USDA: corn and soy prices fell in October

DES MOINES — The average price received by farmers for corn during October 2023 in Iowa was $4.96 per bushel according to the latest USDA, National Agricultural Statistics Service — Agricultural Prices report. This was 26 cents below the September price and $1.57 below October 2022.

The October 2023 average price received by farmers for soybeans, at $12.60 per bushel, was 50 cents below the September price and 80 cents below the October 2022 price.

All hay prices in Iowa averaged $170 per ton in October. This was $1.00 above the September price and $7.00 above the October 2022 price. The October 2023 alfalfa hay price, at $185.00, was $10.00 above the previous month and $11.00 above October 2022. The average price received for other hay during October was $147.00 per ton. This was $2.00 below the September price but $5.00 above October last year.

The average price for milk was $19.60 per cwt, 20 cents below the September price and $4.80 below October 2022.