January 2, 2008

**PRICES RECEIVED BY FLORIDA FARMERS**

Prices received by cattle producers in mid-December were mostly lower,
compared with the entire month of November. Hogs at \$34.00 per cwt were
\$1.00 more than November and \$3.00 lower than the previous year. The
mid-month price for cows at \$44.80 per cwt. was 70 cents below last
month, and \$1.10 less than a year earlier. Steers and heifers at
\$89.20 per cwt were \$2.20 below last month, but \$5.80 per cwt above
last year. Calves at \$104.00 per cwt were \$1.00 more than November
2007 and unchanged from the previous year.

The Florida milk price for December was \$24.80 per cwt, down 90 cents
from last month but \$8.30 more than a year earlier. The commercial
broiler price at 46.0 cents per pound was down one cent from November
but three cents more than December 2006. The December egg price, at
137.0 per dozen, was 20 cents more than the previous month and 71 cents
more than a year earlier.

**US PRICE INDEX**

The preliminary All Farm Products Index of Prices Received by Farmers in
December, at 151 percent, based on 1990-92=100, increased 5 points (3.4
percent) from November. The Crop Index is up 10 points (6.5 percent) but
the Livestock Index is unchanged. The All Farm Index and All Crop Index
are at record highs. Producers received higher commodity prices for
tomatoes, corn, soybeans, and wheat. Lower prices were received for
oranges, turkeys, snap beans, and broilers. The overall index is also
affected by the seasonal change based on a 3-year average mix of
commodities producers sell. Increased average marketings of wheat, milk,
oranges, and broilers offset decreased marketings of soybeans, cattle,
corn, and grapes.

The preliminary All Farm Products Index is up 31 points (26 percent)
from December 2006. The Food Commodities Index, at 158, increased 7
points (4.6 percent) from last month and increased 37 points (31
percent) from December 2006.

+-------------+--------+------+-------+------+------+-------+-------+
| **[Average  |        |      |       |      |      |       |       |
| price       |        |      |       |      |      |       |       |
| received by |        |      |       |      |      |       |       |
| farmers]{   |        |      |       |      |      |       |       |
| .smallcaps} |        |      |       |      |      |       |       |
| ^1/^**      |        |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Commodity   | Unit   | Flo  |       |      | Un   |       |       |
|             |        | rida |       |      | ited |       |       |
|             |        |      |       |      | St   |       |       |
|             |        |      |       |      | ates |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
|             |        | Dece | Nov   | Dece | Dece | Nov   | Dec   |
|             |        | mber | ember | mber | mber | ember | ember |
|             |        |      |       |      |      |       |       |
|             |        | 2006 | 2007  | 2007 | 2006 | 2007  | 2007  |
+-------------+--------+------+-------+------+------+-------+-------+
| [Meat       |        |      |       |      |      |       |       |
| animals]{.  |        |      |       |      |      |       |       |
| smallcaps}: |        |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Hogs        | \$ per | 3    | 33.00 | 3    | 4    | 38.20 | 39.50 |
|             | cwt.   | 7.00 |       | 4.00 | 3.50 |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Cows        | \$ per | 4    | 45.50 | 4    | 4    | 43.90 | 44.10 |
|             | cwt.   | 5.90 |       | 4.80 | 2.20 |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Steers &    | \$ per | 8    | 91.40 | 8    | 8    | 95.90 | 95.50 |
| heifers     | cwt.   | 3.40 |       | 9.20 | 9.00 |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Calves      | \$ per | 10   | 1     | 10   | 11   | 1     | 1     |
|             | cwt.   | 4.00 | 03.00 | 4.00 | 6.00 | 19.00 | 19.00 |
+-------------+--------+------+-------+------+------+-------+-------+
| [Milk]{.    |        |      |       |      |      |       |       |
| smallcaps}: |        |      |       |      |      |       |       |
| ^2/^        |        |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Sold to     | \$ per | 1    | 25.70 | 2    | 1    | 21.90 | 21.70 |
| plants, all | cwt.   | 6.50 |       | 4.80 | 4.20 |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| [Poultry:]{ |        |      |       |      |      |       |       |
| .smallcaps} |        |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Com\'l      | Cents  | 43.0 | 47.0  | 46.0 | 40.0 | 45.0  | 44.0  |
| broilers    | per    |      |       |      |      |       |       |
|             | lb.    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Table eggs  | Ce     | 66.0 | 117.0 | 1    | 66.5 | 118.0 | 128.0 |
|             | nts pe |      |       | 37.0 |      |       |       |
|             | r doz. |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| [Citrus, on |        |      |       |      |      |       |       |
| tree]{.     |        |      |       |      |      |       |       |
| smallcaps}: |        |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Oranges     | \$ per | 6.64 | 6.09  | 5.22 | 7.28 | 8.52  | 5.71  |
|             | box    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Grapefruit  | \$ per | 6.82 | 11.38 | 5.29 | 7.98 | 10.35 | 5.09  |
|             | box    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Tangerines  | \$ per | 1    | 9.28  | 7.12 | 1    | 15.27 | 14.68 |
|             | box    | 2.04 |       |      | 4.81 |       |       |
|             |        |      |       |      |      |       |       |
|             |        | 1    |       |      |      |       |       |
|             |        | 2.04 |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| [Field      |        |      |       |      |      |       |       |
| crops]{.    |        |      |       |      |      |       |       |
| smallcaps}: |        |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Potatoes    | \$ per | \*\* | \*\*  | \*\* | 6.79 | 6.47  | 6.75  |
|             | cwt    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Hay, baled  | \$ per | \*\* | \*\*  | \*\* | 11   | 1     | 1     |
|             | ton    |      |       |      | 0.00 | 31.00 | 33.00 |
+-------------+--------+------+-------+------+------+-------+-------+
| Tobacco,    | \$ per | \*\* | \*\*  | \*\* | \*\* | \*\*  | \*\*  |
| Type 11-37  | lb.    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Peanuts     | \$ per | \*\* | 0.207 | \*\* | 0    | 0.217 | 0.209 |
|             | lb.    |      |       |      | .176 |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Corn\*      | \$ per |      |       |      | 3.01 | 3.43  | 3.88  |
|             | bu.    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Oats\*      | \$ per |      |       |      | 2.01 | 2.73  | 2.71  |
|             | bu.    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Cotton\*    | Cents  |      |       |      | 49.0 | 57.0  | 57.2  |
|             | per    |      |       |      |      |       |       |
|             | lb.    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Sorghum\*   | \$ per |      |       |      | 6.09 | 6.26  | 6.90  |
|             | cwt    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Soybeans\*  | \$ per |      |       |      | 6.18 | 9.41  | 10.40 |
|             | bu.    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| Wheat,      | \$ per |      |       |      | 4.53 | 7.32  | 9.22  |
| Winter\*    | bu.    |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+
| ^1/^ Eggs,  |        |      |       |      |      |       |       |
| broilers    |        |      |       |      |      |       |       |
| and hay     |        |      |       |      |      |       |       |
| prices are  |        |      |       |      |      |       |       |
| midmonth    |        |      |       |      |      |       |       |
| estimates.  |        |      |       |      |      |       |       |
| Prices for  |        |      |       |      |      |       |       |
| the latest  |        |      |       |      |      |       |       |
| month for   |        |      |       |      |      |       |       |
| grains and  |        |      |       |      |      |       |       |
| soybeans    |        |      |       |      |      |       |       |
| are         |        |      |       |      |      |       |       |
| midmonth    |        |      |       |      |      |       |       |
| estimates.  |        |      |       |      |      |       |       |
| Prices for  |        |      |       |      |      |       |       |
| most meat   |        |      |       |      |      |       |       |
| animals are |        |      |       |      |      |       |       |
| first half  |        |      |       |      |      |       |       |
| of month    |        |      |       |      |      |       |       |
| and other   |        |      |       |      |      |       |       |
| estimates   |        |      |       |      |      |       |       |
| are for the |        |      |       |      |      |       |       |
| entire      |        |      |       |      |      |       |       |
| month.      |        |      |       |      |      |       |       |
|             |        |      |       |      |      |       |       |
| ^2/^ Before |        |      |       |      |      |       |       |
| deductions  |        |      |       |      |      |       |       |
| for hauling |        |      |       |      |      |       |       |
| and         |        |      |       |      |      |       |       |
| government  |        |      |       |      |      |       |       |
| w           |        |      |       |      |      |       |       |
| ithholding, |        |      |       |      |      |       |       |
| and         |        |      |       |      |      |       |       |
| includes    |        |      |       |      |      |       |       |
| quantity    |        |      |       |      |      |       |       |
| and other   |        |      |       |      |      |       |       |
| premiums,   |        |      |       |      |      |       |       |
| but         |        |      |       |      |      |       |       |
| excludes    |        |      |       |      |      |       |       |
| hauling     |        |      |       |      |      |       |       |
| subsidies.  |        |      |       |      |      |       |       |
|             |        |      |       |      |      |       |       |
| \* Only     |        |      |       |      |      |       |       |
| marketing   |        |      |       |      |      |       |       |
| year        |        |      |       |      |      |       |       |
| average     |        |      |       |      |      |       |       |
| prices are  |        |      |       |      |      |       |       |
| estimated   |        |      |       |      |      |       |       |
| for         |        |      |       |      |      |       |       |
| Florida,    |        |      |       |      |      |       |       |
| except oats |        |      |       |      |      |       |       |
| and sorghum |        |      |       |      |      |       |       |
| which are   |        |      |       |      |      |       |       |
| not         |        |      |       |      |      |       |       |
| estimated.  |        |      |       |      |      |       |       |
|             |        |      |       |      |      |       |       |
| \*\* Not    |        |      |       |      |      |       |       |
| estimated   |        |      |       |      |      |       |       |
| this month. |        |      |       |      |      |       |       |
+-------------+--------+------+-------+------+------+-------+-------+

**HIGHLIGHTS\--U.S. PRICES RECEIVED INDEXES**

**[All Crops]{.smallcaps}**

The December Index is 165, up 6.5 percent from November and 31 percent
above December 2006 Index increases for food grain, commercial
vegetables, feed grains and hay, and oil-bearing crops, more than offset
the Index decreases for fruit and nuts.

**[Food Grains]{.smallcaps}**: The December Index, at 290, is 28 percent
above the previous month and 92 percent above a year ago. The December
all wheat price, at \$9.41 per bushel, is up \$2.05 from November and
\$4.89 above December 2006

**[Feed Grains & Hay]{.smallcaps}**: The December Index is 172, up 12
percent from last month and 27 percent above a year ago. The corn price,
at \$3.88 per bushel, is up 45 cents from last month and 87 cents above
December 2006. The all hay price, at \$133 per ton, is up \$2.00 from
November and up \$23.00 from last December. Grain sorghum, at \$6.90 per
cwt, is 64 cents above November and 81 cents above December last year.

**[Oil-Bearing Crops]{.smallcaps}**: The December Index, at 183, is up
12 percent from November but 63 percent higher than December 2006. The
soybean price, at \$10.40 per bushel, decreased 99 cents from November
and is \$4.22 above December 2006.

**COTTON**: The December Index, at 94, is unchanged from November but 16
percent above last year. The December price, at 57.2 cents per pound, is
up 0.2 cent from the previous month and 8.2 cents above last December.

**POTATOES & DRY BEANS:** The December Index, at 120, is up 1.7 percent
from last month and 3.4 percent above December 2006. The all potato
price, at \$6.75 per cwt, is up 28 cents from November but down 4 cents
from last December. The all dry bean price, at \$27.20 per cwt, is down
\$1.20 from the previous month but \$5.40 above December 2006.

**FRUITS & NUTS**: The December Index, at 159, is down 11 percent from
November but 3.9 percent higher than a year ago. Price decreases for
oranges, grapefruit, lemons, and pears more than offset price increases
for grapes, strawberries, and apples.

**COMMERCIAL VEGETABLES**: The December Index, at 237, is up 17 percent
from last month and 57 percent above December 2006. Price increases
during December for tomatoes, lettuce, cauliflower, and sweet corn more
than offset price declines for snap beans, celery, cucumbers, and
onions.

**LIVESTOCK & PRODUCTS**

The December Index, at 136, is unchanged from last month but up 20
percent from December 2006. Compared with a year ago, prices are higher
for milk, eggs, cattle, broilers, turkeys, and calves. The price for
hogs is down from last year.

**MEAT ANIMALS**: The December Index, at 113, is down 1.7 percent from
last month but 3.7 percent higher than last year. The December hog
price, at \$39.50 per cwt, is up \$1.30 from November but \$4.00 lower
than a year ago. The December beef cattle price of \$89.10 per cwt is
down 60 cents from last month but \$6.00 higher than December 2006.

**DAIRY PRODUCTS**: The December Index, at 166, is down 1.2 percent from
a month ago but 52 percent higher than December last year. The December
all milk price of \$21.70 per cwt is down 20 cents from last month but
up \$7.50 from December 2006. The fluid grade milk price is down 20
cents but the manufacturing grade milk price is unchanged from the
previous month.

**POULTRY & EGGS**: The December Index, at 154, is down 0.6 percent from
November but 24 percent above a year ago. The December market egg price,
at \$1.28 per dozen, increased 10.0 cents from November and is 61.5
cents above December 2006. The December broiler price, at 44.0 cents per
pound, is down 1.0 cent from November but 4.0 cents above a year ago.
The December turkey price, at 52.6 cents per pound, is down 9.0 cents
from the previous month but up 9.9 cents from a year earlier.

<table>
<colgroup>
<col style="width: 8%" />
<col style="width: 9%" />
<col style="width: 8%" />
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<col style="width: 8%" />
<col style="width: 9%" />
<col style="width: 9%" />
<col style="width: 8%" />
<col style="width: 9%" />
<col style="width: 9%" />
</colgroup>
<tbody>
<tr class="odd">
<td colspan="11"><p><strong><span class="smallcaps">Prices Received for
Selected Agricultural Commodities, by months,</span></strong></p>
<p><strong><span class="smallcaps">United States, 2006 and
2007</span></strong></p></td>
</tr>
<tr class="even">
<td rowspan="2">Month</td>
<td colspan="2">All wheat</td>
<td colspan="2">Corn</td>
<td colspan="2">Soybeans</td>
<td colspan="2">Beef cattle <sup>1/</sup></td>
<td colspan="2">All hogs</td>
</tr>
<tr class="odd">
<td>2006</td>
<td>2007 <sup>2/</sup></td>
<td>2006</td>
<td>2007 <sup>2/</sup></td>
<td>2006</td>
<td>2007 <sup>2/</sup></td>
<td>2006</td>
<td>2007 <sup>2/</sup></td>
<td>2006</td>
<td>2007 <sup>2/</sup></td>
</tr>
<tr class="even">
<td> </td>
<td colspan="6"><em>Dollars per bushel</em></td>
<td colspan="4"><em>Dollars per cwt</em></td>
</tr>
<tr class="odd">
<td>Jan</td>
<td>3.52</td>
<td>4.53</td>
<td>2.00</td>
<td>3.05</td>
<td>5.87</td>
<td>6.37</td>
<td>95.00</td>
<td>84.30</td>
<td>40.70</td>
<td>42.70</td>
</tr>
<tr class="even">
<td>Feb</td>
<td>3.66</td>
<td>4.71</td>
<td>2.02</td>
<td>3.44</td>
<td>5.67</td>
<td>6.87</td>
<td>92.40</td>
<td>86.60</td>
<td>42.60</td>
<td>47.30</td>
</tr>
<tr class="odd">
<td>Mar</td>
<td>3.79</td>
<td>4.75</td>
<td>2.06</td>
<td>3.43</td>
<td>5.57</td>
<td>6.95</td>
<td>87.90</td>
<td>92.00</td>
<td>42.80</td>
<td>45.00</td>
</tr>
<tr class="even">
<td>Apr</td>
<td>3.81</td>
<td>4.89</td>
<td>2.11</td>
<td>3.39</td>
<td>5.52</td>
<td>6.88</td>
<td>84.80</td>
<td>94.30</td>
<td>41.30</td>
<td>47.30</td>
</tr>
<tr class="odd">
<td>May</td>
<td>4.09</td>
<td>4.88</td>
<td>2.17</td>
<td>3.49</td>
<td>5.68</td>
<td>7.12</td>
<td>82.20</td>
<td>93.20</td>
<td>48.20</td>
<td>53.00</td>
</tr>
<tr class="even">
<td>Jun</td>
<td>3.98</td>
<td>5.03</td>
<td>2.14</td>
<td>3.53</td>
<td>5.62</td>
<td>7.51</td>
<td>84.00</td>
<td>89.10</td>
<td>53.80</td>
<td>54.30</td>
</tr>
<tr class="odd">
<td>Jul</td>
<td>3.88</td>
<td>5.17</td>
<td>2.14</td>
<td>3.32</td>
<td>5.61</td>
<td>7.56</td>
<td>85.80</td>
<td>89.20</td>
<td>50.20</td>
<td>52.20</td>
</tr>
<tr class="even">
<td>Aug</td>
<td>3.91</td>
<td>5.64</td>
<td>2.09</td>
<td>3.26</td>
<td>5.23</td>
<td>7.72</td>
<td>87.20</td>
<td>91.70</td>
<td>51.60</td>
<td>51.60</td>
</tr>
<tr class="odd">
<td>Sep</td>
<td>4.06</td>
<td>6.75</td>
<td>2.20</td>
<td>3.29</td>
<td>5.23</td>
<td>8.18</td>
<td>90.00</td>
<td>92.90</td>
<td>48.90</td>
<td>46.60</td>
</tr>
<tr class="even">
<td>Oct</td>
<td>4.59</td>
<td>7.65</td>
<td>2.55</td>
<td>3.29</td>
<td>5.52</td>
<td>8.36</td>
<td>88.20</td>
<td>90.60</td>
<td>46.50</td>
<td>42.10</td>
</tr>
<tr class="odd">
<td>Nov</td>
<td>4.59</td>
<td>7.36</td>
<td>2.88</td>
<td>3.43</td>
<td>6.08</td>
<td>9.41</td>
<td>84.40</td>
<td>89.70</td>
<td>44.90</td>
<td>38.20</td>
</tr>
<tr class="even">
<td>Dec</td>
<td>4.52</td>
<td>9.41</td>
<td>3.01</td>
<td>3.88</td>
<td>6.18</td>
<td>10.40</td>
<td>83.10</td>
<td>89.10</td>
<td>43.50</td>
<td>39.50</td>
</tr>
<tr class="odd">
<td colspan="11"><p><sup>1/</sup> Cows, steers, and heifers.</p>
<p><sup>2/</sup> Current month prices are mid-month; prices for previous
months are for the entire month.</p></td>
</tr>
</tbody>
</table>