It is not a surprise that Wisconsin and U.S. farmers are facing low commodity prices. In July amidst the on-going trade war the average price received by farmers for corn in Wisconsin was $3.43 per bushel according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was down $0.14 from June and $0.02 below the previous July.\
The July soybean price, was reported at $9.30 per bushel, down $0.54 from June and $0.11 below the previous July.
Then the July oat price was $2.61 per bushel, down $0.67 from the June price but $0.04 above July 2017.
All hay prices in Wisconsin averaged $117.00 per ton in July, down $27.00 from June but $26.00 above July 2017. The alfalfa hay price averaged $127.00 per ton in July, down $21.00 from June but $24.00 above the previous July. The other hay price averaged $94.00 per ton in July, down $24.00 from June but $24.00 above the July 2017 price.
The July average price was $15.30 per cwt for milk, down $1.20 from June and $1.80 below July a year ago.
Overall, our farmers continue to face low prices but hopefully the new trade package developed by USDA will help soften the blow.
The complete Agricultural Prices report can be found under Publications on the USDA NASS website at www.nass.usda.gov.