Iowa October Milk Down 20 Cents From September

According to the latest USDA, National Agricultural Statistics Service – Agricultural Prices report.  The average price for milk dairymen received was $19.60 per cwt, 20 cents below the September price and $4.80 below October 2022.

All hay prices in Iowa averaged $170.00 per ton in October. This was $1.00 above the September price and $7.00 above the October 2022 price. The October 2023 alfalfa hay price, at $185.00, was $10.00 above the previous month and $11.00 above October 2022. The average price received for other hay during October was $147.00 per ton. This was $2.00 below the September price but $5.00 above October last year.

The average price received by farmers for corn during October 2023 in Iowa was $4.96 per bushel. This was 26 cents below the September price and $1.57 below October 2022.

The October 2023 average price received by farmers for soybeans, at $12.60 per bushel, was 50 cents below the September price and 80 cents below the October 2022 price.

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