Prices received by Michigan farmers for the full month of January 2016 are listed in the table below.
Some Michigan highlights were: January corn, at $3.65 per bushel, increased $0.09 from December and decreased $0.10 from last year; January soybeans, at $8.58 per bushel, increased $0.18 f rom last month and decreased $1.82 from last year; January wheat, at $5.14 per bushel, decreased $0.49 from December and decreased $1.01 from last year; January milk, at $15.30 per cwt., decreased $1.20 from last month, and decreased $2.30 from last year . The January Prices Received Index (Agricultural Production), at 89.2, decreased 0.7 percent from December. At 80.7, the Crop Production Index is down 3.9 percent. At 99.9, the Livestock Production Index increased 2.9 percent. Producers received lower pr ices for milk, lettuce, broccoli, and cauliflower but higher prices for cattle, broilers, and tomatoes. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of dry beans, cattle, s oybeans, and corn offset the decreased marketing of cotton, broilers, market eggs, and hay.
The Prices Received Index is down 8.1 percent from the previous year. The Food Commodities Index, at 95.8, decreased 0.8 percent from December and is down 12 perce nt from January 2015.
Source:usda.gov