Ohio Ag Connection - Ohio Corn and Wheat Prices Above Year-Earlier Levels

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Ohio Corn and Wheat Prices Above Year-Earlier Levels
Ohio Ag Connection - 02/22/2019

Prices received by Ohio farmers for the full month of December 2018 have been published by USDA's National Ag Statistics Service.

Some Ohio highlights were: December corn, at $3.63 per bushel, was up $0.15 from November and increased $0.13 from last year; December soybeans, at $8.66 per bushel, was down $0.01 from last month and decreased $0.99 from last year; December wheat, at $5.09 per bushel, was up $0.03 from November and increased $0.82 from last year; December milk, at $17.20 per cwt., was down $0.30 from last month and decreased $1.00 from last year.

The December Prices Received Index (Agricultural Production), at 89.9, increased 1.8 percent from November 2018. At 87.6, the Crop Production Index increased 4.2 percent. The Livestock Production Index, at 92.0, decreased 0.4 percent. Producers received higher prices for cattle, corn, broilers, and soybeans but lower prices for milk, oranges, hogs, and lemons. Compared with a year earlier, the Prices Received Index is down 2.4 percent. The Crop Production Index increased 3.4 percent and the Livestock Production Index decreased 7.6 percent. The indexes are calculated using commodity prices and volumes of commodities that producers market. Increased monthly movement of milk, oranges, broilers, and cotton offset the decreased marketing of corn, grapes, soybeans, and calves. The Food Commodities Index, at 94.2, increased 0.2 percent from the previous month but decreased 5.3 percent from December 2017.

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