July wheat up $2.69 from year ago

by Staff
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WASHINGTON — The preliminary national average price received by farmers for all wheat in July was $7.18 per bu, down 22c from $7.40 in June but up $2.69 from $4.49 in July 2010, the U.S. Department of Agriculture said in its latest Agricultural Prices report.

The average price paid for winter wheat in July was $6.98 a bu, down 15c from $7.13 in June but up $2.51 from $4.47 in July 2010. The average price paid for durum was $12.70 a bu, up $3.73 from $8.97 in June and up $8.26 from $4.44 in July 2010. Spring wheat other than durum averaged $8.46 per bu, down 80c from $9.26 in June but up $3.75 from $4.71 in July 2010.

The average price paid for rough rice in July was $12.50 a cwt, up 70c from $11.80 in June but down 10c from a year ago.

The July index of prices received by farmers for food grains was 238 compared with the 1990-92 base of 100, down 2% from 243 the previous month but up 55% from 154 in July 2010.

The July index for feed grains was 267, up 2% from 262 the previous month and up 77% from 151 in July 2010. The average price paid to farmers for corn was $6.46 a bu, up 8c from $6.38 in June and up $2.97 from $3.49 in July 2010. Farmers received an average of $11.40 a cwt for grain sorghum in July, up 90c from $10.50 in June and up $5.43 from $5.97 in July 2010. The average price paid for oats in July was $3.60 a bu, up 19c from $3.41 in June and up $1.49 from $2.11 in July 2010.

The index of July prices received for oilseeds was 241, up 2% from 237 in June and up 39% from 174 in July 2010. Farmers received an average of $13.40 a bu for soybeans in July, up 20c from $13.20 in June and up $3.61 from $9.79 in July 2010.

The July index for dairy products was 169, up 4% from 162 in June and up 39% from 122 in July 2010. The average price for all milk in July was $22.90 a cwt, up 90c from $22 in June and up $6.50 from $16.40 a year ago.
The July poultry and egg index was 150, down 3% from 155 in June 2011 and in July 2010. The average price paid to farmers for all eggs in July was $1.04 a dozen, down 9c from $1.13 in June but up 20c from 84c in July 2010.

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