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USDA Agricultural Prices


31 July 2013

USDA Agricultural Prices - July 2013USDA Agricultural Prices - July 2013


USDA Agricultural Prices

July Farm Prices Received Index Advanced 1 Point

The preliminary All Farm Products Index of Prices Received by Farmers in July, at 201 percent, based on 1990-1992=100, increased 1 point (0.5 percent) from June. The Crop Index is down 3 points (1.3 percent) and the Livestock Index decreased 2 points (1.2 percent). Producers received higher prices for eggs, soybeans, hogs, and lower prices for broilers, wheat, corn, and milk. 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 wheat, hay, and grain sorghum offset the decreased marketing of milk, cattle, broilers, and oranges.

The preliminary All Farm Products Index is up 10 points (5.2 percent) from July 2012. The Food Commodities Index, at 188, increased 2 points (1.1 percent) from last month and is 10 points (5.6 percent) higher than July 2012.

Prices Paid Index Up 1 Point

The July Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 220 percent of the 1990-1992 average. The index is up 1 point (0.5 percent) from June and 7 points (3.3 percent) above July 2012. Higher prices in July for feeder cattle, other services, LP gas, and complete feeds offset lower prices for nitrogen, feed grains, hay & forages, and concentrates.

 

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