DTN Retail Fertilizer Trends
OMAHA (DTN) -- Retail fertilizer prices continued to move just slightly lower the second full week of June 2022, according to retailers surveyed by DTN. This is the third week in a row that most prices were less expensive.
Seven of the eight major fertilizers prices were lower compared to last month, but none were down a considerable amount. DTN designates a significant move as anything 5% or more.
DAP had an average price of $1,046 per ton, MAP $1,074/ton, potash $879/ton, urea $961/ton, 10-34-0 $905/ton, anhydrous $1,516/ton and UAN28 $630/ton.
One fertilizer was slightly more expensive compared to last month but nothing significant. UAN32 had an average price of $730/ton.
On a price per pound of nitrogen basis, the average urea price was at $1.04/lb.N, anhydrous $0.92/lb.N, UAN28 $1.13/lb.N and UAN32 $1.14/lb.N.
While high fertilizer prices affect crop producers, they also affect those who have pasture and graze livestock. In a post titled "Fertilizer Prices and Pasture/Grazing Management" from Penn State University (PSU) Extension (https://extension.psu.edu/…), those with pasture can implement certain practices to limit their exposure to expensive nutrients.
As with all crops, soil testing remains an important guide to fertility management. Pastures with lower-than-optimal pH should be given priority in the fertilizer budget, the PSU report said.
Manure could be another way around having to purchase expensive commercial fertilizer.
"Manure from wintering barns can be applied on pastures that are deficient in phosphorus and potassium," the PSU report said.
An efficient rotational grazing system will foster nutrient distribution in pastures. Moving livestock to a new paddock every few days will help to distribute manure and urine more efficiently.
Pasture managers can plant legumes within grass pastures to limit their needs on nitrogen fertilizer, according to the report. These plants will limit the amount of nitrogen grasses will need, as legumes will create some nitrogen.
Most fertilizers continue to be considerably higher in price than one year ago.
10-34-0 is 46% more expensive, MAP is 49% higher, DAP is 58% more expensive, UAN28 is 73% higher, UAN32 is 76% more expensive, urea is 81% is higher, potash is 94% higher and anhydrous is 111% more expensive compared to last year.
DTN gathers fertilizer price bids from agriculture retailers each week to compile the DTN Fertilizer Index. DTN first began reporting data in November 2008.
In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….
An agreement to extend a $2 million partial trade agreement in the African country of Ghana will help the country's farmers have access to more fertilizer. You can read about it here: https://www.dtnpf.com/….
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Russ Quinn can be reached at Russ.Quinn@dtn.com
Follow him on Twitter @RussQuinnDTN
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