Michigan March Agricultural Prices

May 06, 2015

Prices received by Michigan farmers for the full month of March 2015 are listed in the table below.

Some Michigan highlights were: March corn, at $3.74 per bushel, increased $0.05 from February and decreased $0.73 from last year; March soybeans, at $9.91 per bushel, increased $0.03 from las t month and decreased $3.89 from last year; March wheat, at $5.98 per bushel, increased $0.05 from February and decreased $0.62 from last year; March milk, at $16.20 per cwt., decreased $0.40 from last month, and decreased $9.00 from last year.

The March Prices Received Index (Agricultural Production), at 102, based on 2011=100, increased 3 points (3.0 percent) from February. At 86, the March Crop Production Index is up 1 point (1.2 percent). At 117, the Livestock Production Index increased 3 points (2.6 p ercent). Producers received higher prices for broilers, eggs, cattle, and oranges but lower prices for milk, wheat, soybeans, and apples. In addition to prices, the indexes are impacted by the five - year average monthly mix of commodities producers market. Increased monthly movement of cattle, strawberries, calves, and milk offset the decreased marketing of cotton, soybeans, and hay.

The Prices Received Index is down 9 points (8.1 percent) from March 2014. The Food Commodities Index, at 110, increased 3 poi nts (2.8 percent) from the previous month but decreased 12 points (9.8 percent) from March 2014.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.