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East & Midwest Grain & Hay Prices as of June 6

Upper Midwest (Des Moines, IA), 5/31/08
Organic grain and feedstuff prices were steady on light demand and offerings with not much movement happening.  Producers want to talk but they are nervous and don't want to sell any crop right now.  They either believe they have a crop worth a great deal of money due to short supply or they are worried they won't be able to get a crop in the ground because of the excessive rain. Organic corn plantings are falling behind now.  Soybeans aren't behind yet but getting close.  According to the USDA, conventional soybean plantings are 69 percent complete, compared to the five year average of 81 percent. There are still opportunities to plant shorter growing season soybeans but producers will have to look hard to find the seed.  Some organic oats were planted last week in Iowa with producers hoping to get a good crop because of the late season cool, wet weather.  New crop soybeans being contracted for $22.00 to $25.00 per bushel.  New crop oats being contracted for $4.00 to $4.50 per bushel.  Hearing about lots of organic livestock, chickens and cattle, being converted back to conventional from organic due to high feed costs. 

All prices FOB price per bushel except where stated (trucking cost needs to be added)


                                              

May 31  2008

April 2008

     March  2008

   Feb 2008

Feed Grade Corn

10.51

10.26

10.37

10.07

Food Grade Soybeans

      30.00

28.59

29.25

26.29

Feed Grade Soybeans

 

26.79

25.33

22.73

Feed Grade Oats

 

 

5.75

5.05

Feed Grade Barley

 

8.00

8.05

7.92

Food Grade Wheat

 

25.00

16.98

17.14

Feed Grade Wheat

 

15.75

 

 

Feed Grade Rye

 

 

11.00

11.00

Feed Grade Peas

 

13.50

9.00

 

Organic Alfalfa – Good

190-200/ton

200/ton

 

 

Organic Alfalfa – Utility

125-135/ton

 

 

 

Eastern Cornbelt (Springfield, IL), 5/31/08
Compared to two weeks ago, organic grain and feedstuff prices were steady to higher.  Demand was light to moderate for light offerings. Feed grade corn was steady with moderate supplies.  Good demand helped to push soybean prices higher.  Heavy rainfall has delayed planting progress through central and southern Illinois. Many producers are unable to commit to long term contracts due to the uncertainty of their field crops.  Reports of new crop contracts for feed grade corn ranging from 10.00 to 10.75 per bushel.

All prices FOB price per bushel except where stated (trucking cost needs to be added)


                                             

May 31 2008

April 2008

March  2008

Feb 2008

January 2008

Feed Grade Corn

10.00

10.50

10.27

9.77

9.69

Food Grade Wheat

21.53

 

14.50

13.75

14.88

Feed Grade Wheat

 

 

 

 

13.67

Food Grade Soybeans

29.00

25.00

 

24.41

23.84

Feed Grade Soybeans

 

 

26.21

24.45

20.76

Soybean meal/ton

 

 

1106

915

905

Feed Grade Oats

5.68

6.00

5.32

 

 

Organic Alfalfa – Good

 

185/ton

 

 

 

Organic Grass Hay – Utility

 

125/ton

 

 

 

Hay Price 5/3/08


Northern CA -premium Alfalfa hay

270/ton

Eastern and Lake County Oregon -  premium Alfalfa

200/ton

Nevada – Premium Alfalfa

230/ton

Nevada – Fair Alfalfa

200/ton

May 2008 organic grain prices compared to February/April 2007


% Change

Eastern Corn Belt            April 07 to May 08

Corn

            54.02%

Soybean

101.76%

Soybean meal

71.89%

Wheat

115.45

Barley

16.67%

Oats

75.64%

 

Upper Mid West               Feb 07 to May 08

Corn

70.13%

Soybean

44.71%

Wheat

167.40%

Oats

69.12%

Barley

85.61%

Northeast Organic grain price 2005-2008


Year

12% CP Grain

16% CP Grain

18% CP Grain

2005

$    310

$    330

$    349

2006

$    350

$    380

$    395

2007

$    360

$    393

$    412

2008

$    490

$    565

$    598

% increase 2005-2008

58.06%

71.21%

71.35%

Located below are the links to latest organic price reports.
Upper Midwest Organic Grain and Feedstuff  http://www.ams.usda.gov/mnreports/nw_gr113.txt
Eastern Corn Belt Organic Grain Feedstuff  http://www.ams.usda.gov/mnreports/gx_gr120.txt
National Hay, Feed & Seed Weekly Summary  http://www.ams.usda.gov/mnreports/lswfeedseed.pdf