Agriculture/Agribusiness Corn prices — southern Minnesota
(dollars per bushel)
— 2013 — 2014 8 6
— 2013 — 2014 20
$14.23
8
$4.54
4
J
F
Source: USDA
M
A
M
J
J
A
Iowa-Minnesota hog prices
108
S
O
N
D
0
20
84
18
$81.84 F
M
A
M
J
M
A
A
S
O
N
J
D
Source: USDA
14
J
A
S
O
N
D
$23.65
$19.60
16
J
M
Minimum prices, class 1 milk Dollars per hundredweight
22
96
J
F
— 2013 — 2014 24
$119.03
72
J
Source: USDA
Milk prices
185 pound carcass, negotiated price, weighted average
— 2013 — 2014 120
60
$14.12
12
4
0
(dollars per bushel)
16
$6.56
2
Soybean prices — southern Minnesota
J
F
M
A
M
J
J
A
S
O
N
D
Source: USDA. Based on federal milk orders.
Corn and soybean prices are for rail delivery points in Southern Minnesota. Milk prices are for Upper Midwest points.
C. Sankey
market prices. Even though average 2013 net farm incomes were reduced compared to recent years, the overall average financial health of the FBM farm businesses remained very strong in 2013. Complete farm management results are available through the U of M Center for Farm Management FINBIN Program at: http://www.finbin.umn.edu/ MV Kent Thiesse is farm management analyst and vice president, MinnStar Bank, Lake Crystal. 507- 381-7960; kent.thiesse@minnstarbank.com
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MN Valley Business • may 2014 • 31