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Feed Price Summary May 2011

Added May 16, 2011

Corn Price Update March 2011
Upper Midwest (Des Moines, IA)
4/30/11
For the following states: WI, MN, IA, SD, ND, NE, KS, MO

Trading in organic grain and feedstuffs were higher than March 2011, with moderate to good demand for alternative feed grains, and moderate demand for corn and soybeans. Offerings of feed grade corn and peas were reportedly lighter due to limited supply. The price range of feed grade corn was steady to firm this period. However, the weighted average was higher than the previous week due to increased volume of corn at the higher end of the range late in the reporting period. As conventional corn prices drive producers to demand higher organic prices, increased prices and use of alternative grains is growing increasingly prevalent. Recent snow and rain in the Dakotas as well as flooding in several states is weighing heavy on the minds of farmers and grain buyers alike. Some organic farmers have reportedly switched from small grain production to corn and/or soybean production in light of the recent availability of organic crop insurance for those commodities.

Monthly and fourth quarter average prices are located below.
All prices FOB price per bushel except where stated (trucking cost needs to be added)

4/30/11

March 11

Feb 11

Jan 11

1st qtr 11

May 10

Feed Grade Corn

10.19

9.79

8.81

7.59

8.66

4.6

Food Grade Soybeans

20.59

19.01

Feed Grade Soybeans

19.14

21.09

18.60

17.52

18.81

16.48

Feed Grade Oats

5.20

4.15

4.14

3.21

Feed Grade Barley

7.88

6.63

6.57

5.53

6.32

3.91

Food Grade Wheat

10.17

Feed Grade Wheat

Soybean meal

806.11

768/ton

Feed Grade Peas

10.27

40.41

9.17

10.54

8.42

Organic Alfalfa - Premium

Organic Alfalfa – Good

Eastern Cornbelt (Springfield, IL)
4:30/11
For the following states: IL, IN, OH, MI, PA, NC, NY, VT
Trading in organic grain and feedstuff prices were mostly steady, with activity slow with light organic grain movement for this reporting period. Producers are more focused on planting season than marketing grain.
All prices FOB price per bushel except where stated (trucking cost needs to be added)

4/30/11

March 11

Feb 11

Jan 11

1st qtr 2011

May 10

Feed Grade Corn

10.21

9.52

7.60

7.17

7.76

5.40

Food Grade Wheat

9.69

7.30

8.37

7.17

Feed Grade Wheat

9.10

9.0

5.40

Feed Grade Barley

6.6

5.27

4.76

5.57

4.39

Feed Grade Soybeans

18.74

18.35

18.05

17.25

18.0

Soybean meal/ton

781/ton

758/ton

770/ton

Feed Grade Oats

4.03

2.84

4.02

2.92

Feed Grade Peas

Organic Alfalfa – Good

Organic Grass Hay – Utility

May 2011_Corn1

May 2011_Soybean2

May 2011_CornandSoybeans3

May 2011Northeastgrainprices4

May 2011Feedcostpercowforfeedupdate5

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

% 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
National Organic Grains and Feedstuffs: http://www.ams.usda.gov/mnreports/lsbnof.pdf

Posted: to Organic Pay, Feed & Grain Prices on Mon, May 16, 2011
Updated: Mon, May 16, 2011