36.30 36.40 Sorghum Grain, Cwt : 0.617 11.30 12.00 12.10 33 33 34 Soybeans, Bu : 0.880 16.70 17.20 17.20 39 33 32 All Sunflower, Cwt : 1.68 31.20 32.70 32.80 49 36 36 Sweetpotatoes, Cwt : 2.33 42.90 45.40 45.60 Apples, Fresh, Lb 4/ : 0.027 0.542 0.527 0.529 23 42 41 Citrus (equiv on-tree), Box : Grapefruit : 0.541 7.31 10.50 10.60 247 114 136 Lemons : 1.16 20.80 22.60 22.70 97 48 70 Oranges : 0.591 10.60 11.50 11.60 51 59 71 Tangerines : 1.390 25.00 27.10 27.20 23 Temples (FL) : 0.394 7.03 7.68 7.72 Beef Cattle, Cwt : 9.87 179.00 192.00 193.00 49 43 44 Calves, Cwt : 13.70 243.00 267.00 268.00 58 49 49 Hogs, Cwt : 5.99 111.00 117.00 117.00 45 41 45 Lambs, Cwt : 11.90 217.00 232.00 233.00 53 38 Sheep, Cwt : 4.89 87.60 95.40 95.80 47 35 Eggs, Doz 2/ : 0.091 1.74 1.77 1.78 27 29 34 Turkeys, Live, Lb : 0.056 1.050 1.090 1.100 40 40 42 -------------------------------------------------------------------------------- 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. Parity Prices for Farm Products, June 2006, United States 1/ ------------------------------------------------------------------------------- Other Nonbasic :Adjusted:Parity :: Other Nonbasic :Adjusted:Parity Commodities : Base : Price :: Commodities : Base : Price : Price : :: : Price : ------------------------------------------------------------------------------- :Dollars Dollars:: :Dollars Dollars : :: : Field Crops and : :: Noncitrus Fruit, : Misc Commodities : :: Continued : Hops, Lb : 0.247 4.84 :: Olives, CA : Spearmint Oil, Lb : 1.44 28.20 :: canning, Ton 3/ : 92.30 1,810.00 Tobacco, Lb : :: Papayas (HI) : 0.051 0.999 Flue-Cured, 11-14 : 0.247 4.84 :: Peaches : VA Fire-Cured, 21 : 0.258 5.05 :: Fresh, Ton 2/ : 83.09 1,630.00 KY-TN Fire-Cured, : :: Dried, CA, : 22-23 : 0.323 6.33 :: Ton : 77.00 1,510.00 Burley, 31 : 0.266 5.21 :: Processing 3/ : Maryland, 32 : 0.202 3.96 :: Excl Dried : Dark Air-Cured, : :: Clingstone, : 35-36 : 0.285 5.58 :: CA, Ton : 33.40 654.00 Sun-Cured, 37 : 0.237 4.64 :: Pears, Ton : PA Seedleaf, 41 : 0.201 3.94 :: Fresh 2/ : 54.50 1,070.00 Cigar Filler & : :: Dried, CA 4/ : 171.00 3,350.00 Binder, : :: Plums, CA, Ton : 42-44, 54-55 : 0.222 4.35 :: Fresh, Equiv : Puerto Rican : :: on-Tree : 60.10 1,180.00 Filler, 46 : 0.159 3.11 :: Prunes, Dried, : Cigar Binder, : :: CA, Ton 4/ : 132.00 2,590.00 51-52 : 0.760 14.90 :: Prunes and Plums, : Type 61 : 3.21 62.90 :: Excl CA, Ton : : :: Fresh 7/ : 62.40 1,220.00 Noncitrus Fruit : :: Processing 4/ : Apples, Ton 4/ : :: Excl Dried : 28.80 564.00 Processing : 17.60 345.00 :: : Apricots, Ton : :: Tree Nuts 8/ : Fresh 5/ :101.00 1,980.00 :: Almonds, Lb : 0.221 4.33 Dried, CA :270.00 5,290.00 :: Hazelnuts, Ton : 150.00 2,940.00 Avocados, Ton 5/ :233.00 4,560.00 :: Pistachio, Lb : 0.168 3.29 Cherries : :: Walnuts, Ton : 173.00 3,390.00 Sweet, Ton :195.00 3,820.00 :: : Tart, Lb : 0.034 0.666:: Vegetables, Cwt 9/ : Cranberry, Bbl 3/ : 5.35 105.00 :: Fresh : Dates, CA, Ton 5/ :214.00 4,190.00 :: Carrots 6/ : 2.30 45.10 Grapes, Ton : :: Cauliflower 6/ : 4.44 87.00 Raisin Variety :121.00 2,370.00 :: Celery 6/ : 1.91 37.40 Other Dried : 70.80 1,390.00 :: Honeydew Melons : 2.64 51.70 Kiwifruit, Ton : 89.20 1,750.00 :: Lettuce : 2.36 46.20 Nectarines : :: Onions 6/ : 1.65 32.30 Fresh, CA, Ton 5/: 61.20 1,200.00 :: Tomatoes : 4.61 90.30 ------------------------------------------------------------------------------- 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/ Equivalent packinghouse-door returns for CA, NY (apples only), OR (except peaches), and WA. Price at point of first sale for other states. 3/ Equivalent returns for bulk fruit at first delivery point. 4/ Equivalent returns at processing plant door. 5/ Equivalent returns at packinghouse door. 6/ Includes some processing. 7/ Based on "as sold" prices for fresh fruit in all states. 8/ Prices in-shell basis except almonds which are shelled basis. 9/ 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, 2003-2005 ------------------------------------------------------------------------------- State : 2003 : 2004 : 2005 1/ ------------------------------------------------------------------------------- : Dollars per Cwt : AL : 25.50 20.80 21.40 CA : 25.20 25.00 25.30 LA : 20.00 17.70 16.20 MS : 20.80 17.70 18.30 NJ : 25.80 26.30 26.80 NC : 14.50 13.50 14.20 SC : 12.50 15.00 17.30 TX : 19.00 16.80 11.30 VA : 12.20 12.80 11.40 : US 1/ : 19.20 17.50 18.00 ------------------------------------------------------------------------------- 1/ Revised. Oats: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 1.83 1.61 1.75 3.4 6.9 5.4 Jul : 1.46 1.36 1.59 20.2 15.6 21.9 Aug : 1.39 1.32 1.49 29.8 26.2 28.1 Sep : 1.39 1.42 1.54 8.0 11.4 5.9 Oct : 1.44 1.45 1.59 4.4 6.0 4.5 Nov : 1.29 1.51 1.64 2.4 3.1 3.8 Dec : 1.58 1.60 1.73 4.2 3.9 4.4 Jan 3/ : 1.48 1.64 1.73 6.2 5.9 6.2 Feb : 1.58 1.67 1.82 4.2 6.2 5.8 Mar : 1.60 1.73 1.82 5.6 6.4 5.6 Apr : 1.63 1.65 1.75 6.5 5.1 4.9 May : 1.70 1.64 1.85 5.1 3.3 3.5 : MYA 1/ : 1.48 1.48 1.63 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 2.99 2.63 2.54 2.7 5.7 7.8 Jul : 2.74 2.54 2.37 4.7 6.7 9.3 Aug : 2.91 2.77 2.50 23.6 14.9 17.2 Sep : 2.88 2.43 2.36 14.7 12.1 9.3 Oct : 2.74 2.29 2.41 8.6 7.8 5.8 Nov : 2.83 2.45 2.58 9.0 7.6 8.0 Dec : 2.93 2.49 2.48 10.6 9.6 7.5 Jan 3/ : 2.69 2.41 2.42 7.0 9.7 7.4 Feb : 2.73 2.31 2.55 5.7 8.1 7.2 Mar : 2.77 2.49 2.70 6.8 8.0 9.6 Apr : 2.78 2.26 2.65 3.6 5.9 4.8 May : 2.78 2.46 2.97 3.0 3.9 6.1 : MYA 1/ : 2.83 2.48 2.53 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 3.19 2.79 2.88 3.0 5.9 7.2 Jul : 3.08 2.68 2.66 4.1 6.8 8.3 Aug : 3.12 3.06 2.85 24.1 16.3 16.3 Sep : 3.10 2.91 2.74 15.5 10.7 7.6 Oct : 3.11 2.73 2.73 7.3 6.9 5.3 Nov : 3.03 2.83 2.89 8.8 7.0 7.8 Dec : 3.20 2.74 2.67 10.9 10.7 8.4 Jan 3/ : 2.94 2.73 2.56 7.0 9.9 8.0 Feb : 2.96 2.58 2.74 5.9 8.4 8.1 Mar : 2.97 2.74 2.92 7.4 8.9 11.0 Apr : 3.04 2.76 2.88 3.7 5.0 5.3 May : 3.14 2.90 3.11 2.3 3.5 6.7 : MYA 1/ : 3.08 2.81 2.80 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 2.33 2.20 1.91 2.0 5.1 9.2 Jul : 2.22 2.21 1.88 5.9 6.5 11.7 Aug : 2.39 1.83 1.77 22.5 11.5 19.1 Sep : 2.27 1.64 1.84 12.7 15.2 13.4 Oct : 2.24 1.58 1.81 11.7 9.9 7.0 Nov : 2.43 1.78 1.91 9.5 9.0 8.6 Dec : 2.26 1.66 1.76 9.9 7.3 5.3 Jan 3/ : 2.15 1.65 1.94 7.1 9.3 6.1 Feb : 2.16 1.60 1.83 5.4 7.3 5.1 Mar : 2.19 1.67 1.80 5.5 6.1 6.3 Apr : 2.17 1.56 1.81 3.3 8.1 3.6 May : 2.39 1.71 2.45 4.5 4.7 4.6 : MYA 1/ : 2.29 1.73 1.87 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 3.08 3.55 3.23 8.5 10.9 11.9 Jul : 2.95 3.37 3.20 23.4 12.4 16.8 Aug : 3.35 3.27 3.24 12.6 9.0 13.4 Sep : 3.39 3.36 3.36 7.9 11.0 11.7 Oct : 3.44 3.43 3.43 6.6 7.0 6.3 Nov : 3.61 3.46 3.45 7.2 7.8 4.7 Dec : 3.68 3.40 3.53 7.5 8.6 8.1 Jan 3/ : 3.68 3.43 3.52 7.9 9.7 8.4 Feb : 3.77 3.36 3.66 5.4 9.5 6.2 Mar : 3.83 3.42 3.79 6.6 7.1 5.1 Apr : 3.88 3.35 3.81 3.2 3.4 3.4 May : 3.82 3.31 4.09 3.2 3.6 4.0 : MYA 1/ : 3.40 3.40 3.42 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Winter Wheat Month :----------------------------------------------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 2.94 3.46 3.15 Jul : 2.89 3.31 3.15 Aug : 3.28 3.19 3.16 Sep : 3.31 3.26 3.28 Oct : 3.37 3.34 3.34 Nov : 3.56 3.39 3.27 Dec : 3.62 3.34 3.45 Jan 2/ : 3.66 3.28 3.45 Feb : 3.67 3.27 3.59 Mar : 3.76 3.32 3.82 Apr : 3.79 3.27 3.74 May : 3.72 3.23 4.06 : MYA 1/ : 3.27 3.32 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Durum Wheat : Other Spring Wheat Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 3.99 4.35 3.67 3.45 3.83 3.51 Jul : 3.85 4.09 3.72 3.31 3.55 3.45 Aug : 3.78 3.86 3.35 3.42 3.38 3.43 Sep : 3.95 3.89 3.38 3.42 3.48 3.51 Oct : 3.89 3.87 3.39 3.53 3.50 3.61 Nov : 3.95 3.79 3.28 3.68 3.57 3.71 Dec : 3.95 3.67 3.37 3.72 3.48 3.68 Jan 2/ : 3.96 3.64 3.29 3.67 3.61 3.70 Feb : 4.08 3.72 3.34 3.84 3.49 3.83 Mar : 4.14 3.70 3.39 3.90 3.51 3.85 Apr : 4.19 3.63 3.41 3.94 3.39 3.95 May : 4.21 3.67 3.94 4.01 3.37 4.18 : MYA 1/ : 3.97 3.85 3.46 3.62 3.51 3.66 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Hard Red Spring Wheat : Hard Red Winter Wheat Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 3.46 3.83 3.51 2.88 3.46 3.12 Jul : 3.31 3.54 3.45 2.82 3.34 3.13 Aug : 3.43 3.36 3.46 3.25 3.11 3.18 Sep : 3.42 3.48 3.55 3.23 3.21 3.36 Oct : 3.54 3.50 3.67 3.36 3.25 3.46 Nov : 3.70 3.57 3.77 3.56 3.37 3.41 Dec : 3.73 3.48 3.72 3.64 3.32 3.56 Jan 2/ : 3.68 3.62 3.74 3.66 3.24 3.55 Feb : 3.85 3.49 3.89 3.64 3.25 3.77 Mar : 3.91 3.52 3.90 3.74 3.29 4.04 Apr : 3.94 3.38 3.99 3.76 3.18 3.97 May : 4.02 3.37 4.28 3.67 3.17 4.40 : MYA 1/ : 3.63 3.51 3.70 3.23 3.29 3.38 -------------------------------------------------------------------------------- 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, 2003-2004 through 2005-2006 1/ -------------------------------------------------------------------------------- : Soft Red Winter Wheat : White Wheat Month :-----------------------------------:----------------------------------- : 2003-2004 : 2004-2005 : 2005-2006 : 2003-2004 : 2004-2005 : 2005-2006 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 3.07 3.41 3.27 3.24 3.81 3.45 Jul : 3.02 3.24 3.19 3.20 3.46 3.36 Aug : 3.28 3.04 3.10 3.42 3.52 3.11 Sep : 3.34 2.96 2.95 3.45 3.51 3.07 Oct : 3.27 2.96 2.99 3.42 3.52 3.14 Nov : 3.61 2.93 2.81 3.54 3.54 3.10 Dec : 3.77 2.94 3.02 3.53 3.51 3.06 Jan 2/ : 3.69 3.12 3.24 3.63 3.49 3.07 Feb : 3.70 3.13 3.32 3.73 3.47 3.12 Mar : 3.80 3.32 3.41 3.81 3.50 3.18 Apr : 3.84 3.16 3.29 3.89 3.51 3.16 May : 3.81 3.09 3.56 3.93 3.50 3.23 : MYA 1/ : 3.17 3.21 3.19 3.54 3.52 3.13 -------------------------------------------------------------------------------- 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 Field 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) at 147 (1990-92=100), is unchanged from May 2006 but up 4.3 percent from June 2005. PRODUCTION INDEX: The June index, at 146, is unchanged from last month but increased 4.3 percent from last year. Lower prices in June for nitrogen fertilizers, hay & forages, complete feeds, and feed grains, were offset by higher prices for LP gas, feeder cattle, self-propelled machinery, and herbicides. Feed: The June index, at 121, decreased 2.4 percent from May but was unchanged from last June. Since May, lower prices for hay & forages, complete feeds, and feed grains account for the index decrease. Livestock & Poultry: The June index for livestock and poultry purchases, at 131, increased 2.3 percent from last month but decreased 5.8 percent from last year. Since May, higher prices for feeder cattle more than offset lower prices for feeder pigs. The June feeder cattle price, at $109.30 per cwt, is up $2.70 per cwt from the May price. June feeder pigs averaged $123.00 per cwt, down $3.00 per cwt from May. Fertilizer: The June index, at 175, is down 1.1 percent from May but 8.7 percent above June a year ago. Since May, lower prices for nitrogen fertilizers and mixed fertilizers more than offset higher prices for potash & phosphate materials. Agricultural Chemicals: The June index, at 133, increased 3.1 percent from May and is 9.9 percent above last June. Fuels: The June index, at 263, is up 4.0 percent from a month earlier and 22 percent above June 2005. Compared with last month, the price for LP gas is up sharply and diesel fuel increased slightly. Farm Machinery: The June index, at 184, increased 1.1 percent from May and is 7.0 percent above last June. Since May, prices are higher for self-propelled machinery and tractors. CONSUMER PRICE INDEX: The May 2006 Consumer Price Index for all urban consumers (CPI-U) increased 0.5 percent before seasonal adjustment to a level of 202.5 (1982-84=100). This compares with the April index of 201.5. For the 12-month period ending in May, the overall index has increased 4.2 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, June 2006 With Comparisons -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2005 : 2006 : 2005 : 2006 Ratios :---------------------------------------------- : Jun : May : Jun : Jun : May : Jun : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 1,872 *1,954 1,959 141 *147 147 Production : 1,357 *1,414 1,419 140 146 146 Feed : 590 604 592 121 124 121 Livestock & Poultry : 1,782 *1,640 1,668 139 128 131 Seeds : 1,694 1,838 1,838 171 186 186 Fertilizer : 591 *650 641 161 *177 175 Agricultural Chemicals : 751 *798 820 121 *129 133 Fuels : 1,669 *1,954 2,026 216 *253 263 Farm Supplies & Repairs : 1,016 *1,035 1,035 143 146 146 Autos & Trucks : 3,042 *2,999 2,980 114 113 112 Farm Machinery : 4,314 *4,562 4,614 172 *182 184 Building Materials : 1,918 *2,062 2,086 141 *152 154 Farm Services & Rent : 1,518 *1,560 1,560 Farm Services : 129 131 131 Rent : 125 131 131 Interest 1/ : 2,731 2,981 2,981 109 119 119 Taxes 2/ : 3,383 3,426 3,426 126 128 128 Wage Rates : 6,041 6,326 6,326 161 169 169 Production, Interest, Taxes, : & Wage Rates (PITW) : 1,877 *1,961 1,967 140 146 146 Family Living-CPI 3/ : 1,847 *1,923 1,923 144 *150 150 : : :---------------------------------------------- Ratio (Received\Paid) : 84 78 80 Parity Ratio 4/ : 40 37 38 Parity Ratio Adjusted 5/ : 44 40 41 PPITW Adjusted for : Productivity 6/ : 1,233 *1,282 1,282 : : :---------------------------------------------- Crop Sector (PPITW) : 144 *152 152 Livestock Sector (PPITW) : 138 141 142 : : :---------------------------------------------- Farm Sector (Production) : 135 135 135 Non-Farm Sector (Production) : 142 151 152 -------------------------------------------------------------------------------- * 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 1.079 for 2006 and the revised factor is 1.096 for 2005. 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 2006 With Comparisons -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 1/ : 2005 : 2006 :----------------------------------------------------- : 2005 : 2006 : Jun : May : Jun -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 66.4 66.8 140 146 146 : Feed : 10.7 10.9 121 124 121 Feed Grains : 1.5 1.6 90 *96 92 Complete Feeds : 5.2 5.3 119 120 118 Hay/Forages : 1.3 1.4 128 147 141 Concentrates : 1.7 1.7 140 *129 129 Supplements : 0.9 0.9 137 *150 146 Livestock & Poultry : 7.7 7.6 139 128 131 Feeder Cattle : 6.0 6.0 140 126 129 Feeder Pigs : 0.6 0.6 139 *137 134 Milk Cow Replacements : 0.6 0.6 157 157 157 Poultry : 0.5 0.5 109 109 109 Seeds : 3.5 3.6 171 186 186 Field Crops : 3.2 3.3 177 191 191 Grasses/Legumes : 0.3 0.3 118 133 133 Fertilizer : 4.3 4.3 161 *177 175 Mixed Fertilizer : 1.9 1.9 135 *150 149 Nitrogen : 1.8 1.8 189 *206 200 Potash & Phosphate : 0.6 0.6 161 *176 180 Agricultural Chemicals : 3.6 3.5 121 *129 133 Herbicides : 2.3 2.2 114 *125 129 Insecticides : 0.8 0.8 142 *142 145 Fungicides/Other : 0.5 0.5 120 *127 130 Fuels : 2.7 2.9 216 *253 263 Diesel : 1.6 1.7 239 *241 242 Gasoline : 0.8 0.8 188 *267 266 LP Gas : 0.4 0.4 180 *274 341 Farm Supplies & Repairs : 5.2 5.0 143 146 146 Supplies : 1.7 1.7 132 141 141 Repairs : 3.5 3.3 149 148 148 Autos & Trucks : 1.8 1.8 114 113 112 Autos : 0.2 0.2 108 109 109 Trucks : 1.5 1.6 115 *113 113 Farm Machinery : 4.0 4.4 172 *182 184 Tractors : 0.9 1.0 155 159 160 Self-Propelled : 1.6 1.7 178 *192 197 Other Machinery : 1.5 1.7 176 *185 185 Building Materials : 3.6 4.0 141 *152 154 Farm Services : 12.4 12.2 129 131 131 Custom Rates : 1.3 1.3 125 125 125 Other Services : 11.1 10.9 130 *132 132 Rent : 6.9 6.7 125 131 131 Cash : 3.7 3.6 151 159 159 Share : 3.2 3.1 94 98 98 Interest : 4.5 4.2 109 119 119 Taxes : 2.9 2.9 126 128 128 Wage Rates : 7.6 7.8 161 169 169 Family Living-CPI : 18.6 18.4 144 *150 150 -------------------------------------------------------------------------------- * Revised. 1/ Weights may not add due to rounding. Feed Price Ratios: United States, June 2006 with Comparisons -------------------------------------------------------------------------------- : 2005 : 2006 Feed Price Ratio 1/ :----------------------------- : Jun : May : Jun -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 6.6 5.5 6.5 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 4.4 4.4 7.3 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 24.4 *22.2 26.0 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 2.87 2.33 2.44 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 45.3 *39.9 43.1 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 7.0 *7.2 7.8 -------------------------------------------------------------------------------- * 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 2006 with Comparisons -------------------------------------------------------------------------------- : : 2005 : 2006 Commodity : Unit :------------------------------------------- : : Jun : May : Jun -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.440 0.340 0.390 Eggs, Market : Doz : 0.240 0.231 0.370 : : Hogs, All : Cwt : 49.50 48.20 53.20 Milk, All : Cwt : 14.40 12.00 12.10 : : Steers and Heifers : Cwt : 91.50 86.50 88.40 Turkeys, Live : Lb : 0.421 0.437 0.458 : : Corn : Bu : 2.03 2.17 2.05 Hay, Alfalfa, Baled : Ton : 112.00 118.00 115.00 : : Soybeans : Bu : 6.58 5.68 5.57 Wheat, All : Bu : 3.23 4.09 3.96 -------------------------------------------------------------------------------- Feeder Livestock: Prices Paid, United States June 2006 with Comparisons -------------------------------------------------------------------------------- : : 2005 : 2006 Commodity : Unit :------------------------------------------- : : Jun : May : Jun -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 118.50 106.60 109.30 Feeder Pigs : Cwt : 128.00 126.00 123.00 -------------------------------------------------------------------------------- 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 Field 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 Scott Cox - Wheat, Rye (202) 720-8068 Ty Kalaus - Corn, Proso Millet, Flaxseed (202) 720-9526 Shiela Corley - 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 Dan Norris - Peaches, Pears, Hops, Pulses, Mint (202) 720-3250 Rich Holcomb - 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 Debbie Flippin - 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 Ann Summa - Milk, Milk Cows (202) 720-3278 Bruce Boess - Hogs (202) 720-3106 Mike Miller - Cattle (202) 720-3040 Darin Jantzi, 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 Jen Brown - Prices Paid Indexes, Prices Paid for Feed, Fertilizer, Agricultural Chemicals, Seeds, Farm Supplies and Repairs, Farm Machinery, Fuels, Feeder Livestock, Poultry Chicks, Feed Price Ratios, Grazing Fees, Autos & Trucks (202) 720-5446 Daryl Brinkman - Prices Received Indexes, Parity Prices (202) 720-8844 ACCESS TO REPORTS!! 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