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USDA Agricultural Prices


30 April 2014

USDA Agricultural Prices - 30 April 2014USDA Agricultural Prices - 30 April 2014


USDA Agricultural Prices

April Farm Prices Received Index Advanced 4 Points

The preliminary All Farm Products Index of Prices Received by Farmers in April, at 115 percent, based on 2011=100, increased 4 points (3.6 percent) from March. The Crop Index is up 4 points (4.3 percent) and the Livestock Index increased 4 points (3.1 percent). Producers received higher prices for hogs, corn, soybeans, and broilers and lower prices for oranges, barley, and peanuts. 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 milk, broilers, and oranges offset the decreased marketing of corn, soybeans, hay, and wheat.

The preliminary All Farm Products Index is up 8 points (7.5 percent) from April 2013. The Food Commodities Index, at 125, increased 3 points (2.5 percent) from last month and increased 18 points (17 percent) from April 2013.

Prices Paid Index Up 2 Points

The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is at 112 (2011=100). The index is up 2 points (1.8 percent) from March and 6 points (5.7 percent) above April 2013. Higher prices in April for feeder cattle, feeder pigs, complete feeds, and hay & forages more than offset lower prices for diesel, herbicides, insecticides, and self-propelled machinery.

Prices Received by Farmers

The April All Farm Products Index is 115 percent of its 2011 base, up 3.6 percent from the March index and 7.5 percent above the April 2013 index.

 All crops: The April index, at 98, increased 4.3 percent from March but is 8.4 percent below April 2013. The index increase for oilseeds & grains more than offset the index decrease for fruit & tree nut production.

Food grains: The April index, at 101, is 3.1 percent above the previous month but 4.7 percent below a year ago. The April price for all wheat, at $6.92 per bushel, is up 17 cents from March but down 79 cents from April 2013.

 Feed grains: The April index, at 79, is up 3.9 percent from last month but 32 percent below a year ago. The corn price, at $4.73 per bushel, is up 22 cents from last month but $2.24 below April 2013. Sorghum grain, at $8.41 per cwt, is 17 cents above March but $3.19 below April last year.

 Oilseeds: The April index, at 114, is up 5.6 percent from March but unchanged from April 2013. The soybean price, at $14.50 per bushel, increased 80 cents from March and is 10 cents above April 2013.

 Fruits & tree nuts: The April index, at 111, is down 3.5 percent from March but 13 percent higher than a year ago. The price for oranges decreased.

 Commercial vegetables: The April index, at 100, is up 4.2 percent from last month and 3.1 percent above April 2013. The price for potatoes increased.

Other crops: The April index, at 102, is up 4.1 percent from last month but unchanged from April 2013. The all hay price, at up $191 per ton, is up $18.00 from March but $4.00 less than last April. The price for upland cotton, at 80.7 cents per pound, is up 1.3 cents from March and 2.3 cents higher than last April.

Livestock and products: The April index, at 133, is 3.1 percent above last month and 23 percent higher than April 2013. Compared with a year ago, prices are higher for milk, cattle, hogs, eggs, calves, broilers, and turkeys.

 Meat animals: The April index, at 133, is up 3.1 percent from last month and 27 percent higher than last year. The April hog price, at $91.60 per cwt, is up $9.70 from March and $29.80 higher than a year ago. The April beef cattle price of $149 per cwt increased $1.00 from last month and is $24.00 higher than April 2013.

Dairy products: The April index, at 127, is up 1.6 percent from a month ago and 31 percent higher than April last year. The April all milk price of $25.50 per cwt is up 30 cents from last month and $6.00 above April 2013.

Poultry & eggs: The April index, at 139, is up 3.7 percent from March and 9.4 percent above a year ago. The April market egg price, at $1.09 per dozen, increased 4.0 cents from March and is 44.5 cents higher than April 2013. The April broiler price, at 68.0 cents per pound, is 3.0 cents higher than March and 2.0 cents above a year ago. The April turkey price, at 68.3 cents per pound, is unchanged from the previous month but up 2.1 cents from a year earlier.

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