Upper Midwest (Des Moines, IA), 5/31/08
Organic grain and feedstuff prices were steady on light demand and offerings with not much movement happening. Producers want to talk but they are nervous and don't want to sell any crop right now. They either believe they have a crop worth a great deal of money due to short supply or they are worried they won't be able to get a crop in the ground because of the excessive rain. Organic corn plantings are falling behind now. Soybeans aren't behind yet but getting close. According to the USDA, conventional soybean plantings are 69 percent complete, compared to the five year average of 81 percent. There are still opportunities to plant shorter growing season soybeans but producers will have to look hard to find the seed. Some organic oats were planted last week in Iowa with producers hoping to get a good crop because of the late season cool, wet weather. New crop soybeans being contracted for $22.00 to $25.00 per bushel. New crop oats being contracted for $4.00 to $4.50 per bushel. Hearing about lots of organic livestock, chickens and cattle, being converted back to conventional from organic due to high feed costs.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
May 31 2008 |
April 2008 |
March 2008 |
Feb 2008 |
|
|
Feed Grade Corn |
10.51 |
10.26 |
10.37 |
10.07 |
|
Food Grade Soybeans |
30.00 |
28.59 |
29.25 |
26.29 |
|
Feed Grade Soybeans |
|
26.79 |
25.33 |
22.73 |
|
Feed Grade Oats |
|
|
5.75 |
5.05 |
|
Feed Grade Barley |
|
8.00 |
8.05 |
7.92 |
|
Food Grade Wheat |
|
25.00 |
16.98 |
17.14 |
|
Feed Grade Wheat |
|
15.75 |
|
|
|
Feed Grade Rye |
|
|
11.00 |
11.00 |
|
Feed Grade Peas |
|
13.50 |
9.00 |
|
|
Organic Alfalfa – Good |
190-200/ton |
200/ton |
|
|
|
Organic Alfalfa – Utility |
125-135/ton |
|
|
|
Eastern Cornbelt (Springfield, IL), 5/31/08
Compared to two weeks ago, organic grain and feedstuff prices were steady to higher. Demand was light to moderate for light offerings. Feed grade corn was steady with moderate supplies. Good demand helped to push soybean prices higher. Heavy rainfall has delayed planting progress through central and southern Illinois. Many producers are unable to commit to long term contracts due to the uncertainty of their field crops. Reports of new crop contracts for feed grade corn ranging from 10.00 to 10.75 per bushel.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
May 31 2008 |
April 2008 |
March 2008 |
Feb 2008 |
January 2008 |
|
|
Feed Grade Corn |
10.00 |
10.50 |
10.27 |
9.77 |
9.69 |
|
Food Grade Wheat |
21.53 |
|
14.50 |
13.75 |
14.88 |
|
Feed Grade Wheat |
|
|
|
|
13.67 |
|
Food Grade Soybeans |
29.00 |
25.00 |
|
24.41 |
23.84 |
|
Feed Grade Soybeans |
|
|
26.21 |
24.45 |
20.76 |
|
Soybean meal/ton |
|
|
1106 |
915 |
905 |
|
Feed Grade Oats |
5.68 |
6.00 |
5.32 |
|
|
|
Organic Alfalfa – Good |
|
185/ton |
|
|
|
|
Organic Grass Hay – Utility |
|
125/ton |
|
|
|
Hay Price 5/3/08
Northern CA -premium Alfalfa hay |
270/ton |
|
Eastern and Lake County Oregon - premium Alfalfa |
200/ton |
|
Nevada – Premium Alfalfa |
230/ton |
|
Nevada – Fair Alfalfa |
200/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 |
$ 490 |
$ 565 |
$ 598 |
|
% 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
