Most crop prices fell in December

DES MOINES — The average price received by farmers for corn during December 2023 in Iowa was $4.89 per bushel according to the latest USDA, National Agricultural Statistics Service — Agricultural Prices report. This was 15 cents above the November price but $1.80 below December 2022.

The December 2023 average price received by farmers for soybeans, at $13.00 per bushel, was 20 cents below the November price and $1.50 below the December 2022 price.

All hay prices in Iowa averaged $169.00 per ton in December. This was $13.00 below the November price and $6.00 below the December 2022 price. The December 2023 alfalfa hay price, at $181.00, was $8.00 below the previous month and $5.00 below December 2022. The average price received for other hay during December was $151.00 per ton. This was $2.00 above the November price but $3.00 below December last year.

The average price for milk was $19.10 per cwt, 50 cents below the November price and $4.90 below December 2022. Prices received for milk cows for dairy herd replacement averaged $1,860 per head as of Jan. 1, 2024.

Comments: Kalen.McCain@southeastiowaunion.com