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Feed Price Summary April 2013

Update

Added April 10, 2013.

Feed Price Update: March 31st 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 organic grain and feedstuffs has been at a near standstill as buyers have their immediate needs already met although some sellers were looking to move some inventory. Prices on soybeans are decreasing as new supplies become available but asking prices remain higher than mills are willing to pay at this time. Inventories appear to be in good shape going into planting with the larger question around how the drought stricken areas have fared in picking up enough moisture for 2013. While soybean prices have lowered slightly, some buyers continue to import grains from overseas due to prices and availability. Barley trade has not been in the forefront of recent trading, due largely to the bulk of that commodity being imported from Canada, South America, and some reports say China.

Feed grade wheat was higher as a result of livestock producers feeding more wheat than anticipated earlier this year due to high corn prices. Feed wheat remains in the area of $2.00 over the protein point in all regions this period.

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. 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

$11.88-12 for delivery in Oct 2013-Feb 2014

Barley – New Crop

$9.04 for delivery in Fall 13- Spring 2014

Feed Grade Soybeans – New Crop

$25.00 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.

April 13

March 2013

Feb 2013

Ist qtr. 13

March 2012

Feed Grade Corn

12.9

14.49

14.22

14.37

12.55

Food Grade Soybeans

28.0

28.71

29.2

25.58

Feed Grade Soybeans

25.75

26.67

26.64

26.54

24.61

Feed Grade Oats

5.75

5.85

6.35

6.05

5.20

Feed Grade Barley

10.25

11.25

11.38

11.23

12.61

Food Grade Wheat

15.38

15.42

15.4

Feed Grade Wheat

13.5

14.24

14.29

10.22

Soybean meal

$1,127/ton

$1,148/ton

$1,139/ton

1050/ton

Feed Grade Peas

15.6

21.8

21.8

Organic Alfalfa - Premium

$335/ton

Organic Alfalfa – Good

$285/ton

$250/ton

240.00

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%

April 10, 2013_OrganicCornprice1

April 10, 2013_Soybeanprice2

April 10, 2013Feedpercow3


Courtesy of Bob Parsons, University of Vermont

April 10, 2013Livestockpricegoals4

April 10, 2013percentgrainprice5

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