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USDA Agricultural Prices


27 June 2014

USDA Agricultural Prices - 27 June 2014USDA Agricultural Prices - 27 June 2014


USDA Agricultural Prices

June Farm Prices Received Index Down 3 Points

The preliminary All Farm Products Index of Prices Received by Farmers in June, at 111 percent, based on 2011=100, decreased 3 points (2.6 percent) from May. The Crop Index is down 1 point (1.0 percent) and the Livestock Index decreased 3 points (2.3 percent). Producers received lower prices for corn, milk, broilers, and eggs and higher prices for oranges, cantaloupes, tomatoes, and lettuce. 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, grapes, and peaches offset the decreased marketing of oranges, cattle, milk, and broilers.

The preliminary All Farm Products Index is up 1 point (0.9 percent) from June 2013. The Food Commodities Index, at 121, decreased 3 points (2.4 percent) from last month but increased 12 points (11 percent) from June 2013.

Prices Paid Index Unchanged

The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 112 percent of the 2011 base. The index is unchanged from May but 6 points (5.7 percent) above June 2013. Lower prices in June for feed grains, feeder pigs, hay & forages, and supplements offset higher prices for feeder cattle, nitrogen, complete feeds, and other services.

Prices Received by Farmers

The June All Farm Products Index is 111 percent of its 2011 base, down 2.6 percent from the May index but 0.9 percent above the June 2013 index.


All crops: The June index, at 97, decreased 1.0 percent from May and is 12 percent below June 2013. Index decreases for oilseeds & grains more than offset the index increases for vegetable & melon production and fruit & tree nut production.


Food grains: The June index, at 92, is down 9.8 percent from the previous month and 8.9 percent below a year ago. The June price for all wheat, at $6.61 per bushel, is down 47 cents from May and 76 cents below June 2013.


Feed grains: The June index, at 73, is down 7.6 percent from last month and 37 percent below a year ago. The corn price, at $4.37 per bushel, is down 34 cents from last month and $2.60 below June 2013. Sorghum grain, at $7.37 per cwt, is 84 cents below May and down $3.73 from June last year.

Oilseeds: The June index, at 110, is down 2.7 percent from May and 7.6 percent below June 2013. The soybean price, at $14.10 per bushel, decreased 30 cents from May and is $1.00 below June 2013.

Fruits & nuts: The June index, at 122, is up 6.1 percent from May and 9.9 percent higher than a year ago. The price increase for oranges more than offset the price decrease for strawberries.

Commercial vegetables: The June index, at 118, is up 11 percent from last month and 17 percent above June 2013. Price increases during June for cantaloupes, tomatoes, lettuce, and sweet corn more than offset price declines for potatoes, onions, cauliflower, and carrots.

Other crops: The June index, at 110, is up 2.8 percent from last month but 0.9 percent below June 2013. The all hay price, at $197.00 per ton, is $5.00 lower than May and down $2.00 from last June. The price for upland cotton, at 79.9 cents per pound, is up 0.5 cents from May and 0.6 cents higher than last June.

Livestock and products: The June index, at 127, decreased 2.3 percent from last month but is up 15 percent from June 2013. Compared with a year ago, prices are higher for cattle, milk, hogs, broilers, calves, market eggs, and turkeys.

Meat animals: The June index, at 127, is down 0.8 percent from last month but 18 percent higher than last year. The June hog price, at $82.10 per cwt, is down 70 cents from May but $7.70 higher than a year ago. The June beef cattle price of $145 per cwt is down $1.00 from last month but $23.00 higher than June 2013.

Dairy products: The June index, at 116, is down 3.3 percent from a month ago but 20 percent higher than June last year. The June all milk price of $23.30 per cwt is down 90 cents from last month but $3.80 higher than June 2013.

Poultry & eggs: The June index, at 140, is down 4.1 percent from May but 8.5 percent above a year ago. The June market egg price, at 87.4 cents per dozen, decreased 9.6 cents from May but is 17.9 cents above June 2013. The June broiler price, at 71.0 cents per pound, is down 3.0 cents from May but 4.0 cents above a year ago. The June turkey price, at 72.8 cents per pound, is up 0.2 cents from the previous month and 7.1 cents from a year earlier.

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