EAST LANSING, Mich. — Prices received by Indiana farmers for the full month of April 2020 were down from March for corn, soybeans and milk, but up for wheat, according to the Indiana April Agricultural Prices report from the USDA National Agricultural Statistics Service, Great Lakes Field Office.
Some Indiana highlights were: April corn, at $3.61 per bushel, decreased $0.42 from March and decreased $0.07 from last year; April soybeans, at $8.64 per bushel, decreased $0.37 from last month but increased $0.07 from last year; April wheat, at $5.47 per bushel, increased $0.04 from March and increased $1.33 from last year; April milk, at $14.10 per cwt., decreased $3.90 from last month and decreased $3.20 from last year.
The April Prices Received Index 2011 Base (Agricultural Production), at 84.9, decreased 9.0 percent from March and 9.4 percent from April 2019. At 92.4, the Crop Production Index was up 4.2 percent from last month and 7.7 percent from the previous year. The Livestock Production Index, at 78.3, decreased 20 percent from March and 22 percent from April last year. Producers received lower prices during April for broilers, market eggs, milk, and corn but higher prices for oranges, grapefruit, rice, and hay.
In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of strawberries, oranges, milk, and apples offset the decreased marketing of corn, cattle, soybeans, and hay.
— USDA National Agricultural Statistics Service
For more articles out of Indiana, click here.