The USDA's latest report on Wisconsin's agricultural prices for June 2023 provides valuable insights into the state's farming economy. Here are the average prices received by farmers for key crops and livestock:
Corn: In June 2023, the average price received for corn in Wisconsin stood at $6.24 per bushel. This price remained unchanged from May but was 83 cents lower than June 2022.
Soybeans: Farmers received an average of $13.90 per bushel for soybeans in June 2023. This price was 50 cents below the May figure and $2.20 lower than June 2022.
Oats: The average price per bushel of oats was $4.21 in June, showing a 17-cent increase from May. However, this price was $1.10 lower than June 2022.
Hay: All hay prices in Wisconsin averaged $151.00 per ton in June 2023, a $5.00 decline from May but $7.00 higher than June 2022. Specifically, the alfalfa hay price was $155.00, $15.00 lower than the previous month but $5.00 above June 2022. Other hay received an average price of $127.00 per ton in June, reflecting a $14.00 increase from May and $16.00 higher than the same month last year.
Milk: The average price for milk in June 2023 was $16.20 per cwt, showing a decrease of $1.70 from May and a significant drop of $10.10 from June 2022.
Dairy Herd Replacement: As of July 1, 2023, dairy herd replacement values averaged $1,910 per head.
These price fluctuations reflect the ongoing dynamics in Wisconsin's agriculture, and farmers and industry stakeholders are closely monitoring market trends to make informed decisions.
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Categories: Wisconsin, Crops, Livestock