Pr 1 (6-10) Agricultural Prices Washington, D.C. Released June 29, 2010, 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. June Farm Prices Received Index Down 2 Points The preliminary All Farm Products Index of Prices Received by Farmers in June, at 139 percent, based on 1990-1992=100, decreased 2 points (1.4 percent) from May. The Crop Index is down 5 points (3.3 percent) and the Livestock Index decreased 1 point (0.8 percent). Producers received lower prices for cattle, onions, hogs, and wheat and higher prices for lettuce, milk, turkeys, and cucumbers. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly marketings of wheat, grapes, hay, and cantaloups offset decreased marketings of oranges, strawberries, cattle, and sweet corn. The preliminary All Farm Products Index is up 6 points (4.5 percent) from June 2009. The Food Commodities Index, at 139, decreased 3 points (2.1 percent) from last month but increased 9 points (6.9 percent) from June 2009. Prices Paid Index Down 1 Point The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 182 percent of the 1990-1992 average. The index is down 1 point (0.5 percent) from May but is 2 points above (1.1 percent) June 2009. Lower prices in June for diesel, feeder cattle, supplements, and feeder pigs more than offset higher prices for complete feeds, other services, mixed fertilizer, and other machinery. Index Summary Table -------------------------------------------------------------------------------- : 2009 : 2010 Index :-------------------------------------------------------------- 1990-92=100 : May : Jun : May : Jun -------------------------------------------------------------------------------- : Prices Received : 130 133 141 139 : Prices Paid : 180 180 183 182 : Ratio 1/ : 72 74 77 76 -------------------------------------------------------------------------------- 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 139 percent of its 1990-1992 base, down 1.4 percent from the May index but 4.5 percent above the June 2009 index. ALL CROPS: The June index is 147, down 3.3 percent from May and 6.4 percent below June 2009. Index decreases for food grains, feed grains & hay, commercial vegetables, potatoes & dry beans, and oilseeds more than offset the index increases for fruits & nuts and cotton. Food Grains: The June index, at 133, is 15 percent below the previous month and 31 percent below a year ago. The June all wheat price, at $3.80 per bushel, is down 53 cents from May and $1.92 below June 2009. Feed Grains & Hay: The June index is 148, down 2.6 percent from last month and 14 percent below a year ago. The corn price, at $3.38 per bushel, is down 10 cents from last month and 63 cents below June 2009. The all hay price, at $114 per ton, is down $2.00 from May and down $9.00 from last June. Sorghum grain, at $5.50 per cwt, is 19 cents below May and 79 cents below June last year. Cotton: The June index, at 109, is unchanged from May but 47 percent above last year. The June price, at 66.2 cents per pound, is up 0.2 cent from the previous month and 21.2 cents above last June. Oilseeds: The June index, at 167, is down 0.6 percent from May and 18 percent lower than June 2009. The soybean price, at $9.39 per bushel, decreased 2 cents from May and is $2.01 below June 2009. Fruits & Nuts: The June index, at 148, is up 7.2 percent from May and 15 percent higher than a year ago. Price increases for oranges, lemons, and pears more than offset price decreases for peaches, strawberries, and apples. Commercial Vegetables: The June index, at 182, is down 2.7 percent from last month but 17 percent above June 2009. Price declines for onions, cantaloups, tomatoes, and cauliflower more than offset price increases during June for lettuce and cucumbers. Potatoes & Dry Beans: The June index, at 145, is down 1.4 percent from last month and 10 percent below June 2009. The all potato price, at $8.28 per cwt, is down 29 cents from May and $1.20 from last June. The all dry bean price, at $30.70 per cwt, is up $2.90 from the previous month and 90 cents above June 2009. LIVESTOCK & PRODUCTS: The June index, at 130, is 0.8 percent below last month but up 17 percent from June 2009. Compared with a year ago, prices are higher for milk, cattle, hogs, turkeys, calves, and eggs. The price for broilers remained unchanged from a year ago. Meat Animals: The June index, at 124, is down 4.6 percent from last month but 17 percent higher than last year. The June hog price, at $57.70 per cwt, is down $4.40 from May but $14.40 higher than a year ago. The June beef cattle price of $91.10 per cwt is down $3.70 from last month but $11.00 higher than June 2009. Dairy Products: The June index, at 121, is up 4.3 percent from a month ago and 39 percent higher than June last year. The June all milk price of $15.80 per cwt is up 70 cents from last month and $4.50 from June 2009. The fluid grade milk price increased 70 cents and the manufacturing grade milk price remained unchanged from the previous month. Poultry & Eggs: The June index, at 149, is up 1.4 percent from May and June 2009. The June market egg price, at 42.2 cents per dozen, decreased 1.9 cents from May but is 3.3 cents above June 2009. The June broiler price, at 51.0 cents per pound, is unchanged from May and a year ago. The June turkey price, at 61.7 cents per pound, is up 5.6 cents from the previous month and 9.2 cents from a year earlier. Contents U.S. Prices Received and Indexes Page Narrative ................................................................... 2 Price Indexes ............................................................... 5 Index Charts ................................................................ 6 U.S. Prices Received, Summary ............................................... 8 Price Charts ................................................................ 10 Selected Commodities ........................................................ 14 Upland Cotton & Rice Marketings ............................................. 17 Parity Prices ............................................................... 24 Reliability Statement ....................................................... 31 Monthly State Prices Received Apples ...................................................................... 17 Barley ...................................................................... 15 Beef Cattle, All ............................................................ 20 Calves .................................................................... 20 Cows, Beef ................................................................ 20 Steers and Heifers ........................................................ 20 Canola ...................................................................... 16 Citrus Fruit ................................................................ 18 Corn ........................................................................ 15 Cotton ...................................................................... 17 Cottonseed .................................................................. 17 Dry Edible Beans............................................................. 16 Flaxseed .................................................................... 16 Hay ......................................................................... 17 Hogs, All ................................................................... 21 Barrows and Gilts ......................................................... 21 Sows ...................................................................... 21 Milk ........................................................................ 23 Milk Cows ................................................................... 23 Oats ........................................................................ 15 Peanuts ..................................................................... 16 Potatoes .................................................................... 19 Rice ........................................................................ 17 Sheep ....................................................................... 22 Lambs ..................................................................... 22 Sorghum Grain ............................................................... 15 Soybeans .................................................................... 15 Sunflower, All .............................................................. 16 Wheat, All Classes .......................................................... 14 Marketing Year Monthly Price Revisions 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 Contents (continued) U.S. Prices Paid, Prices Paid Indexes and Ratios Page Narrative ................................................................... 32 Indexes and Parity Ratios ................................................... 33 Index Charts ................................................................ 35 Feed Price 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 2010 with Comparisons 1/ -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2009 : 2010 : 2009 : 2010 :Average :--------------------------------------------- :1990-92 : Jun : May : Jun : Jun : May : Jun -------------------------------------------------------------------------------- : All Farm Products : 639 843 *895 879 133 141 139 : All Crops : 500 780 *751 728 157 *152 147 Food Grains : 325 616 *495 422 194 *156 133 Feed Grains & Hay : 363 612 *542 528 172 *152 148 Cotton : 517 381 *559 560 74 *109 109 Tobacco 2/ : 1263 1569 1563 1563 104 103 103 Oilseeds : 554 1113 *919 916 203 *168 167 Fruits & Nuts : 716 898 *965 1034 129 *138 148 Commercial Vegetables : 698 1106 *1333 1303 155 *187 182 Potatoes & Dry Beans : 540 821 *745 735 162 *147 145 Other Crops : 493 607 607 607 123 123 123 : Livestock & Products : 768 854 *1004 996 111 *131 130 Meat Animals : 1021 1078 *1324 1264 106 *130 124 Dairy Products : 799 695 *929 972 87 *116 121 Poultry & Eggs : 282 412 *414 418 147 147 149 : Food Commodities : 130 142 139 -------------------------------------------------------------------------------- * Revised. 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. 2/ Monthly prices discontinued July 2005. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Month, United States, 2009 and 2010 1/ -------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :---------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :---------------------------------------------------------------- :2009 :2010 :2009 : 2010 : 2009 :2010 : 2009 :2010 : 2009 : 2010 -------------------------------------------------------------------------------- Jan : 139 139 161 152 114 122 180 183 184 186 Feb : 126 135 146 147 109 123 179 182 183 185 Mar : 126 140 147 153 108 128 180 182 184 184 Apr : 129 138 150 149 112 128 180 183 185 186 May : 130 141 150 152 113 131 180 183 184 186 Jun : 133 139 157 147 111 130 180 182 184 185 Jul : 130 149 112 178 182 Aug : 126 145 109 177 180 Sep : 126 141 108 176 179 Oct : 134 151 110 177 179 Nov : 135 152 115 178 181 Dec : 135 148 119 178 181 -------------------------------------------------------------------------------- 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. Prices Received, United States, June 2010, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :---------------------------------- Commodity :Unit: 1990-92 : Jun : May : Jun : : : 2009 : 2010 : 2010 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 4.70 4.25 3.63 Feed : Bu : 1.90 3.16 2.49 2.75 Malting : Bu : 2.43 5.38 4.51 4.00 Beans, Dry Edible : Cwt: 19.10 29.80 27.80 30.70 Canola : Cwt: 17.20 17.00 17.00 Chickpeas, All : Cwt: 32.80 27.00 5/ Large : Cwt: 33.60 28.00 5/ Small : Cwt: 18.00 22.00 6/ Corn : Bu : 2.30 4.01 3.48 3.38 Cotton, Upland : Lb : 0.606 0.450 0.660 0.662 Cottonseed 1/ : Ton: 96.00 : : Flaxseed : Bu : 4.27 9.59 8.31 8.35 Hay, All, Baled 2/ : Ton: 76.30 123.00 116.00 114.00 Alfalfa 2/ : Ton: 77.20 128.00 121.00 119.00 Other 2/ : Ton: 60.00 107.00 99.70 99.10 Lentils : Cwt: 31.50 29.50 26.90 Oats : Bu : 1.22 2.37 2.19 2.02 Peanuts, In-Shell : Lb : 0.304 0.247 0.206 0.219 Peas, Dry Edible : Cwt: 11.10 9.27 8.36 Austrian Winter : Cwt: 6/ 6/ 6/ Potatoes : Cwt: 5.82 9.48 8.57 8.28 : : Rice, All : Cwt: 7.07 14.70 13.50 13.40 Long 3/ : Cwt: 12.80 12.50 12.40 Medium & Short 3/ : Cwt: 25.30 16.80 16.90 Sorghum Grain : Cwt: 3.75 6.29 5.69 5.50 Soybeans : Bu : 5.61 11.40 9.41 9.39 Sunflower, All : Cwt: 9.50 18.40 14.90 15.00 : : Wheat, All : Bu : 2.96 5.72 4.33 3.80 Winter : Bu : 2.93 5.47 4.21 3.66 Durum : Bu : 2.86 6.83 4.28 4.21 Other Spring : Bu : 3.11 6.66 4.61 4.67 Hard Red Winter : Bu : 5/ 4.16 Soft Red Winter : Bu : 5/ 4.38 Hard Red Spring : Bu : 5/ 4.62 White : Bu : 3.24 5/ 4.35 : : Fruit : : : : Citrus, Equiv on-tree : : Grapefruit : Box: 5.77 8.23 4.67 5.40 Lemons : Box: 10.10 11.34 9.73 10.97 Oranges : Box: 5.79 7.04 7.65 8.10 Tangelos : Box: 5.82 6/ 6/ 6/ Tangerines and Mandarins : Box: 15.11 5/ 5/ 5/ : : Noncitrus, Fresh : : Apples 4/ : Lb : 0.212 0.181 0.318 0.308 Grapes 4/ : Ton: 506.00 1,400.00 6/ 1,010.00 Peaches 4/ : Ton: 432.00 822.00 1,080.00 604.00 Pears 4/ : Ton: 370.00 642.00 514.00 653.00 Strawberries : Cwt: 56.00 62.80 78.90 73.40 -------------------------------------------------------------------------------- 1/ Marketing year August - February. 2/ Mid-month price. 3/ Published estimates began in August 2008. 4/ Equivalent packinghouse-door returns for CA, MI, and NY (apples only), and WA (apples, peaches, and pears). Prices as sold for other states. 5/ Price not published to avoid disclosure of individual firms. 6/ Insufficient sales to establish a price. Prices Received, United States, June 2010, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jun : May : Jun : : : 2009 : 2010 : 2010 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 77.50 125.00 104.00 Broccoli : Cwt : 22.50 31.00 43.50 37.60 Cantaloups 2/ : Cwt : 19.10 30.80 25.60 Carrots : Cwt : 13.20 25.80 27.40 27.40 Cauliflower : Cwt : 26.80 43.50 68.60 32.70 Celery : Cwt : 11.60 11.70 20.00 18.70 Corn, Sweet : Cwt : 15.70 25.40 20.50 16.60 Cucumbers 2/ : Cwt : 23.40 17.00 22.50 Lettuce : Cwt : 11.90 18.90 24.30 29.60 Onions : Cwt : 12.80 18.00 43.90 30.30 Snap Beans 2/ : Cwt : 53.50 31.00 27.90 Tomatoes : Cwt : 32.30 67.20 48.30 24.70 : : Livestock : : : : Calves : Cwt : 94.30 109.00 122.00 121.00 Cattle, All Beef : Cwt : 72.90 80.10 94.80 91.10 Cows 3/ : Cwt : 49.60 45.40 59.20 58.20 Steers & Heifers : Cwt : 77.10 84.90 99.70 95.70 Milk Cows 4/ : Head: 1130.00 : : Hogs, All : Cwt : 47.70 43.30 62.10 57.70 Barrows & Gilts : Cwt : 48.40 43.70 62.40 57.90 Sows : Cwt : 39.50 32.80 57.00 54.20 : : Lambs : Cwt : 56.20 104.00 123.00 Sheep : Cwt : 23.40 28.90 46.10 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 11.30 15.10 15.80 Fluid Grade 6/ : Cwt : 13.10 11.30 15.10 15.80 Mfg Grade 6/ : Cwt : 11.80 10.40 13.70 13.70 : : Broilers, Live 7/ : Lb : 0.317 0.510 0.510 0.510 Eggs, All 8/ : Doz : 0.643 0.594 0.633 0.619 Market 8/ 9/ : Doz : 0.546 0.389 0.441 0.422 Turkeys, live 8/ 10/: Lb : 0.380 0.525 0.561 0.617 : : Adjusted for Seasonal : : Variation 11/ : : Eggs, All : Doz : 0.545 0.763 0.791 0.799 Milk, All 5/ : Cwt : 9.71 11.30 15.80 15.80 -------------------------------------------------------------------------------- 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 2010 Fat test percent: all milk, 3.55; fluid milk, 3.54; mfg grade, 3.82. 7/ Equivalent live weight price. 8/ Mid-month price. 9/ Also referred to as table eggs. 10/ Live weight equivalent price is used when actual live weight price is not available. 11/ Seasonal adjustment factors are: All Eggs June 2009, 78; May 2010, 80; and June 2010, 77. All Milk June 2009, 100; May 2010, 95; and June 2010, 100. Wheat: Prices Received, by State, May and June 2010 -------------------------------------------------------------------------------- : 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 : AZ : 3/ 3/ 3/ 3/ AR : 4.42 4.40 4.42 4.40 CA : 4.37 3/ 4.37 3/ 4/ 4/ CO : 3.98 3.32 3.98 3.32 4/ 4/ ID : 4.44 4.32 4.29 4.30 3/ 3/ 4.60 4.35 IL : 4.09 4.20 4.09 4.20 IN : 5.03 4.23 5.03 4.23 KS : 4.24 3.65 4.24 3.65 MI : 4.39 4.20 4.39 4.20 MN : 4.27 4.40 3/ 4.50 4.27 4.40 MO : 4.21 4.20 4.21 4.20 MT : 4.71 4.81 4.37 4.49 4.46 4.30 5.47 5.61 NE : 3.97 3.65 3.97 3.65 NC : 3/ 3/ 3/ 3/ ND : 4.34 4.51 3.93 3.40 4.00 3.95 4.43 4.60 OH : 4.36 4.31 4.36 4.31 OK : 4.21 3.58 4.21 3.58 OR : 4.68 4.28 4.62 4.20 5.08 4.80 SD : 4.54 4.20 4.15 3.81 5.27 4.92 TX : 3.93 3.23 3.93 3.23 WA : 4.49 4.30 4.27 4.16 5.26 4.99 : US : 4.33 3.80 4.21 3.66 4.28 4.21 4.61 4.67 -------------------------------------------------------------------------------- 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, 2009 and 2010 1/ -------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 2/ : All Hogs Month :----------------------------------------------------------------------- : 2009 : 2010 : 2009 : 2010 : 2009 : 2010 : 2009 : 2010 : 2009 : 2010 -------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ------- Dollars per ------- : ----------- Cwt ----------- : Jan : 6.20 4.90 4.36 3.66 9.97 9.79 80.10 82.10 42.80 48.40 Feb : 5.79 4.73 3.87 3.55 9.54 9.41 78.90 85.50 43.80 48.80 Mar : 5.71 4.70 3.85 3.55 9.12 9.39 79.10 90.50 43.90 52.20 Apr : 5.75 4.41 3.85 3.41 9.79 9.47 83.80 95.70 44.00 56.50 May : 5.84 4.33 3.96 3.48 10.70 9.41 83.20 94.80 44.60 62.10 Jun : 5.72 3.80 4.01 3.38 11.40 9.39 80.10 91.10 43.30 57.70 Jul : 5.17 3.60 10.80 80.90 43.30 Aug : 4.85 3.33 10.80 80.40 37.30 Sep : 4.48 3.25 9.75 80.50 37.70 Oct : 4.47 3.61 9.44 79.20 37.80 Nov : 4.79 3.65 9.53 79.60 40.30 Dec : 4.87 3.59 9.80 78.50 45.00 -------------------------------------------------------------------------------- 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 2010 -------------------------------------------------------------------------------- : All Barley : Corn : Oats : Soybeans : Sorghum Grain State :----------------------------------------------------------------------- :May 1/:Jun 2/:May 1/:Jun 2/:May 1/:Jun 2/:May 1/:Jun 2/:May 1/ :Jun 2/ -------------------------------------------------------------------------------- :----------------- Dollars per Bushel ----------------- Dollars per Cwt : AL : AR : 9.22 9.30 4/ 4/ CA : 3/ 3/ CO : 3/ 3/ 3.45 3.24 ID : 4.59 4.93 IL : 3.49 3.45 2.96 2.90 9.43 9.60 3/ 3/ IN : 3.65 3.47 9.75 9.67 IA : 3.52 3.45 2.24 2.20 9.35 9.40 KS : 3.40 3.15 9.35 9.25 5.55 5.15 KY : 3.77 3.65 9.61 9.70 LA : 9.06 4/ 3/ 4/ MI : 3.43 3.40 2.84 3/ 9.53 9.50 MN : 3/ 3/ 3.33 3.30 1.70 1.80 9.15 9.20 MS : 8.75 8.83 MO : 3.57 3.50 9.48 9.60 5.40 5.35 MT : 4.86 3.40 2.39 3/ NE : 3.51 3.30 2.34 2.35 9.27 9.20 5.38 5.15 NY : 3/ 3/ NC : 4.04 4.03 9.66 9.53 ND : 3.21 2.85 2.98 3.00 1.80 3/ 9.06 9.00 OH : 3.52 3.47 9.50 9.65 OK : 5.26 5.14 OR : 3.12 3.30 3/ 3/ PA : 3.79 3.76 2.60 2.58 SD : 3.21 3.03 2.03 2.05 9.19 9.06 TN : 3.87 3.75 9.55 9.55 TX : 4.04 3.61 4/ 4/ 6.91 6.10 UT : 2.97 3/ WA : 2.75 2.64 WI : 3.44 3.30 2.07 1.91 9.85 9.35 WY : 4/ 4/ : US : 4.25 3.63 3.48 3.38 2.19 2.02 9.41 9.39 5.69 5.50 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Malting and Feed Barley: Prices Received Selected State, May and June 2010 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : May 1/ : Jun 2/ : May 1/ : Jun 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 4.94 5.15 2.58 2.90 MN : 4/ 3/ 3/ 3/ MT : 4.95 3.42 2.52 2.82 ND : 3.38 3.10 2.01 2.05 WY : 4/ 4/ 4/ 4/ -------------------------------------------------------------------------------- 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 2010 -------------------------------------------------------------------------------- : Dry Edible : All : : : : Beans : Sunflower : Canola : Flaxseed :Peanuts 4/ 5/ State :--------------------------------------------------------------------- :May 1/:Jun 2/: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 : 0.202 0.202 CA :49.30 56.90 CO :31.60 28.70 6/ 6/ FL : 0.201 0.204 GA : 0.200 0.203 ID :29.60 7/ KS : 6/ 6/ MI :33.80 35.00 MN :32.10 6/ 19.30 19.20 6/ 7/ MS : 7/ 7/ NE :28.70 28.30 NM : 0.206 6/ NC : 0.210 0.214 ND :23.70 22.90 16.40 16.50 16.90 17.00 8.31 8.35 OK : 6/ 6/ SC : 0.217 0.224 SD : 13.10 12.40 TX : 0.228 0.252 VA : 0.222 7/ : US :27.80 30.70 14.90 15.00 17.00 17.00 8.31 8.35 0.206 0.219 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Based on sales through first half of month. 4/ In-Shell. 5/ Monthly published estimates for MS, NM, OK, and SC began in August 2009. 6/ Price not published to avoid disclosure of individual firms. 7/ Insufficient sales to establish a price. Field Crops and Apples: Prices Received, by State, May and June 2010 -------------------------------------------------------------------------------- : : June : Cotton, Upland :-------------------------------------------------- State : : Cotton- : Hay, Baled 3/ : Apples :-------------------: seed :-----------------------------: Fresh : May 1/ : Jun 2/ : 5/ : All : Alfalfa : Other :Use 2/ 4/ -------------------------------------------------------------------------------- : Dollars per Pound -------- Dollars per Ton -------- Dol/Lb : AL : 0.662 0.662 AZ : 6/ 6/ 130.00 130.00 125.00 AR : 0.660 0.662 CA : 6/ 7/ 114.00 121.00 95.00 CO : 125.00 125.00 120.00 GA : 0.664 0.662 ID : 107.00 107.00 80.00 IL : 116.00 125.00 88.00 IA : 116.00 119.00 83.00 KS : 106.00 110.00 70.00 KY : 93.00 140.00 80.00 LA : 0.661 0.662 MI : 110.00 115.00 90.00 MN : 111.00 120.00 75.00 MS : 0.660 0.662 MO : 75.00 125.00 60.00 MT : 90.00 89.00 100.00 NE : 76.00 77.00 62.00 NV : 91.00 91.00 96.00 NM : 152.00 155.00 127.00 NY : 99.00 120.00 85.00 0.208 NC : 0.664 0.662 ND : 59.00 63.00 45.00 OH : 105.00 144.00 80.00 0.460 OK : 105.00 135.00 73.00 OR : 146.00 134.00 174.00 PA : 125.00 145.00 120.00 0.393 SD : 81.00 83.00 72.00 TN : 0.653 0.663 TX : 0.641 0.642 130.00 183.00 110.00 UT : 105.00 105.00 95.00 VA : WA : 137.00 125.00 170.00 0.319 WI : 116.00 120.00 85.00 WY : 88.00 89.00 80.00 : US : 0.660 0.662 114.00 119.00 99.10 0.308 -------------------------------------------------------------------------------- 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 2010, with Comparisons -------------------------------------------------------------------------------- Item : Unit :Jun 2009 1/ :May 2010 1/ :Jun 2010 2/ -------------------------------------------------------------------------------- : : Cotton, Upland : : Average Price :Dollars per Pound: 0.450 0.660 0.662 Marketings 3/ :1,000 Bales : 358 351 NA : : Rice, All : : Average Price :Dollars per Cwt : 14.70 13.50 13.40 Marketings 4/ :1,000 Cwt : 9,075 12,593 NA : : Rice, Long : : Average Price :Dollars per Cwt : 12.80 12.50 12.40 Marketings 4/ :1,000 Cwt : 7,728 9,732 NA : : Rice, Medium & Short : : Average Price :Dollars per Cwt : 25.30 16.80 16.90 Marketings 4/ :1,000 Cwt : 1,347 2,861 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 2010 -------------------------------------------------------------------------------- : : 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 : 18.30 8.50 8.50 2/ 5.40 5.40 2/ : Lemons : CA : 40.80 16.72 30.11 3/ 10.97 24.36 3/ : Oranges : CA : 22.50 11.85 14.03 2.51 9.17 11.34 -0.17 Navel and Misc: 28.60 15.68 20.21 3/ 13.03 17.56 3/ Valencia : 3/ 3/ 3/ 3/ 3/ 3/ 3/ : FL : Valencia : 23.60 10.13 13.70 10.00 7.53 10.90 7.40 : US : 22.60 10.73 14.00 9.29 8.10 11.31 6.68 : Tangerines and : Mandarins : CA : 3/ 3/ 3/ 3/ 3/ 3/ 3/ -------------------------------------------------------------------------------- 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 and Mandarins- AZ & CA-75, FL-95. 2/ Processed sales insignificant and included in fresh sales. 3/ Price not published to avoid disclosure of individual firms. Potatoes: Prices Received, by State, May and June 2010 1/ ------------------------------------------------------------------------------- : : :: : : State : May : Jun 2/ :: State : May : Jun 2/ : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : CA - All 3/ : 15.60 13.60 :: NC : - Winter : :: ND - All 3/ : 9.85 9.95 - Spring : 16.50 13.80 :: - Fresh 4/ : 10.60 NA - Summer : :: - Processing : 10.70 NA - Fall : 9.80 11.90 :: OR : 8.70 8.70 CO - All 3/ : 5.25 5.30 :: TX : - Fresh 4/ : 5.45 NA :: VA : FL : 14.50 14.40 :: WA - All 3/ : 8.45 8.65 ID - All 3/ : 5.95 6.00 :: - Processing : 8.45 NA - Fresh 4/ : 3.80 NA :: WI - All 3/ : 10.30 5/ - Processing : 8.20 NA :: - Fresh 4/ : 5.95 NA ME : 10.70 10.50 :: - Processing : 12.00 NA MI : 12.10 5/ :: : MN : 6.95 6.05 :: US - All 3/ : 8.57 8.28 NY : 13.70 15.80 :: - Fresh 4/ : 8.36 NA : :: - Processing : 8.91 NA ------------------------------------------------------------------------------- 1/ Missing data indicate no potatoes being marketed. 2/ Preliminary price reflecting prices received for the entire month. 3/ Average price of potatoes sold for all uses, including table stocks, processing, seed, and livestock feed. 4/ Fresh market prices only, includes table stock prices. 5/ Price not published to avoid disclosure of individual firms. Cattle: Prices Received, by State, May and June 2010 -------------------------------------------------------------------------------- : 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 : 64.00 64.00 99.00 95.00 77.70 76.10 115.00 106.00 AR : 55.50 55.00 107.00 106.00 83.80 85.60 116.00 115.00 CA : 59.40 57.70 99.50 94.90 79.50 76.30 117.00 111.00 CO : 63.50 62.00 104.00 100.00 103.00 99.20 127.00 128.00 FL : 53.60 54.40 101.00 98.80 81.40 77.80 117.00 116.00 GA : 58.90 58.50 99.40 97.20 73.80 72.20 114.00 111.00 ID : 63.60 62.70 101.00 94.00 92.00 86.50 119.00 118.00 IL : 60.60 59.30 97.90 97.40 97.20 96.60 120.00 123.00 IA : 61.00 60.50 99.50 97.00 98.70 96.30 128.00 129.00 KS : 60.00 57.00 99.00 96.00 98.20 95.20 131.00 128.00 KY : 59.00 58.00 105.00 103.00 94.00 92.20 118.00 115.00 LA : 54.50 54.00 98.60 96.00 68.20 67.00 110.00 106.00 MI : 58.00 58.00 92.00 91.00 81.80 81.10 98.00 97.00 MN : 62.80 61.70 98.30 94.70 91.70 88.50 130.00 130.00 MO : 57.90 56.50 109.00 107.00 96.20 92.90 126.00 121.00 MT : 61.70 60.50 106.00 103.00 83.90 88.10 128.00 126.00 NE : 63.50 63.00 100.00 96.50 98.90 95.50 134.00 128.00 NM : 66.00 64.00 106.00 100.00 92.40 84.50 124.00 112.00 ND : 63.00 58.00 103.00 96.00 87.80 80.80 126.00 121.00 OH : 51.20 50.00 96.30 93.00 91.80 88.70 112.00 107.00 OK : 62.30 60.40 103.00 99.80 100.00 96.60 125.00 119.00 OR : 64.00 61.00 100.00 96.00 97.50 92.20 119.00 115.00 PA : 55.50 54.80 92.70 91.10 83.00 81.70 101.00 101.00 SD : 63.90 62.40 104.00 101.00 102.00 99.80 131.00 133.00 TN : 56.00 55.00 103.00 100.00 84.20 82.00 116.00 113.00 TX : 54.00 53.40 101.00 94.00 96.30 89.50 124.00 119.00 VA : 51.00 54.00 103.00 101.00 83.20 83.10 118.00 117.00 WI : 58.80 57.60 92.00 88.50 72.70 70.60 144.00 140.00 WY : 61.80 61.30 109.00 106.00 94.40 92.10 134.00 129.00 : US : 59.20 58.20 99.70 95.70 94.80 91.10 122.00 121.00 -------------------------------------------------------------------------------- 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 2010 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : May 1/ : Jun 2/ : May 1/ : Jun 2/ : May 1/ : Jun 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : IL : 53.50 51.50 62.30 57.30 61.60 56.80 IN : 61.50 59.00 61.90 57.90 61.90 58.00 IA : 56.50 54.40 62.50 57.50 62.40 57.40 KS : 57.50 54.50 58.00 54.50 57.90 54.50 MN : 57.10 54.60 64.80 59.90 64.80 59.90 MO : 54.90 52.80 57.40 53.50 57.30 53.50 NE : 59.20 56.70 64.10 59.60 64.00 59.50 NC : 61.40 58.90 63.50 59.30 63.50 59.30 OH : 57.60 54.90 63.20 60.00 63.00 59.80 OK : 53.80 51.80 56.00 53.00 55.60 52.80 PA : 58.80 56.10 58.30 53.90 58.40 54.20 SD : 52.50 49.70 64.00 59.10 62.70 57.80 : US : 57.00 54.20 62.40 57.90 62.10 57.70 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Lambs: Prices Received, by State, May 2010 -------------------------------------------------------------------------------- : May State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ -------------------------------------------------------------------------------- : Dollars per Cwt : CA : 42.00 101.00 CO : 52.00 128.00 ID : 35.00 108.00 IA : 46.00 128.00 MN : 44.60 129.00 MO : 47.40 131.00 MT : 46.30 139.00 NE : 51.10 122.00 ND : 35.00 137.00 OH : 44.70 133.00 OR : 58.00 111.00 PA : 59.00 128.00 SD : 36.40 144.00 TX : 50.00 120.00 VA : 45.00 135.00 WV : 43.00 139.00 WY : 49.10 119.00 : US : 46.10 123.00 -------------------------------------------------------------------------------- 1/ Entire month. Milk and Milk Cows: Prices Received, by State, May and June 2010 -------------------------------------------------------------------------------- : May 1/ : June :------------------------------------------------------------------------ State : Fluid Grade : Manufacturing : All Milk : All Milk : : Milk 2/ 3/ : Grade Milk 3/ : 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 : 14.90 3.40 14.90 3.40 15.60 3.40 CA : 13.80 3.56 13.70 4.05 13.80 3.57 14.50 3.56 CO : 15.20 3.43 15.20 3.43 16.00 3.40 FL : 19.00 3.48 19.00 3.48 20.50 3.49 ID : 14.40 3.57 14.40 3.57 14.90 3.52 IL : 15.30 3.68 13.60 3.67 15.30 3.68 16.00 3.66 IN : 15.80 3.55 15.80 3.55 16.80 3.53 IA : 15.30 3.56 13.70 3.71 15.30 3.56 16.20 3.53 KS : 15.90 3.55 15.90 3.55 16.80 3.51 MI : 15.60 3.53 15.60 3.53 16.50 3.51 MN : 14.90 3.63 13.10 3.66 14.90 3.63 15.20 3.58 MO : 15.30 3.55 12.40 3.60 15.20 3.55 16.10 3.55 NM : 14.50 3.42 14.50 3.42 15.30 3.40 NY : 16.00 3.62 16.00 3.62 16.90 3.61 OH : 16.60 3.63 13.40 3.75 16.50 3.63 17.30 3.58 OR : 16.10 3.68 16.10 3.68 16.70 3.62 PA : 16.90 3.60 16.90 3.60 17.90 3.60 TX : 15.70 3.61 15.70 3.61 16.50 3.57 UT : 15.10 3.59 15.10 3.59 15.70 3.55 VT : 16.30 3.73 16.30 3.73 17.10 3.69 VA : 17.60 3.52 17.60 3.52 18.60 3.47 WA : 15.00 3.68 15.00 3.68 15.60 3.62 WI : 14.90 3.59 13.90 3.70 14.90 3.59 15.10 3.53 : US : 15.10 3.57 13.70 3.87 15.10 3.58 15.80 3.55 -------------------------------------------------------------------------------- 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 for Manufacturing Grade Milk 1/: United States, May and June 2010, with Comparisons -------------------------------------------------------------------------------- Item : Unit :Jun 2009 :May 2010 :Jun 2010 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 42.40 42.00 41.60 Average Price F.O.B : Dollars per Cwt : 10.40 13.70 13.70 Average Fat Test of Milk : Percent : 3.85 3.87 3.82 -------------------------------------------------------------------------------- 1/ The parity price equivalent during 2010 is 93.2 percent of the parity price of all milk sold to plants, compared with 92.4 percent in 2009. For additional details, see January 2010 issue of "Agricultural Prices". 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 : : 2009 : 2010 : 2010 : 2009 : 2010 : 2010 -------------------------------------------------------------------------------- : ---------- Dollars --------- ---- Percent ---- : Basic Commodities : All Wheat, Bu : 0.597 13.80 14.60 14.40 41 30 26 Rice, Cwt : 1.38 36.70 33.70 33.40 40 40 40 Corn, Bu : 0.372 8.50 9.08 9.00 47 38 38 Cotton, Lb : American Upland : 0.084 1.86 2.05 2.03 24 32 33 Extra Long Staple : 0.132 3.19 3.22 3.19 31 35 35 Peanuts, Lb : 0.029 0.786 0.708 0.702 31 29 31 Small Chickpeas, Cwt 5/ : Large Chickpeas, Cwt 5/ : Lentils, Cwt 5/ : : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.83 45.50 44.70 44.30 25 35 36 Honey, Extracted, Lb 3/ : 0.127 2.88 3.10 3.07 49 47 47 : Wool and Mohair : Wool, Lb : 0.085 1.95 2.07 2.06 50 38 38 Mohair, Lb : 0.343 8.67 8.37 8.30 38 32 32 : Other Nonbasic : Barley, Bu : 0.416 9.29 10.20 10.10 51 42 36 Canola, Cwt : 1.630 37.40 39.80 39.40 46 43 43 Cottonseed, Ton : 15.10 341.00 368.00 365.00 62 41 41 Dry Edible Beans, Cwt : 2.88 66.50 70.30 69.70 45 40 44 Flaxseed, Bu : 0.972 22.50 23.70 23.50 43 35 36 Mustard Seed, Cwt : 2.59 57.40 63.20 62.70 Oats, Bu : 0.244 5.62 5.95 5.90 42 37 34 Potatoes, Cwt : 0.833 19.50 20.30 20.20 49 42 41 Rapeseed, Cwt : 2.04 44.30 49.80 49.40 Rye, Bu : 0.474 10.80 11.60 11.50 Safflower, Cwt : 1.95 46.40 47.60 47.20 Sorghum Grain, Cwt : 0.656 15.20 16.00 15.90 41 36 35 Soybeans, Bu : 0.916 20.70 22.40 22.20 55 42 42 All Sunflower, Cwt : 1.85 42.40 45.10 44.80 43 33 33 Sweetpotatoes, Cwt : 2.27 54.80 55.40 54.90 Apples, Fresh, Lb 4/ : 0.033 0.786 0.805 0.799 23 40 39 Citrus (equiv on-tree), Box : Grapefruit : 0.648 15.30 15.80 15.70 54 30 34 Lemons : 1.38 33.80 33.70 33.40 34 29 33 Oranges : 0.660 15.70 16.10 16.00 45 48 51 Tangerines : 1.39 33.60 33.90 33.60 151 49 139 Beef Cattle, Cwt : 10.20 243.00 249.00 247.00 33 38 37 Calves, Cwt : 14.40 348.00 351.00 348.00 31 35 35 Hogs, Cwt : 5.54 133.00 135.00 134.00 33 46 43 Lambs, Cwt : 11.50 274.00 281.00 278.00 38 44 Sheep, Cwt : 4.35 106.00 106.00 105.00 27 43 Eggs, Doz 2/ : 0.091 2.17 2.22 2.20 35 36 36 Turkeys, Live, Lb : 0.056 1.330 1.370 1.360 39 41 45 -------------------------------------------------------------------------------- 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/ Not available. Parity Prices for Farm Products, June 2010, 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 : :: : Misc Commodities : :: Noncitrus Fruit, : Hops, Lb : 0.300 7.26 :: Continued : Spearmint Oil, Lb : 1.42 34.40 :: Papayas (HI) : 0.046 1.110 Tobacco, Lb : :: Peaches : Flue-Cured, 11-14 : 0.216 5.23 :: Fresh, Ton 2/ : 83.00 2,010.00 Fire-Cured, 21-23 : 0.298 7.21 :: Dried, CA, : Burley, 31 : 0.227 5.49 :: Ton : 64.90 1,570.00 Maryland, 32 : 0.186 4.50 :: Processing 3/ : Dark Air-Cured, : :: Excl Dried : 35-37 : 0.268 6.49 :: Clingstone, : PA Seedleaf, 41 : 0.194 4.69 :: CA, Ton : 33.70 816.00 Cigar Binder, 51 : 0.651 15.80 :: Pears, Ton : : :: Fresh 2/ : 54.90 1,330.00 : :: Dried, CA 4/ : 173.00 4,190.00 Noncitrus Fruit : :: Plums, CA, Ton : Apples, Ton 4/ : :: Fresh, Equiv : Processing : 16.70 404.00 :: on-Tree : 60.90 1,470.00 Apricots, Ton : :: Prunes, Dried, : Fresh 5/ :108.00 2,610.00 :: CA, Ton 4/ : 146.00 3,530.00 Dried, CA :253.00 6,120.00 :: Prunes and Plums, : Avocados, Ton 5/ :211.00 5,110.00 :: Excl CA, Ton : Cherries : :: Fresh 7/ : 63.20 1,530.00 Sweet, Ton :205.00 4,960.00 :: Processing 4/ : Tart, Lb : 0.035 0.847:: Excl Dried : 26.50 641.00 Cranberry, Bbl 3/ : 4.75 115.00 :: : Dates, CA, Ton 5/ :197.00 4,770.00 :: Tree Nuts 8/ : Grapes, Ton : :: Almonds, Lb : 0.202 4.89 Raisin Variety :110.00 2,660.00 :: Hazelnuts, Ton : 171.00 4,140.00 Other Dried : 66.60 1,610.00 :: Pistachio, Lb : 0.190 4.60 Kiwifruit, Ton : 95.10 2,300.00 :: Walnuts, Ton : 172.00 4,160.00 Nectarines : :: : Fresh, CA, Ton 5/: 55.40 1,340.00 :: Vegetables, Cwt 9/ : Olives, CA : :: Fresh : canning, Ton 3/ : 94.70 2,290.00 :: Carrots 6/ : 2.54 61.50 : :: Cauliflower 6/ : 4.31 104.00 : :: Celery 6/ : 2.09 50.60 : :: Honeydew Melons : 2.31 55.90 : :: Lettuce : 2.35 56.90 : :: Onions 6/ : 1.52 36.80 : :: Tomatoes : 4.69 113.00 ------------------------------------------------------------------------------- 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 Alabama, Georgia and Texas; June 1 to May 31 for North Carolina, Oklahoma, South Carolina, and Virginia; 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, 2007-2009 ------------------------------------------------------------------------------- State : 2007 : 2008 : 2009 1/ ------------------------------------------------------------------------------- : Dollars per Cwt : AL : 31.90 12.10 20.50 AR 2/ : 13.20 CA : 19.00 30.40 26.80 FL 2/ : 30.00 LA : 19.00 18.30 18.10 MS : 18.90 18.60 20.30 NJ : 27.40 26.90 29.00 NC : 16.40 18.50 19.50 SC 3/ : 18.00 18.00 TX : 19.80 14.40 17.00 VA 3/ : 12.50 9.75 : US : 18.30 21.20 21.80 ------------------------------------------------------------------------------- 1/ Revised. 2/ Estimates began in 2009. 3/ Estimates discontinued in 2009. Oats: Monthly Prices Received, Monthly Farm Marketing Percentages, and Marketing Year Average Prices, United States, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 2.54 3.56 2.37 6.4 5.1 8.2 Jul : 2.32 3.44 2.03 23.0 22.0 10.5 Aug : 2.24 3.16 1.86 24.6 30.9 37.4 Sep : 2.47 3.29 1.82 7.2 10.4 11.6 Oct : 2.45 3.26 2.03 4.0 4.4 5.6 Nov : 2.63 3.00 2.02 3.3 3.0 3.2 Dec : 2.69 3.12 2.22 4.8 3.3 2.3 Jan 3/ : 2.88 2.77 2.19 5.5 6.1 3.2 Feb : 3.19 2.69 2.30 5.0 4.4 4.2 Mar : 3.43 2.77 2.29 6.3 3.5 6.5 Apr : 3.47 2.37 2.25 5.9 3.3 4.5 May : 3.63 2.64 2.19 4.0 3.6 2.8 : MYA 1/ : 2.63 3.15 2.02 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 3.30 4.78 4.70 2.8 3.0 6.1 Jul : 3.46 5.12 5.09 12.0 5.8 9.5 Aug : 3.55 5.46 5.17 22.0 20.2 14.8 Sep : 4.05 5.97 4.78 11.8 12.0 11.0 Oct : 4.53 5.73 4.41 9.2 10.9 8.6 Nov : 4.31 5.44 4.46 8.3 7.5 6.2 Dec : 4.44 5.49 4.54 7.7 6.3 8.6 Jan 3/ : 4.35 5.34 4.68 9.7 12.0 10.5 Feb : 4.38 4.99 4.53 5.9 6.7 8.3 Mar : 4.18 5.03 4.22 5.9 7.1 7.7 Apr : 4.56 4.84 4.08 3.0 5.4 4.7 May : 4.52 4.59 4.25 1.7 3.1 4.0 : MYA 1/ : 4.02 5.37 4.66 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 3.25 4.51 5.38 3.4 2.6 4.9 Jul : 3.49 5.23 5.48 15.1 5.6 9.4 Aug : 3.52 5.67 5.47 20.6 20.1 15.9 Sep : 3.74 6.40 5.32 9.9 11.4 10.7 Oct : 4.16 6.20 4.94 6.6 10.6 8.0 Nov : 4.10 5.63 4.88 9.3 8.3 5.9 Dec : 4.28 5.91 4.84 7.8 6.5 8.8 Jan 3/ : 4.09 5.62 4.87 9.6 13.0 11.3 Feb : 4.29 5.54 4.70 6.6 6.6 8.7 Mar : 4.14 5.50 4.43 6.3 7.2 8.0 Apr : 4.51 5.33 4.55 2.9 5.3 4.3 May : 4.38 5.17 4.51 1.9 2.8 4.1 : MYA 1/ : 3.87 5.71 5.02 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 3.50 5.49 3.16 1.6 4.7 12.7 Jul : 3.27 4.72 2.94 5.2 6.8 9.9 Aug : 3.60 4.54 2.49 25.4 21.0 9.8 Sep : 4.47 4.46 2.14 15.8 15.1 12.5 Oct : 4.89 3.82 2.29 14.9 12.1 11.5 Nov : 5.05 3.43 2.50 5.9 3.7 7.3 Dec : 4.79 3.00 2.63 7.6 5.2 7.9 Jan 3/ : 4.89 2.90 2.63 9.9 7.2 5.9 Feb : 4.67 2.63 3.11 4.3 7.2 5.9 Mar : 4.29 2.73 2.66 5.0 6.8 6.2 Apr : 4.67 2.65 2.40 3.2 5.5 6.9 May : 4.99 2.99 2.49 1.2 4.7 3.5 : MYA 1/ : 4.35 3.82 2.61 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketing Percentages 2/ Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : ---- Dollars per Bushel ---- ---------- Percent ---------- : Jun : 5.03 7.62 5.72 12.0 11.4 10.8 Jul : 5.17 7.15 5.17 27.1 21.8 18.3 Aug : 5.64 7.61 4.85 18.7 14.9 10.8 Sep : 6.76 7.43 4.48 9.4 7.8 9.5 Oct : 7.65 6.65 4.47 4.5 3.8 9.7 Nov : 7.39 6.29 4.79 3.8 3.2 6.8 Dec : 7.71 5.95 4.87 5.9 6.9 6.3 Jan 3/ : 7.96 6.20 4.90 7.8 7.4 7.7 Feb : 10.10 5.79 4.73 3.9 4.3 5.1 Mar : 10.50 5.71 4.70 3.1 6.6 5.2 Apr : 10.10 5.75 4.41 2.0 5.3 6.1 May : 8.87 5.84 4.33 1.8 6.6 3.7 : MYA 1/ : 6.48 6.78 4.87 100.0 100.0 100.0 -------------------------------------------------------------------------------- 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. Monthly Prices Received and Marketing Year Average Prices, United States, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Winter Wheat Month :----------------------------------------------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 5.00 7.51 5.47 Jul : 5.13 7.10 5.02 Aug : 5.66 7.30 4.67 Sep : 6.89 6.99 4.20 Oct : 7.55 6.03 4.27 Nov : 7.31 5.65 4.60 Dec : 7.70 5.40 4.68 Jan 2/ : 7.75 5.70 4.67 Feb : 9.17 5.26 4.53 Mar : 9.96 5.27 4.45 Apr : 9.62 5.26 4.19 May : 8.17 5.52 4.21 : MYA 1/ : 6.13 6.57 4.71 -------------------------------------------------------------------------------- 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, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Durum Wheat : Other Spring Wheat Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 5.49 8.48 7.26 5.17 10.10 6.66 Jul : 6.69 11.70 7.57 5.43 9.52 5.96 Aug : 7.00 12.60 5.83 5.53 8.18 5.54 Sep : 8.98 11.90 4.95 6.26 7.76 4.85 Oct : 11.70 11.50 4.86 6.99 7.20 5.00 Nov : 11.70 8.93 4.59 7.00 7.10 5.19 Dec : 11.50 8.40 4.91 7.39 6.89 5.18 Jan 2/ : 13.10 8.26 4.94 8.01 7.02 5.30 Feb : 14.10 7.53 4.61 11.20 6.61 5.04 Mar : 15.40 7.40 4.57 10.90 6.50 5.04 Apr : 14.30 7.18 4.17 10.50 6.49 4.89 May : 13.50 7.05 4.28 10.70 6.76 4.61 : MYA 1/ : 9.92 9.26 5.47 7.16 7.31 5.23 -------------------------------------------------------------------------------- 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, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Hard Red Spring Wheat : Hard Red Winter Wheat Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 5.17 10.10 6.72 5.10 7.91 5.96 Jul : 5.44 9.68 6.00 5.20 7.59 5.36 Aug : 5.53 8.20 5.59 5.65 7.61 4.84 Sep : 6.22 7.80 4.87 6.85 7.31 4.32 Oct : 6.92 7.27 5.04 7.37 6.20 4.28 Nov : 6.97 7.17 5.24 7.21 5.72 4.68 Dec : 7.38 6.97 5.21 7.68 5.48 4.68 Jan 2/ : 8.00 7.10 5.33 7.56 5.86 4.73 Feb : 11.20 6.73 5.06 9.02 5.39 4.54 Mar : 10.90 6.57 5.06 9.93 5.37 4.48 Apr : 10.50 6.57 4.92 9.58 5.47 4.16 May : 10.80 6.90 4.62 8.03 5.76 4.16 : MYA 1/ : 7.16 7.39 5.26 6.15 6.90 4.84 -------------------------------------------------------------------------------- 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, 2007-2008 through 2009-2010 1/ -------------------------------------------------------------------------------- : Soft Red Winter Wheat : White Wheat Month :-----------------------------------:----------------------------------- : 2007-2008 : 2008-2009 : 2009-2010 : 2007-2008 : 2008-2009 : 2009-2010 -------------------------------------------------------------------------------- : Dollars per Bushel : Jun : 4.77 6.07 4.72 5.51 7.88 5.21 Jul : 4.91 6.15 4.37 5.13 6.89 4.99 Aug : 5.61 6.19 4.04 5.69 7.31 4.68 Sep : 6.51 5.27 3.63 7.08 6.96 4.14 Oct : 6.89 4.60 3.86 8.18 6.10 4.30 Nov : 6.39 4.17 4.21 7.77 5.97 4.39 Dec : 7.03 4.63 4.52 7.83 5.39 4.74 Jan 2/ : 6.93 4.92 4.49 8.38 5.83 4.59 Feb : 8.65 4.61 4.37 10.10 5.26 4.56 Mar : 9.70 4.97 4.14 10.20 5.12 4.52 Apr : 7.88 4.31 4.26 10.30 5.10 4.34 May : 6.35 4.75 4.38 10.00 5.13 4.35 : MYA 1/ : 5.20 5.78 4.35 7.23 6.01 4.52 -------------------------------------------------------------------------------- 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 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 182 (1990-1992=100), is down 0.5 percent from May 2010 but is up 1.1 percent from June 2009. PRODUCTION INDEX: The June index, at 185, decreased 0.5 percent from last month but increased 0.5 percent from last year. Lower prices in June for diesel, feeder cattle, supplements, and feeder pigs more than offset higher prices for complete feeds, other services, mixed fertilizer, and other machinery. Feed: The June index, at 171, decreased 0.6 percent from May and 13 percent from last June. Since May, lower prices for supplements, feed grains, and hay & forages more than offset higher prices for complete feeds and concentrates. Livestock & Poultry: The June index, at 133, decreased 2.9 percent from last month but increased 19 percent from last year. Since May, prices are lower for feeder cattle and feeder pigs. The June feeder cattle price, at $108.40 per cwt, is down $2.70 from the May price. June feeder pigs averaged $165.00 per cwt, down $20.00 from May. Fertilizer: The June index, at 245, is unchanged from May but is 9.6 percent below June a year ago. Since May, higher prices for mixed fertilizer and potash & phosphate offset lower prices for nitrogen. Chemicals: The June index, at 144, is unchanged from May but decreased 2.7 percent from last June. Compared with last month, prices are higher for herbicides and insecticides. Fuels: The June index, at 274, is down 4.2 percent from a month earlier but is 15 percent above June 2009. Compared with last month, prices are lower for diesel, gasoline, and LP gas. Machinery: The June index, at 227, is unchanged from May but is 3.2 percent above last June. Compared with last month, prices are higher for other machinery. CONSUMER PRICE INDEX: The May 2010 Consumer Price Index, as issued by the Bureau of Labor Statistics, for all urban consumers (CPI-U) increased 0.1 percent before seasonal adjustment to a level of 218.178 (1982-1984=100). The April index is 218.009. For the 12-month period ending in May, the overall index increased 2.0 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, June 2010 with Comparisons 1/ -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2009 : 2010 : 2009 : 2010 Ratios :---------------------------------------------- : Jun : May : Jun : Jun : May : Jun -------------------------------------------------------------------------------- Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 2396 2431 2420 180 183 182 Production : 1783 1804 1791 184 186 185 Feed : 964 841 833 197 172 171 Livestock & Poultry : 1436 1748 1694 112 137 133 Seeds : 3008 2815 2815 304 284 284 Fertilizer : 993 899 899 271 245 245 Chemicals : 915 889 890 148 144 144 Fuels : 1834 2207 2118 238 286 274 Supplies & Repairs : 1106 1128 1131 156 159 159 Autos & Trucks : 2924 2985 2973 110 112 112 Machinery : 5509 5690 5697 220 227 227 Building Materials : 2208 2267 2282 163 167 168 Services & Rent : 1981 2063 2066 Services : 160 164 164 Rent : 178 191 191 Interest 2/ : 3478 3211 3211 139 128 128 Taxes 3/ : 6370 7190 7190 238 268 268 Wage Rates : 7004 6998 6998 187 187 187 Production, Interest, Taxes, : & Wage Rates (PITW) : 2472 2505 2491 184 186 185 Family Living-CPI 4/ : 2049 2072 2074 160 162 162 : :---------------------------------------------- : :---------------------------------------------- Ratio (Received\Paid) : 74 77 76 Parity Ratio 5/ : 35 37 36 Parity Ratio Adjusted 6/ : 37 38 38 PPITW Adjusted for : Productivity 7/ : 1440 1431 1430 : :---------------------------------------------- : :---------------------------------------------- Crop Sector (PPITW) : 189 193 193 Livestock Sector (PPITW) : 171 172 171 : :---------------------------------------------- : :---------------------------------------------- Farm Sector (Production) : 185 178 176 Non-Farm Sector (Production) : 183 190 189 -------------------------------------------------------------------------------- 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. 2/ Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 3/ Farm real estate taxes payable per acre. 4/ Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), for the previous month converted by the USDA. 5/ Ratio of index of prices received to PPITW (1910-14=100). 6/ Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.044 for 2010 and the revised factor is 1.041 for 2009. 7/ 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 2010 with Comparisons 1/ -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 2/ : 2009 : 2010 :----------------------------------------------------- : 2009 : 2010 : Jun : May : Jun -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 68.9 70.2 184 186 185 : Feed : 11.4 11.9 197 172 171 Feed Grains : 1.6 1.7 171 150 145 Complete Feeds : 5.6 5.8 206 180 181 Hay/Forage : 1.4 1.5 161 151 149 Concentrates : 1.8 1.9 215 177 177 Supplements : 1.0 1.0 214 190 174 Livestock & Poultry : 8.2 8.6 112 137 133 Feeder Cattle : 6.4 6.7 113 131 128 Feeder Pigs : 0.7 0.7 66 201 180 Milk Cow Replacements : 0.7 0.7 123 118 118 Poultry : 0.5 0.5 148 148 148 Seeds : 3.8 3.9 304 284 284 Field Crops : 3.5 3.6 319 299 299 Grasses/Legumes : 0.4 0.4 161 139 139 Fertilizer : 4.7 5.2 271 245 245 Mixed Fertilizer : 2.1 2.3 272 231 232 Nitrogen : 2.0 2.2 263 240 238 Potash & Phosphate : 0.7 0.7 291 308 309 Chemicals : 3.3 3.2 148 144 144 Herbicides : 2.1 2.0 140 133 133 Insecticides : 0.8 0.7 159 162 162 Fungicides/Other : 0.5 0.5 165 165 165 Fuels : 3.6 3.9 238 286 274 Diesel : 2.3 2.5 237 305 293 Gasoline : 0.8 0.9 226 248 238 LP Gas : 0.4 0.5 260 251 240 Supplies & Repairs : 4.6 4.6 156 159 159 Supplies : 1.5 1.5 152 154 155 Repairs : 3.1 3.0 158 162 162 Autos & Trucks : 1.6 1.5 110 112 112 Autos : 0.2 0.2 109 110 110 Trucks : 1.4 1.3 110 113 112 Machinery : 4.4 4.5 220 227 227 Tractors : 1.0 1.0 186 189 189 Self-Propelled : 1.8 1.8 229 234 234 Other Machinery : 1.7 1.7 229 241 242 Building Materials : 4.6 4.5 163 167 168 Services : 12.2 12.1 160 164 164 Custom Rates : 1.3 1.2 145 145 145 Other Services : 11.0 10.8 162 166 167 Rent : 6.4 6.3 178 191 191 Cash : 3.4 3.4 224 243 243 Share : 3.0 2.9 124 130 130 Interest : 3.7 3.6 139 128 128 Taxes : 3.0 3.0 238 268 268 Wage Rates : 7.6 7.5 187 187 187 Family Living-CPI : 16.9 15.7 160 162 162 -------------------------------------------------------------------------------- 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. 2/ Weights may not add due to rounding. Feed Price Ratios: United States, June 2010 with Comparisons -------------------------------------------------------------------------------- : 2009 : 2010 Feed Price Ratio 1/ :----------------------- : Jun : May : Jun -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed equal : in value to 1 pound of broiler, live weight 2/ : 4.2 *5.0 5.1 : Market Egg Feed: Pounds of Laying Feed equal in : value to 1 dozen eggs 3/ : 3.8 *5.1 5.0 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 10.8 *17.8 17.1 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk 4/ : 1.45 *2.19 2.33 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 21.2 *28.6 28.3 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight 5/ : 4.8 *6.2 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. 2/ The price of commercial prepared broiler feed is based on current U.S. prices received for corn and soybeans. The modeled feed uses 58 percent corn and 42 percent soybeans. 3/ The price of commercial prepared layer feed is based on current U.S. prices received for corn and soybeans. The modeled feed uses 75 percent corn and 25 percent soybeans. 4/ The price of commercial prepared dairy feed is based on current U.S. prices received for corn, soybeans, and alfalfa. The modeled feed uses 51 percent corn, 8 percent soybeans, and 41 percent alfalfa. 5/ The price of commercial prepared turkey feed is based on current U.S. prices received for corn, soybeans, and wheat. The modeled feed used 51 percent corn, 28 percent soybeans, and 21 percent wheat. Prices Used to Calculate Feed Price Ratios: United States, June 2010 with Comparisons -------------------------------------------------------------------------------- : : Entire Month : Preliminary Commodity : Unit :------------------------------------------- : : Jun : May : Jun : : 2009 : 2010 : 2010 -------------------------------------------------------------------------------- : : Dollars : : Broilers, Live : Lb : 0.510 0.510 0.510 Eggs, Market : Doz : 0.389 0.441 0.422 : : Hogs, All : Cwt : 43.30 62.10 57.70 Milk, All : Cwt : 11.30 15.10 15.80 : : Steers and Heifers : Cwt : 84.90 99.70 95.70 Turkeys, Live : Lb : 0.525 0.561 0.617 : : Corn : Bu : 4.01 3.48 3.38 Hay, Alfalfa, Baled : Ton : 128.00 121.00 119.00 : : Soybeans : Bu : 11.40 9.41 9.39 Wheat, All : Bu : 5.72 4.33 3.80 -------------------------------------------------------------------------------- Feeder Livestock: Prices Paid, United States June 2010 with Comparisons -------------------------------------------------------------------------------- : : 2009 : 2010 Commodity : Unit :------------------------------------------- : : Jun : May : Jun -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 95.80 *111.10 108.40 Feeder Pigs : Cwt : 61.00 *185.00 165.00 -------------------------------------------------------------------------------- * Revised. Reliability of Prices Paid Estimates 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 March 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 March 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 for March when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA to measure price change. Reliability: Current methods of summarization for the March data 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 1990-1992 reference and base period replaced the 1977 reference and 1971- 1973 base weight period. Five-year moving average weights replaced the current fixed 1971-1973 base period weights. The 1910-1914=100 price indexes, required by statute for computing parity prices, were linked forward based on the changes in the new 1990-1992=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 Direct general questions to Kevin Barnes, Chief, Environmental, Economics and Demographics Branch at (202) 720-6146. Below are the commodity specialists to contact for additional information. Crop Prices Received Lance Honig, Chief, Crops Branch................................. (202) 720-2127 Jacqueline Moore, Field Crops Section............................ (202) 720-2127 Nick Schauer - Wheat, Rye..................................... (202) 720-8068 Anthony Prillaman - Corn, Proso Millet, Flaxseed.............. (202) 720-9526 Shiela Corley - Cotton, Cottonseed............................ (202) 720-5944 Travis Thorson - Soybeans, Sunflower, Canola, Other Oilseeds.. (202) 720-7369 Bryan Durham - Hay, Oats, Sorghum............................. (202) 690-3234 Suzanne Avilla - Peanuts, Rice................................ (202) 720-7688 Julie Schmidt - Sugarcane, Sugarbeets, Barley................. (202) 720-7621 Jorge Garcia-Pratts, Fruits, Vegetables & Special Crops Section.. (202) 720-2127 Dan Norris - Dry Edible Beans, Peaches, Pears, Hops, Pulses, Mint............................................... (202) 720-3250 Steve Maliszewski - Citrus, Coffee, Grapes, Tropical Fruits... (202) 720-5412 Fred Granja - Apples, Apricots, Cherries, Plums, Prunes, Tobacco.................................................... (202) 720-4288 Debbie Flippin - Vegetables, Onions, Strawberries............. (202) 720-2157 Dawn Keen - Tree Nuts......................................... (202) 720-4215 Mike Jacobsen - Cranberries................................... (202) 720-9085 Tierra Mobley - Potatoes, Sweet Potatoes...................... (202) 720-4285 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch............................ (202) 720-3570 Scott Hollis, Livestock Section.................................. (202) 720-3570 Everett Olbert - Sheep, Lambs, Goats, Wool, Mohair............ (202) 720-4751 Mike Miller - Milk, Milk Cows................................. (202) 720-3278 Nicholas Streff - Hogs........................................ (202) 720-3106 Jason Hardegree - Cattle...................................... (202) 720-3040 Bruce Boess, Poultry and Specialty Commodities Section........... (202) 720-3570 Doug Bounds - Turkeys......................................... (202) 690-3237 Troy Marshall - Broilers, Honey............................... (202) 720-3244 Kim Linonis - Eggs............................................ (202) 690-8632 Indexes, Prices Paid, and Parity Prices Kevin Barnes, Chief, Environmental, Economics and Demographics Branch........................................... (202) 720-6146 Kevin Hintzman, Economics Section................................ (202) 720-6146 Jennifer Sissom - 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, Autos & Trucks, Grazing Fees............................................... (202) 690-3229 Daryl Brinkman - Prices Received Indexes, Parity Prices....... (202) 720-8844 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. For free access, connect to the Internet and go to the NASS Home Page at: www.nass.usda.gov. 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.nass.usda.gov, under the right navigation, Receive reports by Email, click on National or State. 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