Prices received by Michigan farmers for the full month of June 2016 are listed in the table below. Some Michigan highlights were: June corn, at $3.95 per bushel, increased $0.20 from May and increased $0.56 from last year; June soybeans, at $10.50 per bushel, increased $0.78 from last month an d increased $0.82 from last year; June wheat, at $4.96 per bushel, decreased $0.57 from May and decreased $0.66 from last year; June milk, at $13.70 per cwt., increased $0.20 from last month, and decreased $2.30 from last year.
\The June Prices Received In dex (Agricultural Production), at 93.5, decreased 1.4 percent from May 2016. At 87.3, the Crop Production Index decreased 3.6 percent. The Livestock Production Index, at 98.6, increased 0.7 percent. Producers received lower prices for cattle, lettuce, oran ges, and strawberries but higher prices for broilers, hogs, milk, and corn. Compared with a year earlier, the Prices Received Index is down 11 percent, the Crop Production Index is 1.0 percent lower, and the Livestock Production Index is down 19 percent.
In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of wheat, hay, dry beans, and peaches offset the decreased marketing of cattle, oranges, milk, and broilers. The Food Commoditie s Index, at 97.3, decreased 1.7 percent from the previous month and is down 14 percent from June 2015.
Source:usda.gov