Indiana January agricultural prices released

The United States Department of Agriculture National Agricultural Statistics Service Great Lakes Region released Indiana January agricultural prices Friday.

Some Indiana highlights were: January corn, at $4.74 per bushel, was unchanged from December but decreased $1.76 from last year; January soybeans, at $13.20 per bushel, decreased $0.20 from last month and decreased $1.20 from last year; January wheat, at $6.70 per bushel, increased $0.14 from December but decreased $1.20 from last year; January milk, at $21.60 per cwt., decreased $0.30 from last month, and decreased $2.30 from last year.

Nationally, the January Prices Received Index 2011 Base (Agricultural Production), at 111.7, decreased 1.4 percent from December and 10 percent from January 2023. At 98.2, the Crop Production Index was down 3.4 percent from last month and 17 percent from the previous year.

The Livestock Production Index, at 135.4, increased 4.6 percent from December, but decreased 0.7 percent from January last year. Producers received lower prices during January for soybeans, milk, corn and lemons but higher prices for broilers, market eggs, lettuce and calves.

In addition to prices, the volume change of commodities marketed also influences the indexes. In January, there was decreased monthly movement for cattle, milk, grapes and broilers and increased marketing of soybeans, corn, market eggs and onions.