Prices received by Michigan farmers for the full month of December 2014 are listed in the table below.
Some Michigan highlights were: December corn, at $3.63 per bushel, increased $0.06 from November and decreased $0.40 from last year; December soybeans, at $10.10 per bushel, was unchanged from last month and decreased $2.90 from last year; December wheat, at $6.11 per bushel, increased $0.46 from November and decreased $0.26 from last year; December milk, at $20.50 per cwt., decreased $2.50 from last month, and decreased $1.60 from last year.
The December Prices Received Index (Agricultural Production), at 100, based on 2011=100, decreased 1 point (1.0 percent) from November. At 82, the December Crop Production Index is up 1 point (1.2 percent). At 127, the Livestock Production Index decre ased 7 points (5.2 percent). Producers received lower prices for milk, broilers, lettuce, and cattle. Higher prices were received for corn, eggs, soybeans, and grain sorghum.
In addition to prices, the indexes are impacted by the five - year average monthly mix of commodities producers market. Increased monthly movement of wheat, broilers, oranges, and milk offset the decreased marketing of corn, calves, grapes, and soybeans. The Prices Received Index is unchanged from December 2013. The Food Commodities Ind ex, at 114, decreased 6 points (5.0 percent) from the previous month but increased 5 points (4.6 percent) from December 2013.
Source:usda.gov