Iowa Milk Prices Up From February

All hay prices in Iowa averaged $183.00 per ton in March according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. . This was $10.00 above the February price and $24.00 above the March 2022 price. The March 2023 alfalfa hay price, at $189.00, was $10.00 above the previous month and $24.00 above March 2022. The average price received for other hay during March was $162.00 per ton. This was $10.00 above the February price and $27.00 above March last year.

The average price for milk was $20.20 per cwt, 60 cents above the February price but $5.50 below March 2022. Prices received for milk cows for dairy herd replacement averaged $1,700 per head as of April 1, 2023.

The average price received by farmers for corn during March 2023 in Iowa was $6.70 per bushel. This was 13 cents below the February price but 11 cents above March 2022.

The March 2023 average price received by farmers for soybeans, at $14.90 per bushel, was 10 cents below the February price and 10 cents below the March 2022 price.

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