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Published August 05, 2013, 10:56 AM

Wheat, corn down in July, soybeans up

The U.S. Department of Agriculture has released its July Average Farm Prices report. July prices were lower for wheat and corn, but higher for soybeans.

By: U.S. Department of Agriculture,

WASHINGTON — The July index for all crops, at 230, decreased 1.3 percent from June and is 0.9 percent below July 2012. Index decreases for feed grains, hay and food grains more than offset index increases for oilseeds, potatoes and dry beans.

The July price for all wheat, at $6.95 per bushel, is down 37 cents from June and 94 cents below July 2012.

The corn price, at $6.83 per bushel, is down 14 cents from June and 31 cents lower than July 2012. The hay price, at $190 per ton, is down $9 from June, but up $6 from last July. Sorghum grain, at $10.20 per hundredweight, is down $1 from June and 40 cents below July last year.

The soybean price, at $15.40 per bushel, increased 30 cents from June, but is unchanged from July 2012.

The potato price, at $13.58 per hundredweight, is up $1.01 from June and $4.29 from last July. The dry bean price, at $39.30 per hundredweight, is up $1.30 from the previous month, but $6.50 below July 2012.

Compared with a year ago, prices are higher for broilers, milk, cattle, hogs, eggs and calves. The price for turkeys is down from last year.

The July hog price, at $76.50 per hundredweight, is up $2.10 from June and $4.40 higher than a year ago. The July beef cattle price of $120 per hundredweight is down $1 from June but $6 higher than July 2012. The July milk price of $19.10 per hundredweight is down 40 cents from June, but up $2.20 from July 2012.

The July market egg price, at 82.1 cents per dozen, increased 12.7 cents from June and is 5.7 cents higher than July 2012. The July broiler price, at 61 cents per pound, is down 5 cents from June, but 14 cents above a year ago. The July turkey price, at 67.9 cents per pound, is up 2.2 cents from June, but down 5 cents from a year ago.

The July production index, at 233, is unchanged from June, but increased 2.6 percent from last year. Higher prices in July for feeder cattle, other services, LP gas and complete feeds offset lower prices for nitrogen, feed grains, hay, forages and concentrates.

Since June, prices for feeder cattle and feeder pigs are higher. The July feeder cattle price, at $140.70 per hundredweight, is up $6 from the June price. July feeder pigs averaged $126 per hundredweight, up $6 from June.

Since June, prices for nitrogen, potash, phosphate and mixed fertilizer are lower. Compared with June, prices for herbicides, insecticides and fungicides are higher.

Compared with June, prices are higher for LP gas and diesel, but lower for gasoline.

Compared with June, prices remain the same for tractors and self-propelled machinery, but lower for other machinery.

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