March Agricultural Prices Received
Released: March 29, 2007
For more information contact: Eric Siebens or Peggy Stringer at 1-800-835-2612.
 
February 2007 full month crop prices were higher when compared with January 2007. Montana's winter wheat average price was $4.65 per bushel, up $0.13 from the previous month; spring wheat prices increased $0.17 to $4.78 per bushel; durum wheat prices rose $0.39 to $5.12 per bushel. Feed barley prices increased $0.13 from the previous month to $3.07 per bushel, and malt barley prices increased $0.01 to $3.20 per bushel.
The mid-March price for alfalfa hay rose $10.00 to $90.00 per ton and all other hay increased $12.00 to $87.00 per ton. Mid-March grain prices were mostly higher than the previous month with winter wheat at $4.65 per bushel, spring wheat was $4.92 per bushel, durum wheat was $5.56 per bushel, malt barley was $3.50 per bushel, and feed barley was $3.33 per bushel.

Livestock prices for the full month of February were mostly higher when compared with the previous month. Steer and heifer prices increased $0.90 to $94.70 per cwt, cows increased $2.90 to $47.70. The price for calves was unchanged at $113.00 per cwt. Sheep prices dropped $5.20 to $30.30 per cwt, but lamb prices increased $2.00 to $99.60 per cwt. Milk prices increased $0.40 per cwt from last month to $14.80 per cwt. Steer and heifer prices for mid-March were $100.00 per cwt, cows were $48.90 per cwt, calves were $121.00 per cwt, and milk prices were $15.30 per cwt.

Nationally, prices for February and changes from January were as follows: winter wheat was $4.67 per bushel, up $0.14; spring wheat was $4.73 per bushel, up $0.21; durum wheat was $5.16 per bushel, up $0.46; the all barley price was $3.10 per bushel, up $0.07; steer and heifer prices were $91.50 per cwt, up $1.70; cows were $47.00 per cwt, up $2.60; calves were $117.00 per cwt, up $2.00; sheep were $36.50 per cwt, down $0.60; and lambs were $95.40 per cwt, down $1.10.

The U.S. mid-March winter wheat price was $4.66 per bushel, spring wheat was $4.78 per bushel, durum wheat was $5.33 per bushel, all wheat was $4.75 per bushel, malt barley was $3.29 per bushel, feed barley was $3.21 per bushel, and all barley was $3.27. Steer and heifer prices were $97.20 per cwt, cows were $46.90 per cwt, calves were $123.00 per cwt, all hogs were $45.40 per cwt, and all eggs were $0.77 per dozen.

The preliminary All Farm Products Index is up 20 points (18 percent) from March 2006. The Food Commodities Index, at 134, increased 6 points (4.7 percent) from last month and increased 19 points (17 percent) from March 2006.


MONTANA AVERAGE FARM PRICES RECEIVED

BASE MONTH:
February 2007 		U
N
I
T		     Monthly Average Change From Mid-Month Avg.
MONTANA U.S. Prev Mo Prev Yr Montana U.S.
Feb
2006 		Jan
2007 		Feb
2007		 Feb
2007 		Jan
2007 		Feb
2006		 Mar 15
2007		 Mar 15
2007
Winter Wheat
Durum Wheat
Spring Wheat
Wheat, All
Barley
Feed Barley
Malt Barley
Oats 1/ 		Bu.
Bu.
Bu.
Bu.
Bu.
Bu.
Bu.
Bu. 		3.56
3.25
3.79
3.62
2.76
1.73
2.90
1.62		 4.52
4.73
4.61
4.58
3.15
2.94
3.19
2.84		 4.65
5.12
4.78
4.74
3.18
3.07
3.20
N/A		 4.67
5.16
4.73
4.71
3.10
3.17
3.08
2.34		 +0.13
+0.39
+0.17
+0.16
+0.03
+0.13
+0.01
N/A		 +1.09
+1.87
+0.99
+1.12
+0.42
+1.34
+0.30
N/A		 4.65
5.56
4.92
4.83
3.47
3.33
3.50
N/A		 4.66
5.33
4.78
4.75
3.27
3.21
3.29
2.24
Alfalfa Hay
All Other Hay
All Hay Baled 		Ton
Ton
Ton 		66.00
68.00
66.00		 79.00
74.00
79.00		 80.00
75.00
79.00		 117.00
105.00
114.00		 +1.00
+1.00
0.00		 +14.00
+7.00
+13.00		 90.00
87.00
90.00		 120.00
108.00
117.00
Steer & Heifers
Cows
Beef Cattle 2/
Calves
Sheep 3/
Lambs 3/
All Milk		 Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.
Cwt.		 118.00
52.60
102.00
150.00
38.10
104.00
14.10		 93.80
44.80
85.50
113.00
35.50
97.60
14.40		 94.70
47.70
83.90
113.00
30.30
99.60
14.80		 91.50
47.00
86.60
117.00
36.50
95.40
14.90		 +0.90
+2.90
-1.60
0.00
-5.20
+2.00
+0.40		 -23.30
-4.90
-18.10
-37.00
-7.80
-4.40
+0.70		 100.00
48.90
91.80
121.00
N/A
N/A
15.30		 97.20
46.90
91.40
123.00
N/A
N/A
15.50
1/ Insufficient sales to establish a price. 2/ Composite of steers, heifers, and cows. 3/ Mid-month prices for sheep and lambs discontinued January 1996.
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