Pulse Price Report, Oct. 16

Crop prices (Oct. 12)

Rio Creek Feed Mill – Algoma

Fox River Valley Ethanol – Green Bay

 Basis: The difference between the local cash price for a commodity and the Chicago cash price (where the Board of Trade sets national futures price).

“The USDA has updated its crop production expectations for this year and it still has Wisconsin’s corn crop breaking an all-time record for overall yield. Based on conditions as of Oct. 1, yields are expected to average 164 bushels per acre, up eight bushels per acre from last year and two bushels above the September forecast. If realized, it will top the previous record of 162 bushels per acre set in 2010.” ~ Wisconsin Corn Growers Association

Gas Price Averages

United States: $2.31

United State one year ago: $3.21

Wisconsin: $2.51

Wisconsin one year ago: $3.24

Northern Door: $2.57

Sturgeon Bay: $2.48

Other Commodities

Gold: $1,161.20/troy ounce

Silver: $15.88/troy ounce

Oil: $48.79/barrel

Live Cattle: $1.38/pound

Lean Hogs: $0.67/pound

Sources: aaa.com, agweb.com, gasbuddy.com, cnn.money