The latest report from USDA shows Wisconsin fluid milk during the month of May was ahead of the U.S. average by 70 cents. Growers also saw higher dollar amounts for corn, soybeans, oats and hay in May 2022 compared to the month or year prior.
The average price for milk was $27.40 per hundredweight, 30 cents above the April price and $7.60 above May 2021.
The U.S. all milk price for May was $27.30 per cwt, 10 cents lower than Wisconsin’s price but 20 cents higher than last month’s U.S. price.
The average price received by Wisconsin farmers for corn during May was $6.91 per bushel, according
to the latest USDA, National Agricultural Statistics Service report. This was 2 cents above the April price and 98 cents above May 2021.
The May average price received by farmers for soybeans, at $15.90 per bushel, was 40 cents above the April price and $1.30 above the May 2021 price.
The May average oat price per bushel, at $5.85, was 15 cents above April and $2.42 above May 2021.
All hay prices in Wisconsin averaged $158 per ton in May. This was $6 above the April price but $6 below the May 2021 price. The May 2022 alfalfa hay price, at $168, was $7 above the previous month but $5 below May 2021. The average price received for other hay during May was $128 per ton. This was
$3 above the April price but $6 below May last year.
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