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Upper U.S. Midwest Organic Grain and FeedstuffsDES MOINES - Apr 9/08 - 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 04/05/2008
Organic grain and feedstuff prices mostly steady on very light demand and
offerings compared to two weeks ago. Hay prices weaker on lower demand for
the past few weeks, as producers wait for pastures to green. Very little
soybean movement reported as there is little left in the country. No
soybeans coming in from South America, which is probably because of the
strikes in both Argentina and Brazil. Buyers are contracting new crop food
grade soybeans from 26.00-28.00 per bushel. Brown flax trading from 26.00-
29.00 per cwt. New crop food soybeans being contracted for 26.00-28.00 per
bushel. Corn contracts offered from 9.00-10.00 per bushel. Monthly and 1st
quarter average prices located below. All prices FOB the farm and negotiated
spot market.
FOB FOB
Price/Bu WEIGHTED AVERAGE
04/05/08 03/22/08
Organic Corn
Food Yellow --------- ---- ----
Feed Yellow 8.00-11.00 10.18 10.27
Organic Soybeans
Food Grade --------- 29.25
Feed Grade --------- 24.45
Soybean Meal --------- ----- -----
Organic Peas
Feed Grade --------- ----- -----
Organic Oats
Food Grade --------- ----- -----
Feed Grade --------- ----- -----
Organic Wheat
Food Grade --------- ----- -----
Feed Grade --------- ----- -----
Organic Barley
Feed Grade --------- 8.05
Organic Rye
Feed Grade --------- ----- -----
===================================================================
Organic Alfalfa Per Ton/FOB
Supreme -------------
Premium -------------
Good -------------
Fair 150.00-160.00
Utility -------------
Organic Grass Hay
Premium -------------
Good -------------
Fair -------------
===================================================================
Monthly Organic Prices: MAR 08 FEB 08 JAN 08 1st Qtr
2008
Food Grade Wheat 16.98 17.14 17.14
Feed Grade Wheat
Food Grade Corn
Feed Grade Corn 10.37 10.07 9.64 10.17
Food Grade Soybeans 29.25 26.29 23.08 23.88
Feed Grade Soybeans 25.33 22.73 21.09 23.58
Feed Grade Rye 11.00 11.00
Feed Grade Peas
Food Grade Oats
Feed Grade Oats 5.75 5.05 4.65 4.85
Feed Grade Barley 8.05 7.92
=====================================================================
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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