Farm Prices Climb for Seventh Straight Month
Washington--Farm prices rose for the seventh straight month in January, according to the Agricultural Prices Report released Monday by the Agriculture Department’s National Agricultural Statistics Service. Prices rose for corn, cattle, wheat and soybeans but fell for eggs, turkeys, milk and broilers.
The corn price, at $5.37 per bushel, is up 55 cents from December and $1.71 above January 2010. The soybean price, at $12.60 per bushel, increased $1 from December and is $2.81 above January 2010. The January all-wheat price, at $7.40 per bushel, is up 95 cents from December and $2.50 above January 2010, and the January upland cotton price, at 82.9 cents per pound, is up two cents from the previous month and 22.1 cents above last January.