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East & Midwest Grain & Hay Prices, August 1, 2008

Added August 1, 2008

Lakeview Organic Grain price list 6/9/08
119 Hamilton Place, Penn Yan, NY 14527
Phone: 315-531-1038

Organic corn

$440/ton

Organic roasted soybeans

$910/ton

Organic 48% soybean meal

$1,320/ton

Organic roasted dry beans

$530/ton

Organic flaxmeal

$760/ton

Organic barley

$460/ton

Organic oats

$410/ton

Organic Sunflowermeal

$545/ton

Upper Midwest (Des Moines, IA)

7/26/08
Compared to two weeks ago, organic grain and feedstuff prices were steady to weaker on moderate demand and offerings. The corn and soybean crops have seen much improvement over the weeks with the warmer weather and timely rains. Some areas thought have seen some wind damage from recent storms. South Dakota's conventional spring wheat harvest is behind due to rain. For the week ending July 27, the USDA shows that very little spring wheat has been harvested, compared to 30 percent a year ago and 26 percent for the five year average. Winter wheat harvest is behind too.

National oat harvest is lagging too with only 18 percent completed this week, compared to 41 percent last year. Several tons of wheat mids sold during the period from $280 to $300 per ton. A few new crop corn sales from $10.50 to $11.00 per bushel.

6/28/08
Compared to two weeks ago, organic grain and feedstuff prices were mostly steady on moderate demand and light offerings. The main concern right now is the livestock industry, which is beginning to really hurt from high organic grain prices. Beef cattle, dairy cattle and chickens are being turned back to conventional. Some organically raised cattle are being put on grass only. Producers are inquiring about new crop prices but are reluctant to do anything for 2 reasons. One, some producers don't know what kind of crop they will have after the tough planting season. Two, some producers have a great crop but feel that prices could go higher. Additionally, buyers are facing a lot of uncertainty about fuel charges. Shipping companies are starting to hit their customers with some hefty fuel surcharges. Organic alfalfa is looking rough too. It's had too much rain and not enough heat. RFVs are not very high. New crop bids are as follows: feed grade corn from $9.50 to $11.00; feed grade soybeans from $23.00 to $24.00; food grade soybeans from $28.00 to $32.00; spring wheat from $18.00 to $24.00; winter wheat from $15.00 to $19.00; feed grade oats from $5.50 to $7.00. A large number of bushels of new crop organic winter wheat have already been traded.

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


7/26/08

June 08

May 08

April 08

2nd Quarter 2008

Feed Grade Corn

10.87

10.82

10.49

10.26

10.44

Food Grade Soybeans

30.38

29.83

28.59

29.28

Feed Grade Soybeans

26.56

28.63

24.00

26.79

26.73

Feed Grade Oats

6.00

Feed Grade Barley

8.71

8.00

8.11

Food Grade Wheat

17.44

Feed Grade Wheat

15.86

15.75

15.36

Feed Grade Rye

12.15

Feed Grade Peas

13.50

Feed Grad Golden Flax

35.52

Organic Alfalfa – Good

235-250/ton

Organic Alfalfa – Utility

Eastern Cornbelt (Springfield, IL)
7/12/08
Compared to two weeks ago, organic grain and feedstuff prices were mostly steady. Trading activity was slow for light to moderate offerings. Feed grade corn and soybeans prices were steady to weak. Wheat trends were not established. The arrival of new crop wheat and spelt helped to pressure prices lower. Demand for feed ingredients was light due to higher feed cost and rising fuel surcharges. Many livestock producers are pulling back from purchases and sending cattle to greener pastures. Reports of feed grade soft red wheat ranging from 11.50 to 12.75 per bushel.

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


7/12/08

June 08

May 08

April 08

2nd qtr 08

Feed Grade Corn

10.75

9.93

10.04

9.91

9.95

Food Grade Wheat

15.42

21.53

21.53

Feed Grade Wheat

Food Grade Soybeans

24.41

Feed Grade Soybeans

27.67

28.71

26.75

25.93

26.83

Soybean meal/ton

Feed Grade Oats

4.93

5.68

5.48

5.57

Organic Alfalfa – Good

185/ton

Organic Grass Hay – Utility

125/ton

Hay Price 7/12/08


Northern CA – Supreme Alfalfa hay

250/ton

Northern CA – Alfalfa/Oats - Good

180/ton

Washington – Alfalfa - Good

180/ton

Nevada – Premium Alfalfa

180/ton

Nevada – Fair Alfalfa

180/ton

May 2008 organic grain prices compared to February/April 2007


% Change

Eastern Corn Belt April 07 to May 08

Corn

54.02%

Soybean

101.76%

Soybean meal

71.89%

Wheat

115.45

Barley

16.67%

Oats

75.64%

Upper Mid West Feb 07 to May 08

Corn

70.13%

Soybean

44.71%

Wheat

167.40%

Oats

69.12%

Barley

85.61%

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

$ 547

$ 588

$ 608

% increase 2005-2008

73.22%

78.18%

74.21%

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