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East & Midwest Grain Prices as of May 21

Upper Midwest (Des Moines, IA)
5/17/08
Organic grain and feedstuff prices were steady on light demand and offerings. Corn trade slowed from the previous reporting period, while there were a few soybean trades.  However, soybeans and oats are hard to find in the market. Overall, trade remained quiet.  Producers are concentrating on planting and not so much on marketing.  It did dry up across much of the Midwest to allow for planting progress.  Organic crops are also being planted now.  New crop bids for feed grade corn are from $8.00 to $9.00 per bushel.  New crop bids for feed grade soybeans are from $22.00 to $24.00 per bushel.  New crop bids for food grade soybeans are from $25.00 to $29.00 per bushel. 
All prices FOB price per bushel except where stated (trucking cost needs to be added)


                                             

May 17  2008

April 2008

     March  2008

   Feb 2008

Feed Grade Corn

10.51

10.25

10.37

10.07

Food Grade Soybeans

      29.50

28.00

29.25

26.29

Feed Grade Soybeans

23.37

 

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)
5/21/08
Trading activity was slow with very light demand for organic ingredients.  Feed grade corn and soybeans were steady.  Lack of producer selling due to planting progress limited buying interest this week.  Tight supplies for soybeans and wheat continue to support prices.  Reports of imported soybeans ranging from 29.00 to 33.00 delivered.  Food grade, soft red wheat ranging from 16.00 to 20.00 per bushel. 

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


                                             

May 17 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

26.75

25.00

 

24.41

23.84

Feed Grade Soybeans

 

 

26.21

24.45

20.76

Soybean meal/ton

 

 

1106

915

905

Feed Grade Oats

5.5

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

 

April 2008 organic grain prices compared to February 2007

% Change

Upper Midwest              Feb 07 to April 08

Corn

65.42%

Soybean

51.39%

Barley

86.77%

Wheat

89.90%

Oats

62.06%

 

Eastern Corn Belt            Apr 07 to April 08

Corn

58.90%

Soybean

77.16%

Wheat

115.45%

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%

Retail price of Organic Milk in ½ gallons compared to changes in pay price

 

Aug 2005

April 2006

April 2007

April 2008

Increase 05-08

Farmer Pay price/1/2 gal

$    0.91

$    1.07

$      1.07

$      1.20

 

Average retail 1/2 gal

$    3.44

$    3.61

$      3.85

$      3.93

 

%Increase in Pay price

 

17%

0%

12%

31%

% Increase in retail price

 

4%

6%

2%

14%

Farmer price as a % of retail

26%

30%

28%

31%

 

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