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Michigan September Agricultural Prices

Prices received by Michigan farmers for the full month of September 2015 are listed in the table below. Some Michigan highlights were: September corn, at $3.73 per bushel, increased $0.04 from August and increased $0.18 from last year; September soybeans, at $8.92 per bushel, decrea sed $1.48 from last month and decreased $2.28 from last year; September wheat, at $5.50 per bushel, decreased $0.17 from August and decreased $0.07 from last year; September milk, at $17.20 per cwt., increased $1.20 from last month, and decreased $9.00 fro m last year.

The September Prices Received Index (Agricultural Production), at 98, decreased 3.9 percent from August. At 87, the Crop Production Index decreased 1.1 percent. At 109, the Livestock Production Index decreased 6.8 percent. Producers received lower prices for cattle, market eggs, broilers, and hogs but higher prices for lettuce, milk, apples, and sweet corn.

In addi tion to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of soybea ns, corn, potatoes, and calves offset the decreased marketing of beef cattle, wheat, cotton, and barley. The Prices Received Index is down 8.4 percent from the previous year. The Food Commodities Index, at 103, decreased 6.4 percent from the previous mont h and is down 13 percent from September 2014.

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