Average price of all wheat at $7.29 in July
August 01, 2008
by FoodBusinessNews.net Staff
WASHINGTON — The preliminary national average price received by farmers for all wheat in July was $7.29 per bu, down 33c from $7.62 in June but $2.12 above the July 2007 average of $5.17, the U.S. Department of Agriculture said in its July Agriculture Prices report (click here to read report).
The national average price received for winter wheat in July was $7.09 a bu, down 42c from $7.51 in June but $1.96 above the July 2007 average of $5.13.
The average price for durum was $10.80 a bu, up $2.39 from $8.41 in June and up $4.11 from the July 2007 average of $6.69.
The price for spring wheat other than durum was $8.48 a bu, down $1.62 from $10.10 in June but $3.05 above the July 2007 average of $5.43.
The average price received for rough rice was $16.70 per cwt in July, down 10c from $16.80 in June but $6.60 above the July 2007 average of $10.10.
The preliminary index of prices received for food grains in July was 246% of the 1990-92 base of 100, down 3.9% from the revised June index of 256 and 42% above the July 2007 index of 173.
The July index for feed grains was 236, up 2.2% from a revised 231 the previous month and 53% above the July 2007 index of 154. The average price paid to farmers for corn in July was $5.61 per bu, up 13c from $5.48 in June and up $2.29 from $3.32 in July 2007. Farmers received an average of $9.78 per cwt for grain sorghum in July, down 32c from $10.10 in June but up $4.26 from $5.52 in July 2007. The average price paid for oats in June was $3.57, up 8c from June and $1.25 above the year-ago level.
The U.S.D.A. index for July prices received for oil-bearing crops was 254, up 6.7% from a revised 238 in June and 87% above 136 in July 2007. The national average price paid to farmers for soybeans was $14.20 a bu, up $1 from June and up $6.64 from $7.56 in July 2007.
The June index for dairy products was 149, up 0.7% from a revised 148 last month but down 9.7% from 165 in July 2007. The average price paid for manufacturing grade milk in July was $19 per cwt, down 80c from $19.80 in June and down $1.50 from $20.50 in July 2007.
The egg and poultry index was 154 in July, unchanged from June but 4.1% above 148 a year ago. The average price paid to farmers for all eggs was 84c per dozen in July, down 22c from $1.06 in June and down 11c from 95c in July.