GX_GR120 Des Moines, IA Tue, Dec 28, 2011 USDA Market News Eastern Cornbelt Organic Grain & Feedstuffs Report (Bi-Weekly) Weighted Average Report for the Week Ending 12/24/11 For the following states: IL, IN, OH, MI, PA, NC, NY ***ATTENTION*** This report will be discontinued as of January 1, 2012. All of the information contained here will be available in one combined nationwide report, the National Organic Grain and Feedstuffs report, found here: http://www.ams.usda.gov/mnreports/lsbnof.pdf **This report for the week ending 12/24/11 is being released early due to the holidays. Prices from the most current report are located below. Updated monthly and quarterly prices for the end of 2011 are included.** Compared to two weeks ago, organic grain and feedstuffs prices were mostly firm with the exception of feed grade corn and feed grade oats, which were slightly higher. The bulk of the corn market was 11.00-12.50/bushel, with the higher range of the market found in the far northeast. Offerings of organic grains this period were light, with moderate demand reported due to the holiday season. Most in the market are expecting market activity to increase after the first of the year. Livestock producers are said to be searching for more feed grade wheat due to the current corn prices. Monthly and quarterly prices are located below. All prices FOB the farm and negotiated spot market. FOB FOB Price/Bushel Weighted Average 12/10/11 11/26/11 12/25/10 Organic Corn Food Yellow 6.79 Feed Yellow 11.00- 13.80 12.42 12.28 6.66 Organic Soybeans Food Grade 22.00- 22.00 22.00 22.00 Feed Grade 19.05- 22.00 20.49 20.51 16.92 Meal ($/ton) 890.00- 900.00 893.75 Roasted ($/ton) 968.00 Organic Oats Feed Grade 5.50- 6.72 6.07 5.83 Organic Barley Feed Grade 10.48- 10.48 10.48 10.47 Organic Brown Flax Food Grade 27.95 Feed Grade Organic Golden Flax Food Grade Feed Grade Organic Wheat Food Grade HRS Feed Grade HRS Food Grade SRW 10.00- 12.00 10.40 Feed Grade SRW 10.02 6.74 Food Grade HRW Feed Grade HRW Food Grade SWW Food Grade HWW Food Grade Durum Organic Rye Feed Grade Organic Field Peas Feed Grade ============================================================================== Organic Alfalfa Per Ton/FOB Supreme Premium Good Fair Utility Organic Grass Hay Premium Good Fair Organic Straw 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 Sale (usage). ============================================================================== Monthly and Quarterly Organic Prices (Weighted Average) Dec 11 Nov 11 Dec 10 4th Qtr 2011 Food Grade Corn 6.84 Feed Grade Corn 12.42 12.12 6.51 12.12 Food Grade Soybeans 22.00 23.15 20.25 22.27 Feed Grade Soybeans 20.49 20.22 16.40 20.10 Roasted Soybeans (ton) 968.00 968.00 Soybean Meal (ton) 893.75 850.00 846.28 Feed Grade Oats 6.07 5.83 2.84 5.99 Feed Grade Barley 10.48 10.00 4.76 10.67 Food Grade Brown Flax 27.95 27.95 Feed Grade Brown Flax 26.50 Food Grade Golden Flax Feed Grade Golden Flax 29.50 Food Grade Wheat (HRS) Feed Grade Wheat (HRS) Food Grade Wheat (SRW) 10.40 9.99 10.19 Feed Grade Wheat (SRW) 8.62 6.63 9.28 Food Grade Wheat (HRW) 11.50 Feed Grade Wheat (HRW) 9.51 Food Grade Wheat (SWW) 11.50 Food Grade Wheat (HWW) 12.25 Food Grade Durum Wheat Food Grade Rye Feed Grade Rye Feed Grade Peas 15.00 Mid Oleic Sunflowers ============================================================================== Developed in partnership with the University of Minnesota, Endowed Chair in Agricultural Systems, School of Agriculture. Source: USDA Market News Service, Des Moines, IA Jodee Inman, Market Reporter Phone: 515-284-4460 Email: desm.lgmn@ams.usda.gov 24 Hour recorded market information 515-284-4830 www.ams.usda.gov/LSMarketNews 1500C JRI