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Upper U.S. Midwest Organic Grain and FeedstuffsDES MOINES - Jan 16/08 - SNS -- Bi-weekly USDA report on organic grain and feedstuffs prices in the U.S. upper midwest.
Upper Midwest Organic Grain & Feedstuffs Report (Bi-Weekly)
Weighted Average Report for Week Ending 1/12/2008
Organic grain and feedstuff prices steady to higher compared to
two weeks ago. Coarse grain prices firm to 2.00 higher on
moderate offerings and good demand. Small grains steady to firm
on moderate offerings and good demand. Alfalfa hay steady.
With the holidays a memory now, producers have come to the table.
Product moving at a brisk pace, with demand exceeding supply as
buyers continue the hunt for more organic grains. Interest has
increased for contracting new crop product, especially for wheat
and soybeans. Bids for new crop corn from $9.00 - $10.00, with
soybean bids from $21.00 - $23.00. Monthly and 4rd quarter average
prices located below. All prices FOB the farm and negotiated spot
market.
FOB FOB
Price/Bu WEIGHTED AVERAGE
1/16/08 1/02/08
Organic Corn
Food Yellow --------- ---- ----
Feed Yellow 8.75-10.25 9.51 9.25
Organic Soybeans
Food Grade 22.00-24.50 22.92 -----
Feed Grade 20.00-23.00 20.51 18.24
Soybean Meal ----------- ----- -----
Organic Peas
Feed Grade ----------- ----- -----
Organic Oats
Food Grade ---------- ----- -----
Feed Grade 4.00-4.75 4.60 4.15
Organic Wheat
Food Grade 15.00-18.00 17.14 -----
Feed Grade 12.50-14.00 13.54 -----
Organic Barley
Feed Grade ---------- ----- -----
Organic Rye
Feed Grade ---------- ----- -----
===================================================================
Organic Feed Mix
Barley/Oat/Peas ---------- ----- -----
===================================================================
Organic Alfalfa Per Ton/FOB
Supreme -------------
Premium 195.00-235.00
Good 160.00-192.00
Fair -------------
Utility -------------
Organic Grass Hay
Premium -------------
Good -------------
Fair -------------
===================================================================
Monthly Organic Prices: DEC 07 NOV 07 OCT 07 4RD Qtr
2007
Food Grade Wheat
Feed Grade Wheat 9.09 9.10
Food Grade Corn
Feed Grade Corn 9.07 9.25 9.32 9.22
Food Grade Soybeans 19.94 19.96
Feed Grade Soybeans 17.43 15.79 15.82 16.32
Feed Grade Rye
Feed Grade Peas
Food Grade Oats
Feed Grade Oats 4.15 3.91 3.53 3.85
Feed Grade Barley 7.13 6.11 6.78
=====================================================================
Table 1: Alfalfa guidelines (for domestic livestock use and not more
than 10% grass)
Quality ADF NDF *RFV **TDN-100% **TDN-90% CP
Supreme <27 <34 >185 >62 >55.9 >22
Premium 27-29 34-36 170-185 60.5-62 54.5-55.9 20-22
Good 29-32 36-40 150-170 58-60 52.5-54.5 18-20
Fair 32-35 40-44 130-150 56-58 50.5-52.5 16-18
Utility >35 >44 <130 <56 <50.5 <16
*RFV calculated using the Wis/Minn formula.
**TDN calculated using the western formula.
Quantitative factors are approximate, and many factors can affect
feeding value. Values based on 100 % dry matter (TDN showing both
100% & 90%). Guidelines are to be used with visual appearance and
intent of Sale (usage).
=====================================================================
Developed in partnership with the University of Minnesota, Endowed
Chair in Agricultural Systems, School of Agriculture.
Source: USDA Market News Service, Des Moines, IA
--- STAT News Service
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