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Feed Price, October 2013

Update

Added November 18, 2013.

Feed Price Update: November 9th 2013
National Organic Grain and Feedstuffs Report
The following information is provided by the USDA livestock and Grain Market News who produce one national report.

Trading in national organic grain and feedstuff has been steady and the market was more active as the harvesting of corn and soybeans is being concluded. Initial estimates are for increased yield over 2012. Demand for feed grade soybeans was good as supplies of finished soybean meal were limited. Crop conditions were mixed with the Eastern Corn belt being excellent and the Midwest reporting average conditions. New crop wheat harvest in the Northwest is reported to be very good with yields coming in better than originally expected.
While the contracted prices are lower there is no thought or indication that these slightly lower prices will be passed on to producers who purchase pelleted feed or roasted soymeal. In the northeast 2012 had a summer drought that burnt up the pastures and cut the yields on field crops and hay and 2013 has seen excess rainfall causing late planting and delayed harvesting but the pastures are still growing. Corn yields in the East are generally predicted to be higher than those in Central US but concerns of an early frost and late planting makes predictions difficult

Alfalfa hay in Iowa: Supreme quality is $335.00; Premium is $300.00, and Good grade is $285.00. Oregon alfalfa: Good quality has been traded at $265.00. California: (Large squares) Supreme $300, Premium $210 and Good $200. All hay prices are reported on a per ton bases. Quality hay is difficult to find in the northeast.

Organic Future contracts

Feed Grain Corn – New Crop

$11 for delivery in June-Aug 2014

Barley – New Crop

$9.04 for delivery in Fall 13- Spring 2014

Feed Grade Soybeans – New Crop

$25-26.00 for delivery in Oct-Dec 2013

Prices negotiated on the spot market, freight on buyer (trucking paid by buyer = FOB) the farm. Prices are quoted based upon $/bushel, except soybean meal ($/ton and FOB the mill) and roasted soybeans, $/ton. Most prices are based on trading in the Midwest, so delivery to other parts of the country has to be added. Hay is reported FOB the stack or barn unless otherwise noted.

Nov.
2013

Oct 13

Sept 13

Aug 13

2nd qtr. 13

Nov.
2012

Feed Grade Corn

10.04

10.12

11.22

11.92

12.93

15.43

Food Grade Soybeans

28.65

28.83

28.63

30.00

28.33

29.0

Feed Grade Soybeans

24.47

25.09

26.75

26.87

25.94

26.29

Feed Grade Oats

5.88

6.48

5.82

Feed Grade Barley

9.0

9.52

11.59

Food Grade Wheat

17.75

17.75

15.15

15.32

Feed Grade Wheat

10

10

10.5

15.5

12.75

Soybean meal

$1,062
/ton

$1,125
/ton

$1,120
/ton

$1,109
/ton

$1,150
/ton

Feed Grade Peas

21.8

Organic Alfalfa - Premium

Organic Alfalfa – Good

Organic Grass Hay

The Farm Price Barometer highlights the failure of price to farmers and growers increasing with comparable increase in inputs and comparable prices. Organic prices for grain are comparable to parity or higher which reflects the true costs for grain farmers. Unfortunately the parity price for organic dairy and livestock does not reflect parity, even using non-organic prices with a parity price of $52 per cwt for non-organic milk and an average organic price of approximately $30/cwt. For a comprehensive article explaining parity prices by Kevin Englebert please go to: http://www.nodpa.com/in_parity_pricing_012213.shtml


Commodity

Current Organic price

Non-organic parity price

% of Parity

Crops

Barley (bushel)

$ 11.25

$ 12.60

89%

Corn (bushel)

$ 14.49

$ 12.00

121%

Cotton, Upland (lb)

$ 1.50

$ 2.08

72%

Flaxseed (bushel)

$ 38.71

$ 31.80

122%

Oats (bushel)

$ 5.75

$ 7.60

76%

Peanuts (lb)

$ 0.75

0%

Rice (cwt)

$ 25.00

$ 42.20

59%

Sorghum Grain (cwt)

$ 35.00

$ 21.10

166%

Soybeans (bushel)

$ 26.72

$ 28.90

92%

Wheat (bushel)

$ 14.12

$ 18.30

77%

Livestock

Cattle (cwt)

$ 163.00

$ 292.00

56%

Hogs (cwt)

$ 85.00

$ 160.00

53%

Dairy/Poultry

Eggs, (dozen)

$ 2.75

$ 2.63

105%

Milk, All (cwt)

$ 30.00

$ 52.00

58%

November 18, 2013_Corn1

November 18, 2013_Soybean2

November 18, 2013_2011Feedpercow3


Courtesy of Bob Parsons, University of Vermont

November 18, 2013percentgrainprice4

Courtesy of Green Mountain Feeds, University of Vermont and Producers
Current market price for organic dry shelled corn is between $550-650/ton, $620 for corn meal in NY, and organic raw soybeans are between $950-1,050/ ton. Second cut hay is selling for around $200-250/ton and high quality alfalfa hay at $450/ton at the farm.

Located below are the links to latest organic price reports.
National Hay, Feed & Seed Weekly Summary http://www.ams.usda.gov/mnreports/lswfeedseed.pdf
Bi weekly National Organic Grains and Feedstuffs: http://www.ams.usda.gov/mnreports/lsbnof.pdf

Posted: to Organic Pay, Feed & Grain Prices on Mon, Nov 18, 2013
Updated: Mon, Nov 18, 2013