All hay prices in Iowa averaged $161.00 per ton in August according to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report. This was $10.00 below the July price but $14.00 above the August 2022 price. The August 2023 alfalfa hay price, at $167.00, was $13.00 below the previous month but $16.00 above August 2022. The average price received for other hay during August was $140.00 per ton. This was $17.00 below the July price but $10.00 above August last year.
The average price for milk was $19.20 per cwt, $4.40 above the July price but $2.80 below August 2022.
The average price received by farmers for corn during August 2023 in Iowa was $5.77 per bushel. This was 56 cents below the July price and $1.63 below August 2022.
The complete report can be found on the USDA NASS website at www.nass.usda.gov/Publications.