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USDA Agricultural Prices

03 June 2013

USDA Agricultural Prices - May 2013USDA Agricultural Prices - May 2013

USDA Agricultural Prices

May Farm Prices Received Index Advanced 2 Points

The preliminary All Farm Products Index of Prices Received by Farmers in May, at 194 percent, based on 1990-1992=100, increased 2 points (1.0 percent) from April. The Crop Index is down 1 point (0.5 percent) but the Livestock Index increased 6 points (3.7 percent). Producers received higher prices for eggs, hogs, soybeans, and broilers. Prices were lower for corn and wheat. 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 broilers, sweet corn, and hay offset decreased marketings of soybeans, apples, wheat, and oranges.

The preliminary All Farm Products Index is up 14 points (7.8 percent) from May 2012. The Food Commodities Index, at 181, increased 3 points (1.7 percent) from last month and 12 points (7.1 percent) from May 2012.

Prices Paid Index Unchanged

The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 219 percent of the 1990-1992 average. The index is unchanged from April but 4 points (1.9 percent) above May 2012. Higher prices in May for nitrogen, gasoline, other machinery, and supplies offset lower prices for concentrates, feeder cattle, diesel, and complete feeds.

Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 1990-1992 Base – United States: May 2013 with Comparisons

June 2013

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