Mixed Picture for Ag Prices in Wisconsin for November 2023

Wednesday, January 3rd, 2024 -- 10:01 AM

(Wisconsin Ag Connection) The latest USDA report on agricultural prices in Wisconsin paints a mixed picture for November 2023.

According to the Wisconsin Ag Connection, while some crops, like hay, saw price increases compared to both October and the previous year, others like corn and oats continued their downward trend.

Corn: The average price received by farmers for corn dropped significantly, coming in at $4.40 per bushel in November. This represents a 40-cent decline from October and a $1.68 plunge compared to November 2022.

Soybeans: Despite a slight dip from the previous year ($1.20), soybeans offered some positive news for Wisconsin farmers. The November average price of $12.80 per bushel was 40 cents higher than October.

Oats: Joining corn in the decline, oats averaged $3.34 per bushel in November, marking a 63-cent drop from October and a $1.27 dip from the same month in 2022.

Hay: November brought brighter news for hay producers, with all hay prices averaging $184.00 per ton. This was a $16.00 increase over October and a $11.00 jump compared to November 2022. Both alfalfa hay and other hay varieties saw similar increases, with alfalfa reaching $196.00 per ton and other hay averaging $140.00 per ton.

Milk: Dairy farmers saw a small price increase in November, with the average price for milk reaching $19.80 per cwt. This represented a 40-cent gain from October, but still fell $4.20 short of the November 2022 price.

Overall, the November 2023 agricultural price report for Wisconsin offers a mixed bag for farmers. While hay prices brought positive news, corn and oats continued their downward trend, and milk prices, despite a slight increase, remained below the previous year's level.

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