Upper Midwest (Des Moines, IA)
5/17/08
Organic grain and feedstuff prices were steady on light demand and offerings. Corn trade slowed from the previous reporting period, while there were a few soybean trades. However, soybeans and oats are hard to find in the market. Overall, trade remained quiet. Producers are concentrating on planting and not so much on marketing. It did dry up across much of the Midwest to allow for planting progress. Organic crops are also being planted now. New crop bids for feed grade corn are from $8.00 to $9.00 per bushel. New crop bids for feed grade soybeans are from $22.00 to $24.00 per bushel. New crop bids for food grade soybeans are from $25.00 to $29.00 per bushel.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
May 17 2008 |
April 2008 |
March 2008 |
Feb 2008 |
|
|
Feed Grade Corn |
10.51 |
10.25 |
10.37 |
10.07 |
|
Food Grade Soybeans |
29.50 |
28.00 |
29.25 |
26.29 |
|
Feed Grade Soybeans |
23.37 |
|
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)
5/21/08
Trading activity was slow with very light demand for organic ingredients. Feed grade corn and soybeans were steady. Lack of producer selling due to planting progress limited buying interest this week. Tight supplies for soybeans and wheat continue to support prices. Reports of imported soybeans ranging from 29.00 to 33.00 delivered. Food grade, soft red wheat ranging from 16.00 to 20.00 per bushel.
All prices FOB price per bushel except where stated (trucking cost needs to be added)
|
May 17 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 |
26.75 |
25.00 |
|
24.41 |
23.84 |
|
Feed Grade Soybeans |
|
|
26.21 |
24.45 |
20.76 |
|
Soybean meal/ton |
|
|
1106 |
915 |
905 |
|
Feed Grade Oats |
5.5 |
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 |
April 2008 organic grain prices compared to February 2007
|
% Change |
|
|
Upper Midwest Feb 07 to April 08 |
|
|
Corn |
65.42% |
|
Soybean |
51.39% |
|
Barley |
86.77% |
|
Wheat |
89.90% |
|
Oats |
62.06% |
|
|
|
|
Eastern Corn Belt Apr 07 to April 08 |
|
|
Corn |
58.90% |
|
Soybean |
77.16% |
|
Wheat |
115.45% |
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% |
Retail price of Organic Milk in ½ gallons compared to changes in pay price
|
|
Aug 2005 |
April 2006 |
April 2007 |
April 2008 |
Increase 05-08 |
|
Farmer Pay price/1/2 gal |
$ 0.91 |
$ 1.07 |
$ 1.07 |
$ 1.20 |
|
|
Average retail 1/2 gal |
$ 3.44 |
$ 3.61 |
$ 3.85 |
$ 3.93 |
|
|
%Increase in Pay price |
|
17% |
0% |
12% |
31% |
|
% Increase in retail price |
|
4% |
6% |
2% |
14% |
|
Farmer price as a % of retail |
26% |
30% |
28% |
31% |
|
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
Posted: to Industry News on Wed, May 21, 2008
Updated: Wed, May 21, 2008
