January milk prices decrease

ALBANY – Prices received by New York producers for milk sold during January were down from a month earlier, according to King Whetstone, Director of USDA’s National Agricultural Statistics Service, New York Field Office. The price of hay and apples also decreased. The price of corn and potatoes increased. Many previous month prices were revised due to more complete sales information.

Dairy farmers in the Empire State received an average of $20.70 per hundredweight of milk sold during January, down $1.40 cents from December but up 20 cents from January 2012. Grain corn, at $7.29 per bushel, was up 34 cents from December and 75 cents above January 2012 prices. Hay averaged $141 per ton, down $5 from last month but up $34 from January 2012. Potatoes averaged $13.90 per cwt, up 30 cents from December but down 70 cents from last year. Apples, at $47.60 per cwt., were down $2.50 from the previous month but were $16.20 above January 2012.

The preliminary All Farm Products Index of Prices Received by Farmers in January, at 217 percent, based on 1990-1992=100, increased 18 points (9.0 percent) from December. The Crop Index is up 22 points (9.7 percent) and the Livestock Index increased 2 points (1.2 percent). Producers received higher prices for lettuce, broilers, cattle, and corn and lower prices for milk, soybeans, eggs and wheat. 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 corn, soybeans, rice, and strawberries offset the decreased marketing of broilers, milk, wheat and upland cotton. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.