Prices received by Michigan farmers for the full month of November 2014 and mid - month prices as of December 15, 2014 are listed in the table below. Some Michigan highlights were: December corn, at $3.80 per bushel, increased $0.23 from November and decreased $0.23 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 $5.90 per bushel, increased $0.25 from November and decreased $0.47 from last year; December milk, at $20.90 per cwt., decreased $2.10 from last month, and decreased $1.20 from last year.
The preliminary December Prices Received Index (Agricultural Production), at 102 percent, based on 2011=100, increased 1 point (1.0 percent) from November. At 82, the December Crop Production Index is up 2 points (2.5 percent). At 129, the Livestock Production Index decreased 5 points (3.7 percent). Producers received higher prices for corn, market eggs, wheat, and cattle but lower prices for milk, broilers, lettuce, and oranges.
In addition to prices, the f ive - year average monthly mix of commodities producers market impacts the monthly indexes. Increased monthly movement of wheat, oranges, broilers, and milk offset the decreased marketing of corn, calves, soybeans, and grapes. The preliminary Prices Receive d Index is up 2 points (2.0 percent) from December 2013. The Food Commodities Index, at 116, decreased 3 points (2.5 percent) from last month but increased 7 points (6.4 percent) from December 2013.
Source:usda.gov
Click here to see more...