Prices received by Michigan farmers for the full month of November 2016 are listed in the table below.
Some Michigan highlights were: November corn, at $3.24 per bushel, decreased $0.11 from October and decreased $0.26 from last year; November soybeans, at $9.45 per bushel, increased $0.18 from las t month and increased $1.15 from last year; November wheat, at $3.94 per bushel, decreased $0.11 from October and decreased $1.87 from last year; November milk, at $16.00 per cwt., increased $0.70 from last month, and decreased $1.80 from last year.
The N ovember Prices Received Index (Agricultural Production), at 83.6, increased 3.5 percent from October 2016. At 81.0, the Crop Production Index increased 1.9 percent. The Livestock Production Index, at 86.3, increased 4.7 percent. Producers received higher p rices for broilers, milk, and cattle but lower prices for hogs, corn, and apples. Compared with a year earlier, the Prices Received Index is down 8.9 percent. The Crop Production Index decreased 1.1 percent and the Livestock Production Index 18 percent.
In addition to prices, the indexes are influenced by changes in the monthly mix of commodities marketed. Increased monthly movement of milk, cattle, cotton, and corn offset the decreased marketing of soybeans, grapes, potatoes, and wheat. The Food Commoditie s Index, at 89.3, increased 6.1 percent from the previous month but is down 12 percent from November 2015.
Source:usda.gov