Prices received by Michigan farmers for the full month of April 2016 are listed in the table below. Some Michigan highlights were: April corn, at $3.71 per bushel, increased $0.14 from March and decreased $0.07 from last year; April soybeans, at $9.12 per bushel, increased $0.35 from last m onth and decreased $0.88 from last year; April wheat, at $5.24 per bushel, decreased $0.01 from March and decreased $0.94 from last year; April milk, at $14.00 per cwt., decreased $0.10 from last month, and decreased $2.20 from last year.
The April Prices Received Index (Agricultural Production), at 93.0, increased 0.2 percent from March 2016. At 86.5, the Crop Production Index increased 4.2 percent. At 97.8, the Livestock Production Index decreased 2.4 percent. Producers received higher prices for broiler s, soybeans, lettuce, and hogs but lower prices for cattle, eggs, calves, and milk. Compared with a year earlier, the Prices Received Index is down 10 percent, the Crop Production Index decreased 2.4 percent and the Livestock Production Index declined 16 p ercent.
In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of strawberries, milk, oranges, and broilers offset the decreased marketing of corn, dry beans, cattle, and soybeans. T he Food Commodities Index, at 96.8, decreased 0.5 percent from the previous month and is down 13 percent from April 2015.
Source:usda.gov