Wisconsin corn, soybean prices up slightly, milk down
MADISON - The December 2017 average price received by farmers for corn in Wisconsin was $3.13 per bushel, according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was up $0.01 from November but down $0.02 from the previous December.
The December soybean price, at $9.43 per bushel, was up $0.03 from November but down $0.06 from the previous December.
The December oat price was $2.59 per bushel, $0.40 below the November price but $0.67 above December 2016.
All hay prices in Wisconsin averaged $120 per ton in December, down $11 from November but up $31 from December 2016. The alfalfa hay price averaged $127 per ton in December, down $11.00 from November but up $33 from the previous December. The other hay price averaged $94, down $9 from November but up $27.00 from the December 2016 price.
Milk prices down
Wisconsin farmers received an average price of $17.80 per hundredweight (cwt) for their milk in December 2017 according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $1.20 lower than last month’s price and $1.90 lower than last December’s price.
Prices received for milk cows for dairy herd replacement averaged $1,470 per head as of January 1, 2018.
The U.S. milk price for December was $17.20 per cwt, 60 cents lower than Wisconsin’s price and 90 cents lower than last month’s U.S. price. Twenty-two of the 23 major milk producing states had a lower price when compared with November, while only Florida had an increase in price. Minnesota had the largest price decline, down $1.60 to $17.10 per cwt.
The Chicago Mercantile Exchange (CME) 40‐pound block cheese price closed at $1.4625 per pound on January 30, while barrels were $1.3200 per pound. The CME butter price was $2.1425 per pound.
For the week ending January 20, 2018, the Agricultural Marketing Service U.S. weekly 40‐pound block cheese price averaged $1.5275 per pound, and 500 pound barrels adjusted to 38 percent moisture averaged $1.4269 per pound. The U.S. butter price was $2.1821 per pound.