Corn, soy, most hay prices on rise

DES MOINES — The average price received by farmers for corn during February, 2023 in Iowa was $6.83 per bushel according to the latest USDA, National Agricultural Statistics Service — Agricultural Prices report. This was 9 cents above the January price and 72 cents above February 2022.

The February 2023 average price received by farmers for soybeans, at $15.00 per bushel, was 40 cents above the January price and 50 cents above the February 2022 price.

All hay prices in Iowa averaged $173.00 per ton in February. This was $4.00 above the January price and $19.00 above the February 2022 price. The February 2023 alfalfa hay price, at $179.00, was $1.00 above the previous month and $23.00 above February 2022. The average price received for other hay during February was $152.00 per ton. This was $1.00 below the January price but $8.00 above February last year.

The average price for milk was $19.60 per cwt, $1.60 below the January price and $4.50 below February 2022.