March milk prices decrease

ALBANY – Prices received by New York producers for milk sold during March were down from a month earlier, according to King Whetstone, Director of USDA’s National Agricultural Statistics Service, Northeastern Region.

The prices of corn, hay and potatoes increased. The price of apples decreased. Many previous month prices were revised due to more complete sales information.

Dairy farmers in the Empire State received an average of $20.10 per hundredweight of milk sold during March, down 60 cents from February but $1.70 more than last March. Grain corn, at $7.27 per bushel, was up 38 cents from February and up 49 cents from last March. Hay averaged $134 per ton, up $1 from February 2013 but down $26 from last March. Potatoes averaged $14.20 per cwt., up 20 cents from February but $1.10 cents lower than March 2012. Apples, at $45.20 per cwt., were down 90 cents from last month but $15.40 higher than prices received a year ago.

The preliminary All Farm Products Index of Prices Received by Farmers in March, at 202 percent, based on 1990-1992=100, increased 3 points (1.5 percent) from February. The Crop Index is up 5 points (2.1 percent) and the Livestock Index increased 3 points (1.9 percent). Producers received higher prices for lettuce, broilers, corn, and eggs and lower prices for hogs, milk, wheat, and onions. 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 strawberries, corn, broilers, and milk offset the decreased marketing of cattle, soybeans, cotton, and hay. The information in this release is available by free email subscription by subscribing to New York reports at www.nass.usda.gov/ny.