New York milk producers receive an average of US$21.50/cwt. of milk sold during October, down US$2 year-over-year, USDA says; apple prices hit US$38.40/cwt., up US$9.20 from last year

ALBANY, New York , November 1, 2011 (press release) – Prices received by New York producers for milk sold during October were down from a month earlier, according to King Whetstone, Director of USDA’s National Agricultural Statistics Service, New York Field Office. The price of corn, potatoes, and apples decreased also. The price of hay increased. Many previous month prices were revised due to more complete sales information.

Dairy farmers in the Empire State received an average of $21.50 per hundredweight of milk sold during October, down $1.50 cents from September but $2.00 more than October a year ago.

Grain corn, at $7.07 per bushel, was down 43 cents from September but up $2.07 from last year. Hay averaged $118 per ton, up $18 from September and $11 higher than prices received October 2010. Potatoes averaged $15.10 per cwt., down $1.40 from September but up $2.00 from last year. Apples, at $38.40 per cwt., were down $1.20 from last month but up $9.20 from last October.

The preliminary All Farm Products Index of Prices Received by Farmers in October, at 185 percent, based on 1990-1992=100, increased 6 points (3.4 percent) from September. The Crop Index is up 3 points (1.5 percent) and the Livestock Index increased 1 point (0.7 percent). Producers received higher prices for cattle, eggs, hogs, and sweet corn and lower prices for corn, milk, wheat, and soybeans. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of soybeans, corn, grain sorghum, and sunflowers offset the decreased marketing of wheat, milk, hogs, and hay.

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