Upper U.S. Midwest Organic Grain and Feedstuffs

DES MOINES - Jul 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 the Week Ending      07/12/08

Compared to two weeks ago, organic grain and feedstuff prices were mostly
steady on moderate demand and light offerings.  The main concern right now
is the livestock industry, which is beginning to really hurt from high organic
grain prices.  Beef cattle, dairy cattle and chickens are being turned back
to conventional.  Some organically raised cattle are being put on grass only.
Producers are inquiring about new crop prices but are reluctant to do anything
for 2 reasons.  One, some producers don't know what kind of crop they will
have after the tough planting season.  Two, some producers have a great
crop but feel that prices could go higher.  Additionally, buyers are facing
a lot of uncertainty about fuel charges.  Shipping companies are starting
to hit their customers with some hefty fuel surcharges.  Organic alfalfa is
looking rough too.  It's had too much rain and not enough heat.  RFVs are
not very high.  New crop bids are as follows:  feed grade corn from $9.50
to $11.00; feed grade soybeans from $23.00 to $24.00; food grade soybeans
from $28.00 to $32.00; spring wheat from $18.00 to $24.00; winter wheat
from $15.00 to $19.00; feed grade oats from $5.50 to $7.00.  A large
number of bushels of new crop organic winter wheat have already been traded.
Monthly and second quarter average prices located below.  All prices FOB the
farm and negotiated spot market.

                                     FOB                       FOB
                                Price/Bushel            Weighted Average
                                                  07/12/08  06/28/08  07/14/07
Organic Corn
   Food Yellow
   Feed Yellow                 10.00- 11.40          11.06     10.82     11.43
Organic Soybeans
   Food Grade                  30.00- 32.00          31.33
   Feed Grade                  25.00- 27.50          26.56     28.15     13.29
   Soybean Meal
Organic Oats
   Food Grade
   Feed Grade                         6.00            6.00
Organic Barley
   Food Grade
   Feed Grade
Organic Wheat
   Food Grade (SRW)            15.00- 15.50          15.13
   Feed Grade                                                             7.30
Organic Rye
   Feed Grade
Organic Peas
   Feed Grade
Organic Brown Flax (cents per pound)
   Food Grade
   Feed Grade
Organic Golden Flax (cents per pound)
   Food Grade
   Feed Grade
==============================================================================
Organic Alfalfa                 Per Ton/FOB
   Supreme
   Premium
   Good                       235.00- 250.00
   Fair
   Utility
Organic Grass Hay
   Premium
   Good
   Fair
Organic Straw
==============================================================================
Monthly and Quarterly Organic Prices
                          Jun 08      May 08    Jun 07    2nd Qtr 2008
Food Grade Corn
Feed Grade Corn           10.82       10.49     9.88      10.44
Food Grade Soybeans                   29.83     17.00     29.28
Feed Grade Soybeans       28.63       24.00     13.36     26.94
Food Grade Oats
Feed Grade Oats                                 3.48
Feed Grade Barley         8.71                  5.44      8.11
Food Grade Wheat
Feed Grade Wheat                                          15.36 (SRW)
Feed Grade Rye                                            12.15
Feed Grade Peas
Food Grade Golden Flax                                    35.52
==============================================================================
Developed in partnership with the University of Minnesota, Endowed
Chair in Agricultural Systems, School of Agriculture.


Source:

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