Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters
Are your planning prices realistic?
North Dakota State University Extension has posted 2020 planning prices for grain and livestock.
March 5, 2020
1 Min Read
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.
You May Also Like
Enter a zip code to see the weather conditions for a different location.
Recommended
Aug 27 - Aug 29, 2024
Aug 27 - Aug 29, 2024
The nation’s largest outdoor farm event that annually hosts over 600 exhibitors from around the world.
LEARN MORE