May milk prices up from April

ALBANY – Prices received by New York producers for milk sold during May were up from a month earlier, according to Blair Smith, State Statistician of USDA’s National Agricultural Statistics Service, New York Field Office. The price of hay and potatoes increased also. The price of corn and wheat decreased. Many previous month prices were revised due to more complete sales information.

Dairy farmers in the Empire State received an average of $20.60 per hundredweight of milk sold during May, up 10 cents from April and $3.30 more than May 2012.

Grain corn, at $6.29 per bushel, was down 43 cents from April and 22 cents below May 2012 prices. Hay averaged $143 per ton, up $3 from last month and up $30 from May 2012. Potatoes averaged $14.10 per cwt., was up 20 cents from April but $2.20 below May 2012. Wheat, at $7.05 per cwt., was down 91 cents from last month but 75 cents above the May 2012 price.

The preliminary All Farm Products Index of Prices Received by Farmers in May, at 194 percent, based on 1990-1992 = 100, increased 2 points (1.0 percent) from April. The Crop Index is down 1 point (0.5 percent) but the Livestock Index increased 6 points (3.7 percent). Producers received higher prices for eggs, hogs, soybeans, and broilers. Prices were lower for corn 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 broilers, sweet corn, and hay offset decreased marketings of soybeans, apples, wheat, and oranges.

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