Added April 1, 2012.
Corn Price Update April 1st 2012
National Organic Grain and Feedstuffs Report
Information provided by the USDA livestock and Grain Market News who have combined their reporting into one national report.
April 1st, 2012
Organic soybeans price is rising more quickly as the corn price stabilizes but forward contracting for new crop corn delivered in December 2012 ranges from $11.50-11.75/bushel and soybeans $23-25/bushel. Trading of national organic grain and feedstuffs has been mostly higher this period with light to moderate offerings of feed grade grains reported. Good demand was reported for corn and soybeans, while feed grade wheat and barley were in very good demand due to rising corn prices. Feed corn in the Upper Midwest was mostly 13.50-14.00 this period. Feed corn in the Eastern Cornbelt was reported from 12.22-14.00, with the lower priced corn in very limited amounts, leaving the bulk of the market reported at 13.25-14.00. Feed grade soybeans were reported to be in tight supply throughout the Upper Midwest and Eastern Cornbelt due in part to farmers holding onto beans in hopes of higher prices. Some organic operations are still reportedly importing beans from Argentina as needed, along with actively seeking out alternative grains, as the higher prices make it difficult for organic livestock farmers to remain profitable.
Prices negotiated spot market, FOB the farm. Prices quoted $/bushel, except soybean meal ($/ton and FOB the mill) and roasted soybeans, $/ton. Hay reported FOB the stack or barn unless otherwise noted. Soybean oil, sunflowers, spelt, cents/lb.
|
3/17/12 |
Feb 2012 |
Jan 12 |
4th qtr. 11 |
April 2011 |
|
|
Feed Grade Corn |
12.55 |
12.64 |
12.4 |
12.17 |
10.19 |
|
Food Grade Soybeans |
25.58 |
23.23 |
22.55 |
21.02 |
|
|
Feed Grade Soybeans |
24.41 |
22.99 |
22.02 |
18.40 |
19.14 |
|
Feed Grade Oats |
5.00 |
5.34 |
5.00 |
4.74 |
5.20 |
|
Feed Grade Barley |
|
9.88 |
8.88 |
6.87 |
7.88 |
|
Food Grade Wheat |
|
|
9.05 |
|
|
|
Feed Grade Wheat |
10.69 |
10.55 |
11.31 |
|
|
|
Soybean meal |
1050/ton |
946.33 |
900/ton |
|
|
|
Feed Grade Peas |
|
|
12.5 |
11.51 |
10.27 |
|
Organic Alfalfa - Premium |
|
|
|
|
|
|
Organic Alfalfa – Good |
$300 |
|
$300 |
|
|
|
Organic Grass Hay |
$250 |
|
$250 |
|
|
Courtesy of Bob Parsons, University of Vermont
Northeast Organic grain price 2005-2010
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 |
|
2009 |
$540 |
$585 |
$620 |
|
2010 |
$460 |
$480 |
$509 |
|
2011 |
$650 |
$700 |
$750 |
|
% increase 2005-08 |
58% |
71% |
71% |
|
% increase 2005-09 |
74% |
77% |
77% |
|
% increase 2010-11 |
41% |
46% |
47% |
Courtesy of Green Mountain Feeds and University of Vermont
Current market price for organic dry shelled corn is between $550-600 / ton and organic raw soybeans are between $850-900/ 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.
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
National Organic Grains and Feedstuffs:
http://www.ams.usda.gov/mnreports/lsbnof.pdf
