Weighted Average Report for
Week Ending 11/1/2008
Compared to two weeks ago,
organic grain and feedstuff prices were
steady to lower. Demand was light for light to moderate
offerings.
The state of mind for many
producers is occupied with completing harvest
and fall tillage not marketing
organic grains. Trading activity was
very light with some organic
handlers currently out of the market until
buying interest improves. Feed grade corn was slightly lower, wheat and
soybeans steady. October monthly and 3rd quarter averages of
organic prices
located below. All prices FOB the farm and negotiated spot
market.
FOB FOB
Price/Bu WEIGHTED AVERAGE
11/1/08 10/18/08 11/3/07
Organic Corn
Food Yellow
Feed Yellow 9.10-10.00 9.29
10.30 9.46
Organic Soybeans
Food Grade
Feed Grade 21.00-25.00 21.70
21.92 16.49
Soybean Meal(per/ton)
697.00
Organic Barley
Feed Grade
Organic Oats
Food Grade
Feed Grade 5.00-5.40 5.24 5.60
4.40
Organic Wheat
Food Grade (SWW)
Food Grade (SRW)
Feed Grade
Organic Peas
Feed Grade
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Organic Alfalfa Per
Ton/FOB
Supreme
Premium
Good
Fair
Utility
Organic Grass Hay
Premium
Good
Fair
Utility
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Monthly and Quaterly Organic Prices
OCT 08 SEP O8 AUG 08
3rd Qtr 08
Food Grade Wheat (SRW) 15.50 15.04 14.99
Food Grade Wheat (SWW) 14.90 14.90
Feed Grade Wheat 10.39 10.39 10.30
10.34
Food Grade White Corn 12.25 12.25 12.39
Feed Grade Corn 10.85 10.85 11.88
11.39
Food Grade Soybeans
Feed Grade Soybeans 26.19 26.19 28.25
27.48
Feed Grade Barley 7.79 7.79 9.60
8.47
Soybean Meal (per/ton)
Feed Grade Oats 5.47 5.47 5.63
5.56
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Table 1: Alfalfa guidelines (for
domestic livestock use and not more
than 10%
grass)
Quality
ADF NDF *RFV
**TDN-100% **TDN-90% CP
Supreme <27
<34 >185 >62 >55.9 >22
Premium 27-29
34-36 170-185 60.5-62
54.5-55.9 20-22
Good 29-32
36-40 150-170 58-60
52.5-54.5 18-20
Fair 32-35
40-44 130-150 56-58
50.5-52.5 16-18
Utility >35
>44 <130 <56 <50.5 <16
*RFV calculated using the Wis/Minn formula.
**TDN calculated using the
western formula.
Quantitative factors are
approximate, and many factors can affect
feeding value. Values based on 100 %
dry matter (TDN showing both 100%
&
90%). Guidelines are to be used with visual
appearance and intent of
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Source: USDA-Illinois Dept
Ag Market News,
Cordell Givens, Market Reporter.
ams.usda.gov