03 May 2012
April Farm Prices Received Index Down 7 Points
The preliminary All Farm Products Index of Prices Received by Farmers in April, at 177 percent, based on 1990-1992=100, decreased 7 points (3.8 percent) from March. The Crop Index is down 5 points (2.4 percent) and the Livestock Index decreased 7 points (4.4 percent). Producers received lower prices for broilers, corn, cattle, and eggs and higher prices for soybeans, onions, hay, and oranges. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of cattle, strawberries, milk, and broilers offset the decreased marketing of soybeans, corn, wheat, and cotton.
The preliminary All Farm Products Index is up 1 point (0.6 percent) from April 2011. The Food Commodities Index, at 166, decreased 5 points (2.9 percent) from last month but is unchanged from April 2011.
Prices Paid Index Unchanged
The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 21 percent of the 1990 1992 average. The index is unchanged from March but 10 points above (4.9 percent) April 2011. Higher prices in April for complete feeds, concentrates, hay & forages, and supplements offset lower prices for feeder cattle, feeder pigs, feed grains, and LP gas.
Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 1990-1992 Base – United States: April 2012 with Comparisons
Prices Received by Farmers
The April All Farm Products Index is 177 percent of its 1990-1992 base, down 3.8 percent from the March index but 0.6 percent above the April 2011 index.
All crops: The April index, at 205, decreased 2.4 percent from March but is 2.5 percent above April 2011. Index decreases for feed grains & hay and food grains more than offset the index increases for oilseeds, fruits & nuts, and commercial vegetables.
Food grains: The April index, at 223, is down 1.8 percent from the previous month and 8.6 percent below a year ago. The April price for all wheat, at $6.87 per bushel, is down 32 cents from March and $1.14 below April 2011.
Feed grains & hay: The April index, at 265, declined 2.2 percent from last month but is 0.8 percent higher than a year ago. The corn price, at $6.14 per bushel, is down 21 cents from last month and 22 cents below April 2011. The all hay price, at $190 per ton, is up $47.00 from March and $9.00 from last April. Sorghum grain, at $10.40 per cwt, is 50 cents below March and down $1.30 from April last year.
Cotton, Upland: The April index, at 151, is up 1.3 percent from March and 5.6 percent above last year. The April price, at 91.6 cents per pound, is up 1.4 cents from the previous month and 4.9 cents from last April.
Oilseeds: The April index, at 247, is up 6.0 percent from March and 5.1 percent higher than April 2011. The soybean price, at $13.80 per bushel, increased 80 cents from March and is 70 cents above April 2011.
Fruits & nuts: The April index, at 169, is up 4.3 percent from March and 17 percent higher than a year ago. Price increases for oranges and strawberries more than offset the price decrease for apples.
Commercial vegetables: The April index, at 130, is up 4.8 percent from last month but 18 percent below April 2011. Price increases during April for onions and lettuce more than offset price declines for sweet corn and tomatoes.
Potatoes & dry beans: The April index, at 192, is up 5.5 percent from last month and 2.1 percent above April 2011. The all potato price, at $10.57 per cwt, is up 59 cents from March but down 60 cents from last April. The all dry bean price, at $47.90 per cwt, is up 80 cents from the previous month and $16.10 higher than April 2011.
Livestock and products: The April index, at 153, is down 4.4 percent from last month and 1.9 percent from April 2011. Compared with a year ago, prices are lower for milk, eggs, and hogs. Prices for cattle, broilers, calves, and turkeys are up from last year.
Meat animals: The April index, at 163, is down 1.8 percent from last month but 3.2 percent higher than last year. The April hog price, at $62.60 per cwt, is down $2.60 from March and $5.20 lower than a year ago. The April beef cattle price of $125 per cwt is down $3.00 from last month but $6.00 higher than April 2011.
Dairy products: The April index, at 129, is down 2.3 percent from a month ago and 14 percent lower than April last year. The April all milk price of $16.90 per cwt is down 30 cents from last month and $2.70 lower than April 2011.
Poultry & eggs: The April index, at 159, is down 8.6 percent from March but 0.6 percent above a year ago. The April market egg price, at 64.2 cents per dozen, decreased 14.9 cents from March and is 24.5 cents below April 2011. The April broiler price, at 51.0 cents per pound, is 6.0 cents lower than March but 2.0 cents above a year ago. The April turkey price, at 73.4 cents per pound, is up 4.4 cents from the previous month and 7.7 cents from a year earlier.
Prices Received Indexes – United States: April 2012 with Comparisons
[Revised historical price indexes for months not shown are available at www.nass.usda.gov]
Prices Received and Prices Paid Indexes by Month for Selected Groups – United States: 2011 and 2012, 1990-1992 Base
[Revised historical price indexes for months not shown are available at www.nass.usda.gov. Blank data cells indicate estimation period has not yet begun]
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