The United State Department of Agriculture released its February Agricultural Farm Prices information Friday.
Some Indiana highlights were: February corn, at $4.57 per bushel, decreased $0.17 from January and decreased $2.12 from last year; February soybeans, at $12.40 per bushel, decreased $0.80 from last month and decreased $2.70 from last year; February wheat, at $5.84 per bushel, decreased $0.86 from January and decreased $1.89 from last year; February milk, at $21.60 per cwt., was unchanged from last month and decreased $1.10 from last year.
Nationally, the February Prices Received Index 2011 Base (Agricultural Production), at 120.0, increased 7.1% from January but decreased 5.4% from February 2023. At 100.3, the Crop Production Index was up 2.1 percent from last month but down 17% from the previous year. The Livestock Production Index, at 141.3, increased 3.5% from
January, and 6.0 percent from February last year.
Producers received higher prices during February for market eggs, cattle, lettuce and hogs but lower prices for corn, soybeans, broilers, and wheat. In addition to prices, the volume change of commodities marketed also influences the indexes.
In February, there was increased monthly movement for cattle, milk, broilers and market eggs and decreased marketing of soybeans, corn, wheat and tobacco.
Ag prices for Indiana are compiled by the Great Lakes Region of the USDA’s National Agricultural Statistics Service.