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Farmall & IHC Tractors Discussion Forum
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how high will milk/corn /beans get?

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jonnny2006

06-28-2007 17:20:54




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i don't know if im right or not but i bet the farmers that went with beans for the cash crop VS corn. i belive beans will the winner. also milk how high can it go? i would not mind paying 5 dollars a gallon for milk IF the farmers see the increases DIRECTLY... im lucky there is pleanty of early sweet corn and peas, apples, and other crops near as it is great having fresh food. i especally like the stears that have been fed only crack corn/mix instead of siledge. my dad would take his cattle in and the butcher wanted to buy the whole cow so they could sell it in there store as they said it was some of the tenderest red meat in a long time. I rember comming home from school going in the freezer and taking a porterhouse steak out to grill and picking fresh jublee sweet corn for a after school snack! i dint even need a knife! they were the best steaks i have ever had and have been looking for beef that good again.... any way what crop will be the real winner?

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Weldon K

06-29-2007 19:05:21




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 Re: how high will milk/corn /beans get? in reply to jonnny2006, 06-28-2007 17:20:54  
Regarding milk prices: Pay price for my May production was $19.10 per cwt. Subtract .96 per cwt for hauling, capital retain , adv. and promotion and CWT program leaves a net price of $18.14 per cwt. That is $1.56 per gallon. Price of milk in local food stores is over $4.00. Price of milk goes up a little to farmer-- price goes up much more in stores. Price to farmer drops to previous levels--price remains the same or drops very little in stores. There is way too much difference in farmer price and retail price. Milk is forecast to be over $20.00 soon. This could result in retail price reaching the $5.00 per gallon you mentioned. By the way, $20.00 farm price equals $1.64 per gallon. $5.00 gallon retail equals $58.10 per cwt.

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georgeky

06-28-2007 21:52:19




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 Re: how high will milk/corn /beans get? in reply to jonnny2006, 06-28-2007 17:20:54  
No matter, they are not going to let the farmer make much. Seems to me the rich folks and the gov't wants to keep us poor. Even at the recent higher price, the price of stuff we buy is eating it up. No way to win.



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Skinpine

06-28-2007 19:19:39




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 Re: how high will milk/corn /beans get? in reply to jonnny2006, 06-28-2007 17:20:54  
cbot Dec corn about $3.50, Nov beans about $8.30. Local basis will vary. Still good prices and many farmers have locked in better on corn. Wheat has been the best play and may be for next year where you can grow it.

Corn price driven by ethanol. Wheat by 2 years of less than average crops. Soybeans because so much corn was planted. Farmers who book ahead will have another year of this at least. That is if the weather cooperates. I"m sure we will grow ourselves out of these prices as we have in the past. As far as milk goes, it is about time the dairyman is getting some money for milk.

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MN Scott

06-28-2007 18:49:41




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 Re: how high will milk/corn /beans get? in reply to jonnny2006, 06-28-2007 17:20:54  
Better check the markets latelly. Corn and beans are in free fall. October corn at the elevator is now below $3. Beans have not fallen as bad but they have went down. Cattle have also dropped with fats in the 75-84$ range, not sure about milk I don't follow that.



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Butch WI

06-29-2007 03:55:49




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 Re: how high will milk/corn /beans get? in reply to MN Scott, 06-28-2007 18:49:41  
Milk is falling, futures down 40to 70 cents yesterday CME. All farmers should be prepared to be blamed for the higher food prices in the store. Joe Public hasn't got a clue where the food comes from and especially where the money goes! It's gonna be a bumpy ride for the next while!



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