Average price of all wheat at $5.79 in October

by FoodBusinessNews.net Staff
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WASHINGTON — The preliminary national average price received by farmers for all wheat in October was $5.79 per bu, down $1.64 from $7.43 in September and down $1.86 from the October 2007 average of $7.65, the U.S. Department of Agriculture said in its October Agricultural prices report.

The national average price received for winter wheat in October was $5.29 a bu, down $1.70 from $6.99 in September and down $2.26 from the October 2007 average of $7.55.

The average price for durum was $9.82 a bu, down $1.98 from $11.80 in September and down $1.88 from the October 2007 average of $11.70.

The average price received for rough rice was $17 per cwt in October, down 10c from September but $6.20 above the October 2007 average of $10.80.

The preliminary index of prices received for food grains was 205% of the 1990-92 base of 100, down 18% from the revised September index of 250 and 14% below the October 2007 index of 237.

The October index for feed grains was 177, down 19% from a revised 219 the previous month but 20% above the October 2007 index of 148. The average price paid to farmers for corn in October was $3.99 per bu, down $1.03 from $5.02 in September but up 70c from $3.29 in October 2007. Farmers received an average of $5.75 per cwt for gain sorghum in October, down $2.46 from $8.21 in September and down 43c from $6.18 in October 2007. The average price paid for oats in October was $2.71 per bu, down 58c from $3.29 in September but 26c above $2.45 in October 2007.

The U.S.D.A. index for October prices received for oil-bearing crops was 153, down 14% from a revised 177 in September but 6.3% above the October 2007 index of 144. The national average price paid to farmers for soybeans was $8.66 per bu, down $2.04 from $10.70 in September but up 30c from $8.36 in October 2007.

The October index for dairy products was 135, down 2.9% from a revised 139 in September and down 18% from 164 in October 2007. The average price paid for manufacturing grade milk in October was $17.40 per cwt, down 10c from September and down $2.20 from $19.60 a year ago.

The egg and poultry index was 149 in October, unchanged from September but 11% above 134 in October 2007. The average price paid to farmers for all eggs was $1.02 per dozen in October, up 2c from $1 in September and up 8c from 94c in October 2007.

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