Iowa Grain Prices Down for October

The preliminary August 2014 average price received by farmers for corn in Iowa was $3.50 per bushel according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This is down $0.56 from the July price, and $2.82 lower than August 2013.
The preliminary August 2014 average price received by farmers for soybeans, at $12.10 per bushel, was down $0.90 from the July price, and $2.10 lower than the August 2013 price.
The preliminary August oat price was $3.40 per bushel, down $0.54 from July, and $0.31 below August 2013. All hay prices in Iowa averaged $145.00 per ton in August, up $2.00 from the July price, but $44.00 per ton less than August 2013. Alfalfa hay prices fell $49.00 per ton from one year ago, to $156.00 and other hay prices were $28.00 per ton lower than last year, at $102.00.
The preliminary August average price was $24.40 per cwt for milk, up $0.60 from July, and $4.40 per cwt above one year ago.

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