Dakota Farmer

North Dakota State University Extension has posted 2020 planning prices for grain and livestock.

March 5, 2020

1 Min Read
hand pointing to a spread sheet on computer screen
2020 PLANNING: North Dakota State University's short-term planning prices can be used for preparing annual enterprise budgets and annual whole-farm cash flow projections.jxfzsy/getty images

North Dakota State University Extension recently published its 2020 crop and livestock planning prices. Do they match what are using in your budgets?

The 2020 planning prices are:

Crops

  • Corn. $3.35 per bushel

  • Soybean. $8.20 per bushel

  • Spring wheat. $5 per bushel

  • Durum. $5.50 per bushel

  • Winter wheat. $4.25 per bushel

  • Oats. $2 per bushel

  • Feed barley. $2.40 per bushel

  • Malting barley. $3.30 per bushel

  • Oil sunflower. $17.50 per cwt

  • Non-oil sunflower. $24 per cwt

  • Canola. $16.50 per cwt

  • Flaxseed. $9 per bushel

  • Dry beans. $27 per cwt

  • Dry peas. $10 per cwt

  • Lentils. $14 per cwt

  • Alfalfa hay. $90 per ton

  • Mixed hay. $68 per ton

Livestock and milk

  • 400-500 pound beef steers. $185 per cwt (fourth quarter 2020 prices)

  • 500-600 pound beef steers. $168 per cwt (fourth quarter 2020 prices)

  • 600-700 pound beef steers. $158 per cwt (fourth quarter 2020 prices)

  • 700-800 pound beef steers. $148 per cwt (first quarter 2021 prices)

  • 800-900 pound beef steers. $143 per cwt (first quarter 2021 prices)

  • 1100-1700 pound cull cows. $65 per cwt

  • 400-700 pound heifers. Subtract $15 per cwt from beef steer prices)

  • 700-900 pound heifers. Subtract $6 per cwt from beef steer prices)

  • 250 pound slaughter hogs. $55 per cwt

  • Slaughter ewes. $50 per cwt

  • 105-140 pound slaughter lambs. $156 per cwt

  • 60-90 pound feeder lambs. $180 per cwt

  • All milk. $20 per cwt

How to use them

NDSU’s short-term planning prices can be used for preparing annual enterprise budgets and annual whole-farm cash flow projections, but they should not be used for planning capital purchases or expansion alternatives that would extend beyond the next production year, says Ron Haugen, NDSU farm management specialist.

Visit NDSU online to learn more.

Source: NDSU, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.

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