TheBeefSite.com - news, features, articles and disease information for the beef industry

USDA Agricultural Prices


26 November 2014

USDA Agricultural Prices - 26 November 2014USDA Agricultural Prices - 26 November 2014


USDA Agricultural Prices

Prices Received Index Increased 2 Points

The preliminary November Prices Received Index (Agricultural Production), at 101 percent, based on 2011=100, increased 2 points (2.0 percent) from October. The Prices Received Index includes crop and livestock production. At 80, the November Crop Production Index is unchanged. At 134, the Livestock Production Index decreased 2 points (1.5 percent). Producers received higher prices for eggs, cattle, lettuce, and soybeans and lower prices for hogs, milk, apples, and broilers. 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 corn, cattle, milk, and cotton offset the decreased marketing of soybeans, grapes, potatoes, and wheat.

The preliminary Prices Received Index is up 2 points (2.0 percent) from November 2013. The Food Commodities Index, at 119, increased 7 points (6.3 percent) from last month and 10 points (9.2 percent) from November 2013.

Prices Paid Index Down 1 Point

The preliminary November Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 110 percent (2011=100), is down 1 point (-0.9 percent) from October, but 4 points (3.8 percent) above November 2013. Lower prices in November for complete feeds, concentrates, other services, and hay & forages more than offset higher prices for mixed fertilizer, nitrogen, trucks, and feed grains.

DOWNLOAD REPORT:- Download this report here

Our Sponsors

Partners


Seasonal Picks

Animal Welfare in EPS - 5m Books