50
Agricultural Prices ISSN: 1937-4216 Released June 29, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). May Farm Prices Received Index Up 2.0 Percent The May Prices Received Index (Agricultural Production), at 94.9, increased 2.0 percent from April 2016. At 90.7, the Crop Production Index increased 5.0 percent. The Livestock Production Index, at 97.9, increased 0.1 percent. Producers received higher prices for hogs, broilers, dry beans, and lettuce but lower prices for cattle, milk, strawberries, and market eggs. Compared with a year earlier, the Prices Received Index is down 12 percent, the Crop Production Index up 0.4 percent, and the Livestock Production Index down 20 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of cattle, hay, sweet corn, and broilers offset the decreased marketing of soybeans, dry beans, calves, and hogs. The Food Commodities Index, at 99.0, increased 2.4 percent from the previous month but is down 14 percent from May 2015. May Prices Paid Index Up 0.5 Percent The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 107.1, is up 0.5 percent from April 2016 but is down 3.6 percent from May 2015. Higher prices in May for feed concentrates, complete feeds, diesel, and LP gas more than offset lower prices for feeder cattle, feeder pigs, and hay & forages. Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 2011 Base United States: May 2016 with Comparisons Index Group May 2015 April 2016 May 2016 (percent) (percent) (percent) Prices received by farmers ......................................................................... Prices paid by farmers ................................................................................ Ratio of prices received to prices paid ........................................................ 107.2 111.1 96 93.0 106.6 87 94.9 107.1 89

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Page 1: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

Agricultural Prices

ISSN: 1937-4216

Released June 29, 2016, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of

Agriculture (USDA).

May Farm Prices Received Index Up 2.0 Percent

The May Prices Received Index (Agricultural Production), at 94.9, increased 2.0 percent from April 2016. At 90.7, the

Crop Production Index increased 5.0 percent. The Livestock Production Index, at 97.9, increased 0.1 percent. Producers

received higher prices for hogs, broilers, dry beans, and lettuce but lower prices for cattle, milk, strawberries, and market

eggs. Compared with a year earlier, the Prices Received Index is down 12 percent, the Crop Production Index up

0.4 percent, and the Livestock Production Index down 20 percent. In addition to prices, the indexes are influenced by the

monthly mix of commodities producers market. Increased monthly movement of cattle, hay, sweet corn, and broilers

offset the decreased marketing of soybeans, dry beans, calves, and hogs. The Food Commodities Index, at 99.0, increased

2.4 percent from the previous month but is down 14 percent from May 2015.

May Prices Paid Index Up 0.5 Percent

The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 107.1, is

up 0.5 percent from April 2016 but is down 3.6 percent from May 2015. Higher prices in May for feed concentrates,

complete feeds, diesel, and LP gas more than offset lower prices for feeder cattle, feeder pigs, and hay & forages.

Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 2011 Base – United States: May 2016 with Comparisons

Index Group May 2015

April 2016

May 2016

(percent) (percent) (percent)

Prices received by farmers ......................................................................... Prices paid by farmers ................................................................................ Ratio of prices received to prices paid ........................................................

107.2

111.1

96

93.0

106.6

87

94.9

107.1

89

Page 2: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

2 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Contents

Prices Received by Farmers .................................................................................................................................................... 4

Prices Received Indexes, 2011 Base – United States: May 2016 with Comparisons ............................................................. 5

Prices Received Indexes, 1910-1914 Base – United States: May 2016 with Comparisons .................................................... 5

Prices Received Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 .................................. 5

Prices Paid Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 .......................................... 6 Received and Paid Indexes, Annual Average – United States: 2011=100 Chart .................................................................... 6 Crop Farm Received and Paid Indexes, All Items by Quarter – United States: 2011=100 Chart ........................................... 7

Livestock Farm Received and Paid Indexes All Items by Quarter – United States: 2011=100 Chart .................................... 7

Received Indexes by Month, Agricultural, Crop, and Livestock Production – United States: 2011=100 Chart .................... 8

Received Indexes by Month, Feed Grain, Food Grain, and Oilseed – United States: 2011=100 Chart ................................. 8

Received Indexes by Month, Fruit & Tree Nut, and Vegetable & Melon – United States: 2011=100 Chart ......................... 9

Received Indexes by Month, Dairy, Meat Animal, and Poultry & Egg – United States: 2011=100 Chart ............................ 9

Prices Received for Field Crops and Fruits – United States: May 2016 with Comparisons ................................................. 10

Prices Received for Vegetables and Livestock – United States: May 2016 with Comparisons............................................ 11

Prices Received for Corn by Month – United States Chart ................................................................................................... 12

Prices Received for Wheat by Month – United States Chart ................................................................................................ 12

Prices Received for Upland Cotton by Month – United States Chart ................................................................................... 13

Prices Received for Soybeans by Month – United States Chart ........................................................................................... 13

Prices Received for Cattle by Month – United States Chart ................................................................................................. 14

Prices Received for Milk by Month – United States Chart ................................................................................................... 14

Prices Received for Hogs by Month – United States Chart .................................................................................................. 15

Prices Received for Poultry by Month – United States Chart ............................................................................................... 15

Prices Received for All Wheat, Corn, and Soybeans by Month – United States: 2016 with Comparisons .......................... 16

Prices Received for Beef Cattle and All Hogs by Month – United States: 2016 with Comparisons .................................... 16

Prices Received for All Wheat – States and United States: May 2016 with Comparisons ................................................... 17

Prices Received for Winter Wheat – States and United States: May 2016 with Comparisons ............................................. 17

Prices Received for Durum Wheat – States and United States: May 2016 with Comparisons ............................................. 18

Prices Received for Spring Wheat – States and United States: May 2016 with Comparisons ............................................. 18

Prices Received for Oats – States and United States: May 2016 with Comparisons ............................................................ 18

Prices Received for All Barley – States and United States: May 2016 with Comparisons ................................................... 19

Prices Received for Malting Barley – States and United States: May 2016 with Comparisons ........................................... 19

Prices Received for Feed Barley – States and United States: May 2016 with Comparisons ................................................ 19

Prices Received for Sorghum Grain – States and United States: May 2016 with Comparisons ........................................... 19

Prices Received for Corn – States and United States: May 2016 with Comparisons ........................................................... 20

Prices Received for Soybeans – States and United States: May 2016 with Comparisons .................................................... 20

Prices Received for Dry Beans – States and United States: May 2016 with Comparisons .................................................. 21

Prices Received for Peanuts (in shell) – States and United States: May 2016 with Comparisons ........................................ 21

Prices Received for Sunflower – States and United States: May 2016 with Comparisons ................................................... 21

Prices Received for Canola – States and United States: May 2016 with Comparisons ........................................................ 21

Prices Received for Flaxseed – States and United States: May 2016 with Comparisons ..................................................... 22

Prices Received for Upland Cotton and Cottonseed – States and United States: May 2016 with Comparisons .................. 22

Prices Received and Farm Marketings for Upland Cotton and Rice – United States: May 2016

with Comparisons .............................................................................................................................................................. 22

Prices Received for Hay by Type – States and United States: May 2016 with Comparisons ............................................... 23

Prices Received for Apples – States and United States: May 2016 with Comparisons ........................................................ 23

Prices Received for Citrus Fruits by Utilization – States and United States: May 2015 ...................................................... 24

Prices Received for Citrus Fruits by Utilization – States and United States: April 2016 ..................................................... 25

Prices Received for Citrus Fruits by Utilization – States and United States: May 2016 ...................................................... 26

Prices Received for Potatoes – States and United States: May 2016 with Comparisons ...................................................... 27

Prices Received for All Milk – States and United States: May 2016 with Comparisons ...................................................... 28

Prices Received for Milk Cows – States and United States: April 2016 with Comparisons ................................................ 28

Commodity Parity Prices and Price as Percent of Parity Price – United States: May 2016 with Comparisons ................... 29

Page 3: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

Agricultural Prices (June 2016) 3 USDA, National Agricultural Statistics Service

Commodity Parity Prices – United States: May 2016 with Comparisons ............................................................................ 30

Marketing Year for Specified Commodities ......................................................................................................................... 32

Prices Received and Farm Marketings for All Barley by Month – United States: Marketing Years 2013-2014

through 2015-2016 ............................................................................................................................................................ 32

Prices Received and Farm Marketings for Malting Barley by Month – United States: Marketing Years

2013-2014 through 2015-2016 .......................................................................................................................................... 33

Prices Received and Farm Marketings for Feed Barley by Month – United States: Marketing Years 2013-2014

through 2015-2016 ............................................................................................................................................................ 33

Prices Received and Farm Marketings for Oats by Month – United States: Marketing Years 2013-2014

through 2015-2016 ............................................................................................................................................................ 34

Prices Received for Sweet Potatoes, Market Year Average - States and United States: 2013-2015 .................................... 34

Prices Received and Farm Marketings for All Wheat by Month – United States: Marketing Years 2013-2014

through 2015-2016 ............................................................................................................................................................ 35

Prices Received for Winter Wheat by Month, Marketing Year Average – United States: 2013-2014

through 2015-2016 ............................................................................................................................................................ 35

Prices Received for Durum Wheat by Month, Marketing Year Average – United States: 2013-2014

through 2015-2016 ............................................................................................................................................................ 36

Prices Received for Other Spring Wheat by Month, Marketing Year Average – United States: 2013-2014

through 2015-2016 ............................................................................................................................................................ 36

Prices Received for Hard Red Spring Wheat by Month, Marketing Year Average – United States: 2013-2014

through 2015-2016 ............................................................................................................................................................ 37

Prices Received for Hard Red Winter Wheat by Month, Marketing Year Average – United States: 2013-2014

through 2015-2016 ............................................................................................................................................................ 37

Prices Received for Soft Red Winter Wheat by Month, Marketing Year Average – United States: 2013-2014

through 2015-2016 ............................................................................................................................................................ 38

Prices Received for White Wheat by Month, Marketing Year Average – United States: 2013-2014

through 2015-2016 ............................................................................................................................................................ 38

Reliability of Prices Received Estimates .............................................................................................................................. 39

Prices Paid by Farmers .......................................................................................................................................................... 40

Prices Paid Indexes and Related Parity Ratios – United States: May 2016 with Comparisons ............................................ 41

Prices Paid Indexes and Annual Weights for Input Components and Sub-components – United States:

May 2016 with Comparisons ............................................................................................................................................. 42

Paid Indexes by Month, All Items and Production Items – United States: 2011=100 Chart ................................................ 43

Paid Indexes, Annual Averages, Production Items, Interest, Taxes, and Wages – United States: 2011=100 Chart ............ 43

Paid Indexes by Farm Type and Month, All Items – United States: 2011=100 Chart .......................................................... 44

Paid Indexes by Origin and Month, All Production Items – United States: 2011=100 Chart .............................................. 44

Paid Indexes by Non-Farm Origin and Month, Chemicals, Fertilizer, and Fuels – United States: 2011=100 Chart ........... 45

Paid Indexes by Non-Farm Origin and Month, Machinery and Supplies & Repairs – United States: 2011=100 Chart ...... 45

Paid Indexes by Farm Origin and Month, Feed and Livestock & Poultry – United States: 2011=100 Chart ...................... 46

Feed Price Ratios – United States: May 2016 with Comparisons......................................................................................... 47

Prices Received Used to Calculate Feed Price Ratios – United States: May 2016 with Comparisons ................................. 47

Prices Paid for Feeder Livestock – United States: May 2016 with Comparisons ................................................................. 47

Reliability of Prices Paid Estimates ...................................................................................................................................... 48

Information Contacts ............................................................................................................................................................ 49

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4 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

May Prices Received by Farmers

The May Prices Received Index for agricultural production is 94.9 percent of its 2011 base, up 2.0 percent from the

April 2016 index but 12 percent below the May 2015 index.

Crop production: The May index, at 90.7, increased 5.0 percent from April and is slightly above May 2015. Higher

grain & oilseed and vegetable & melon production indexes led the increase.

Grain and oilseed: The May index, at 70.2, is up 4.6 percent from April and 2.2 percent from May 2015. Oilseed,

feed grain, and food grain indexes are all higher.

Feed grain: The May index, at 61.6, is up 2.7 percent from last month and is 0.8 percent higher than a year ago.

The corn price, at $3.68 per bushel, is up 10 cents from last month and 4 cents from May 2015. At $5.56 per cwt,

sorghum grain is 20 cents higher than April but is $2.01 lower than May a year earlier.

Food grain: At 79.4, the index for May is 9.7 percent higher than the previous month and is up 0.9 percent from a

year earlier. The May price for all wheat, at $4.45 per bushel, is down 1 cent from April and is 88 cents less than

May 2015.

Oilseed: At 77.8, the index for May is up 7.3 percent from April and is 1.0 percent higher than May 2015. The

soybean price, at $9.76 per bushel, increased 72 cents from April and 18 cents from May a year earlier.

Fruit and tree nut: The May index, at 122.0, is unchanged from April but is 11 percent lower than a year earlier.

Price increases during May for lemons, oranges, and grapefruit offset price decreases for strawberries and apples.

Vegetable and melon: At 112.8, the index for May is up 11 percent from the previous month and May 2015. Price

increases during May for lettuce more than offset price declines for tomatoes and sweet corn.

Other crop: The May index, at 77.4, increased 1.6 percent from the previous month but is down 15 percent from

May 2015. The all hay price, at $140.00 per ton, is down $6.00 from April and $35.00 lower than May 2015. At

57.6 cents per pound, the price for upland cotton is up 1.8 cents from April but is down 8.3 cents from May 2015.

Livestock production: The index for May, at 97.9, increased 0.1 percent from the previous month but is down 20 percent

from May a year earlier. Compared with a year ago, prices are lower for cattle, market eggs, broilers, milk, calves, and

hogs and higher for turkeys.

Meat animal: At 106.2, the May index is up 0.3 percent from the previous month but is 18 percent lower than a year

earlier. At $57.20 per cwt, the May hog price is up $6.20 from April but is down $1.70 from a year earlier. The May

beef cattle price of $128.00 per cwt decreased $3.00 from the previous month and $32.00 from May 2015.

Dairy: The index for May, at 72.1, declined 3.4 percent from the previous month and is 14 percent lower than May a

year earlier. The May all milk price of $14.50 per cwt is down 50 cents from April and $2.30 from May 2015.

Poultry and egg: At 108.9, the May index is up 3.2 percent from April but is down 26 percent from May 2015. The

May market egg price, at 24.1 cents per dozen, decreased 14.9 cents from April and $1.37 from May 2015. The May

broiler price, at 56.0 cents per pound, is up 4.0 cents from April but is down 9.0 cents from a year earlier. At

82.9 cents per pound, the May turkey price is down 0.3 cents from the previous month but is 7.0 cents higher than

May 2015.

Page 5: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

Agricultural Prices (June 2016) 5 USDA, National Agricultural Statistics Service

Prices Received Indexes, 2011 Base – United States: May 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov]

Index Group

2011 Base

May 2015

April 2016

May 2016

(percent) (percent) (percent)

Agricultural production ......................................................................... Crop production ............................................................................... Grain and oilseed ......................................................................... Feed grain ............................................................................... Food grain ............................................................................... Oilseed .................................................................................... Fruit and tree nut ......................................................................... Vegetable and melon ................................................................... Other crop .................................................................................... Livestock production ........................................................................ Meat animal ................................................................................. Cattle ....................................................................................... Hog .......................................................................................... Dairy ............................................................................................ Poultry and egg ............................................................................ Food commodity ..................................................................................

107.2 90.3 68.7 61.1 78.7 77.0

136.3 101.4 90.5

122.0 130.2 143.2 88.6 83.6

146.5

115.7

93.0 86.4 67.1 60.0 72.4 72.5

122.0 101.9 76.2

97.8

105.9 115.3 76.7 74.6

105.5

96.7

94.9 90.7 70.2 61.6 79.4 77.8

122.0 112.8 77.4

97.9

106.2 112.1 86.0 72.1

108.9

99.0

Prices Received Indexes, 1910-1914 Base – United States: May 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov]

Index Group

1910 - 1914 Base

May 2015

April 2016

May 2016

(percent) (percent) (percent)

Agricultural production ......................................................................... Crop production ............................................................................... Livestock production ........................................................................

1106 787

1416

959 754

1135

979 791

1137

Prices Received Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Blank data cells indicate estimation period has not yet begun]

Month

2011 Base

Agricultural production

Crop production

Livestock production

Food commodities

2015 2016 2015 2016 2015 2016 2015 2016

(percent) (percent) (percent) (percent) (percent) (percent) (percent) (percent)

January ............................. February ............................ March ................................ April ................................... May ................................... June .................................. July .................................... August ............................... September ......................... October ............................. November .......................... December ..........................

97.1 99.0

102.1 103.4 107.2 104.7 99.2

102.1 97.5 88.9 91.9 89.9

89.2 92.4 92.8 93.0 94.9

82.3 84.0 85.5 88.6 90.3 88.2 85.9 87.8 87.1 79.7 82.1 84.0

80.7 84.2 83.0 86.4 90.7

120.4 113.9 117.3 116.4 122.0 121.1 115.3 117.1 109.3 104.2 105.3 97.2

99.9 99.2

100.2 97.8 97.9

108.5 106.8 110.2 110.6 115.7 112.9 105.6 109.6 103.5 94.5

101.3 96.7

95.8 97.3 97.3 96.7 99.0

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6 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Paid Indexes, 2011 Base by Month for Selected Groups – United States: 2015 and 2016 [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Blank data cells indicate estimation period has not yet begun]

Month

2011 Base

All items (PPITW)

Production Crop

sector Livestock

sector

2015 2016 2015 2016 2015 2016 2015 2016

(percent) (percent) (percent) (percent) (percent) (percent) (percent) (percent)

January ............................. February ........................... March ................................ April .................................. May ................................... June .................................. July ................................... August .............................. September ........................ October ............................. November ......................... December .........................

111.5 111.0 111.4 111.3 111.1 111.2 110.8 110.1 108.8 108.8 107.7 106.2

107.3 106.9 107.1 106.6 107.1

112.7 112.0 112.5 112.4 112.1 112.2 111.5 110.6 108.9 108.6 107.1 105.2

106.4 105.8 106.0 105.3 105.8

107.9 108.3 108.4 108.3 108.3 108.4 108.0 107.5 107.1 107.1 106.6 106.2

107.1 106.6 106.5 106.6 106.8

115.3 114.0 114.7 114.5 114.1 114.3 113.9 113.0 110.6 110.7 108.9 106.2

107.7 107.3 107.8 106.7 107.5

70

80

90

100

110

120

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Percent

Received and Paid Indexes, Annual Average –United States: 2011=100

Paid Received

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Agricultural Prices (June 2016) 7 USDA, National Agricultural Statistics Service

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Crop Farm Received and Paid Indexes,All Items by Quarter –United States: 2011=100

Paid Received

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Livestock Farm Received and Paid Indexes,All Items by Quarter –United States: 2011=100

Paid Received

Page 8: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

8 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Agricultural, Crop, and Livestock Production –United States: 2011=100

Agricultural Production Crop Production Livestock Production

50

70

90

110

130

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Feed Grain, Food Grain, and Oilseed –United States: 2011=100

Feed Grain Food Grain Oilseed

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Agricultural Prices (June 2016) 9 USDA, National Agricultural Statistics Service

60

80

100

120

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Fruit & Tree Nut and Vegetable & Melon –United States: 2011=100

Fruit & Tree Nut Vegetable & Melon

50

70

90

110

130

150

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Received Indexes by Month,Dairy, Meat Animal, and Poultry & Egg –United States: 2011=100

Dairy Meat Animal Poultry & Egg

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10 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Field Crops and Fruits – United States: May 2016 with Comparisons

Commodity 2011

Base Price May 2015 April 2016 May 2016

Field crops Austrian winter peas ............................................ dollars/cwt Barley, all ....................................................... dollars/bushel Feed ............................................................ dollars/bushel Malting ......................................................... dollars/bushel Beans, dry edible ................................................ dollars/cwt Canola ................................................................ dollars/cwt Chickpeas, all ..................................................... dollars/cwt Large ................................................................ dollars/cwt Small ................................................................. dollars/cwt Corn ............................................................... dollars/bushel Cotton, Upland ................................................ dollars/pound Cottonseed ..........................................................dollars/ton Flaxseed ........................................................ dollars/bushel Hay, all, baled ......................................................dollars/ton Alfalfa .................................................................dollars/ton Other ..................................................................dollars/ton Lentils ................................................................. dollars/cwt Oats ............................................................... dollars/bushel Peanuts, in-shell ............................................. dollars/pound Peas, dry edible .................................................. dollars/cwt Potatoes ............................................................. dollars/cwt Rice, all ............................................................... dollars/cwt Long .................................................................. dollars/cwt Medium and short ............................................. dollars/cwt Sorghum grain .................................................... dollars/cwt Soybeans ....................................................... dollars/bushel Sunflowers, all ..................................................... dollars/cwt Wheat, all ....................................................... dollars/bushel Winter .......................................................... dollars/bushel Durum .......................................................... dollars/bushel Other spring ................................................. dollars/bushel Hard red winter ............................................ dollars/bushel Soft red winter .............................................. dollars/bushel Hard red spring ............................................ dollars/bushel White ........................................................... dollars/bushel Fruits Citrus, equivalent on-tree Grapefruit .......................................................... dollars/box Lemons ............................................................. dollars/box Oranges ............................................................ dollars/box Tangelos ........................................................... dollars/box Tangerines and mandarins ................................ dollars/box Non-citrus, fresh Apples 1 ........................................................ dollars/pound Grapes 1 .............................................................dollars/ton Peaches 1 ...........................................................dollars/ton Pears 1 ...............................................................dollars/ton Strawberries ...................................................... dollars/cwt

19.50 4.79 4.59 4.83

34.60 23.10 35.70 39.20 23.40 6.02

0.880

131.00 14.20

159.00 176.00 119.00 27.50 3.42

0.252 13.60

9.78

13.70 12.30 18.40 10.70 12.50 29.00

7.44 6.93 9.22 8.33 7.07 6.77 8.38 6.58

7.47 12.30 8.16 3.50

15.30

0.325 628.00 507.00 559.00 104.00

(S) 4.75 2.90 5.62

35.90 16.70 26.90 27.50

(D) 3.64

0.659 (NA)

12.10 175.00 192.00 134.00 29.90 2.90

0.225 13.70

9.26

12.50 10.90 17.50 7.57 9.58

26.40

5.33 5.19 8.02 5.29 5.08 5.04 5.28 5.77

5.47 31.76 10.74

(S) (S)

0.243 2,330.00 1,480.00

619.00 72.60

(S) 5.29 2.82 5.71

26.80 16.10 28.40 32.50 25.20 3.58

0.558 (NA) 8.09

146.00 153.00 130.00 36.20 1.97

0.196 17.20

9.94

11.30 10.70 13.80 5.36 9.04

20.90

4.46 4.31 6.24 4.55 4.13 4.38 4.56 4.62

10.48 24.33 9.19

(S) (D)

0.435 (S) (S)

793.00 84.30

(D) 5.59 3.67 6.03

32.80 (D)

29.00 30.70 27.30 3.68

0.576 (NA) 7.93

140.00 147.00 122.00 42.70 2.26

0.193 16.70

9.80

11.50 10.70 14.50 5.56 9.76

19.50

4.45 4.28 6.57 4.64 4.08 4.52 4.62 4.88

14.98 30.48 9.67

(S) (D)

0.397 2,580.00 1,350.00

911.00 68.60

(D) Withheld to avoid disclosing data for individual operations. (NA) Not available. (S) Insufficient number of reports to establish an estimate. 1 Equivalent packinghouse-door returns for California, Michigan, New York (apples only), Pennsylvania (apples only), and Washington (apples,

peaches, and pears). Prices as sold for other states.

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Agricultural Prices (June 2016) 11 USDA, National Agricultural Statistics Service

Prices Received for Vegetables and Livestock – United States: May 2016 with Comparisons [Price data source for livestock and poultry commodities is United States Department of Agriculture's Agricultural Marketing Service]

Commodity 2011

Base Price May 2015 April 2016 May 2016

Vegetables, fresh 1 Asparagus .......................................................... dollars/cwt Beans, snap ........................................................ dollars/cwt Broccoli ............................................................... dollars/cwt Cantaloupes ....................................................... dollars/cwt Carrots ................................................................ dollars/cwt Cauliflower .......................................................... dollars/cwt Celery ................................................................. dollars/cwt Corn, sweet ........................................................ dollars/cwt Cucumbers ......................................................... dollars/cwt Lettuce ................................................................ dollars/cwt Onions 2 .............................................................. dollars/cwt Tomatoes ........................................................... dollars/cwt Livestock Calves ................................................................ dollars/cwt Cattle, all beef ..................................................... dollars/cwt Cows 3 .............................................................. dollars/cwt Steers and heifers ............................................. dollars/cwt Milk cows 4 ........................................................ dollars/head Hogs, all ............................................................. dollars/cwt Barrows and gilts .............................................. dollars/cwt Sows ................................................................ dollars/cwt Dairy and poultry Milk, all 5 ............................................................. dollars/cwt Fat test .................................................................. percent Broilers, live 6 .................................................. dollars/pound Eggs, all 7 ....................................................... dollars/dozen Market 7 8 ...................................................... dollars/dozen Turkeys, live 9 ................................................. dollars/pound

37.50 69.00 41.60 16.50 30.80 47.00 22.50 30.70 18.70 24.30 11.90 51.20

142.00 115.00 71.60

117.00 1,420.00

66.50 66.80 57.90

20.10 3.71

0.459 0.969 0.796 0.680

133.00 85.30 54.50 17.30 31.40

108.00 26.80 26.80 23.40 25.10 19.30 24.00

288.00 160.00 114.00 161.00

(NA) 58.90 60.00 31.40

16.80 3.67

0.650 1.73 1.61

0.759

125.00 42.80 39.30

(D) 38.60 53.70 20.00 34.30 26.20 20.80 21.10 38.60

183.00 131.00 81.50

133.00 1,820.00

51.00 51.40 41.30

15.00 3.76

0.520 0.677 0.390 0.832

122.00 46.40 48.10 23.80 39.30 82.00 26.20 26.20 36.10 32.50 25.80 30.40

173.00 128.00 79.60

129.00 (NA)

57.20 57.50 49.00

14.50 3.72

0.560 0.549 0.241 0.829

Adjusted for seasonal variation Eggs, all .......................................................... dollars/dozen Seasonal factor ...................................................... percent Milk, all ............................................................... dollars/cwt Seasonal factor ...................................................... percent

0.979

101 20.20

100

1.89

91 17.30

97

0.75

91 15.30

98

0.60

92 14.90

97

(D) Withheld to avoid disclosing data for individual operations. (NA) Not available. 1 Point of first sale. 2 Includes some processing. 3 Beef cows and cull dairy cows sold for slaughter. 4 Animals sold for dairy herd replacement only. Prices available for January, April, July, and October. 5 Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 6 Live weight equivalent price. 7 Mid-month price. 8 Also referred to as table eggs. 9 Live weight equivalent price is used when actual live weight price is not available. Beginning January 2011, price reflects FOB shipping point

basis. Prior year price reflects delivered basis.

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12 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

3

4

5

6

7

8

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per bushel

Prices Received for Corn by Month – United States

4

5

6

7

8

9

10

11

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per bushel

Prices Received for Wheat by Month – United States

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Agricultural Prices (June 2016) 13 USDA, National Agricultural Statistics Service

0.4

0.5

0.6

0.7

0.8

0.9

1.0

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per pound

Prices Received for Upland Cotton by Month –United States

5

7

9

11

13

15

17

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per bushel

Prices Received for Soybeans by Month –United States

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14 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

0

50

100

150

200

250

300

350

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per cwt

Prices Received for Cattle by Month – United States

All Beef Cattle Calves Cows Steers & Heifers

10

12

14

16

18

20

22

24

26

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per cwt

Prices Received for Milk by Month – United States

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Agricultural Prices (June 2016) 15 USDA, National Agricultural Statistics Service

30

40

50

60

70

80

90

100

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per cwt

Prices Received for Hogs by Month – United States

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Dollars per pound

Prices Received for Poultry by Month –United States

Broilers Turkeys

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16 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for All Wheat, Corn, and Soybeans by Month – United States: 2016 with Comparisons [Blank data cells indicate estimation period has not yet begun]

Month All wheat Corn Soybeans

2014 2015 2016 2014 2015 2016 2014 2015 2016

(dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel) (dollars per

bushel)

January ........ February ...... March ........... April ............. May .............. June ............. July .............. August ......... September ... October ........ November .... December ....

6.65 6.50 6.74 6.82 7.08 6.49 6.15 5.97 5.71 5.71 6.04 6.14

6.15 5.89 5.70 5.56 5.33 5.42 5.23 4.84 4.72 4.86 4.86 4.75

4.82 4.61 4.40 4.46 4.45

4.42 4.35 4.52 4.71 4.71 4.50 4.06 3.63 3.49 3.57 3.60 3.79

3.82 3.79 3.81 3.75 3.64 3.59 3.80 3.68 3.68 3.67 3.60 3.65

3.66 3.57 3.57 3.58 3.68

12.90 13.20 13.70 14.30 14.40 14.30 13.10 12.40 10.90 9.97

10.20 10.30

10.30 9.91 9.85 9.69 9.58 9.58 9.95 9.71 9.05 8.81 8.68 8.76

8.71 8.51 8.56 9.04 9.76

Prices Received for Beef Cattle and All Hogs by Month – United States: 2016 with Comparisons [Blank data cells indicate estimation period has not yet begun]

Month Beef cattle 1 All hogs 2

2014 2015 2016 2014 2015 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt) (dollars per cwt) (dollars per cwt) (dollars per cwt)

January ............. February ........... March ................ April .................. May ................... June .................. July ................... August .............. September ........ October ............. November ......... December .........

138.00 144.00 148.00 148.00 146.00 147.00 156.00 158.00 157.00 161.00 167.00 164.00

164.00 159.00 160.00 162.00 160.00 155.00 149.00 148.00 139.00 128.00 129.00 122.00

130.00 132.00 135.00 131.00 128.00

61.20 65.50 81.90 88.80 82.80 84.80 93.30 83.20 75.70 77.00 66.70 64.30

57.40 50.40 50.30 49.00 58.90 59.90 58.70 59.00 54.50 55.50 45.90 42.80

43.60 49.60 50.00 51.00 57.20

1 Cows and steers & heifers. 2 Barrows & gilts and sows.

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Agricultural Prices (June 2016) 17 USDA, National Agricultural Statistics Service

Prices Received for All Wheat – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arizona ............................................ Arkansas ......................................... California ......................................... Colorado .......................................... Idaho ............................................... Illinois .............................................. Indiana ............................................ Kansas ............................................ Michigan .......................................... Minnesota ........................................ Missouri ........................................... Montana .......................................... Nebraska ......................................... North Carolina ................................. North Dakota ................................... Ohio ................................................. Oklahoma ........................................ Oregon ............................................ South Dakota ................................... Texas .............................................. Washington ..................................... United States ...................................

(D) (D) (D)

4.85 6.02 4.10 4.72 4.96 5.89 5.48

4.72 5.67 4.91 5.50 5.16 4.90 5.20 6.25 5.16 4.82 5.62

5.33

(D) (D) (D)

3.93 4.38 4.24 4.20 4.02 5.27 4.34

4.12 4.62 3.96 5.04 4.52 3.99 4.09 4.91 4.29 3.99 4.85

4.46

(D) (S)

5.16 3.71 4.56 3.82 4.41 3.96 5.53 4.60

4.01 4.62 4.46 5.22 4.65 3.78 3.88 5.21 4.27 3.87 4.86

4.45

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Winter Wheat – States and United States: May 2016 with Comparisons State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arkansas ......................................... California ......................................... Colorado .......................................... Idaho ............................................... Illinois .............................................. Indiana ............................................ Kansas ............................................ Michigan .......................................... Minnesota ........................................ Missouri ........................................... Montana .......................................... Nebraska ......................................... North Carolina ................................. North Dakota ................................... Ohio ................................................. Oklahoma ........................................ Oregon ............................................ South Dakota ................................... Texas .............................................. Washington ..................................... United States ...................................

(D) (D)

4.90 5.78 4.10 4.72 4.96 5.89 5.09 4.72

5.54 4.91 5.50 3.47 4.90 5.20 6.22 5.01 4.82 5.57

5.19

(D) (D)

3.93 4.22 4.24 4.20 4.02 5.27 (D)

4.12

4.32 3.96 5.04 3.68 3.99 4.09 4.89 3.78 3.99 4.77

4.31

(S) 4.85 3.71 4.50 3.82 4.41 3.96 5.53

(S) 4.01

4.34 (D)

5.22 3.40 3.78 3.88 5.20 3.78 3.87 4.80

4.28

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

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18 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Durum Wheat – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arizona ........................................... California ........................................ Idaho ............................................... Montana .......................................... North Dakota ................................... United States ..................................

(D) (D) (D)

8.22 7.40

8.02

(D) (S) (D) (D)

6.30

6.24

(D) (D) (D) (D)

6.51

6.57

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Spring Wheat – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Colorado ......................................... Idaho ............................................... Minnesota ....................................... Montana .......................................... North Dakota ................................... Oregon ............................................ South Dakota .................................. Washington ..................................... United States ..................................

(D) 6.53 5.49 5.56 4.98 6.49 5.23 5.92

5.29

(D) 4.65 4.34 4.70 4.45 5.05 4.54 5.24

4.55

(D) 4.70 4.60 4.72 4.50 5.30 4.59 5.12

4.64

(D) Withheld to avoid disclosing data for individual operations.

Prices Received for Oats – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Illinois .............................................. Iowa ................................................ Michigan ......................................... Minnesota ....................................... Montana .......................................... Nebraska ........................................ New York ........................................ North Dakota ................................... Oregon ............................................ Pennsylvania .................................. South Dakota .................................. Texas .............................................. Wisconsin ....................................... United States ..................................

(D) 2.98 (D)

2.61 (D) (D) (D) (D) (S) (D)

2.50 (D)

2.93

2.90

(D) 2.54 1.94 1.79 (D)

1.94 (D)

1.91 (D) (D)

1.81 (S)

1.65

1.97

(D) 2.53 2.29 1.98

(S) (D) (D)

1.79 (S) (D)

1.93 (D)

1.64

2.26

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

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Agricultural Prices (June 2016) 19 USDA, National Agricultural Statistics Service

Prices Received for All Barley – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

California ......................................... Colorado .......................................... Idaho ............................................... Minnesota ........................................ Montana .......................................... North Dakota ................................... Oregon ............................................ Utah ................................................. Washington ..................................... Wyoming ......................................... United States ...................................

(D) (S)

4.79 4.97 4.45 5.16 (D) (D)

4.59 (D)

4.75

(S) (S)

6.15 5.26 5.22 4.87 (D) (D)

3.03 (S)

5.29

4.89 6.24 (D)

4.26 (D)

5.00 (S) (S)

2.68 (D)

5.59

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Malting Barley – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Idaho ............................................... Minnesota ........................................ Montana .......................................... North Dakota ................................... Wyoming ......................................... United States ...................................

6.05 5.05 5.72 5.41 (D)

5.62

6.45 5.48 5.61 5.23

(S)

5.71

(D) 4.40 (D)

5.42 (D)

6.03

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Feed Barley – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Idaho ............................................... Minnesota ........................................ Montana .......................................... North Dakota ................................... Wyoming ......................................... United States ...................................

2.76 (D)

2.51 3.55 (D)

2.90

3.31 (D) (D)

2.29 (S)

2.82

3.27 (D) (D)

2.97 (S)

3.67

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Sorghum Grain – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

Arkansas ......................................... Illinois .............................................. Kansas ............................................ Louisiana ......................................... Missouri ........................................... Nebraska ......................................... Oklahoma ........................................ Texas .............................................. United States ...................................

7.65 (D)

7.52 (D)

7.00 8.69 7.42 7.26

7.57

6.68 (D)

5.35 (D)

6.12 5.40 5.37 5.16

5.36

(D) 6.22 5.55

(S) 6.24 5.53 5.72 5.40

5.56

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

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20 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Corn – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Colorado ......................................... Illinois .............................................. Indiana ............................................ Iowa ................................................ Kansas ............................................ Kentucky ......................................... Michigan ......................................... Minnesota ....................................... Missouri .......................................... Nebraska ........................................ North Carolina ................................. North Dakota ................................... Ohio ................................................ Pennsylvania .................................. South Dakota .................................. Tennessee ...................................... Texas .............................................. Wisconsin ....................................... United States ..................................

3.64 3.62 3.74 3.61 3.81 3.86 3.58 3.56 3.64 3.76

4.10 3.47 3.71 3.70 3.33 3.96 4.07 3.48

3.64

3.60 3.70 3.98 3.52 3.54 3.90 3.71 3.37 3.73 3.49

4.43 3.29 3.91 4.07 3.26 3.81 3.89 3.50

3.58

3.64 3.83 4.09 3.60 3.86 4.01 3.75 3.49 3.79 3.55

4.59 3.42 4.02 4.17 3.36 4.10 4.06 3.57

3.68

Prices Received for Soybeans – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

Arkansas ......................................... Illinois .............................................. Indiana ............................................ Iowa ................................................ Kansas ............................................ Kentucky ......................................... Louisiana ........................................ Michigan ......................................... Minnesota ....................................... Mississippi ...................................... Missouri .......................................... Nebraska ........................................ North Carolina ................................. North Dakota ................................... Ohio ................................................ South Dakota .................................. Tennessee ...................................... Wisconsin ....................................... United States ..................................

9.88 9.69 9.91 9.50 9.35

10.10 10.20 9.61 9.51 9.95

9.67 9.34 9.77 8.78 9.71 9.13 9.88 9.40

9.58

(D) 9.28 9.28 8.93 8.94 9.40 (D)

9.12 9.00 9.66

9.27 8.74 9.36 8.50 9.51 8.64 9.45 8.99

9.04

10.20 10.10 10.10 9.61 9.66

10.20 (D)

9.72 9.69

10.70

9.94 9.54

10.10 9.30 9.99 9.30 9.96 9.69

9.76

(D) Withheld to avoid disclosing data for individual operations.

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Agricultural Prices (June 2016) 21 USDA, National Agricultural Statistics Service

Prices Received for Dry Beans – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

California ......................................... Colorado .......................................... Idaho ............................................... Michigan .......................................... Minnesota ........................................ Nebraska ......................................... North Dakota ................................... United States ...................................

(D) (D)

39.20 38.90

(D) 25.40 25.40

35.90

(D) 29.00 32.00 25.20 25.40

(D) 23.60

26.80

75.00 25.60 25.40 27.00 26.00

(D) 25.90

32.80

(D) Withheld to avoid disclosing data for individual operations.

Prices Received for Peanuts (in shell) – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per pound) (dollars per pound) (dollars per pound)

Alabama .......................................... Florida ............................................. Georgia ........................................... Mississippi ....................................... New Mexico ..................................... North Carolina ................................. Oklahoma ........................................ South Carolina ................................. Texas .............................................. Virginia ............................................ United States ...................................

0.206 0.212 0.208 0.214 0.301 0.247 0.237 0.251 0.274 0.273

0.225

0.185 0.187 0.196 0.189

(S) (D)

0.198 0.196 0.225

(S)

0.196

0.180 0.186 0.193 0.187

(S) 0.200 0.209 0.149 0.239 0.213

0.193

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Sunflower – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

Colorado .......................................... Kansas ............................................ Minnesota ........................................ North Dakota ................................... South Dakota ................................... United States ...................................

(D) (D)

27.10 28.30 24.40

26.40

(S) 20.70

(D) 21.30 19.50

20.90

(S) (D)

18.60 19.70 19.40

19.50

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Prices Received for Canola – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

Minnesota ........................................ North Dakota ................................... United States ...................................

(S) 16.70

16.70

(S) 16.10

16.10

(S) (D)

(D)

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

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22 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Flaxseed – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

North Dakota ................................... United States ..................................

12.10

12.10

8.09

8.09

7.93

7.93

Prices Received for Upland Cotton and Cottonseed – States and United States: May 2016 with Comparisons [Cottonseed marketing year August - February]

State

Cotton, Upland Cottonseed

May 2015

April 2016

May 2016

May 2015

April 2016

May 2016

(dollars per pound) (dollars per pound) (dollars per pound) (dollars per ton) (dollars per ton) (dollars per ton)

Alabama ............................ Arizona .............................. Arkansas ............................ California ........................... Georgia .............................. Louisiana ........................... Mississippi ......................... North Carolina .................... Tennessee ......................... Texas ................................. United States .....................

(D) (D) (D) (D) (D) (D) (D) (D)

0.667 0.567

0.659

0.561 (D) (D) (D)

0.604 (D) (D)

0.555 0.596 0.549

0.558

0.593 (D) (D) (D)

0.592 (D) (D) (D) (D)

0.569

0.576

(NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

(NA)

(NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

(NA)

(NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA)

(NA)

(D) Withheld to avoid disclosing data for individual operations. (NA) Not available.

Prices Received and Farm Marketings for Upland Cotton and Rice – United States: May 2016 with Comparisons

Item May 2015 April 2016 May 2016

Cotton, Upland Average price ..................................... dollars/pound Marketings 1 .......................................... 1,000 bales Rice, all Average price .......................................... dollars/cwt Marketings 2 ..............................................1,000 cwt Rice, long Average price .......................................... dollars/cwt Marketings 2 ..............................................1,000 cwt Rice, medium and short California Average price .......................................... dollars/cwt Other States 3 Average price .......................................... dollars/cwt United States Average price .......................................... dollars/cwt Marketings 2 ..............................................1,000 cwt

0.659 258

12.50 13,145

10.90 9,945

21.40

13.80

17.50 3,200

0.558 783

11.30 13,803

10.70 11,007

17.80

10.40

13.80 2,796

0.576 363

11.50 13,745

10.70 10,663

17.90

10.40

14.50 3,082

1 Marketings based on a survey of cotton buyers in the major producing States - Alabama, Arizona, Arkansas, California, Georgia, Louisiana, Mississippi, North Carolina, Tennessee, and Texas.

2 Purchases by private firms and rice (rough equivalent) shipped by cooperatives. 3 Other States include Arkansas, Louisiana, Mississippi, Missouri, and Texas.

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Agricultural Prices (June 2016) 23 USDA, National Agricultural Statistics Service

Prices Received for Hay by Type – States and United States: May 2016 with Comparisons

State

All hay Alfalfa hay Other hay

May 2015

April 2016

May 2016

May 2015

April 2016

May 2016

May 2015

April 2016

May 2016

(dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton) (dollars per

ton)

Arizona ............ California ......... Colorado .......... Idaho ............... Illinois .............. Iowa ................. Kansas ............ Kentucky .......... Michigan .......... Minnesota ........ Missouri ........... Montana .......... Nebraska ......... Nevada ............ New Mexico ..... New York ......... North Dakota ... Ohio ................. Oklahoma ........ Oregon ............ Pennsylvania ... South Dakota ... Texas .............. Utah ................. Washington ..... Wisconsin ........ Wyoming ......... United States ...

200.00 199.00 191.00 164.00 129.00 120.00 114.00 150.00 154.00 139.00

106.00 123.00 100.00 200.00 216.00 205.00 81.00

137.00 151.00 195.00

232.00 112.00 122.00 175.00 195.00 128.00 123.00

175.00

180.00 156.00 177.00 140.00 155.00 98.00 90.00

147.00 123.00 85.00

92.00

123.00 84.00

126.00 164.00 174.00 75.00

148.00 120.00 177.00

190.00 96.00

102.00 145.00 147.00 89.00

113.00

146.00

155.00 153.00 160.00 135.00 145.00 92.00 83.00

159.00 112.00 85.00

96.00

127.00 88.00

159.00 164.00 176.00 69.00

133.00 122.00 170.00

190.00 89.00

125.00 120.00 150.00 82.00

111.00

140.00

200.00 215.00 190.00 165.00 155.00 128.00 117.00 210.00 165.00 148.00

165.00 125.00 102.00 200.00 225.00 250.00 82.00

175.00 195.00 205.00

238.00 120.00 224.00 175.00 200.00 136.00 125.00

192.00

180.00 165.00 180.00 140.00 170.00 104.00 105.00 225.00 125.00 99.00

160.00 125.00 88.00

125.00 165.00 206.00 76.00

185.00 142.00 175.00

189.00 100.00 192.00 145.00 140.00 96.00

115.00

153.00

155.00 160.00 160.00 135.00 165.00 96.00 92.00

225.00 120.00 93.00

160.00 130.00 90.00

160.00 165.00 206.00 70.00

190.00 147.00 160.00

198.00 91.00

187.00 120.00 145.00 90.00

115.00

147.00

200.00 140.00 195.00 150.00 100.00 97.00

100.00 110.00 140.00 97.00

80.00

115.00 93.00

190.00 170.00 200.00 56.00

115.00 85.00

175.00

231.00 90.00 70.00

140.00 185.00 86.00

115.00

134.00

160.00 115.00 160.00 140.00 100.00 83.00 74.00

110.00 115.00 56.00

75.00

115.00 79.00

140.00 155.00 173.00 58.00

115.00 91.00

180.00

190.00 81.00 87.00

115.00 160.00 67.00

100.00

130.00

160.00 125.00 160.00 140.00 95.00 85.00 67.00

115.00 100.00 59.00

75.00

115.00 77.00

130.00 155.00 173.00 57.00

100.00 84.00

190.00

189.00 82.00 93.00

100.00 160.00 55.00

100.00

122.00

Prices Received for Apples – States and United States: May 2016 with Comparisons [Equivalent packinghouse-door returns for California, Michigan, New York, Pennsylvania, and Washington. Prices at point of first sale for other States]

State Apples, fresh use

May 2015 April 2016 May 2016

(dollars per pound) (dollars per pound) (dollars per pound)

California ......................................... Michigan .......................................... New York ......................................... Pennsylvania ................................... Virginia ............................................ Washington ..................................... United States ...................................

(S) 0.320 0.260

(S) (S)

0.238

0.243

(S) 0.380 0.249 0.334 0.240 0.482

0.435

(S) 0.390 0.243 0.340

(S) 0.408

0.397

(S) Insufficient number of reports to establish an estimate.

Page 24: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

24 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Citrus Fruits by Utilization – States and United States: May 2015 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in California-80, Florida-95]

Commodity, State,

and type

FOB packed fresh

Equivalent returns

Packinghouse door On-tree

All Fresh Process All Fresh Process

(dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box)

Grapefruit California ........................................... Florida, all ......................................... White ............................................. Red ............................................... Texas ................................................ United States .................................... Lemons Arizona ............................................. California ........................................... United States .................................... Oranges California, all ..................................... Navel and miscellaneous .............. Valencia ........................................ Florida, all ......................................... Early and mids .............................. Valencia ........................................ United States .................................... Tangelos Florida ............................................... United States .................................... Tangerines and mandarins Arizona ............................................. California ........................................... Florida ............................................... United States ....................................

(D) (S) (S) (S)

22.40

(D)

(S) 53.40

53.40

28.90 29.70 26.70 26.70

(S) 26.70

28.60

(S)

(S)

(D) (D) (S)

(S)

8.79

(S) (S) (S)

4.52

7.41

(S) 37.71

37.71

13.75 13.50 14.46 13.46

(S) 13.46

13.51

(S)

(S)

(D) (D) (S)

(S)

(D) (S) (S) (S)

10.80

(D)

(S) 43.95

43.95

19.51 20.35 17.35 15.55

(S) 15.55

18.95

(S)

(S)

(D) (D) (S)

(S)

(D) (S) (S) (S) (D)

(D)

(S) (D)

(D)

(D) (D) (D)

13.40 (S)

13.40

12.56

(S)

(S)

(D) (D) (S)

(D)

6.80

(S) (S) (S)

3.01

5.47

(S) 31.76

31.76

11.09 10.84 11.81 10.66

(S) 10.66

10.74

(S)

(S)

(D) (D) (S)

(S)

(D) (S) (S) (S)

9.19

(D)

(S) 37.81

37.81

16.90 17.74 14.74 12.80

(S) 12.80

16.32

(S)

(S)

(D) (D) (S)

(S)

(D) (S) (S) (S) (D)

(D)

(S) (D)

(D)

(D) (D) (D)

10.60 (S)

10.60

9.76

(S)

(S)

(D) (D) (S)

(D)

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 25: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

Agricultural Prices (June 2016) 25 USDA, National Agricultural Statistics Service

Prices Received for Citrus Fruits by Utilization – States and United States: April 2016 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in California-80, Florida-95]

Commodity, State,

and type

FOB packed fresh

Equivalent returns

Packinghouse door On-tree

All Fresh Process All Fresh Process

(dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box)

Grapefruit California .......................................... Florida, all ......................................... White ............................................ Red ............................................... Texas ................................................ United States .................................... Lemons Arizona ............................................. California .......................................... United States .................................... Oranges California, all ..................................... Navel and miscellaneous .............. Valencia ........................................ Florida, all ......................................... Early and mids .............................. Valencia ........................................ Texas, all .......................................... Early and mids .............................. Valencia ........................................ United States .................................... Tangelos Florida .............................................. United States .................................... Tangerines and mandarins California .......................................... Florida .............................................. United States ....................................

(D)

29.00 (S)

29.00 31.70

29.30

(S) 48.30

48.30

25.10 24.60

(D) 28.70

(S) 28.70 34.90

(S) 35.70

25.60

(S)

(S)

(D) 41.20

(D)

16.11 14.03 8.15

15.00 8.82

12.66

(S) 30.29

30.29

11.97 11.65

(D) 11.89

(S) 11.89 18.24

(S) 17.77

11.95

(S)

(S)

(D) 20.83

(D)

(D)

18.20 (S)

18.20 20.10

20.04

(S) 38.66

38.66

15.52 15.06

(D) 17.55

(S) 17.55 23.33

(S) 24.10

15.86

(S)

(S)

(D) 27.80

(D)

(D)

9.91 8.15

10.60 (D)

3.80

(S) (D)

(D)

(D) (D) (D)

11.70 (S)

11.70 (D) (S) (D)

10.71

(S)

(S)

(D) 8.45

-0.04

13.50 11.42 5.55

12.39 7.30

10.48

(S) 24.33

24.33

9.26 8.95 (D)

9.09 (S)

9.09 16.45

(S) 15.98

9.19

(S)

(S)

(D) 17.24

(D)

(D)

15.95 (S)

15.95 18.49

17.94

(S) 32.40

32.40

12.86 12.40

(D) 14.80

(S) 14.80 21.50

(S) 22.27

13.21

(S)

(S)

(D) 24.55

(D)

(D)

6.95 5.55 7.50 (D)

1.52

(S) (D)

(D)

(D) (D) (D)

8.90 (S)

8.90 (D) (S) (D)

7.91

(S)

(S)

(D) 4.25

-4.54

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 26: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

26 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Citrus Fruits by Utilization – States and United States: May 2016 [Net pounds per box: grapefruit in California-80, Florida-85, Texas-80; lemons-80; oranges in California-80, Florida-90, Texas-85; tangelos-90; tangerines and mandarins in California-80, Florida-95]

Commodity, State,

and type

FOB packed fresh

Equivalent returns

Packinghouse door On-tree

All Fresh Process All Fresh Process

(dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box) (dollars per

box)

Grapefruit California ........................................... Florida, all ......................................... White ............................................. Red ............................................... Texas ................................................ United States .................................... Lemons Arizona ............................................. California ........................................... United States .................................... Oranges California, all ..................................... Navel and miscellaneous .............. Valencia ........................................ Florida, all ......................................... Early and mids .............................. Valencia ........................................ Texas, all .......................................... Early and mids .............................. Valencia ........................................ United States .................................... Tangelos Florida ............................................... United States .................................... Tangerines and mandarins California ........................................... Florida ............................................... United States ....................................

(D) (S) (S) (S) (S)

(D)

(S) 53.20

53.20

26.50 26.10

(D) 31.10

(S) 31.10 35.70

(S) 35.70

26.90

(S)

(S)

(D) (S)

(D)

17.56

(S) (S) (S) (S)

17.57

(S) 36.51

36.51

12.85 12.03

(D) 12.15

(S) 12.15 24.10

(S) 24.10

12.44

(S)

(S)

(D) (S)

(D)

(D) (S) (S) (S) (S)

(D)

(S) 43.56

43.56

16.97 16.56

(D) 19.95

(S) 19.95 24.10

(S) 24.10

17.25

(S)

(S)

(D) (S)

(D)

(D) (S) (S) (S) (D)

(D)

(S) (D)

(D)

(D) (D) (D)

11.80 (S)

11.80 (D) (S) (S)

10.26

(S)

(S)

(D) (S)

(D)

14.97

(S) (S) (S) (S)

14.98

(S) 30.48

30.48

10.14 9.32 (D)

9.35 (S)

9.35 22.27

(S) 22.27

9.67

(S)

(S)

(D) (S)

(D)

(D) (S) (S) (S) (S)

(D)

(S) 37.30

37.30

14.31 13.90

(D) 17.20

(S) 17.20 22.27

(S) 22.27

14.59

(S)

(S)

(D) (S)

(D)

(D) (S) (S) (S) (D)

(D)

(S) (D)

(D)

(D) (D) (D)

9.00 (S)

9.00 (D) (S) (S)

7.45

(S)

(S)

(D) (S)

(D)

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate.

Page 27: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

Agricultural Prices (June 2016) 27 USDA, National Agricultural Statistics Service

Prices Received for Potatoes – States and United States: May 2016 with Comparisons

State May 2015 April 2016 May 2016

(dollars per cwt) (dollars per cwt) (dollars per cwt)

California, all 1 ..................................... Spring .............................................. Fall .................................................. Colorado, all 1 ...................................... Fresh 2 ............................................. Florida ................................................. Idaho, all 1 ............................................ Fresh 2 ............................................. Processing ....................................... Maine .................................................. Michigan .............................................. Minnesota ............................................ New York ............................................. North Carolina ..................................... North Dakota, all 1 ................................ Fresh 2 ............................................. Processing ....................................... Oregon ................................................ Texas .................................................. Virginia ................................................ Washington, all 1 .................................. Processing ....................................... Wisconsin, all 1 .................................... Fresh 2 ............................................. Processing ....................................... United States, all 1 ............................... Fresh 2 ............................................. Processing .......................................

13.70 15.10 9.20 7.50 8.35

15.00 7.60 5.55 8.15 (D)

(D)

6.95 14.30

(S) (D) (D) (D)

9.20 (D) (S)

8.35 8.20

10.90 10.70 9.65

9.26 9.65 8.76

13.40 16.20 9.90 8.35

10.10 18.80 8.95 5.35 7.50 (D)

(D)

10.40 (D) (S) (D) (D) (D)

12.70 (D) (S)

8.70 (D)

9.65 8.80 9.45

9.94 9.10 8.65

19.70 22.30 10.00 8.45

10.20 16.00 7.50 5.60 6.10 (D)

(D)

10.20 (D) (S) (D) (D) (D)

10.30 (D) (S)

8.50 (D)

11.40 10.90 9.50

9.80

10.76 8.40

(D) Withheld to avoid disclosing data for individual operations. (S) Insufficient number of reports to establish an estimate. 1 Average price of potatoes sold for all uses, including table stock, processing, seed, and livestock feed. 2 Fresh market prices only. Includes table stock prices.

Page 28: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

28 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for All Milk – States and United States: May 2016 with Comparisons [Before deduction for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies]

State May 2015 April 2016 May 2016

Price Fat test Price Fat test Price Fat test

(dollars per cwt) (percent) (dollars per cwt) (percent) (dollars per cwt) (percent)

Arizona ................................ California ............................. Colorado .............................. Florida .................................. Idaho .................................... Illinois ................................... Indiana ................................. Iowa ..................................... Kansas ................................. Michigan .............................. Minnesota ............................ New Mexico ......................... New York ............................. Ohio ..................................... Oregon ................................. Pennsylvania ....................... South Dakota ....................... Texas ................................... Utah ..................................... Vermont ............................... Virginia ................................. Washington .......................... Wisconsin ............................ United States .......................

15.50 15.12 17.40 20.50 16.60 17.30 16.50 16.90 16.40 16.00

17.80 16.00 17.60 17.20 18.50 17.80 18.40 17.10 16.70 18.00

17.90 16.70 17.80

16.80

3.40 3.63 3.58 3.52 3.72 3.67 3.60 3.72 3.63 3.60

3.82 3.47 3.70 3.66 3.78 3.63 3.95 3.79 3.63 3.78

3.56 3.78 3.71

3.67

13.90 13.63 15.70 18.50 14.70 15.20 15.10 15.30 14.80 14.00

15.60 14.40 16.10 16.00 16.60 16.20 16.20 15.80 14.90 16.40

16.40 15.10 15.60

15.00

3.50 3.71 3.65 3.52 3.82 3.78 3.70 3.84 3.68 3.66

3.91 3.55 3.83 3.79 3.86 3.79 4.05 3.91 3.76 3.83

3.66 3.86 3.79

3.76

13.80 12.92 15.20 18.30 14.20 14.60 14.70 14.60 14.20 13.50

14.80 14.00 15.80 15.60 15.90 15.90 15.30 14.90 14.40 16.00

16.40 15.00 14.70

14.50

3.50 3.68 3.62 3.52 3.75 3.71 3.63 3.78 3.62 3.58

3.85 3.51 3.78 3.71 3.89 3.74 3.98 3.88 3.73 3.78

3.64 3.89 3.76

3.72

Prices Received for Milk Cows – States and United States: April 2016 with Comparisons [Animals sold for dairy herd replacement only. Quarterly United States milk cow prices are based on revised milk cow inventory]

State April 2015 January 2016 April 2016

(dollars per head) (dollars per head) (dollars per head)

Arizona ........................................... California ........................................ Colorado ......................................... Florida ............................................. Idaho ............................................... Illinois .............................................. Indiana ............................................ Iowa ................................................ Kansas ............................................ Michigan ......................................... Minnesota ....................................... New Mexico .................................... New York ........................................ Ohio ................................................ Oregon ............................................ Pennsylvania .................................. South Dakota .................................. Texas .............................................. Utah ................................................ Vermont .......................................... Virginia ............................................ Washington ..................................... Wisconsin ....................................... United States ..................................

2,000.00 2,000.00 2,100.00 2,100.00 1,900.00 2,000.00 1,900.00 1,950.00 1,950.00 2,100.00

1,860.00 2,000.00 1,820.00 1,850.00 2,000.00 1,890.00 1,840.00 2,000.00 1,900.00 1,880.00

1,930.00 1,850.00 2,080.00

1,970.00

1,900.00 1,800.00 1,900.00 1,800.00 1,850.00 1,850.00 1,800.00 1,860.00 1,830.00 2,000.00

1,730.00 1,900.00 1,700.00 1,750.00 1,850.00 1,780.00 1,700.00 1,850.00 1,700.00 1,830.00

1,770.00 1,800.00 1,910.00

1,830.00

1,950.00 1,800.00 1,950.00 1,790.00 1,900.00 1,700.00 1,700.00 1,860.00 1,830.00 1,900.00

1,850.00 1,900.00 1,670.00 1,700.00 1,900.00 1,700.00 1,730.00 1,900.00 1,750.00 1,850.00

1,660.00 1,800.00 1,910.00

1,820.00

Page 29: Agricultural Prices 06/29/2016 - Cornell University · April 2016 index but 12 percent below the May 2015 index. Crop production: The May index, at 90.7, increased 5.0 percent from

Agricultural Prices (June 2016) 29 USDA, National Agricultural Statistics Service

Commodity Parity Prices and Price as Percent of Parity Price – United States: May 2016 with Comparisons [Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January Agricultural Prices for details on adjusted base price and parity price computations. Parity data not available for blank cells. Primary source of data for livestock and milk prices is United States Department of Agriculture's Agricultural Marketing Service]

Commodity and unit Adjusted

base price

Parity price Price as percent

of parity

May 2015

April 2016

May 2016

May 2015

April 2016

May 2016

(dollars) (dollars) (dollars) (dollars) (percent) (percent) (percent)

Basic commodities All wheat ....................................... bushel Rice ................................................... cwt Corn ............................................. bushel Cotton Upland ....................................... pound American Pima .......................... pound Peanuts ......................................... pound Small chickpeas 1 ............................... cwt Large chickpeas 1 .............................. cwt Lentils 1 .............................................. cwt Designated non-basic All milk, to plants 2 .............................. cwt Honey, extracted 3 ......................... pound Wool and mohair Wool .............................................. pound Mohair ........................................... pound Other non-basic Apples, fresh 4 ............................... pound Barley ........................................... bushel Canola ............................................... cwt Cottonseed ......................................... ton Dry edible beans ................................ cwt Flaxseed ....................................... bushel Oats .............................................. bushel Potatoes ............................................ cwt Sorghum grain ................................... cwt Soybeans ..................................... bushel Sunflower, all ..................................... cwt Citrus (equivalent on-tree) Grapefruit .......................................... box Lemons .............................................. box Oranges ............................................. box Tangerines ......................................... box Livestock and poultry Beef cattle ......................................... cwt Broilers .......................................... pound Calves ............................................... cwt Eggs 2 ............................................ dozen Hogs .................................................. cwt Turkeys, live .................................. pound

0.626 1.37

0.450

0.067 0.133 0.023 2.250 3.270 2.380

1.80 0.157

0.121 0.394

0.033 0.484 1.890 20.00 3.21

1.150 0.296 0.857 0.778 1.080 2.16

0.660 1.62

0.865 1.79

11.10 0.050 16.20 0.103 5.70

0.063

18.50 39.70 13.20

1.95 4.03

0.711 65.20 98.60 67.50

54.20 4.44

3.47 11.20

0.977 13.80 55.70

569.00 96.30 34.70 8.74

25.10 22.40 32.00 63.10

23.00 44.10 23.90 51.80

320.00 1.48

453.00 2.78

172.00 1.810

18.10 39.50 13.00

1.93 3.84

0.664 64.90 94.30 68.70

51.90 4.53

3.49 11.40

0.952 14.00 54.50

577.00 92.60 33.20 8.54

24.70 22.40 31.20 62.30

19.00 46.70 25.00 51.60

320.00 1.44

467.00 2.97

164.00 1.820

18.10 39.70 13.00

1.94 3.85

0.667 65.20 94.80 69.00

52.20 4.55

3.51 11.40

0.956 14.00 54.80

580.00 93.00 33.30 8.58

24.80 22.50 31.30 62.60

19.10 46.90 25.10 51.90

322.00 1.45

469.00 2.98

165.00 1.830

29 31 28

34 38 32 35 28 44

32 48

42 43

25 34 30 34 37 35 33 37 34 30 42

24 72 45 77

50 44 64 68 34 42

25 29 28

29 35 30 39 34 53

29 47

42 46

46 38 30 41 29 24 23 40 24 29 34

55 52 37 32

41 36 39 25 31 46

25 29 28

30 34 29 42 32 62

29 47

41 46

42 40 32 41 35 24 26 40 25 31 31

78 65 39 58

40 39 37 20 35 45

1 Parity prices began January 2015. 2 Seasonally adjusted price as percentage of parity price. 3 Wholesale extracted. Adjusted base price derived from state annual averages prices weighted by production. For 1982 through 1985 the national

averages are the support prices. 4 Equivalent packinghouse-door returns for California, New York, Oregon, and Washington. Price at point of first sale for other states.

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30 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Commodity Parity Prices – United States: May 2016 with Comparisons [Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January Agricultural Prices for details on adjusted base price and parity price computations]

Commodity and unit Adjusted

base price

Parity price

May 2015

April 2016

May 2016

(dollars) (dollars) (dollars) (dollars)

Field crops and miscellaneous Hops ............................................................................ pound Mustard seed ................................................................... cwt Rapeseed ........................................................................ cwt Rye ............................................................................. bushel Safflower .......................................................................... cwt Spearmint oil ................................................................ pound Sweet potatoes ................................................................ cwt Tobacco Flue-cured, 11-14 ..................................................... pound Fire-cured, 21-23 ...................................................... pound Burley, 31 ................................................................. pound Maryland, 32 ............................................................ pound Dark air-cured, 35-37 ............................................... pound Pennsylvania seedleaf, 41 ........................................ pound Cigar binder, 51 ........................................................ pound Non-citrus fruit Apples, processing 1 2 ....................................................... ton Apricots Fresh 3 .......................................................................... ton Dried (California) ........................................................... ton Avocados 2 3 ...................................................................... ton Cherries Sweet ............................................................................ ton Tart 2 ........................................................................ pound Cranberry 2 4 ................................................................. barrel Dates (California) 3 ............................................................ ton Grapes (California) Raisin variety 5 .............................................................. ton Wine, processing ........................................................... ton Kiwifruit 2 ........................................................................... ton Nectarines, fresh (California) 3 ........................................... ton Olives, canning (California) 4 ............................................. ton

0.338 3.17 2.66

0.630 2.23 1.70 2.08

0.180 0.255 0.179 0.171 0.230 0.184 0.629

18.30

116.00 251.00 178.00

209.00 0.032 4.32

147.00

140.00 64.90 91.40 60.50 93.10

9.63

90.90 72.00 18.20 64.00 48.60 61.60

5.36 7.67 5.36 5.07 6.93 5.36

18.70

536.00

3,520.00 7,610.00 5,420.00

6,370.00

0.977 132.00

4,500.00

4,270.00 (NA)

2,670.00 1,800.00 2,830.00

9.75

91.50 76.70 18.20 64.30 49.00 60.00

5.19 7.36 5.16 4.93 6.64 5.31

18.10

528.00

3,350.00 7,240.00 5,140.00

6,030.00

0.923 125.00

4,240.00

4,040.00 1,870.00 2,640.00 1,750.00 2,690.00

9.80

91.90 77.10 18.30 64.60 49.30 60.30

5.22 7.39 5.19 4.96 6.67 5.33

18.20

530.00

3,360.00 7,270.00 5,160.00

6,060.00

0.927 125.00

4,260.00

4,060.00 1,880.00 2,650.00 1,750.00 2,700.00

See footnote(s) at end of table. --continued

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Agricultural Prices (June 2016) 31 USDA, National Agricultural Statistics Service

Commodity Parity Prices – United States: May 2016 with Comparisons (continued) [Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January Agricultural Prices for details on adjusted base price and parity price computations]

Commodity and unit Adjusted

base price

Parity price

May 2015

April 2016

May 2016

(dollars) (dollars) (dollars) (dollars)

Non-citrus fruit - continued Papayas (Hawaii) ......................................................... pound Peaches Fresh 4 6 ........................................................................ ton Dried (California) 1 5 ...................................................... ton Processing, excludes dried Clingstone (California) 4 .......................................... ton Pears, Fresh 6 ................................................................... ton Plums (California) equivalent on-tree Fresh 7 .......................................................................... ton Prunes, dried (California) 1 2 5 ........................................... ton Prunes and plums Fresh, excludes California 7 .......................................... ton Processing, excludes dried 1 ......................................... ton Strawberries Fresh 10 .................................................................... pound Processing ............................................................... pound Sugar crops Sugar beets 2 8 .............................................................. ton Sugarcane 2 8 ................................................................ ton Tree nuts 9 Almonds ...................................................................... pound Hazelnuts ......................................................................... ton Pistachios .................................................................... pound Walnuts ............................................................................ ton Vegetables, fresh 10 Carrots 11 ......................................................................... cwt Cauliflower 11 ................................................................... cwt Celery 11 ........................................................................... cwt Honeydew melons ........................................................... cwt Lettuce ............................................................................. cwt Onions 11 .......................................................................... cwt Tomatoes ........................................................................ cwt

0.041

84.80 46.10

32.60

56.00

60.60

154.00

61.20 23.80

8.900 3.44

5.26 3.52

0.227 217.00 0.227

236.00

2.67 4.29 2.05 1.96 2.26 1.42 4.14

1.21

2,580.00 1,380.00

992.00

1,710.00

1,850.00 4,650.00

1,860.00

708.00

268.00 100.00

158.00 105.00

6.99 6,580.00

6.72 6,610.00

77.90 124.00 58.90 58.60 64.30 41.80

125.00

1.18

2,450.00 1,330.00

941.00

1,620.00

1,750.00 4,440.00

1,770.00

687.00

257.00 99.20

152.00 102.00

6.55 6,260.00

6.55 6,810.00

77.00 124.00

59.10 56.50 65.20 41.00

119.00

1.19

2,460.00 1,340.00

945.00

1,620.00

1,760.00 4,460.00

1,770.00

690.00

258.00 99.70

152.00 102.00

6.58 6,290.00

6.58 6,840.00

77.40 124.00 59.40 56.80 65.50 41.20

120.00

(NA) Not available. 1 Equivalent returns at processing plant door. 2 Adjusted base price is carried forward from the previous year since current marketing year average price is not yet available. 3 Equivalent returns at packinghouse door. 4 Equivalent returns for bulk fruit at first delivery point. 5 Dried basis. 6 Equivalent packinghouse-door returns for California, New York (apples only), Oregon (except peaches), and Washington. Price at point of first

sale for other states. 7 Based on "as sold" prices for fresh fruit in all states. 8 Relates to prices including average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and

abandonment payments not included. 9 Prices In-Shell basis except almonds which are shelled basis. 10 FOB shipping point price. 11 Includes some processing.

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32 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Marketing Year for Specified Commodities

Barley: June 1 to May 31 for United States; June 1 to May 31 for Arizona, California, Delaware, Maryland, North

Carolina, Pennsylvania, Virginia; August 1 to July 31 for Alaska, Maine; July 1 to June 30 for all other states.

Oats: June 1 to May 31 for United States; May 1 to April 30 for Alabama, Georgia and Texas; June 1 to May 31 for

Arkansas, North Carolina, Oklahoma, South Carolina, and Virginia; August 1 to July 31 for Maine and New York;

September 1 to August 31 for Alaska; July 1 to June 30 for all other States.

Sweet Potatoes: July - June for United States; July 1 to June 30 for Alabama and California; July 1 to May 31 for

Arkansas, Louisiana, North Carolina and Texas; August 1 to July 31 for Mississippi and New Jersey; and January 1 to

December 31 for Florida.

Wheat: June 1 to May 31 for United States; May 1 to April 30 for Alabama, Florida, Georgia, Louisiana, Mississippi, and

Texas; June 1 to May 31 for Arizona, Arkansas, California, Delaware, Illinois, Indiana, Kansas, Kentucky, Maryland,

Missouri, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, and Virginia; July 1 to June 30 for all

other States.

Prices Received and Farm Marketings for All Barley by Month – United States: Marketing Years 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May. Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices]

Month Prices received Farm marketing percentages

2013-2014 2014-2015 2015-2016 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel) (percent) (percent) (percent)

June ..................... July ...................... August ................. September ........... October ................ November ............ December ............ January 1 .............. February .............. March ................... April ..................... May ...................... MYA .....................

6.35 6.38 6.15 5.88 5.94 6.20 6.11 6.04 5.94 5.94 5.90 5.94

6.06

6.01 5.62 5.60 5.31 5.24 5.09 5.16 4.86 5.22 4.87 4.94 4.75

5.30

5.04 5.19 5.59 5.49 5.54 5.55 5.88 5.47 5.51 5.43 5.29 5.59

5.52

4.9 5.1

20.6 13.5 8.9 8.0 7.8 9.3 6.8 5.7 5.1 4.3

100.0

7.6 8.1

19.3 14.5 6.3 4.9 7.8 9.0 8.0 7.0 3.8 3.7

100.0

4.6 8.3

16.7 11.0 8.1 8.2

13.5 8.5 8.8 5.7 3.4 3.2

100.0

1 Second year.

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Agricultural Prices (June 2016) 33 USDA, National Agricultural Statistics Service

Prices Received and Farm Marketings for Malting Barley by Month – United States: Marketing Years 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May. Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices]

Month Prices received Farm marketing percentages

2013-2014 2014-2015 2015-2016 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel) (percent) (percent) (percent)

June .................... July ...................... August ................. September ........... October ............... November ............ December ............ January 1 ............. February .............. March .................. April ..................... May ..................... MYA ....................

6.68 6.56 6.56 6.44 6.49 6.61 6.52 6.52 6.43 6.30 6.45 6.37

6.50

6.30 5.90 6.11 5.91 5.76 5.69 5.63 5.47 5.67 5.39 5.75 5.62

5.83

5.68 5.73 5.91 5.74 5.78 5.80 5.99 5.68 5.70 5.64 5.71 6.03

5.80

3.9 5.6

20.9 12.5 8.6 8.6 8.3 9.2 7.0 6.1 5.0 4.3

100.0

8.1 8.6

19.7 14.4 6.3 4.8 8.1 8.5 8.3 6.8 3.3 3.1

100.0

3.6 7.5

16.6 11.1 8.2 8.4

14.5 8.7 9.2 5.9 3.3 3.0

100.0

1 Second year.

Prices Received and Farm Marketings for Feed Barley by Month – United States: Marketing Years 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May. Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices]

Month Prices received Farm marketing percentages

2013-2014 2014-2015 2015-2016 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel) (percent) (percent) (percent)

June .................... July ...................... August ................. September ........... October ............... November ............ December ............ January 1 ............. February .............. March .................. April ..................... May ..................... MYA ....................

5.75 5.17 4.42 4.25 4.10 3.63 3.65 4.21 3.77 3.81 3.77 4.15

4.28

4.32 3.85 3.31 2.97 3.13 2.84 2.99 2.99 2.94 3.08 3.05 2.90

3.17

3.55 2.97 3.00 3.24 2.97 3.03 3.11 3.14 3.07 2.79 2.82 3.67

3.13

8.7 3.2

19.8 17.3 10.3 5.6 5.6 9.7 6.2 4.2 5.3 4.1

100.0

5.8 5.7

18.0 14.9 6.2 5.2 7.0

11.0 6.6 7.9 5.8 5.9

100.0

12.7 14.9 17.1 10.2 6.4 6.9 5.1 6.3 6.2 3.9 4.6 5.7

100.0

1 Second year.

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34 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received and Farm Marketings for Oats by Month – United States: Marketing Years 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May. Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices]

Month Prices received Farm marketing percentages

2013-2014 2014-2015 2015-2016 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel) (percent) (percent) (percent)

June ..................... July ...................... August ................. September ........... October ................ November ............ December ............ January 1 .............. February .............. March ................... April ..................... May ...................... MYA .....................

3.93 3.88 3.67 3.57 3.49 3.63 3.59 3.70 3.75 4.13 3.96 3.98

3.75

3.73 3.49 3.24 3.20 3.16 2.95 3.21 3.02 3.08 2.96 2.82 2.90

3.21

2.83 2.33 2.07 2.04 2.20 2.11 2.12 1.93 2.21 2.20 1.97 2.26

2.12

3.9 8.5

40.4 9.1 4.2 2.0 2.1 5.0 6.4 7.2 5.7 5.5

100.0

4.2 10.7 31.4 20.6 6.3 4.1 3.5 6.7 4.8 2.8 3.4 1.5

100.0

2.6 10.0 42.0 14.9 3.3 3.9 4.2 4.3 4.2 3.3 4.7 2.6

100.0

1 Second year.

Prices Received for Sweet Potatoes, Market Year Average - States and United States: 2013-2015

State 2013 2014 2015

(dollars per cwt) (dollars per cwt) (dollars per cwt)

Alabama ................................... Arkansas ................................... California .................................. Florida ....................................... Louisiana .................................. Mississippi ................................ New Jersey ............................... North Carolina ........................... Texas ........................................ Other States 1 ........................... United States ............................

28.50 32.20 24.60

(D) 17.90 16.40 29.50 24.90

(D)

42.50

24.10

24.10 (D)

30.10 (D)

17.40 19.30 36.90 22.00 27.60

36.60

23.90

21.40 27.20 23.70

(D) 21.60 20.90 31.50 19.40

(D)

43.10

21.80

(D) Withheld to avoid disclosing data for individual operations. 1 Other States include South Carolina and Virginia.

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Agricultural Prices (June 2016) 35 USDA, National Agricultural Statistics Service

Prices Received and Farm Marketings for All Wheat by Month – United States: Marketing Years 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May. Monthly farm marketings, based on a sample survey, as percent of total used for calculating MYA prices]

Month Prices received Farm marketing percentages

2013-2014 2014-2015 2015-2016 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel) (percent) (percent) (percent)

June .................... July ...................... August ................. September ........... October ............... November ............ December ............ January 1 ............. February .............. March .................. April ..................... May ..................... MYA ....................

7.37 6.95 6.88 6.80 6.94 6.85 6.73 6.65 6.50 6.74 6.82 7.08

6.87

6.49 6.15 5.97 5.71 5.71 6.04 6.14 6.15 5.89 5.70 5.56 5.33

5.99

5.42 5.23 4.84 4.72 4.86 4.86 4.75 4.82 4.61 4.40 4.46 4.45

4.89

8.4 19.1 13.4 11.3 8.0 4.0 5.7 7.7 6.4 8.4 4.9 2.7

100.0

10.9 18.1 12.7 10.7 7.4 6.1

10.3 7.1 4.3 5.8 3.3 3.3

100.0

13.3 19.0 11.1 8.3 5.8 4.3 8.0 7.4 4.7 7.0 6.7 4.4

100.0

1 Second year.

Prices Received for Winter Wheat by Month, Marketing Year Average – United States: 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May]

Month 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

June .................... July ...................... August ................. September ........... October ............... November ............ December ............ January 1 ............. February .............. March .................. April ..................... May ..................... MYA ....................

7.18 6.85 6.81 6.80 7.07 6.96 6.84 6.72 6.58 6.92 7.07 7.26

6.89

6.34 5.99 5.90 5.69 5.65 5.87 6.14 6.02 5.70 5.55 5.50 5.19

5.92

5.20 5.15 4.80 4.64 4.76 4.66 4.57 4.63 4.47 4.28 4.31 4.28

4.80

1 Second year.

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36 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Durum Wheat by Month, Marketing Year Average – United States: 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May]

Month 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

June ................................................ July ................................................. August ............................................ September ...................................... October ........................................... November ....................................... December ....................................... January 1 ......................................... February ......................................... March .............................................. April ................................................ May ................................................. MYA ................................................

8.51 8.32 7.73 7.84 7.03 6.72 6.90 7.01 6.43 6.69 6.80 7.21

7.46

7.96 8.13 8.03 8.25 8.48

11.00 10.70 9.89

10.10 9.50 7.79 8.02

8.81

9.16 8.74 7.28 6.36 6.57 6.97 6.93 6.60 6.08 6.03 6.24 6.57

7.36

1 Second year.

Prices Received for Other Spring Wheat by Month, Marketing Year Average – United States: 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May]

Month 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

June ................................................ July ................................................. August ............................................ September ...................................... October ........................................... November ....................................... December ....................................... January 1 ......................................... February ......................................... March .............................................. April ................................................ May ................................................. MYA ................................................

7.72 7.30 6.97 6.71 6.66 6.70 6.55 6.48 6.40 6.56 6.61 6.85

6.73

6.60 6.23 5.93 5.51 5.57 5.73 5.80 5.84 5.55 5.53 5.51 5.29

5.75

5.20 5.15 4.71 4.68 4.78 4.91 4.80 4.81 4.56 4.47 4.55 4.64

4.78

1 Second year.

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Agricultural Prices (June 2016) 37 USDA, National Agricultural Statistics Service

Prices Received for Hard Red Spring Wheat by Month, Marketing Year Average – United States: 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May]

Month 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

June ................................................ July .................................................. August ............................................. September ....................................... October ........................................... November ........................................ December ........................................ January 1 ......................................... February .......................................... March .............................................. April ................................................. May ................................................. MYA ................................................

7.73 7.30 6.98 6.72 6.66 6.70 6.53 6.46 6.39 6.55 6.60 6.85

6.73

6.60 6.22 5.89 5.49 5.53 5.69 5.77 5.82 5.53 5.52 5.50 5.28

5.73

5.18 5.13 4.67 4.63 4.73 4.88 4.77 4.77 4.54 4.46 4.56 4.62

4.75

1 Second year.

Prices Received for Hard Red Winter Wheat by Month, Marketing Year Average – United States: 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May]

Month 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

June ................................................ July .................................................. August ............................................. September ....................................... October ........................................... November ........................................ December ........................................ January 1 ......................................... February .......................................... March .............................................. April ................................................. May ................................................. MYA ................................................

7.35 7.05 6.95 6.92 7.25 7.10 6.85 6.72 6.64 7.08 7.18 7.39

7.03

6.94 6.41 6.03 5.58 5.48 5.66 6.08 5.95 5.54 5.38 5.36 5.08

6.02

5.26 5.21 4.55 4.35 4.46 4.30 4.34 4.37 4.22 4.19 4.13 4.08

4.68

1 Second year.

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38 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Received for Soft Red Winter Wheat by Month, Marketing Year Average – United States: 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May]

Month 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

June ................................................ July ................................................. August ............................................ September ...................................... October ........................................... November ....................................... December ....................................... January 1 ......................................... February ......................................... March .............................................. April ................................................ May ................................................. MYA ................................................

6.92 6.55 6.33 6.22 6.59 6.63 6.13 6.24 5.90 6.30 6.54 6.73

6.53

5.51 5.32 5.13 4.94 4.95 5.23 5.64 5.67 5.48 5.13 4.94 5.04

5.34

4.91 4.69 4.54 4.31 4.56 4.37 4.52 4.48 4.54 4.21 4.38 4.52

4.66

1 Second year.

Prices Received for White Wheat by Month, Marketing Year Average – United States: 2013-2014 through 2015-2016 [Marketing year average (MYA) prices are weighted average prices for the United States marketing year of June through May]

Month 2013-2014 2014-2015 2015-2016

(dollars per bushel) (dollars per bushel) (dollars per bushel)

June ................................................ July ................................................. August ............................................ September ...................................... October ........................................... November ....................................... December ....................................... January 1 ......................................... February ......................................... March .............................................. April ................................................ May ................................................. MYA ................................................

7.29 7.19 6.92 6.71 6.76 6.77 6.98 6.85 6.61 6.81 7.05 7.12

6.85

6.99 6.61 6.40 6.30 6.15 6.51 6.60 6.39 6.34 6.25 6.26 5.77

6.37

5.79 6.34 6.00 5.49 5.57 5.44 5.35 5.48 4.94 4.63 4.62 4.88

5.38

1 Second year.

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Agricultural Prices (June 2016) 39 USDA, National Agricultural Statistics Service

Reliability of Prices Received Estimates

Definition: Prices received represent sales from producers to first buyers. They include all grades and qualities. The

average commodity price from the survey multiplied by the total quantity marketed theoretically should give the total cash

receipts for the commodity.

Survey procedures: Primary sales data used to determine grain prices were obtained from probability samples of about

1,900 mills and elevators. These procedures ensure that virtually all grain moving into commercial channels has a chance

of being included in the survey. Generally, States surveyed account for 90 percent or more of total United States

production. Livestock prices are obtained from packers, stockyards, auctions, dealers, and market check data from

AMS-USDA, private marketing organizations, and state commodity groups and agencies. Inter-farm sales of grain and

livestock are not included since they represent very small percentages of the total sales. Grain marketed for seed is also

excluded. Fruit and vegetable prices are obtained from sample surveys and market check data from AMS-USDA, private

marketing organizations, state agencies, and universities.

Summary and estimation procedures: Survey quantities sold are expanded by strata to state levels and used to weight

average strata prices to a state average. State prices are then weighted to a United States price based on expanded sales.

Recommendations are prepared by the Regional Field Offices and reviewed by the Agricultural Statistics Board in

Washington, D.C. State recommendations are reviewed for reasonableness with survey data, other States, and recent

historic estimates.

Revisions: In general, revisions are made during annual commodity market year estimation time, following five-year

Census revisions, or when later information is received. Revisions are published in monthly issues of Agricultural Prices.

Reliability: United States price estimates based on probability surveys generally have a sampling error of less than one

percent for the major commodities such as corn, wheat, soybeans, cotton, and rice. Current methods of summarization for

non-probability commodities are not designed directly to calculate sampling errors. However, analytical measures

approximate the United States relative sampling errors at around five percent. Any non-sampling errors are attributed to

such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in

coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these non-sampling

errors.

Program Changes: After the Council on Food, Agricultural and Resource Economics (C-FARE) 2009 program review which

included changes in farm production practices, plans were implemented to make necessary program improvements in the

agricultural price program. The index group structure for prices received was modified to maintain a more universal structure

and consistency with the required 1910-1914 series.

Modifications implemented January 2014 include the following: update the current 1990-1992 base reference period to 2011,

link the 1910-1914 series to the updated base reference period, 2011, create index groups used universally by researchers, data

users, and policymakers, re-classify agricultural commodities into the index groups, expand the commodity coverage for

vegetable, melon, non-citrus, and tree nuts, update monthly market weights, and adjust (normalization) current five year

moving average cash receipts and farm input cost weights.

Modifications implemented January 2015 discontinued preliminary prices and replaced the annual average index with an

annual index.

The February 2016 program update changed the rounding of the 2011 base period indexes to nearest tenth of a percent.

The 1910-1914 base period indexes remain rounded to the nearest whole number.

See Price Program Links at end of this report for program change details.

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40 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

May Prices Paid by Farmers

The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 107.1, is

up 0.5 percent from April 2016 but is down 3.6 percent from May 2015.

Production: The May index, at 105.8, is up 0.5 percent from April but is 5.6 percent lower than last year. Higher prices

for feed concentrates, complete feeds, diesel, and LP gas more than offset lower prices for feeder cattle, feeder pigs, and

hay & forages.

Feed: At 106.6, the May index increased 6.4 percent from April and is up 1.5 percent from last May. Since April,

higher prices for concentrates, complete feeds, and feed grains more than offset lower prices for hay & forages and

supplements.

Livestock and poultry: The May index, at 109.2, decreased 5.3 percent from April and is down 31 percent from last

year. Compared with April, prices are lower for feeder cattle and feeder pigs. The May feeder cattle price, at

$147.00 per cwt, is down $8.00 from the April price. May feeder pigs averaged $160.00 per cwt, down $28.00 from

April.

Fertilizer: The index for May, at 76.3, is up 0.4 percent from April but is 16 percent below May a year ago. Since

April, higher prices for mixed fertilizer and nitrogen more than offset lower prices for potash and phosphate.

Chemicals: The May index, at 108.8, is unchanged from April but is up 2.2 percent from last May.

Fuels: At 58.0, the May index is up 8.4 percent from April but is 15 percent below May 2015. Compared with April,

prices are higher for diesel, LP gas, and gasoline.

Machinery: The index for May, at 114.1, decreased 0.1 percent from April and 0.6 percent from May 2015.

Compared with last month, prices are lower for self-propelled machinery.

Consumer Price Index: The May 2016 Consumer Price Index for All Urban Consumers (CPI-U), as issued by the

Bureau of Labor Statistics, increased 1.0 percent over the last 12 months to an index level of 240.236 (1982-1984=100).

For the month, the index increased 0.4 percent prior to seasonal adjustment.

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Agricultural Prices (June 2016) 41 USDA, National Agricultural Statistics Service

Prices Paid Indexes and Related Parity Ratios – United States: May 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov]

Index Group and

Ratios

1910-1914 Base 2011 Base

May 2015

April 2016

May 2016

May 2015

April 2016

May 2016

(percent) (percent) (percent) (percent) (percent) (percent)

Prices paid by farmers for commodities, services, interest, taxes, and wage rates (PPITW) ......................................... Production .......................................... Feed ............................................... Livestock and poultry ...................... Seeds ............................................. Fertilizer .......................................... Chemicals ....................................... Fuels ............................................... Supplies and repairs ....................... Autos and trucks ............................. Machinery ....................................... Building materials ........................... Services and rent ............................ Services .......................................... Rent ................................................ Interest 1 ............................................. Taxes 2 ............................................... Wage rates ......................................... Family living-CPI 3 ............................... Production, interest, taxes, ..................... and wage rates (PITW) .......................

3006 2333 1157 3136 3755 1091 956

1901 1250

3258 7018 2505 2471 (NA) (NA)

3643 7335 7858 2259

3157

2885 2191 1104 2276 3643 915 977

1496 1243

3272 6978 2496 2519 (NA) (NA)

3846 7623 8159 2273

3007

2898 2203 1174 2155 3643 919 977

1623 1242

3267 6975 2499 2516 (NA) (NA)

3846 7623 8159 2282

3021

111.1 112.1 105.0 158.9 114.3 90.6

106.5 67.9

105.9

106.0 114.8 107.7 (NA)

113.5 120.8

99.9

123.6 109.7 105.7

111.9

106.6 105.3 100.2 115.3 110.9 76.0

108.8 53.5

105.4

106.4 114.2 107.3 (NA)

116.3 122.0

105.5 128.4 113.9 106.4

106.6

107.1 105.8 106.6 109.2 110.9 76.3

108.8 58.0

105.3

106.3 114.1 107.4 (NA)

116.1 122.0

105.5 128.4 113.9 106.8

107.1

Ratio (received/paid) ............................... Parity ratio 4 ............................................ Parity ratio adjusted 5 .............................. PPITW adjusted for productivity 6 .......................................

(NA) 37 38

1454

(NA) 33 34

1427

(NA) 34 35

1430

96 (NA) (NA)

(NA)

87 (NA) (NA)

(NA)

89 (NA) (NA)

(NA)

Crop sector (PPITW) .............................. Livestock sector (PPITW) .......................

(NA) (NA)

(NA) (NA)

(NA) (NA)

108.3 114.1

106.6 106.7

106.8 107.5

Farm sector (production) ......................... Non-farm sector (production) ..................

(NA) (NA)

(NA) (NA)

(NA) (NA)

122.2 105.7

107.3 103.9

108.2 104.3

(NA) Not available. 1 Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 2 Farm real estate taxes payable per acre. 3 Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), converted by the USDA. 4 Ratio of index of prices received to PPITW (1910-1914=100). 5 Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.026 for 2016 and the

revised factor is 1.026 for 2015. 6 PPITW is adjusted based on productivity trend for the prior 15 years.

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42 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Prices Paid Indexes and Annual Weights for Input Components and Sub-components – United States: May 2016 with Comparisons [Revised historical price indexes for months not shown are available at www.nass.usda.gov. Relative weights are a five year moving average]

Index Group

Relative weights Indexes (2011=100)

2015 2016 May 2015

April 2016

May 2016

(percent) (percent) (percent) (percent) (percent)

Production items ................................................... Feed ................................................................. Feed grains ................................................... Complete feeds ............................................. Hay and forages ............................................ Concentrates ................................................. Supplements ................................................. Livestock and poultry ........................................ Feeder cattle ................................................. Feeder pigs ................................................... Milk cow replacements .................................. Poultry ........................................................... Seeds ............................................................... Field crops .................................................... Grasses and legumes ................................... Fertilizer ............................................................ Mixed fertilizer ............................................... Nitrogen ........................................................ Potash and phosphate .................................. Chemicals ......................................................... Herbicides ..................................................... Insecticides ................................................... Fungicides and other ..................................... Fuels ................................................................. Diesel ............................................................ Gasoline ........................................................ LP gas ........................................................... Supplies and repairs ......................................... Supplies ........................................................ Repairs ......................................................... Autos and trucks ............................................... Autos ............................................................. Trucks ........................................................... Machinery ......................................................... Tractors ......................................................... Self-propelled ................................................ Other machinery ............................................ Building materials .............................................. Services ............................................................ Custom rates ................................................. Other services ............................................... Rent .................................................................. Cash ............................................................. Share ............................................................ Interest .................................................................. Taxes .................................................................... Wage rates ........................................................... Family living-CPI ...................................................

74.6

15.5 2.2 7.6 1.9 2.5 1.3 8.3 6.4 0.7 0.7 0.5

5.0 4.5 0.5 6.4 2.8 2.7 0.9 3.2 2.0 0.7 0.5

4.0 2.5 0.8 0.7 4.3 1.4 2.9 1.1 0.1 1.0

5.2 1.1 2.1 2.0 3.7

10.8 1.1 9.7 7.1 3.8 3.3

2.3 2.8 6.4

13.9

75.6

14.5 2.1 7.1 1.8 2.3 1.2

10.5 8.2 0.8 0.9 0.6

5.0 4.5 0.5 6.2 2.7 2.6 0.9 3.2 2.0 0.7 0.5

3.7 2.3 0.8 0.6 4.2 1.4 2.8 1.2 0.2 1.0

5.5 1.2 2.2 2.1 3.7

10.8 1.1 9.7 7.1 3.8 3.3

2.2 2.8 6.2

13.2

112.1

105.0 63.5

113.7 110.5 109.5 108.8 158.9 170.1 112.1 138.7 102.9

114.3 113.7 119.9 90.6 86.1 96.1 88.7

106.5 107.1 107.1 102.6

67.9 65.2 74.8 69.6

105.9 106.3 105.8 106.0 102.1 106.6

114.8 109.6 118.4 114.2 107.7 113.5 111.8 113.7 120.8 128.5 111.8

99.9

123.6 109.7 105.7

105.3

100.2 59.7

110.1 95.5

101.8 115.0 115.3 112.9 134.3 128.2 102.9

110.9 109.5 124.0 76.0 75.1 77.6 74.1

108.8 110.7 109.1 99.9

53.5 48.5 58.2 66.1

105.4 106.1 105.0 106.4 101.5 107.2

114.2 110.6 117.6 112.7 107.3 116.3 111.8 116.9 122.0 129.0 114.0

105.5 128.4 113.9 106.4

105.8

106.6 61.7

112.9 90.8

135.6 114.7 109.2 107.2 114.3 128.2 102.9

110.9 109.5 124.0 76.3 75.8 77.8 73.3

108.8 110.7 109.1 99.9

58.0 52.1 62.3 74.6

105.3 106.3 104.8 106.3 101.3 107.0

114.1 110.6 117.5 112.7 107.4 116.1 111.8 116.6 122.0 129.0 114.0

105.5 128.4 113.9 106.8

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Agricultural Prices (June 2016) 43 USDA, National Agricultural Statistics Service

70

80

90

100

110

120

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Month,All Items and Production Items –United States: 2011=100

All Items Production Items

60

70

80

90

100

110

120

130

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Percent

Paid Indexes, Annual Averages,Production Items, Interest, Taxes, and Wages –United States: 2011=100

Production Items Interest Taxes Wages

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44 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

70

80

90

100

110

120

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Farm Type and Month, All Items –United States: 2011=100

All Farms Crop Farms Livestock Farms

60

70

80

90

100

110

120

130

140

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Origin and Month,All Production Items –United States: 2011=100

All Farm Non-farm

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Agricultural Prices (June 2016) 45 USDA, National Agricultural Statistics Service

40

60

80

100

120

140

160

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Non-farm Origin and Month,Chemicals, Fertilizer, and Fuels –United States: 2011=100

Chemicals Fertilizer Fuels

40

60

80

100

120

140

160

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Non-farm Origin and Month,Machinery and Supplies & Repairs –United States: 2011=100

Machinery Supplies & Repairs

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46 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

60

80

100

120

140

160

180

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Percent

Paid Indexes by Farm Origin and Month,Feed and Livestock & Poultry –United States: 2011=100

Feed Livestock & Poultry

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Agricultural Prices (June 2016) 47 USDA, National Agricultural Statistics Service

Feed Price Ratios – United States: May 2016 with Comparisons

Feed price ratio 1 May 2015 April 2016 May 2016

Broiler-feed: pounds of broiler grower feed equal in value to 1 pound of broiler, live weight 2 .......................................................... Market egg feed: pounds of laying feed equal in value to 1 dozen eggs 3 ....................................................................................... Hog-corn: bushels of corn equal in value to 100 pounds of hog, live weight ............................................................................ Milk-feed: pounds of 16% mixed dairy feed equal in value to 1 pound of whole milk 4 ...................................................................... Steer & heifer-corn: bushels of corn equal in value to 100 pounds of steer & heifers, live weight ....................................................................................................... Turkey-feed: pounds of turkey grower equal in value to 1 pound of turkey, live weight 5 ..............................................................

6.2

18.2

16.2

1.97

44.2

7.9

5.2

4.6

14.2

1.97

37.2

9.2

5.3

2.7

15.5

1.89

35.1

8.8

1 Effective January 1995, prices of commercial prepared feeds are based on current United States prices received for corn, soybeans, alfalfa hay, and all wheat.

2 The price of commercial prepared broiler feed is based on current United States prices received for corn and soybeans. The modeled feed uses 58 percent corn and 42 percent soybeans.

3 The price of commercial prepared layer feed is based on current United States prices received for corn and soybeans. The modeled feed uses 75 percent corn and 25 percent soybeans.

4 The price of commercial prepared dairy feed is based on current United States prices received for corn, soybeans, and alfalfa. The modeled feed uses 51 percent corn, 8 percent soybeans, and 41 percent alfalfa.

5 The price of commercial prepared turkey feed is based on current United States prices received for corn, soybeans, and wheat. The modeled feed uses 51 percent corn, 28 percent soybeans, and 21 percent wheat.

Prices Received Used to Calculate Feed Price Ratios – United States: May 2016 with Comparisons [Price data source for livestock and poultry commodities is United States Department of Agriculture's Agriculture Marketing Service]

Item May 2015 April 2016 May 2016

(dollars) (dollars) (dollars)

Broilers, live ......................................................................... pound Eggs, market ....................................................................... dozen Hogs, all ...................................................................................cwt Milk, all .....................................................................................cwt Steers and heifers ....................................................................cwt Turkeys, live ........................................................................ pound Corn ................................................................................... bushel Hay, alfalfa ............................................................................... ton Soybeans ........................................................................... bushel Wheat, all ........................................................................... bushel

0.650 1.61

58.90 16.80

161.00 0.759

3.64

192.00

9.58 5.33

0.520 0.390

51.00 15.00

133.00 0.832

3.58

153.00

9.04 4.46

0.560 0.241

57.20 14.50

129.00 0.829

3.68

147.00

9.76 4.45

Prices Paid for Feeder Livestock – United States: May 2016 with Comparisons [Price data source is United States Department of Agriculture's Agriculture Marketing Service]

Item May 2015 April 2016 May 2016

(dollars) (dollars) (dollars)

Feeder cattle & calves ..............................................................cwt Feeder pigs ..............................................................................cwt

233.00 157.00

155.00 188.00

147.00 160.00

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48 Agricultural Prices (June 2016) USDA, National Agricultural Statistics Service

Reliability of Prices Paid Estimates

Definition: Prices paid by farmers represent the average costs of inputs purchased by farmers and ranchers to produce

agricultural commodities. Conceptually, the average price when multiplied by quantity purchased should equal total

producer expenditures for the item.

Survey procedures: The prices paid data are obtained from establishments that sell goods and services to farmers and

ranchers. Annually, about 8,500 firms are randomly selected from lists by type of item sold with an average response rate

in the range of 75-80 percent. Firms are asked to report the price for the specified item "most commonly bought by

farmers" or that was the "volume seller". Approximately 135 items are surveyed each March to represent all production

input items purchased. The survey reference period for most items is the five business days centered at the 15th of the

month. Separate prices paid surveys are conducted for agricultural chemicals, fuels, feed, fertilizer, machinery, and seed.

Summary and estimation procedures: The annual March Prices Paid Survey is summarized as a non-probability survey.

Average prices reported are aggregated to the region and United States level using weights available from expenditure

data and other administrative sources. Price recommendations are prepared by the Regional Field Offices and

Headquarters for review by the Agricultural Statistics Board in Washington, D.C. Also, the change in price level for

individual items surveyed are combined to the regional and United States levels, and are published as prices paid indexes

referenced to a specific base period. Prices paid indexes for new autos and trucks, building materials, farm supplies, motor

supplies, and marketing containers are updated based on price changes measured in selected Bureau of Labor Statistics

(BLS) indexes.

Revisions: Any revisions are published in the monthly and in annual issues of Agricultural Prices. The basis for revision

must be supported by additional data that directly affect the level of the estimate. More revisions are likely for March

when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA to measure price change.

Reliability: Current methods of summarization for the March data are not designed directly to calculate sampling errors.

However, analytical measures approximate the United States relative sampling errors for major items around 10 percent.

Any non-sampling errors are attributed to such things as the inability to obtain correct information, differences in

interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the

survey process to minimize these non-sampling errors.

Program change: Effective January 2014, the National Agricultural Statistics Service modified the five-year moving

weights and updated the base reference period. In January 2015, publication of preliminary prices was suspended, and the

annual average index was replaced by an annual index.

As of January 2014, the 1990-1992 base reference period was updated to 2011. Five-year moving average weights are

adjusted (normalized) to minimize the effects of price changes. The 1910-1914=100 price indexes, required by statute for

computing parity prices, were linked forward based on the changes in the new 2011=100 indexes. The new indexes were

constructed by multiplying the ratios of the current prices to the base period prices by the moving average weights.

Modifications implemented January 2015 discontinued preliminary prices and replaced the annual average index with an

annual index.

The April 2015 program update discontinued publication of the annual March survey prices paid data.

The February 2016 program update changed the rounding of the 2011 base period indexes to nearest tenth of a percent.

The 1910-1914 base period indexes remain rounded to the nearest whole number.

See Price Program Links at end of this report for program change details.

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Agricultural Prices (June 2016) 49 USDA, National Agricultural Statistics Service

Information Contacts General Troy Joshua, Chief, Environmental, Economics and Demographics Branch .................................................. (202) 720-6146 Crop Prices Received Lance Honig, Chief, Crops Branch ................................................................................................................. (202) 720-2127 Anthony Prillaman, Head, Field Crops Section ............................................................................................... (202) 720-2127 Angie Considine – Cotton, Cotton Ginnings, Sorghum ................................................................................. (202) 720-5944 Tony Dahlman – Oats, Soybeans ................................................................................................................... (202) 720-7621 Chris Hawthorn – Corn, Flaxseed, Proso Millet ............................................................................................ (202) 720-9526 James Johanson – County Estimates, Hay ..................................................................................................... (202) 690-8533 Scott Matthews – Barley, Crop Weather ....................................................................................................... (202) 720-7621 Jean Porter – Rye, Wheat ............................................................................................................................... (202) 720-8068 Bianca Pruneda – Peanuts, Rice ..................................................................................................................... (202) 720-7688 Travis Thorson –Sunflower, Canola, Safflower, Rapeseed, Mustard Seed ................................................... (202) 720-7369 Jorge Garcia-Pratts, Head, Fruits, Vegetables and Special Crops Section....................................................... (202) 720-2127 Vincent Davis – Fresh and Processing Vegetables, Onions, Strawberries .................................................... (202) 720-2157 Fleming Gibson – Citrus, Coffee, Sugar Crops, Tropical Fruits ................................................................... (202) 720-5412 Greg Lemmons – Berries, Cranberries, Potatoes, Sweet Potatoes ................................................................ (202) 720-4285 Dave Losh – Hops ......................................................................................................................................... (360) 709-2400 Dan Norris – Austrian Winter Peas, Dry Edible Peas, Lentils, Mint, Mushrooms, Peaches, Pears, Wrinkled Seed Peas, Dry Beans ................................................................................................................. (202) 720-3250 Daphne Schauber – Floriculture, Grapes, Maple Syrup, Nursery, Tree Nuts ............................................... (202) 720-4215 Chris Singh – Apples, Apricots, Cherries, Plums, Prunes, Tobacco ............................................................. (202) 720-4288 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch ........................................................................................................... (202) 720-3570 Scott Hollis, Head, Livestock Section ............................................................................................................. (202) 720-3570 Doug Bounds – Hogs and Pigs ...................................................................................................................... (202) 720-3106 Dave Colwell – Sheep and Goats ................................................................................................................... (202) 720-8784 Michael Klamm – Cattle and Cattle on Feed ................................................................................................. (202) 720-3040 Mike Miller – Milk, Milk Cows ..................................................................................................................... (202) 720-3278 Bruce Boess, Head, Poultry and Specialty Commodities Section ................................................................... (202) 720-3570 Heidi Gleich – Broilers .................................................................................................................................. (202) 720-0585 Kim Linonis – Eggs ....................................................................................................................................... (202) 690-8632 Sammy Neal – Turkeys .................................................................................................................................. (202) 720-3244 Josh O’Rear – Honey ..................................................................................................................................... (202) 690-3676 Indexes, Prices Paid, and Parity Prices Troy Joshua, Chief, Environmental, Economics and Demographics Branch .................................................. (202) 720-6146 Tony Dorn, Head, Economics Section ............................................................................................................. (202) 690-3223 Daryl Brinkman – Prices Received Indexes, Parity Prices ............................................................................ (202) 720-8844 Courtney Charles – Prices Paid, Prices Paid Indexes .................................................................................... (202) 690-3229 Greg Gholson – Prices Received Indexes, Parity Prices, Prices Paid Indexes, Prices Paid for Feed, Fertilizer, Chemicals, Seeds, Fuels, Farm Supplies and Repairs, Farm Machinery, Feeder Livestock, Poultry Chicks, Feed Price Ratios ................................................................................................................ (202) 690-1348 Joe Hagedorn – Cash Rents, Grazing Fees .................................................................................................... (202) 690-3231

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Access to NASS Reports

For your convenience, you may access NASS reports and products the following ways:

All reports are available electronically, at no cost, on the NASS web site: www.nass.usda.gov

Both national and state specific reports are available via a free e-mail subscription. To set-up this free

subscription, visit www.nass.usda.gov and click on “National” or “State” in upper right corner above “search”

box to create an account and select the reports you would like to receive.

For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540,

7:30 a.m. to 4:00 p.m. ET, or e-mail: [email protected].

The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and

applicants for employment on the basis of race, color, national origin, age, disability, sex, gender identity,

religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual

orientation, or all or part of an individual's income is derived from any public assistance program, or protected

genetic information in employment or in any program or activity conducted or funded by the Department. (Not

all prohibited bases will apply to all programs and/or employment activities.)

If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program

Discrimination Complaint Form (PDF), found online at http://www.ascr.usda.gov/complaint_filing_cust.html,

or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of

the information requested in the form. Send your completed complaint form or letter to us by mail at U.S.

Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington,

D.C. 20250-9410, by fax (202) 690-7442 or email at [email protected].

Price Program Links Economics and Prices

http://www.nass.usda.gov/Statistics_by_Subject/Economics_and_Prices/index.php

January 2014 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/updates.pdf

January 2015 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/update2015.pdf

April 2015 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/updateApr2015.pdf

February 2016 Price Program Update

http://www.nass.usda.gov/Surveys/Guide_to_NASS_Surveys/Prices/updateFeb2016.pdf