February all-wheat price up 65c from year earlier

by Staff
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WASHINGTON — The preliminary national average price received by farmers for all wheat in February was $7.75 per bu, down 37c from $8.12 in January but up 65c from $7.10 in February 2012, the U.S. Department of Agriculture said in its latest Agricultural Prices Report.

The average price paid for winter wheat in February was $7.69 per bu, down 32c from $8.01 in January but up $1.01 from $6.68 in February 2012. The average price paid for durum was $7.87 per bu, down 37c from $8.24 per bu in January and down $1.11 from $8.98 in February 2012. Spring wheat other than durum averaged $7.85 per bu, down 48c from $8.33 in January 2013 and down 16c from $8.01 in February 2012.

The average price paid for all rice was $15.30 a cwt, up 80c from $14.50 in January and up $1.20 from $14.10 in February 2012.

The February index of prices received by farmers for food grains was 249 compared with the 1990-92 base of 100, down 3% from 257 in January but up 10% from 227 in February 2012.

The February index of feed grains was 295, down 2% from 300 in January but up 10% from 268 in February 2012. The average price paid to farmers for corn was $6.89 per bu, down 7c from $6.96 in January but up 61c from $6.28 in February 2012. Farmers received an average of $11.80 a cwt for grain sorghum in February, down 20c from $12 in January but up $1 from $10.80 in February 2012. The average price paid for oats in February was $3.80 a bu, down 25c from $4.05 in January but up 33c from $3.47 in February 2012.

The index of February prices received for oilseeds was 248, down 2% from 253 in January but up 13% from 220 in February 2012. Farmers received an average of $14.20 a bu for soybeans in February, down 10c from $14.30 in January but up $2 from $12.20 in February 2012.

The February index for dairy products was 149, down 2% from 152 in January but up 10% from 136 in February 2012. The average price paid for all milk in February was $19.40 a cwt, down 50c from $19.90 in January but up $1.70 from $17.70 in February 2012.

The February poultry and egg index was 180, down 2% from 184 in January but up 12% from 161 in February 2012. The average price paid to farmers for all eggs in February was 99c a dozen, down 7c from $1.06 in January but up 10c from 89c in February 2012.
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