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USDA Agricultural Prices

30 December 2013

USDA Agricultural Prices 30 December 2013USDA Agricultural Prices 30 December 2013

USDA Agricultural Prices

December Farm Prices Received Index Down 4 Points

The preliminary All Farm Products Index of Prices Received by Farmers in December, at 180 percent, based on 1990-1992=100, declined 4 points (2.2 percent) from November. The Crop Index is 6 points (3.1 percent) lower and the Livestock Index is down 1 point (0.6 percent). Producers received lower prices for corn, oranges, wheat, and hogs but higher prices for soybeans, milk, eggs, and rice. 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. Decreased marketing of corn, cattle, soybeans, and calves more than offset the increased monthly movement of wheat, milk, broilers, and cotton.

The preliminary All Farm Products Index is down 19 points (9.5 percent) from December 2012. The Food Commodities Index, at 185, declined 3 points (1.6 percent) from last month and 1 point (0.5 percent) from December 2012.

Prices Paid Index Down 1 Point
The December Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 213 percent of the 1990-1992 average. The index is down 1 point (0.5 percent) from November and 4 points (1.8 percent) below December 2012. Lower prices in December for complete feeds, concentrates, supplements, and potash & phosphate more than offset higher prices for LP gas, feeder pigs, diesel, and self-propelled machinery.

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