Agricultural Prices ISSN: 1937-4216 Released May 31, 2012, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). May Farm Prices Received Index Declined 2 Points The preliminary All Farm Products Index of Prices Received by Farmers in May, at 176 percent, based on 1990-1992=100, decreased 2 points (1.1 percent) from April. The Crop Index is down 3 points (1.4 percent) and the Livestock Index decreased 1 point (0.7 percent). Producers received lower prices for cattle, corn, milk, and wheat. Higher prices were received for broilers, grapefruit, hay, and oranges. 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 movement of broilers, sweet corn, wheat, and grapes offset the decreased marketing of corn, cattle, milk, and soybeans. The preliminary All Farm Products Index is up 1 point (0.6 percent) from May 2011. The Food Commodities Index, at 164, decreased 1 point (0.6 percent) from last month and decreased 1 point (0.6 percent) from May 2011. Prices Paid Index Down 1 Point The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 212 percent of the 1990-1992 average. The index is down 1 point (-0.5 percent) from April but 8 points (3.9 percent) above May 2011. Lower prices in May for LP gas, diesel, feeder pigs, and feeder cattle offset higher prices for nitrogen, concentrates, complete feeds, and hay & forages. Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 1990-1992 Base - United States: May 2012 with Comparisons ------------------------------------------------------------------------------------ : May : April : May Index :----------------------------------------- : 2011 : 2012 : 2012 ------------------------------------------------------------------------------------ : Prices received by farmers ...............: 175 178 176 : Prices paid by farmers ...................: 204 213 212 : Ratio of prices received to prices paid ..: 86 84 83 ------------------------------------------------------------------------------------ Contents Prices Received by Farmers............................................................................... 4 Prices Received Indexes - United States: May 2012 with Comparisons....................................... 5 Prices Received and Prices Paid Indexes by Month for Selected Groups - United States: 2011 and 2012, 1990-1992 Base........................................................................................ 5 Received Indexes by Month, Livestock Products, All Products, and All Crops - United States: 1990-1992=100 Chart.................................................................... 6 Received Indexes by Month, Food Grains, Feed Grains & Hay, and Oilseeds - United States: 1990-1992=100 Chart.................................................................... 6 Received Indexes by Month, Fruit & Nut and Commercial Vegetables - United States: 1990-1992=100 Chart.................................................................... 7 Received Indexes by Month, Meat Animal, Dairy Products, and Poultry & Eggs - United States: 1990-1992=100 Chart.................................................................... 7 Prices Received for Field Crops and Fruits - United States: May 2012 with Comparisons.................... 8 Prices Received for Vegetables and Livestock - United States: May 2012 with Comparisons.................. 9 Prices Received for Corn by Month - United States Chart.................................................. 10 Prices Received for Wheat by Month - United States Chart................................................. 10 Prices Received for Upland Cotton by Month - United States Chart......................................... 11 Prices Received for Soybeans by Month - United States Chart.............................................. 11 Prices Received for Cattle by Month - United States Chart................................................ 12 Prices Received for Milk by Month - United States Chart.................................................. 12 Prices Received for Hogs by Month - United States Chart.................................................. 13 Prices Received for Poultry by Month - United States Chart............................................... 13 Prices Received for All Wheat, Corn, and Soybeans by Month - United States: 2012 with Comparisons........ 14 Prices Received for Beef Cattle and All Hogs by Month - United States: 2012 with Comparisons............. 14 Prices Received for All Wheat - States and United States: May 2012 with Comparisons...................... 15 Prices Received for Winter Wheat - States and United States: May 2012 with Comparisons................... 15 Prices Received for Durum Wheat - States and United States: May 2012 with Comparisons.................... 16 Prices Received for Spring Wheat - States and United States: May 2012 with Comparisons................... 16 Prices Received for All Barley - States and United States: May 2012 with Comparisons..................... 17 Prices Received for Malting Barley - States: May 2012 with Comparisons................................... 17 Prices Received for Feed Barley - States: May 2012 with Comparisons...................................... 17 Prices Received for Corn - States and United States: May 2012 with Comparisons........................... 18 Prices Received for Soybeans - States and United States: May 2012 with Comparisons....................... 18 Prices Received for Oats - States and United States: May 2012 with Comparisons........................... 19 Prices Received for Sorghum Grain - States and United States: May 2012 with Comparisons.................. 19 Prices Received for Dry Beans - States and United States: May 2012 with Comparisons...................... 20 Prices Received for Peanuts (In-Shell) - States and United States: May 2012 with Comparisons............. 20 Prices Received for Sunflower - States and United States: May 2012 with Comparisons...................... 21 Prices Received for Canola - States and United States: May 2012 with Comparisons......................... 21 Prices Received for Flaxseed - States and United States: May 2012 with Comparisons....................... 21 Prices Received for Upland Cotton and Cottonseed - States and United States: May 2012 with Comparisons... 22 Prices Received and Farm Marketings for Upland Cotton and Rice - United States: May 2012 with Comparisons...................................................................................... 22 Prices Received for Hay by Type - States and United States: May 2012 with Comparisons.................... 23 Prices Received for Apples - States and United States: May 2012 with Comparisons......................... 23 Prices Received for Citrus Fruits by Utilization - States and United States: May 2011.................... 24 Prices Received for Citrus Fruits by Utilization - States and United States: April 2012.................. 25 Prices Received for Citrus Fruits by Utilization - States and United States: May 2012.................... 26 Prices Received for Potatoes - States and United States: May 2012 with Comparisons....................... 27 Prices Received for All Milk - States and United States: May 2012 with Comparisons....................... 28 Prices Received for Milk Cows - States and United States: April 2012 with Comparisons.................... 29 Commodity Parity Prices and Price as Percent of Parity Price - United States: May 2012 with Comparisons.. 30 Commodity Parity Prices - United States: May 2012 with Comparisons....................................... 31 Reliability of Prices Received Estimates................................................................. 33 Prices Paid by Farmers................................................................................... 34 Prices Paid Indexes and Related Parity Ratios - United States: May 2012 with Comparisons................. 35 Prices Paid Indexes and Annual Weights for Input Components and Sub-Components - United States: May 2012 with Comparisons............................................................................. 36 Paid Indexes by Month, All Items and Production Items - United States: 1990-1992=100 Chart.................................................................... 37 Paid Indexes, Annual Averages, Production Items, Interest, Taxes, and Wages - United States: 1990-1992=100 Chart.................................................................... 37 Paid Indexes by Farm Type, All Items - United States: 1990-1991=100 Chart................................ 38 Paid Indexes by Origin, All Production Items - United States: 1990-1992=100 Chart........................ 38 Paid Indexes by Non-Farm Sector, Supplies & Repairs, Fertilizer, Machinery, and Fuel - United States: 1990-1992=100 Chart.................................................................... 39 Paid Indexes by Month, Feed and Replacement Livestock - United States: 1990-1992=100 Chart............... 39 Feed Price Ratios - United States: May 2012 with Comparisons............................................. 40 Prices Received Used to Calculate Feed Price Ratios - United States: May 2012 with Comparisons........... 40 Prices Paid for Feeder Livestock - United States: May 2012 with Comparisons.............................. 40 Prices Paid Broiler-Feed Ratio Monthly and Annual Average - United States: 2008-2012..................... 41 Prices Paid Market Egg-Feed Ratio Monthly and Annual Average - United States: 2008-2012.................. 41 Prices Paid Turkey-Feed Ratio Monthly and Annual Average - United States: 2008-2012...................... 41 Prices Paid Milk-Feed Ratio Monthly and Annual Average - United States: 2008-2012........................ 42 Prices Paid Hog-Corn Ratio Monthly and Annual Average - United States: 2008-2012......................... 42 Prices Paid Steer & Heifer-Corn Feed Ratio Monthly and Annual Average - United States: 2008-2012......... 42 Reliability of Prices Paid Estimates..................................................................... 43 Information Contacts..................................................................................... 44 Prices Received by Farmers The May All Farm Products Index is 176 percent of its 1990-1992 base, down 1.1 percent from the April index but 0.6 percent above the May 2011 index. All crops: The May index, at 204, decreased 1.4 percent from April but remained slightly above May 2011. Index decreases for feed grains & hay, food grains, and potatoes & dry beans more than offset the index increases for fruits & nuts, upland cotton, and commercial vegetables. Food grains: The May index, at 216, is 4.4 percent below the previous month and 15 percent below a year ago. The May all wheat price, at $6.60 per bushel, is down 51 cents from April and $1.56 below May 2011. Feed grains & hay: The May index, at 269, is down 1.1 percent from last month but 1.1 percent above a year ago. The corn price, at $6.22 per bushel, is down 12 cents from last month and 10 cents below May 2011. The all hay price, at $199 per ton, is up $9.00 from April and $28.00 higher than last May. Sorghum grain, at $10.10 per cwt, is 50 cents below April and $1.50 below May last year. Cotton, Upland: The May index, at 157, is up 4.7 percent from April and 15 percent above last year. The May price, at 95.1 cents per pound, is up 4.2 cents from the previous month and 11.9 cents above last May. Oilseeds: The May index, at 245, is unchanged from April but 3.4 percent higher than May 2011. The soybean price, at $13.70 per bushel, is unchanged from April but is 50 cents above May 2011. Fruits & nuts: The May index, at 173, is up 6.1 percent from April and 16 percent higher than a year ago. Price increases for oranges and grapefruit more than offset the price decrease for strawberries. Commercial vegetables: The May index, at 138, is unchanged from last month but 19 percent below May 2011. Price increases during May for onions and cucumbers offset the lower price for lettuce. Potatoes & dry beans: The May index, at 179, is down 7.7 percent from last month and 5.3 percent below May 2011. The all potato price, at $9.86 per cwt, is down 89 cents from April and $1.31 from last May. The all dry bean price, at $44.60 per cwt, is down $2.40 from the previous month but $11.70 above May 2011. Livestock and products: The May index, at 151, is 0.7 percent below last month and May 2011. Compared with a year ago, prices for milk and hogs are down from last year. Prices are higher for cattle, broilers, calves, turkeys, and all eggs. Meat animals: The May index, at 158, is down 2.5 percent from last month but 4.6 percent higher than last year. The May hog price, at $61.60 per cwt, is down $1.20 from April and $7.00 lower than a year ago. The May beef cattle price of $121 per cwt is down $3.00 from last month but $9.00 higher than May 2011. Dairy products: The May index, at 126, is down 2.3 percent from a month ago and 16 percent lower than May last year. The May all milk price of $16.40 per cwt declined 40 cents from last month and is $3.20 lower than May 2011. Poultry & eggs: The May index, at 163, is up 2.5 percent from April and 5.2 percent above a year ago. The May market egg price, at 59.4 cents per dozen, decreased 4.8 cents from April and is 2.8 cents below May 2011. The May broiler price, at 53.0 cents per pound, is up 2.0 cents from April and 3.0 cents above a year ago. The May turkey price, at 73.8 cents per pound, is up 0.1 cents from the previous month and up 5.9 cents from a year earlier. Prices Received Indexes - United States: May 2012 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov] -------------------------------------------------------------------------------------------------------------------- : 1910-1914 Base : 1990-1992 Base :----------------------------------------------------------------------------------- : 1990-1992 : May : April : May : May : April : May Index : Average : 2011 : 2012 : 2012 : 2011 : 2012 : 2012 -------------------------------------------------------------------------------------------------------------------- : percent : : All products ...................: 639 1111 1127 1116 175 178 176 : All crops ......................: 500 1004 1026 1011 203 207 204 Food grains ..................: 325 801 717 684 253 226 216 Feed grains & hay ............: 363 948 971 959 266 272 269 Cotton, Upland ...............: 517 704 769 805 137 150 157 Tobacco ......................: 1263 1491 1559 1559 99 103 103 Oilseeds .....................: 554 1296 1344 1342 237 245 245 Fruits & nuts ................: 716 1041 1137 1211 149 163 173 Commercial vegetables ........: 698 1213 982 988 170 138 138 Potatoes & dry beans .........: 540 959 981 906 189 194 179 Other crops ..................: 493 643 645 645 131 131 131 : Livestock and products .........: 768 1163 1169 1158 152 152 151 Meat animals .................: 1021 1537 1647 1607 151 162 158 Dairy products ...............: 799 1206 1034 1009 150 129 126 Poultry & eggs ...............: 282 435 447 458 155 159 163 : Food commodities ...............: (NA) (NA) (NA) (NA) 165 165 164 -------------------------------------------------------------------------------------------------------------------- (NA) Not available. Prices Received and Prices Paid Indexes by Month for Selected Groups - United States: 2011 and 2012, 1990-1992 Base [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Blank data cells indicate estimation period has not yet begun] -------------------------------------------------------------------------------- : Index of prices received : Index of prices paid :---------------------------------------------------------------- : : : Livestock : : Month : All farm : All : and : All : Production : products : crops : products : items : items :---------------------------------------------------------------- :2011 :2012 :2011 : 2012 : 2011 :2012 : 2011 :2012 : 2011 : 2012 -------------------------------------------------------------------------------- : percent percent percent percent percent : January .......: 166 188 189 212 137 156 195 210 204 222 February ......: 171 181 200 205 144 158 197 211 207 223 March .........: 173 184 198 210 152 160 201 213 212 226 April .........: 176 178 200 207 156 152 203 213 215 226 May ...........: 175 176 203 204 152 151 204 212 216 225 June ..........: 180 209 153 203 215 July ..........: 181 207 155 204 216 August ........: 183 209 158 205 217 September .....: 179 203 152 205 218 October .......: 184 203 154 205 217 November ......: 184 206 157 206 219 December ......: 179 198 157 206 218 -------------------------------------------------------------------------------- Prices Received for Field Crops and Fruits - United States: May 2012 with Comparisons ------------------------------------------------------------------------------------------------------ : Average : : : Preliminary Commodity : 1990-1992 : May 2011 : April 2012 : May 2012 ------------------------------------------------------------------------------------------------------ : Field crops : Austrian winter peas .........dollars/cwt: (NA) 19.00 (S) (S) Barley, all ...............dollars/bushel: 2.12 4.15 5.72 5.43 Feed .....................dollars/bushel: 1.90 4.61 5.15 4.75 Malting ..................dollars/bushel: 2.43 4.04 5.87 5.64 Beans, dry edible ............dollars/cwt: 19.10 32.90 47.00 44.60 Canola .......................dollars/cwt: (NA) 23.50 27.80 28.00 Chickpeas, all ...............dollars/cwt: (NA) 36.10 45.80 (S) Large .......................dollars/cwt: (NA) 38.50 46.10 (S) Small .......................dollars/cwt: (NA) 29.80 (S) (S) Corn ......................dollars/bushel: 2.30 6.32 6.34 6.22 : Cotton, Upland .............dollars/pound: 0.606 0.832 0.909 0.951 Cottonseed 1/ ................dollars/ton: 96.00 (NA) (NA) (NA) Flaxseed ..................dollars/bushel: 4.27 14.20 14.10 14.10 Hay, all, baled ..............dollars/ton: 76.30 171.00 190.00 199.00 Alfalfa .....................dollars/ton: 77.20 187.00 207.00 215.00 Other .......................dollars/ton: 60.00 114.00 140.00 146.00 Lentils ......................dollars/cwt: (NA) 29.50 21.50 21.80 Oats ......................dollars/bushel: 1.22 3.55 3.81 3.76 Peanuts, in-shell ..........dollars/pound: 0.304 0.228 0.351 0.347 Peas, dry edible .............dollars/cwt: (NA) 12.60 16.40 17.10 : Potatoes .....................dollars/cwt: 5.82 11.17 10.75 9.86 Rice, all ....................dollars/cwt: 7.07 12.70 13.90 13.70 Long ........................dollars/cwt: (NA) 10.90 13.20 13.10 Medium and short ............dollars/cwt: (NA) 19.00 15.30 16.00 Sorghum grain ................dollars/cwt: 3.75 11.60 10.60 10.10 Soybeans ..................dollars/bushel: 5.61 13.20 13.70 13.70 Sunflowers, all ..............dollars/cwt: 9.50 30.00 28.50 27.00 : Wheat, all ................dollars/bushel: 2.96 8.16 7.11 6.60 Winter ...................dollars/bushel: 2.93 7.80 6.47 6.18 Durum ....................dollars/bushel: 2.86 7.86 9.18 8.75 Other spring .............dollars/bushel: 3.11 8.85 7.95 7.61 Hard red winter 2/ .......dollars/bushel: (NA) 8.00 6.43 (NA) Soft red winter 2/ .......dollars/bushel: (NA) 7.09 6.67 (NA) Hard red spring 2/ .......dollars/bushel: (NA) 8.95 8.05 (NA) White 2/ .................dollars/bushel: 3.24 7.22 6.54 (NA) : Fruits : Citrus, equivalent on-tree : Grapefruit ..................dollars/box: 5.77 7.55 6.42 13.83 Lemons ......................dollars/box: 10.10 10.26 15.36 16.80 Oranges .....................dollars/box: 5.79 7.53 9.34 10.20 Tangelos ....................dollars/box: 5.82 (NA) (NA) (NA) Tangerines and mandarins ....dollars/box: 15.11 (D) (D) (D) : Noncitrus, fresh : Apples 3/ .................dollars/pound: 0.212 0.256 0.329 0.333 Grapes 3/ ...................dollars/ton: 506.00 (S) (NA) (NA) Peaches 3/ ..................dollars/ton: 432.00 1,290.00 (S) 1,390.00 Pears 3/ ....................dollars/ton: 370.00 571.00 357.00 409.00 Strawberries ................dollars/cwt: 56.00 80.80 94.40 88.40 ------------------------------------------------------------------------------------------------------ (D) Withheld to avoid disclosing data for individual operations. (NA) Not available. (S) Insufficient number of reports to establish an estimate. 1/ Marketing year August - February. 2/ Preliminary estimates not set for this item. 3/ Equivalent packinghouse-door returns for California, Michigan, New York (apples only), and Washington (apples, peaches, and pears). Prices as sold for other states. Prices Received for Vegetables and Livestock - United States: May 2012 with Comparisons [Price data source for livestock and poultry commodities is United States Department of Agriculture's Agricultural Marketing Service] ------------------------------------------------------------------------------------------------------ : Average : : : Preliminary Commodity : 1990-1992 : May 2011 : April 2012 : May 2012 ------------------------------------------------------------------------------------------------------ : Vegetables, fresh 1/ : Asparagus ....................dollars/cwt: 79.80 77.60 107.00 110.00 Beans, snap 2/ ...............dollars/cwt: (NA) 58.10 70.70 53.80 Broccoli .....................dollars/cwt: 22.50 40.20 22.60 27.00 Cantaloupes 2/ ...............dollars/cwt: (NA) 18.00 (S) (S) Carrots ......................dollars/cwt: 13.20 44.80 27.60 27.50 Cauliflower ..................dollars/cwt: 26.80 56.80 28.40 34.70 Celery .......................dollars/cwt: 11.60 33.10 12.70 16.00 Corn, sweet ..................dollars/cwt: 15.70 19.90 22.40 21.70 Cucumbers 2/ .................dollars/cwt: (NA) 19.20 22.30 28.90 Lettuce ......................dollars/cwt: 11.90 26.40 17.50 14.90 Onions 3/ ....................dollars/cwt: 12.80 15.10 18.00 22.80 Tomatoes .....................dollars/cwt: 32.30 49.10 26.70 30.10 : Livestock : Calves .......................dollars/cwt: 94.30 137.00 178.00 176.00 Cattle, all beef .............dollars/cwt: 72.90 112.00 124.00 121.00 Cows 4/ .....................dollars/cwt: 49.60 78.20 85.50 87.30 Steers and heifers ..........dollars/cwt: 77.10 115.00 128.00 124.00 Milk cows 5/ ................dollars/head: 1130.00 (NA) 1440.00 (NA) Hogs, all ....................dollars/cwt: 47.70 68.60 62.80 61.60 Barrows and gilts ...........dollars/cwt: 48.40 69.20 63.10 62.00 Sows ........................dollars/cwt: 39.50 56.00 55.20 52.30 : Dairy and poultry : Milk, all 6/ .................dollars/cwt: 13.06 19.60 16.80 16.40 Fat test ........................percent: 3.66 3.66 3.67 3.62 Broilers, live 7/ ..........dollars/pound: 0.317 0.500 0.510 0.530 Eggs, all 8/ ...............dollars/dozen: 0.643 0.822 0.863 0.826 Market 8/ 9/ ..............dollars/dozen: 0.546 0.622 0.642 0.594 Turkeys, live 8/ 10/ 11/ ...dollars/pound: 0.380 0.679 0.737 0.738 : Adjusted for seasonal variation : Eggs, all ..................dollars/dozen: 0.545 1.010 0.905 1.010 Seasonal factor .................percent: 100 82 95 82 Milk, all 6/ .................dollars/cwt: 9.71 20.80 17.90 17.50 Seasonal factor .................percent: 100 94 94 94 ------------------------------------------------------------------------------------------------------ (NA) Not available. (S) Insufficient number of reports to establish an estimate. 1/ Beginning January 2006, point of first sale. FOB shipping point for prior years. 2/ Monthly estimates began January 1995. 3/ Includes some processing. 4/ Beef cows and cull dairy cows sold for slaughter. 5/ Animals sold for dairy herd replacement only. Prices available for January, April, July, and October. 6/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 7/ Live weight equivalent 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/ Beginning January 2011, price reflects FOB shipping point basis. Prior year price reflects delivered basis. Prices Received for All Wheat, Corn, and Soybeans by Month - United States: 2012 with Comparisons [Current month prices are mid-month; prices for previous months and years are for the entire month. Blank data cells indicate estimation period has not yet begun] ------------------------------------------------------------------------------------------------------------------------ : All wheat : Corn : Soybeans Month :----------------------------------------------------------------------------------------------------------- : : :Preliminary: : :Preliminary: : :Preliminary : 2010 : 2011 : 2012 : 2010 : 2011 : 2012 : 2010 : 2011 : 2012 ------------------------------------------------------------------------------------------------------------------------ : dollars per bushel : January ....: 4.90 6.69 7.04 3.66 4.94 6.07 9.79 11.60 11.90 February ...: 4.73 7.42 7.10 3.55 5.65 6.28 9.41 12.70 12.20 March ......: 4.70 7.55 7.19 3.55 5.53 6.35 9.39 12.70 13.00 April ......: 4.41 8.01 7.11 3.41 6.36 6.34 9.47 13.10 13.70 May ........: 4.34 8.16 6.60 3.48 6.32 6.22 9.41 13.20 13.70 June .......: 4.16 7.41 3.41 6.38 9.45 13.20 July .......: 4.49 7.10 3.49 6.33 9.79 13.20 August .....: 5.44 7.61 3.65 6.88 10.10 13.40 September ..: 5.79 7.55 4.08 6.37 9.98 12.20 October ....: 5.88 7.29 4.32 5.71 10.20 11.70 November ...: 6.10 7.26 4.55 5.84 11.10 11.70 December ...: 6.44 7.19 4.82 5.86 11.60 11.50 ------------------------------------------------------------------------------------------------------------------------ Prices Received for Beef Cattle and All Hogs by Month - United States: 2012 with Comparisons [Current month prices are mid-month; prices for previous months and years are for the entire month. Blank data cells indicate estimation period has not yet begun] ---------------------------------------------------------------------------------- : Beef cattle 1/ : All hogs 2/ Month :----------------------------------------------------------------------- : : :Preliminary: : :Preliminary : 2010 : 2011 : 2012 : 2010 : 2011 : 2012 ---------------------------------------------------------------------------------- : dollars per cwt : January ..: 82.30 107.00 125.00 48.40 56.00 63.50 February .: 85.70 108.00 127.00 48.90 61.40 65.50 March ....: 90.40 115.00 128.00 52.10 62.90 65.20 April ....: 95.60 119.00 124.00 56.50 67.80 62.80 May ......: 94.70 112.00 121.00 62.20 68.60 61.60 June .....: 90.40 107.00 58.20 69.70 July .....: 91.70 111.00 58.50 71.70 August ...: 93.50 111.00 61.30 75.80 September : 94.10 112.00 61.00 67.10 October ..: 93.10 117.00 53.30 68.70 November .: 94.00 120.00 47.80 64.40 December .: 98.10 120.00 52.40 63.50 ---------------------------------------------------------------------------------- 1/ Cows and steers & heifers. 2/ Barrows & gilts and sows. Prices Received for All Wheat - States and United States: May 2012 with Comparisons ------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 ------------------------------------------------------------------------------- : dollars per bushel : Arizona ..............: (D) (S) (S) Arkansas .............: (D) 6.39 6.30 California ...........: 7.62 (D) (D) Colorado .............: 7.96 6.01 5.62 Idaho ................: 7.48 7.08 7.21 Illinois .............: 7.63 6.28 6.10 Indiana ..............: 7.55 6.35 6.01 Kansas ...............: 8.41 6.36 6.00 Michigan .............: 7.01 6.31 6.20 Minnesota ............: 8.10 7.93 7.38 : Missouri .............: 6.73 6.13 5.95 Montana ..............: 7.86 7.70 7.19 Nebraska .............: 7.16 6.05 5.95 North Carolina .......: 6.99 7.18 6.61 North Dakota .........: 9.29 7.97 7.36 Ohio .................: 7.12 6.76 6.44 Oklahoma .............: 8.08 6.37 6.10 Oregon ...............: 7.77 6.75 6.68 South Dakota .........: 9.73 6.96 6.74 Texas ................: 8.43 6.45 6.04 Washington ...........: 7.97 6.93 6.81 : United States ........: 8.16 7.11 6.60 ------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Winter Wheat - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Arkansas ...........: (D) 6.39 6.30 California .........: 7.62 (D) (D) Colorado ...........: 7.96 6.00 5.61 Idaho ..............: 7.07 6.70 6.70 Illinois ...........: 7.63 6.28 6.10 Indiana ............: 7.55 6.35 6.01 Kansas .............: 8.41 6.36 6.00 Michigan ...........: 7.01 6.31 6.20 Minnesota ..........: 7.56 (D) 5.60 Missouri ...........: 6.73 6.13 5.95 : Montana ............: 7.32 6.98 (D) Nebraska ...........: 7.16 6.05 5.95 North Carolina .....: 6.99 7.18 6.61 North Dakota .......: 6.87 6.46 5.70 Ohio ...............: 7.12 6.76 6.44 Oklahoma ...........: 8.08 6.37 6.10 Oregon .............: 7.53 6.57 6.60 South Dakota .......: 8.06 6.17 6.10 Texas ..............: 8.43 6.45 6.04 Washington .........: 7.45 6.56 6.49 : United States ......: 7.80 6.47 6.18 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. Prices Received for Durum Wheat - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Arizona ............: (D) (S) (S) California .........: (S) (S) (S) Idaho ..............: (D) (D) (D) Montana ............: 8.56 12.30 (D) North Dakota .......: 8.53 8.02 7.40 : United States ......: 7.86 9.18 8.75 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Spring Wheat - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Colorado ...........: (S) (D) (D) Idaho ..............: 8.40 7.64 7.75 Minnesota ..........: 8.12 7.93 7.40 Montana ............: 8.23 7.80 7.80 North Dakota .......: 9.47 8.00 7.45 Oregon .............: 9.17 7.63 7.10 South Dakota .......: 10.30 8.13 7.70 Washington .........: 9.38 8.23 7.88 : United States ......: 8.85 7.95 7.61 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for All Barley - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : California .........: 5.98 (S) (S) Colorado ...........: (D) (D) (S) Idaho ..............: 3.85 5.77 5.86 Minnesota ..........: (D) 5.03 (D) Montana ............: 4.17 6.03 5.06 North Dakota .......: 4.24 5.44 5.45 Oregon .............: 4.93 4.46 4.70 Utah ...............: (D) 5.22 4.68 Washington .........: 4.75 4.54 4.71 Wyoming ............: (D) (D) (S) : United States ......: 4.15 5.72 5.43 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Malting Barley - States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Idaho ..............: 3.76 5.86 (D) Minnesota ..........: (D) (D) (D) Montana ............: 4.12 6.15 (D) North Dakota .......: 4.18 5.56 5.60 Wyoming ............: (D) (D) (S) -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Feed Barley - States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Idaho ..............: 5.12 5.38 (D) Minnesota ..........: 4.54 5.13 (D) Montana ............: 4.47 5.37 (D) North Dakota .......: 4.37 5.02 5.00 Wyoming ............: (S) (D) (S) -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Corn - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Colorado ...........: 6.55 6.35 6.10 Illinois ...........: 6.65 6.43 6.40 Indiana ............: 6.62 6.56 6.50 Iowa ...............: 6.25 6.22 6.10 Kansas .............: 6.56 6.38 6.10 Kentucky ...........: 6.90 6.62 6.60 Michigan ...........: 6.44 6.24 6.05 Minnesota ..........: 5.41 6.06 6.00 Missouri ...........: 6.74 6.46 6.25 Nebraska ...........: 5.97 6.39 6.25 : North Carolina .....: 7.76 7.07 6.77 North Dakota .......: 5.81 6.05 5.85 Ohio ...............: 6.93 6.50 6.40 Pennsylvania .......: 7.08 6.99 6.63 South Dakota .......: 6.02 6.07 5.95 Tennessee ..........: 5.71 6.92 6.85 Texas ..............: 6.57 7.16 6.89 Wisconsin ..........: 6.47 6.15 6.00 : United States ......: 6.32 6.34 6.22 -------------------------------------------------------------------------------- Prices Received for Soybeans - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Arkansas ...........: 12.00 14.00 (D) Illinois ...........: 13.40 14.00 13.80 Indiana ............: 13.70 13.90 13.90 Iowa ...............: 13.20 13.60 13.60 Kansas .............: 13.50 13.60 13.40 Kentucky ...........: 13.60 14.20 14.20 Louisiana ..........: 12.80 13.90 (S) Michigan ...........: 12.60 13.70 13.50 Minnesota ..........: 12.70 13.70 13.70 Mississippi ........: 12.90 14.00 13.70 : Missouri ...........: 13.60 13.90 13.70 Nebraska ...........: 13.10 13.60 13.80 North Carolina .....: 13.80 14.00 13.90 North Dakota .......: 12.50 13.20 13.50 Ohio ...............: 13.50 13.70 13.50 South Dakota .......: 12.90 13.70 13.70 Tennessee ..........: 13.60 14.10 14.00 Wisconsin ..........: 12.60 13.40 13.40 : United States ......: 13.20 13.70 13.70 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Oats - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : Illinois ...........: (D) (S) (S) Iowa ...............: 3.56 3.69 3.70 Michigan ...........: 4.31 4.52 4.50 Minnesota ..........: 3.18 3.61 3.60 Montana ............: (D) (D) (D) Nebraska ...........: 4.00 3.67 3.65 New York ...........: 3.58 4.44 (D) North Dakota .......: 3.29 3.44 (D) Oregon .............: (S) (S) (S) Pennsylvania .......: 4.72 4.55 4.47 South Dakota .......: 3.64 3.81 3.69 Texas ..............: (S) (S) (S) Wisconsin ..........: 3.35 3.76 3.75 : United States ......: 3.55 3.81 3.76 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Sorghum Grain - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per cwt : Arkansas ...........: (S) (D) (D) Illinois ...........: 12.40 (D) (S) Kansas .............: 11.50 10.60 9.95 Louisiana ..........: (D) (D) (S) Missouri ...........: (D) (D) 10.30 Nebraska ...........: 11.10 10.90 10.40 Oklahoma ...........: 11.70 10.90 10.00 Texas ..............: 11.60 11.60 11.10 : United States ......: 11.60 10.60 10.10 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Dry Beans - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per cwt : : California .........: (D) 49.40 (D) Colorado ...........: 29.70 50.70 51.20 Idaho ..............: 33.90 47.80 45.50 Michigan ...........: 40.10 43.00 43.40 Minnesota ..........: (D) 47.80 (D) Nebraska ...........: 32.10 46.60 42.50 North Dakota .......: 28.20 47.60 43.30 : United States ......: 32.90 47.00 44.60 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. Prices Received for Peanuts (In-Shell) - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per pound : Alabama ............: 0.221 0.343 (D) Florida ............: 0.229 0.353 0.324 Georgia ............: 0.220 0.352 0.337 Mississippi ........: 0.220 0.296 0.277 New Mexico .........: 0.250 (S) (S) North Carolina .....: 0.234 0.314 0.382 Oklahoma ...........: 0.262 (D) 0.300 South Carolina .....: 0.239 0.333 0.336 Texas ..............: 0.259 0.470 0.386 Virginia ...........: 0.220 (D) 0.295 : United States ......: 0.228 0.351 0.347 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Sunflower - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per cwt : Colorado ...........: (D) (D) (S) Kansas .............: (D) 31.50 29.70 Minnesota ..........: 23.00 30.50 (D) North Dakota .......: 30.80 28.00 27.30 South Dakota .......: 27.60 27.30 25.40 : United States ......: 30.00 28.50 27.00 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Canola - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per cwt : Minnesota ..........: (D) 27.90 (S) North Dakota .......: 23.50 27.80 28.00 : United States ......: 23.50 27.80 28.00 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. Prices Received for Flaxseed - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per bushel : North Dakota .......: 14.20 14.10 14.10 : United States ......: 14.20 14.10 14.10 -------------------------------------------------------------------------------- Prices Received for Upland Cotton and Cottonseed - States and United States: May 2012 with Comparisons [Cottonseed marketing year August - February] -------------------------------------------------------------------------------------------------------- : Cotton, Upland : Cottonseed State :----------------------------------------------------------------------------------- : : : Preliminary : : : Preliminary : May : April : May : May : April : May : 2011 : 2012 : 2012 : 2011 : 2012 : 2012 -------------------------------------------------------------------------------------------------------- : -------- dollars per pound -------- -------- dollars per ton ------- : Alabama ............: 0.819 (D) 1.000 (NA) (NA) (NA) Arizona ............: (D) (D) (D) (NA) (NA) (NA) Arkansas ...........: 0.819 (D) 1.000 (NA) (NA) (NA) California .........: 0.944 (D) (S) (NA) (NA) (NA) Georgia ............: 0.819 0.962 0.981 (NA) (NA) (NA) Louisiana ..........: 0.819 0.919 1.000 (NA) (NA) (NA) Mississippi ........: 0.819 (D) 1.000 (NA) (NA) (NA) North Carolina .....: 0.819 0.975 1.000 (NA) (NA) (NA) Tennessee ..........: 0.819 0.905 (D) (NA) (NA) (NA) Texas ..............: 0.829 0.793 0.794 (NA) (NA) (NA) : United States ......: 0.832 0.909 0.951 (NA) (NA) (NA) -------------------------------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (NA) Not available. (S) Insufficient number of reports to establish an estimate. Prices Received and Farm Marketings for Upland Cotton and Rice - United States: May 2012 with Comparisons ----------------------------------------------------------------------------------------------- : : : Preliminary Item : May 2011 : April 2012 : May 2012 ----------------------------------------------------------------------------------------------- : Cotton, Upland : Average price ......dollars/pound: 0.832 0.909 0.951 Marketings 1/ ........1,000 bales: 180 297 (NA) : Rice, all : Average price ........dollars/cwt: 12.70 13.90 13.70 Marketings 2/ ..........1,000 cwt: 14,227 13,396 (NA) : Rice, long : Average price ........dollars/cwt: 10.90 13.20 13.10 Marketings 2/ ..........1,000 cwt: 11,211 9,423 (NA) : Rice, medium and short : Average price ........dollars/cwt: 19.00 15.30 16.00 Marketings 2/ ..........1,000 cwt: 3,016 3,973 (NA) ----------------------------------------------------------------------------------------------- (NA) Not available. 1/ Marketings based on a survey of cotton buyers in the major producing States - Alabama, Arizona, Arkansas, California, Georgia, Louisiana, Mississippi, North Carolina, Tennessee, and Texas. 2/ Purchases by private firms and rice (rough equivalent) shipped by cooperatives. Prices Received for Hay by Type - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------------------------------------------------- : All hay : Alfalfa hay : Other hay State :----------------------------------------------------------------------------------------------------------- : : :Preliminary: : :Preliminary: : :Preliminary : May : April : May : May : April : May : May : April : May : 2011 : 2012 : 2012 : 2011 : 2012 : 2012 : 2011 : 2012 : 2012 -------------------------------------------------------------------------------------------------------------------------- : dollars per ton : Arizona ......: 213.00 259.00 250.00 215.00 260.00 255.00 155.00 195.00 195.00 California ...: 224.00 232.00 221.00 239.00 235.00 227.00 141.00 215.00 186.00 Colorado .....: 148.00 243.00 249.00 150.00 255.00 255.00 125.00 170.00 170.00 Idaho ........: 189.00 198.00 178.00 192.00 200.00 180.00 125.00 140.00 120.00 Illinois .....: 144.00 171.00 163.00 150.00 180.00 170.00 95.00 130.00 125.00 Iowa .........: 107.00 137.00 134.00 118.00 143.00 142.00 81.00 90.00 92.00 Kansas .......: 125.00 191.00 190.00 130.00 220.00 205.00 75.00 105.00 105.00 Kentucky .....: 113.00 114.00 120.00 155.00 175.00 180.00 75.00 85.00 80.00 Michigan .....: 102.00 109.00 113.00 110.00 115.00 120.00 80.00 90.00 95.00 Minnesota ....: 111.00 135.00 136.00 115.00 150.00 150.00 80.00 100.00 95.00 : Missouri .....: 88.00 91.00 111.00 140.00 200.00 190.00 65.00 75.00 75.00 Montana ......: 79.00 99.00 103.00 79.00 98.00 103.00 80.00 105.00 99.00 Nebraska .....: 81.00 128.00 125.00 85.00 139.00 134.00 68.00 98.00 96.00 Nevada .......: 164.00 214.00 223.00 165.00 215.00 225.00 135.00 175.00 175.00 New Mexico ...: 216.00 293.00 280.00 220.00 300.00 286.00 180.00 220.00 220.00 New York .....: 117.00 107.00 116.00 150.00 171.00 175.00 111.00 101.00 105.00 North Dakota .: 59.00 71.00 72.00 62.00 75.00 75.00 44.00 53.00 52.00 Ohio .........: 124.00 150.00 170.00 162.00 209.00 209.00 80.00 118.00 118.00 Oklahoma .....: 119.00 197.00 170.00 147.00 249.00 212.00 76.00 140.00 107.00 Oregon .......: 184.00 226.00 228.00 190.00 229.00 230.00 175.00 220.00 226.00 : Pennsylvania .: 134.00 173.00 168.00 155.00 216.00 200.00 124.00 154.00 165.00 South Dakota .: 97.00 127.00 123.00 99.00 135.00 128.00 81.00 95.00 103.00 Texas ........: 144.00 169.00 144.00 200.00 273.00 220.00 115.00 152.00 105.00 Utah .........: 166.00 171.00 203.00 167.00 175.00 205.00 137.00 142.00 163.00 Washington ...: 161.00 231.00 234.00 155.00 240.00 240.00 175.00 215.00 220.00 Wisconsin ....: 95.00 119.00 119.00 100.00 135.00 135.00 70.00 90.00 90.00 Wyoming ......: 105.00 157.00 157.00 107.00 160.00 165.00 97.00 135.00 135.00 : United States : 171.00 190.00 199.00 187.00 207.00 215.00 114.00 140.00 146.00 -------------------------------------------------------------------------------------------------------------------------- Prices Received for Apples - States and United States: May 2012 with Comparisons [Equivalent packinghouse-door returns for California, Michigan, New York, and Washington. Prices at point of first sale for other States] -------------------------------------------------------------------------------- : Apples, fresh use State :----------------------------------------------------------- : : : Preliminary : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per pound : Michigan ...........: (NA) 0.305 0.305 New York ...........: 0.271 0.287 0.281 Ohio ...............: 0.580 0.510 0.520 Pennsylvania .......: (S) (NA) (NA) Virginia ...........: (NA) (NA) (NA) Washington .........: 0.254 0.330 0.335 : United States ......: 0.256 0.329 0.333 -------------------------------------------------------------------------------- (NA) Not available. (S) Insufficient number of reports to establish an estimate. Prices Received for Citrus Fruits by Utilization - States and United States: May 2011 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in Arizona and California-80, Florida-95] --------------------------------------------------------------------------------------------------------------------------------------- : : Equivalent returns Commodity, : FOB :----------------------------------------------------------------------------------- State, : packed : Packinghouse-door : On-tree and type : fresh :----------------------------------------------------------------------------------- : : All : Fresh : Process : All : Fresh : Process --------------------------------------------------------------------------------------------------------------------------------------- : dollars per box : Grapefruit : California 1/ .....................: 18.90 12.50 12.50 (D) 10.40 10.40 (D) Florida ...........................: 22.70 7.20 12.88 5.96 4.62 10.68 3.30 White ...........................: 22.00 5.92 12.10 5.85 3.37 9.95 3.30 Colored .........................: 22.70 8.59 12.90 6.15 5.97 10.70 3.30 : United States .....................: 19.50 9.89 12.56 5.96 7.55 10.44 3.30 : Lemons : California ........................: 32.90 16.13 22.00 (D) 10.26 16.13 (D) : United States .....................: 32.90 16.13 22.00 (D) 10.26 16.13 (D) : Oranges : California ........................: 21.70 9.17 13.04 (D) 6.71 10.63 (D) Navel and miscellaneous .........: 22.00 8.84 13.36 (D) 6.37 10.95 (D) Valencia ........................: 21.00 10.01 12.36 (D) 7.56 9.95 (D) : Florida : Valencia ........................: 23.20 10.36 13.20 10.30 7.75 10.50 7.70 : United States .....................: 21.80 10.10 13.05 9.52 7.53 10.62 6.92 : Tangerines and mandarins : California ........................: (D) (D) (D) (D) (D) (D) (D) : United States .....................: (D) (D) (D) (D) (D) (D) (D) --------------------------------------------------------------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. 1/ Some processed sales included in fresh sales. Prices Received for Citrus Fruits by Utilization - States and United States: April 2012 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in Arizona and California-80, Florida-95] --------------------------------------------------------------------------------------------------------------------------------------- : : Equivalent returns Commodity, : FOB :----------------------------------------------------------------------------------- State, : packed : Packinghouse-door : On-tree and type : fresh :----------------------------------------------------------------------------------- : : All : Fresh : Process : All : Fresh : Process --------------------------------------------------------------------------------------------------------------------------------------- : dollars per box : Grapefruit : California 1/ .....................: 21.90 15.37 15.37 (D) 13.23 13.23 (D) Florida ...........................: 22.50 8.71 12.90 7.15 6.14 10.66 4.45 White ...........................: 20.00 7.86 10.30 7.50 5.32 8.10 4.90 Colored .........................: 23.20 9.38 13.60 6.75 6.79 11.35 3.95 Texas .............................: (S) 1.60 (S) 1.60 0.20 (S) 0.20 : United States .....................: 22.20 8.74 14.09 5.82 6.42 11.89 3.44 : Lemons : California ........................: 36.00 21.35 24.88 (D) 15.36 18.89 (D) : United States .....................: 36.00 21.35 24.88 (D) 15.36 18.89 (D) : Oranges : California ........................: 24.50 13.65 15.72 (D) 11.16 13.26 (D) Navel and miscellaneous .........: 24.30 13.24 15.49 (D) 10.75 13.03 (D) Valencia ........................: (D) (D) (D) (D) (D) (D) (D) : Florida : Valencia ........................: 23.70 11.44 13.45 11.40 8.74 10.60 8.70 : United States .....................: 24.50 11.99 15.56 10.94 9.34 13.08 8.25 : Tangerines and mandarins : California ........................: (D) (D) (D) (D) (D) (D) (D) : United States .....................: (D) (D) (D) (D) (D) (D) (D) --------------------------------------------------------------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. 1/ Some processed sales included in fresh sales. Prices Received for Citrus Fruits by Utilization - States and United States: May 2012 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in Arizona and California-80, Florida-95] --------------------------------------------------------------------------------------------------------------------------------------- : : Equivalent returns Commodity, : FOB :----------------------------------------------------------------------------------- State, : packed : Packinghouse-door : On-tree and type : fresh :----------------------------------------------------------------------------------- : : All : Fresh : Process : All : Fresh : Process --------------------------------------------------------------------------------------------------------------------------------------- : dollars per box : Grapefruit : California 1/ .....................: 22.50 15.97 15.97 (D) 13.83 13.83 (D) Texas .............................: (S) (S) (S) (S) (S) (S) (S) : United States .....................: 22.50 15.97 15.97 (D) 13.83 13.83 (D) : Lemons : California ........................: 38.40 22.79 27.28 (D) 16.80 21.29 (D) : United States .....................: 38.40 22.79 27.28 (D) 16.80 21.29 (D) : Oranges : California ........................: 26.30 16.22 17.46 (D) 13.74 15.00 (D) Navel and miscellaneous .........: 27.10 17.00 18.29 (D) 14.53 15.83 (D) Valencia ........................: 24.70 14.75 15.89 (D) 12.28 13.43 (D) : Florida : Valencia ........................: 25.00 11.95 14.75 11.90 9.25 11.90 9.20 : United States .....................: 26.20 12.86 17.27 11.69 10.20 14.79 8.99 : Tangerines and mandarins : California ........................: (D) (D) (D) (D) (D) (D) (D) : United States .....................: (D) (D) (D) (D) (D) (D) (D) --------------------------------------------------------------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. 1/ Some processed sales included in fresh sales. Prices Received for Potatoes - States and United States: May 2012 with Comparisons -------------------------------------------------------------------------------- : : : Preliminary State : May 2011 : April 2012 : May 2012 -------------------------------------------------------------------------------- : dollars per cwt : California : Spring ...........: 25.70 (D) 15.90 Fall .............: 10.80 (D) 8.65 All 1/ ...........: 24.10 15.10 14.60 Colorado : Fresh 2/ .........: 15.30 12.90 (D) All 1/ ...........: 13.00 11.20 10.20 : Florida ............: (D) (D) (D) Idaho : Fresh 2/ .........: 10.30 9.30 (D) Processing .......: 7.60 7.90 (D) All 1/ ...........: 9.20 9.85 8.75 Maine ..............: 10.70 11.80 10.80 Michigan ...........: 13.70 13.80 (S) Minnesota ..........: 6.90 7.00 (D) New York ...........: 15.50 16.30 16.30 North Carolina .....: (S) (S) (S) : North Dakota : Fresh 2/ .........: 9.90 9.15 (D) Processing .......: 7.30 7.75 (D) All 1/ ...........: 8.65 9.80 (D) Oregon .............: 9.70 9.00 8.55 Texas ..............: (S) (S) (S) Virginia ...........: (S) (S) (S) : Washington : Processing .......: 7.50 7.80 (D) All 1/ ...........: 8.60 8.90 8.25 Wisconsin : Fresh 2/ .........: 14.40 11.00 (D) Processing .......: 7.45 9.30 (D) All 1/ ...........: 11.80 11.50 (D) : United States : Fresh 2/ .........: 16.59 13.97 (D) Processing .......: 8.41 8.14 (D) All 1/ ...........: 11.17 10.75 9.86 -------------------------------------------------------------------------------- (D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. 1/ Average price of potatoes sold for all uses, including table stock, processing, seed, and livestock feed. 2/ Fresh market prices only. Includes table stock prices. Prices Received for All Milk - States and United States: May 2012 with Comparisons [Before deduction for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies] ---------------------------------------------------------------------------------------------------- : : : Preliminary : May 2011 : April 2012 : May 2012 State :------------------------------------------------------------------------------- : Price :Fat test : Price :Fat test : Price : Fat test ---------------------------------------------------------------------------------------------------- :dollars per cwt percent dollars per cwt percent dollars per cwt percent : Arizona ............: 19.80 3.47 16.00 3.49 15.50 3.48 California .........: 18.08 3.66 15.00 3.67 14.60 3.61 Colorado ...........: 19.60 3.56 17.10 3.47 16.70 3.46 Florida ............: 24.40 3.59 20.60 3.58 20.60 3.56 Idaho ..............: 17.70 3.63 16.40 3.67 16.30 3.61 Illinois ...........: 19.90 3.67 17.10 3.66 16.70 3.63 Indiana ............: 20.50 3.64 16.90 3.61 16.50 3.55 Iowa ...............: 19.70 3.64 17.40 3.72 16.90 3.65 Kansas .............: 20.70 3.67 17.20 3.71 16.90 3.62 Michigan ...........: 20.60 3.61 17.30 3.61 16.90 3.55 : Minnesota ..........: 19.40 3.69 17.70 3.78 17.60 3.73 Missouri ...........: 20.20 3.65 17.00 3.64 16.70 3.60 New Mexico .........: 19.20 3.54 15.40 3.46 15.20 3.42 New York ...........: 21.30 3.67 17.90 3.73 17.30 3.68 Ohio ...............: 21.50 3.70 18.00 3.69 17.80 3.66 Oregon .............: 20.00 3.71 18.00 3.78 17.60 3.71 Pennsylvania .......: 22.10 3.65 18.40 3.68 17.80 3.65 Texas ..............: 20.60 3.75 16.80 3.69 16.60 3.65 Utah ...............: 19.50 3.67 15.70 3.68 15.30 3.64 Vermont ............: 21.40 3.76 18.10 3.78 17.50 3.75 : Virginia ...........: 22.80 3.61 18.60 3.65 18.20 3.57 Washington .........: 20.10 3.71 17.10 3.78 16.40 3.71 Wisconsin ..........: 18.90 3.68 17.60 3.72 17.30 3.67 : United States ......: 19.60 3.66 16.80 3.67 16.40 3.62 ---------------------------------------------------------------------------------------------------- Prices Received for Milk Cows - States and United States: April 2012 with Comparisons [Animals sold for dairy herd replacement only. Prices estimated in January, April, July, and October] -------------------------------------------------------------------------------- State : April 2011 : January 2012 : April 2012 -------------------------------------------------------------------------------- : dollars per head : Arizona ............: 1,450 1,500 1,500 California .........: 1,300 1,400 1,300 Colorado ...........: 1,450 1,500 1,520 Florida ............: 1,480 1,490 1,450 Idaho ..............: 1,450 1,450 1,450 Illinois ...........: 1,430 1,500 1,520 Indiana ............: 1,450 1,450 1,450 Iowa ...............: 1,430 1,400 1,450 Kansas .............: 1,400 1,400 1,450 Michigan ...........: 1,550 1,600 1,600 : Minnesota ..........: 1,410 1,430 1,490 Missouri ...........: 1,280 1,200 1,300 New Mexico .........: 1,380 1,380 1,350 New York ...........: 1,400 1,450 1,460 Ohio ...............: 1,470 1,500 1,510 Oregon .............: 1,390 1,440 1,430 Pennsylvania .......: 1,450 1,500 1,500 Texas ..............: 1,400 1,400 1,400 Utah ...............: 1,300 1,340 1,340 Vermont ............: 1,550 1,550 1,600 : Virginia ...........: 1,410 1,520 1,540 Washington .........: 1,400 1,400 1,350 Wisconsin ..........: 1,560 1,550 1,560 : United States ......: 1,420 1,460 1,440 -------------------------------------------------------------------------------- Commodity Parity Prices and Price as Percent of Parity Price - United States: May 2012 with Comparisons [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. Parity data not available for blank cells. Primary source of data for livestock and milk prices is United States Department of Agriculture's Agricultural Marketing Service] ---------------------------------------------------------------------------------------------------- : : Parity price : Price as percent :Adjusted : : of parity Commodity and unit : base :----------------------------------------------------------- : price : May : April : May : May : April : May : : 2011 : 2012 : 2012 : 2011 : 2012 : 2012 ---------------------------------------------------------------------------------------------------- : ------------- dollars ------------- ------- percent ------- : Basic commodities : All wheat ............bushel: 0.634 16.50 17.90 17.90 49 40 37 Rice ....................cwt: 1.46 44.30 41.30 41.30 29 34 33 Corn .................bushel: 0.414 10.40 11.70 11.70 61 54 53 Cotton : Upland ..............pound: 0.072 1.93 2.04 2.04 43 45 47 American Pima .......pound: 0.141 3.51 3.99 3.99 51 41 41 Peanuts ...............pound: 0.026 0.734 0.736 0.735 31 48 47 : Designated nonbasic : All milk, to plants 1/ ...cwt: 1.80 49.50 50.90 50.90 42 35 34 Honey, extracted 2/ ...pound: 0.139 3.64 3.93 3.93 44 41 41 : Wool and mohair : Wool ..................pound: 0.104 2.50 2.94 2.94 46 57 57 Mohair ................pound: 0.333 8.81 9.42 9.42 40 44 44 : Other nonbasic : Apples, fresh 3/ ......pound: 0.033 0.897 0.934 0.933 29 35 36 Barley ...............bushel: 0.436 11.60 12.30 12.30 36 47 44 Canola ..................cwt: 1.820 47.30 51.50 51.50 50 54 54 Cottonseed ..............ton: 17.40 419.00 492.00 492.00 41 56 56 Dry edible beans ........cwt: 3.01 79.40 85.20 85.10 41 55 52 Flaxseed .............bushel: 1.100 27.70 31.10 31.10 51 45 45 Oats .................bushel: 0.263 6.80 7.44 7.44 52 51 51 Potatoes ................cwt: 0.855 22.70 24.20 24.20 49 44 41 Sorghum grain ...........cwt: 0.729 18.40 20.60 20.60 63 51 49 Soybeans .............bushel: 1.000 25.80 28.30 28.30 51 48 48 Sunflower, all ..........cwt: 2.06 51.90 58.30 58.30 58 49 46 : Citrus (equivalent on-tree) : Grapefruit ..............box: 0.690 18.00 19.50 19.50 42 33 71 Lemons ..................box: 1.37 37.00 38.80 38.70 28 40 43 Oranges .................box: 0.698 18.70 19.80 19.70 40 47 52 Tangerines ..............box: 1.49 38.90 42.20 42.10 53 65 104 : Livestock and poultry : Beef cattle .............cwt: 10.10 275.00 286.00 286.00 41 43 42 Calves ..................cwt: 13.90 383.00 393.00 393.00 36 45 45 Hogs ....................cwt: 5.53 150.00 156.00 156.00 46 40 39 Eggs 1/ ...............dozen: 0.091 2.47 2.58 2.57 41 35 39 Turkeys, live .........pound: 0.057 1.520 1.610 1.610 45 46 46 ---------------------------------------------------------------------------------------------------- 1/ Seasonally adjusted price as percentage of parity price. 2/ 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. 3/ Equivalent packinghouse-door returns for California, New York (apples only), Oregon (except peaches), and Washington. Price at point of first sale for other states. Commodity Parity Prices - United States: May 2012 with Comparisons [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] -------------------------------------------------------------------------------------------------- : : Parity price : Adjusted : Commodity and unit : base :----------------------------------------- : price : May : April : May : : 2011 : 2012 : 2012 -------------------------------------------------------------------------------------------------- : dollars : Field crops and miscellaneous : Hops ..............................pound: 0.306 8.35 8.66 8.65 Mustard seed ........................cwt: 2.82 72.30 79.80 79.70 Rapeseed ............................cwt: 2.23 58.20 63.10 63.10 Rye ..............................bushel: 0.525 13.40 14.90 14.80 Safflower ...........................cwt: 2.02 52.70 57.20 57.10 Spearmint oil .....................pound: 1.50 39.20 42.50 42.40 Sweet potatoes ......................cwt: 2.20 61.70 62.30 62.20 : Tobacco : Flue-cured, 11-14 ...............pound: 0.196 5.66 5.55 5.54 Fire-cured, 21-23 ...............pound: 0.283 7.97 8.01 8.00 Burley, 31 ......................pound: 0.202 5.82 5.72 5.71 Maryland, 32 ....................pound: 0.174 4.98 4.92 4.92 Dark air-cured, 35-37 ...........pound: 0.256 7.10 7.24 7.24 Pennsylvania seedleaf, 41 .......pound: 0.182 5.19 5.15 5.15 Cigar binder, 51 ................pound: 0.640 18.40 18.10 18.10 : : Noncitrus fruit : Apples, processing 1/ 9/ ............ton: 16.10 438.00 456.00 455.00 Apricots : Fresh 2/ 9/ .......................ton: 114.00 3,100.00 3,230.00 3,220.00 Dried (California) 9/ .............ton: 262.00 7,120.00 7,410.00 7,410.00 Avocados 2/ 9/ ......................ton: 198.00 5,380.00 5,600.00 5,600.00 Cherries : Sweet 9/ ..........................ton: 210.00 5,710.00 5,940.00 5,940.00 Tart 9/ .........................pound: 0.034 0.924 0.962 0.962 Cranberry 3/ 9/ ..................barrel: 4.89 133.00 138.00 138.00 Dates (California) 2/ 9/ ............ton: 183.00 4,980.00 5,180.00 5,180.00 : Grapes : Raisin variety 9/ .................ton: 117.00 3,180.00 3,310.00 3,310.00 Other dried 9/ ....................ton: 65.40 1,780.00 1,850.00 1,850.00 Kiwifruit 9/ ........................ton: 94.40 2,570.00 2,670.00 2,670.00 Nectarines, fresh (California) 2/ 9/ ton: 55.30 1,500.00 1,560.00 1,560.00 Olives, canning (California) 3/ 9/ ..ton: 87.40 2,380.00 2,470.00 2,470.00 -------------------------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Commodity Parity Prices - United States: May 2012 with Comparisons (continued) [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] ----------------------------------------------------------------------------------------------- : : Parity price :Adjusted : Commodity and unit : base :-------------------------------------------- : price : May : April : May : : 2011 : 2012 : 2012 ----------------------------------------------------------------------------------------------- : dollars : Noncitrus fruit - continued : Papayas (Hawaii) 9/ .............pound: 0.046 1.25 1.30 1.30 Peaches : Fresh 4/ 9/ .....................ton: 83.00 2,260.00 2,350.00 2,350.00 Dried (California) 9/ ...........ton: 57.30 1,560.00 1,620.00 1,620.00 Processing, excludes dried : Clingstone (California) 3/ 9/ ton: 33.70 916.00 954.00 953.00 : Pears : Fresh 4/ 9/ .....................ton: 55.60 1,510.00 1,570.00 1,570.00 Dried (California) 1/ 9/ ........ton: 178.00 4,840.00 5,040.00 5,030.00 Plums (California) : Fresh, equivalent on-tree 9/ ....ton: 60.20 1,640.00 1,700.00 1,700.00 Prunes, dried (California) 1/ 9/ ..ton: 147.00 4,000.00 4,160.00 4,160.00 Prunes and plums : Fresh, excludes California 5/ 9/ ton: 63.80 1,730.00 1,810.00 1,800.00 Processing, excludes dried 1/ 9/ ton: 25.70 699.00 727.00 727.00 : Tree nuts 6/ 9/ : Almonds .........................pound: 0.209 5.68 5.91 5.91 Hazelnuts .........................ton: 183.00 4,980.00 5,180.00 5,180.00 Pistachios ......................pound: 0.194 5.27 5.49 5.49 Walnuts ...........................ton: 177.00 4,810.00 5,010.00 5,010.00 : Vegetables, fresh 7/ : Carrots 8/ ........................cwt: 2.69 71.00 76.10 76.10 Cauliflower 8/ ....................cwt: 4.31 116.00 122.00 122.00 Celery 8/ .........................cwt: 2.01 55.70 56.90 56.80 Honeydew melons ...................cwt: 2.09 59.00 59.10 59.10 Lettuce ...........................cwt: 2.29 63.90 64.80 64.80 Onions 8/ .........................cwt: 1.49 42.70 42.20 42.10 Tomatoes ..........................cwt: 4.68 129.00 132.00 132.00 ----------------------------------------------------------------------------------------------- 1/ Equivalent returns at processing plant door. 2/ Equivalent returns at packinghouse door. 3/ Equivalent returns for bulk fruit at first delivery point. 4/ Equivalent packinghouse-door returns for California, New York (apples only), Oregon (except peaches), and Washington. Price at point of first sale for other states. 5/ Based on "as sold" prices for fresh fruit in all states. 6/ Prices In-Shell basis except almonds which are shelled basis. 7/ FOB shipping point prices. 8/ Includes some processing. 9/ Non-citrus fruit and tree nut estimates discontinued October 2011. The program was later reinstated with a publication date of March 15, 2012. Parity prices will be published in the July 2012 "Agricultural Prices" report to include these prices. 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 1900 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 United States 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 United States 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: United States 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 United States relative sampling errors at around five percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Prices Paid by Farmers The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 212 (1990-1992=100) is down 0.5 percent from April 2012 but up 3.9 percent from May 2011. Production index: The May index, at 225, decreased 0.4 percent from last month but increased 4.2 percent from last year. Lower prices in May for LP gas, diesel, feeder pigs, and feeder cattle offset higher prices for nitrogen, concentrates, complete feeds, and hay & forages. Feed: The May index, at 240, increased 1.3 percent from April and 4.8 percent from last May. Since April, higher prices for concentrates, complete feeds, and hay & forages offset lower prices for feed grains and supplements. Livestock and poultry: The May index, at 171, decreased 2.8 percent from last month but increased 15 percent from last year. Since April, prices for feeder pigs and feeder cattle are lower. The May feeder cattle price, at $152.40 per cwt, is down $1.90 per cwt from the April price. May feeder pigs averaged $129.00 per cwt, down $31.00 per cwt from April. Fertilizer: The May index, at 343, is up 1.5 percent from April and 4.9 percent above May a year ago. Since April, higher prices for nitrogen and mixed fertilizer more than offset lower prices for potash & phosphate. Chemicals: The May index, at 147, decreased 1.3 percent from April but increased 2.1 percent from last May. Compared with last month, prices for herbicides, insecticides, and fungicides/other are lower. Fuels: The May index, at 362, is down 4.7 percent from a month earlier and 5.5 percent below May 2011. Compared with last month, prices for LP gas, diesel, and gasoline are lower. Machinery: The May index, at 254, increased 0.4 percent from April and is 5.0 percent above last May. Compared with last month, prices for other machinery are higher. Consumer price index: The April 2012 Consumer Price Index, as issued by the Bureau of Labor Statistics, for all urban consumers (CPI-U) increased 0.3 percent before seasonal adjustment to a level of 230.085 (1982-1984=100). The March index is 229.392. For the 12 month period ending in April, the overall index increased 2.3 percent. Prices Paid Indexes and Related Parity Ratios - United States: May 2012 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov] --------------------------------------------------------------------------------------------------------------------- : 1910-1914 Base : 1990-1992 Base Indexes :----------------------------------------------------------------------------------- and : May : April : May : May : April : May ratios : 2011 : 2012 : 2012 : 2011 : 2012 : 2012 --------------------------------------------------------------------------------------------------------------------- : percent : Prices paid by farmers for : commodities, services, : interest, taxes, and wage : rates (PPITW) ...................: 2710 2833 2828 204 213 212 Production ....................: 2091 2190 2185 216 226 225 Feed ........................: 1117 1159 1173 229 237 240 Livestock and poultry .......: 1908 2245 2189 149 176 171 Seeds .......................: 3327 3496 3496 336 353 353 Fertilizer ..................: 1197 1238 1257 327 338 343 Chemicals ...................: 890 923 907 144 149 147 Fuels .......................: 2959 2932 2794 383 380 362 Supplies and repairs ........: 1176 1210 1210 166 170 170 : Autos and trucks ............: 3089 3138 3141 116 118 118 Machinery ...................: 6067 6351 6372 242 253 254 Building materials ..........: 2326 2386 2395 171 176 176 Services and rent ...........: 2123 2176 2177 (NA) (NA) (NA) Services ....................: (NA) (NA) (NA) 164 166 166 Rent ........................: (NA) (NA) (NA) 205 212 212 : Interest 1/ ...................: 3381 3635 3635 135 145 145 Taxes 2/ ......................: 5935 6225 6225 222 232 232 Wage rates ....................: 7075 7373 7373 189 197 197 Production, interest, taxes, : and wage rates (PITW) .......: 2822 2960 2954 210 220 220 Family living-CPI 3/ ..........: 2146 2185 2192 168 171 171 : Ratio (received/paid) .........: (NA) (NA) (NA) 86 84 83 Parity ratio 4/ ...............: 41 40 39 (NA) (NA) (NA) Parity ratio adjusted 5/ ......: 42 41 41 (NA) (NA) (NA) PPITW adjusted for : productivity 6/ .............: 1456 1494 1494 (NA) (NA) (NA) : Crop sector (PPITW) ...........: (NA) (NA) (NA) 213 221 221 Livestock sector (PPITW) ......: (NA) (NA) (NA) 193 204 203 : Farm sector (production) ......: (NA) (NA) (NA) 219 237 237 Non-farm sector (production) ..: (NA) (NA) (NA) 214 220 219 --------------------------------------------------------------------------------------------------------------------- (NA) Not available. 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 (1910-1914=100). 5/ Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.044 for 2012 and the revised factor is 1.041 for 2011. 6/ PPITW is adjusted based on productivity trend for the prior 15 years. Prices Paid Indexes and Annual Weights for Input Components and Sub-Components - United States: May 2012 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Relative weights are a five year moving average] ------------------------------------------------------------------------------------- : Relative weights : Indexes (1990-1992=100) :------------------------------------------------------- : : : May : April : May : 2011 : 2012 : 2011 : 2012 : 2012 ------------------------------------------------------------------------------------- : percent : Production items ............: 70.6 71.1 216 226 225 : Feed ......................: 12.2 12.7 229 237 240 Feed grains .............: 1.7 1.8 271 271 265 Complete feeds ..........: 6.0 6.2 227 233 236 Hay and forages .........: 1.5 1.6 209 239 249 Concentrates ............: 1.9 2.0 207 224 238 Supplements .............: 1.0 1.1 242 226 215 Livestock and poultry .....: 8.5 8.3 149 176 171 Feeder cattle ...........: 6.6 6.5 151 182 180 Feeder pigs .............: 0.7 0.7 152 174 140 Milk cow replacements ...: 0.7 0.7 126 128 128 Poultry .................: 0.5 0.5 157 157 157 : Seeds .....................: 4.1 4.3 336 353 353 Field crops .............: 3.7 3.9 356 374 374 Grasses and legumes .....: 0.4 0.4 145 151 151 Fertilizer ................: 5.5 5.7 327 338 343 Mixed fertilizer ........: 2.4 2.5 310 322 323 Nitrogen ................: 2.3 2.4 330 342 357 Potash and phosphate ....: 0.8 0.8 368 375 364 Chemicals .................: 3.3 3.2 144 149 147 Herbicides ..............: 2.1 2.0 129 134 131 Insecticides ............: 0.7 0.7 166 173 170 Fungicides and other ....: 0.5 0.5 173 179 176 : Fuels .....................: 4.0 4.0 383 380 362 Diesel ..................: 2.5 2.5 417 422 411 Gasoline ................: 0.8 0.8 338 338 325 LP gas ..................: 0.7 0.7 316 277 227 Supplies and repairs ......: 4.6 4.6 166 170 170 Supplies ................: 1.5 1.5 162 165 165 Repairs .................: 3.0 3.0 168 173 173 Autos and trucks ..........: 1.4 1.2 116 118 118 Autos ...................: 0.2 0.2 114 116 116 Trucks ..................: 1.2 1.1 116 118 118 : Machinery .................: 4.3 4.3 242 253 254 Tractors ................: 0.9 0.9 203 210 210 Self-propelled ..........: 1.7 1.7 253 270 270 Other machinery .........: 1.6 1.6 253 261 263 Building materials ........: 4.4 4.2 171 176 176 Services ..................: 12.1 12.0 164 166 166 Custom rates ............: 1.2 1.2 148 148 148 Other services ..........: 10.9 10.7 166 168 169 Rent ......................: 6.3 6.6 205 212 212 Cash ....................: 3.4 3.5 262 270 270 Share ...................: 2.9 3.0 139 145 145 : Interest ....................: 3.5 3.4 135 145 145 Taxes .......................: 3.1 3.1 222 232 232 Wage rates ..................: 7.4 7.2 189 197 197 Family living-CPI ...........: 15.4 15.3 168 171 171 ------------------------------------------------------------------------------------- Feed Price Ratios - United States: May 2012 with Comparisons ---------------------------------------------------------------------------------------------------- : : : Preliminary Feed price ratio 1/ : May 2011 : April 2012 : May 2012 ---------------------------------------------------------------------------------------------------- : Broiler-feed: pounds of broiler grower feed equal : in value to 1 pound of broiler, live weight 2/ ......: 3.2 3.2 3.3 : Market egg feed: pounds of laying feed equal in : value to 1 dozen eggs 3/ ............................: 4.5 4.5 4.2 : Hog-corn: bushels of corn equal in value to : 100 pounds of hog, live weight ......................: 10.9 9.9 9.9 : Milk-feed: pounds of 16% mixed dairy feed equal : in value to 1 pound of whole milk 4/ ................: 1.73 1.42 1.38 : Steer and heifer-corn: bushels of corn equal in value : to 100 pounds of steer & heifers, live weight .......: 18.2 20.2 19.9 : Turkey-feed: pounds of turkey grower equal in : value to 1 pound of turkey, live weight 5/ ..........: 4.6 5.0 5.1 ---------------------------------------------------------------------------------------------------- 1/ Effective January 1995, prices of commercial prepared feeds are based on current United States prices received for corn, soybeans, alfalfa hay, and all wheat. 2/ The price of commercial prepared broiler feed is based on current United States 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 United States 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 United States prices received for corn, soybeans, and alfalfa hay. The modeled feed uses 51 percent corn, 41 percent alfalfa hay, and 8 percent soybeans. 5/ The price of commercial prepared turkey feed is based on current United States prices received for corn, soybeans, and wheat. The modeled feed uses 51 percent corn, 28 percent soybeans, and 21 percent wheat. Prices Received Used to Calculate Feed Price Ratios - United States: May 2012 with Comparisons [Price data source for livestock and poultry commodities is United States Department of Agriculture's Agricultural Marketing Service] ------------------------------------------------------------------------------ : : : Preliminary Item : May 2011 : April 2012 : May 2012 ------------------------------------------------------------------------------ : dollars : Broilers, live ..........pound: 0.500 0.510 0.530 Eggs, market ............dozen: 0.622 0.642 0.594 : Hogs, all .................cwt: 68.60 62.80 61.60 Milk, all .................cwt: 19.60 16.80 16.40 : Steers and heifers ........cwt: 115.00 128.00 124.00 Turkeys, live ...........pound: 0.679 0.737 0.738 : Corn ...................bushel: 6.32 6.34 6.22 Hay, alfalfa ..............ton: 187.00 207.00 215.00 : Soybeans ...............bushel: 13.20 13.70 13.70 Wheat, all .............bushel: 8.16 7.11 6.60 ------------------------------------------------------------------------------ Prices Paid for Feeder Livestock - United States: May 2012 with Comparisons [Price data source is United States Department of Agriculture's Agricultural Marketing Service] ------------------------------------------------------------------------------ : : : Preliminary Item : May 2011 : April 2012 : May 2012 ------------------------------------------------------------------------------ : dollars : Feeder cattle and calves ..cwt: 127.70 154.30 152.40 Feeder pigs ...............cwt: 140.00 160.00 129.00 ------------------------------------------------------------------------------ Prices Paid Broiler-Feed Ratio Monthly and Annual Average - United States: 2008-2012 [The price of commercial prepared broiler feed is based on current United States prices received for corn and soybeans. The modeled feed uses 58 percent corn and 42 percent soybeans] -------------------------------------------------------------------------------------------------------------------- Year :January :February :March :April : May :June :July :August :September :October :November :December :Average 1/ -------------------------------------------------------------------------------------------------------------------- 2008: 4.0 3.6 3.6 3.4 3.4 3.2 3.4 3.3 3.5 3.9 4.2 4.5 3.7 2009: 4.2 4.4 4.3 4.2 4.2 4.2 4.3 3.9 4.1 3.9 3.9 4.1 4.1 2010: 4.5 4.7 4.9 4.8 5.1 5.1 5.0 4.5 4.4 4.1 3.8 3.5 4.5 2011: 3.4 3.0 3.4 3.1 3.2 3.1 3.0 2.9 2.9 3.0 3.2 3.3 3.1 2012: 3.4 3.5 3.6 3.2 3.3 3.4 -------------------------------------------------------------------------------------------------------------------- 1/ Simple average of monthly ratios, January through December. Prices Paid Market Egg-Feed Ratio Monthly and Annual Average - United States: 2008-2012 [The price of commercial prepared layer feed is based on current United States prices received for corn and soybeans. The modeled feed uses 75 percent corn and 25 percent soybeans] -------------------------------------------------------------------------------------------------------------------- Year :January :February :March :April : May :June :July :August :September :October :November :December :Average 1/ -------------------------------------------------------------------------------------------------------------------- 2008: 12.8 11.2 11.8 7.5 5.8 7.3 5.4 6.6 7.7 8.9 9.4 9.2 8.6 2009: 9.0 7.0 7.2 8.4 4.3 3.8 5.6 6.5 6.8 7.3 10.0 10.6 7.2 2010: 10.1 8.9 12.2 7.0 5.2 5.0 6.0 6.9 4.6 6.5 9.5 8.1 7.5 2011: 5.8 6.0 5.1 6.4 4.5 4.9 4.9 6.7 6.3 6.9 6.8 8.7 6.1 2012: 5.1 5.0 5.7 4.5 4.2 4.9 -------------------------------------------------------------------------------------------------------------------- 1/ Simple average of monthly ratios, January through December. Prices Paid Turkey-Feed Ratio Monthly and Annual Average - United States: 2008-2012 [The price of commercial prepared turkey feed is based on current United States prices received for corn, soybeans, and wheat. The modeled feed used 51 percent corn, 28 percent soybeans, and 21 percent wheat] -------------------------------------------------------------------------------------------------------------------- Year :January :February :March :April : May :June :July :August :September :October :November :December :Average 1/ -------------------------------------------------------------------------------------------------------------------- 2008: 4.1 3.6 4.0 4.0 4.3 4.3 4.5 4.7 5.4 5.9 5.6 4.4 4.6 2009: 4.1 4.6 4.8 4.7 4.7 4.8 5.1 5.2 5.3 5.6 5.7 5.6 5.0 2010: 4.8 5.3 5.6 5.9 6.2 6.9 6.9 6.7 6.6 6.8 6.4 5.6 6.2 2011: 4.6 4.2 4.4 4.5 4.6 4.8 4.7 4.7 5.2 5.9 5.9 5.4 4.9 2012: 4.9 4.7 4.8 5.0 5.1 4.9 -------------------------------------------------------------------------------------------------------------------- 1/ Simple average of monthly ratios, January through December. Prices Paid Milk-Feed Ratio Monthly and Annual Average - United States: 2008-2012 [The price of commercial prepared dairy feed is based on current United States prices received for corn, soybeans, and alfalfa. The modeled feed uses 51 percent corn, 8 percent soybeans, and 41 percent alfalfa] -------------------------------------------------------------------------------------------------------------------- Year :January :February :March :April : May :June :July :August :September :October :November :December :Average 1/ -------------------------------------------------------------------------------------------------------------------- 2008: 2.65 2.24 2.07 1.95 1.83 1.87 1.90 1.81 1.90 2.02 2.01 1.92 2.01 2009: 1.60 1.51 1.55 1.58 1.49 1.47 1.59 1.80 2.00 2.11 2.26 2.42 1.78 2010: 2.33 2.34 2.18 2.19 2.18 2.26 2.30 2.36 2.36 2.40 2.23 1.98 2.26 2011: 1.96 2.01 2.12 1.81 1.73 1.87 1.91 1.85 1.84 1.83 1.87 1.80 1.88 2012: 1.72 1.55 1.48 1.42 1.38 1.51 -------------------------------------------------------------------------------------------------------------------- 1/ Simple average of monthly ratios, January through December. Prices Paid Hog-Corn Ratio Monthly and Annual Average - United States: 2008-2012 [Number of bushels of corn equal in value to 100 pounds of all hogs, live weight] -------------------------------------------------------------------------------------------------------------------- Year :January :February :March :April : May :June :July :August :September :October :November :December :Average 1/ -------------------------------------------------------------------------------------------------------------------- 2008: 9.4 9.3 8.6 8.6 10.5 9.8 10.3 11.5 10.5 11.1 9.6 10.2 10.0 2009: 9.8 11.3 11.4 11.4 11.3 10.8 12.0 11.2 11.6 10.5 11.0 12.5 11.2 2010: 13.2 13.8 14.7 16.6 17.9 17.1 16.8 16.8 15.0 12.3 10.5 10.9 14.6 2011: 11.3 10.9 11.4 10.7 10.9 10.9 11.3 11.0 10.5 12.0 11.0 10.8 11.1 2012: 10.5 10.4 10.3 9.9 9.9 10.2 -------------------------------------------------------------------------------------------------------------------- 1/ Simple average of monthly ratios, January through December. Prices Paid Steer & Heifer-Corn Feed Ratio Monthly and Annual Average - United States: 2008-2012 [Number of bushels of corn equal in value to 100 pounds of steers & heifers, live weight] -------------------------------------------------------------------------------------------------------------------- Year :January :February :March :April : May :June :July :August :September :October :November :December :Average 1/ -------------------------------------------------------------------------------------------------------------------- 2008: 23.5 20.8 19.8 17.9 18.2 17.6 19.0 19.0 19.8 21.3 21.3 20.9 19.9 2009: 19.7 21.7 21.8 22.9 22.1 21.2 23.7 25.6 26.3 23.4 23.4 23.3 22.9 2010: 23.9 25.5 27.0 29.6 28.6 27.8 27.5 26.9 24.4 22.9 22.2 21.6 25.7 2011: 22.3 19.6 21.3 19.2 18.2 17.2 18.2 16.6 18.4 21.4 21.6 21.5 19.6 2012: 21.4 20.9 20.8 20.2 19.9 20.6 -------------------------------------------------------------------------------------------------------------------- 1/ Simple average of monthly ratios, January through December. 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 five 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 United States 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 United States 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 United States 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 Dale Hawks, Acting 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, Head, Field Crops Section................................. (202) 720-2127 Suzanne Avilla - Peanuts, Rice............................................ (202) 720-7688 Bryan Durham - Oats, Rye, Wheat........................................... (202) 720-8068 Steve Maliszewski - Cotton, Cotton Ginnings, Sorghum...................... (202) 720-5944 Anthony Prillaman - Corn, Proso Millet, Flaxseed.......................... (202) 720-9526 Julie Schmidt - Crop Weather, Barley, Hay................................. (202) 720-7621 Travis Thorson - Soybeans, Sunflower, Other Oilseeds...................... (202) 720-7369 Jorge Garcia-Pratts, Head, Fruits, Vegetables and Special Crops Section..... (202) 720-2127 Debbie Flippin - Fresh and Processing Vegetables, Onions, Strawberries.... (202) 720-2157 Fred Granja - Apples, Apricots, Cherries, Plums, Prunes, Tobacco ......... (202) 720-4288 Erika White - Floriculture, Maple Syrup, Nursery, Tree Nuts .............. (202) 720-4215 Chris Hawthorn - Citrus, Coffee, Sugar Crops, Grapes, Tropical Fruits..... (202) 720-5412 Daphne Schauber - Berries, Cranberries, Potatoes, Sweet Potatoes ......... (202) 720-4285 Dan Norris - Austrian Winter Peas, Dry Edible Peas, Lentils, Mints, Mushrooms, Peaches, Pears, Wrinkled Seed Peas, Dry Beans ............... (202) 720-3250 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch....................................... (202) 720-3570 Scott Hollis, Head, Livestock Section....................................... (202) 720-3570 Travis Averill - Cattle................................................... (202) 720-3040 Mike Miller - Milk, Milk Cows............................................ (202) 720-3278 Doug Bounds - Hogs....................................................... (202) 720-3106 Bruce Boess, Head, Poultry and Specialty Commodities Section................ (202) 720-3570 Cody Brokmeyer - Turkeys................................................. (202) 690-3237 LaKeya Jones - Honey..................................................... (202) 720-0585 Kim Linonis - Eggs........................................................ (202) 690-8632 Miste Salmon - Broilers................................................... (202) 720-3244 Indexes, Prices Paid, and Parity Prices Dale Hawks, Acting Chief, Environmental, Economics and Demographics Branch...................................................... (202) 720-6146 Tony Dorn, Head, Economics Section.......................................... (202) 690-3223 Daryl Brinkman - Prices Received Indexes, Parity Prices.................. (202) 720-8844 Scott Shimmin - Grazing Fees............................................. (202) 690-3231 Vincent Davis - 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.................................. (202) 690-3229 Access to NASS Reports For your convenience, you may access NASS reports and products the following ways: All reports are available electronically, at no cost, on the NASS web site: http://www.nass.usda.gov Both national and state specific reports are available via a free e- mail subscription. To set-up this free subscription, visit http://www.nass.usda.gov and in the "Follow NASS" box under "Receive reports by Email," click on "National" or "State" to select the reports you would like to receive. Printed reports may be purchased from the National Technical Information Service (NTIS) by calling toll-free (800) 999-6779, or (703) 605-6220 if calling from outside the United States or Canada. Accepted methods of payment are Visa, MasterCard, check, or money order. For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: nass@nass.usda.gov. The United States Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, political beliefs, genetic information, reprisal, or because all or a part of an individual's income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). 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