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USDA Agricultural Prices

01 May 2015

USDA Agricultural Prices - 1 May 2015USDA Agricultural Prices - 1 May 2015

USDA Agricultural Prices

March Farm Prices Received Index Increased 3 Points

The March Prices Received Index (Agricultural Production), at 102, based on 2011=100, increased 3 points (3.0 percent) from February. At 86, the March Crop Production Index is up 1 point (1.2 percent). At 117, the Livestock Production Index increased 3 points (2.6 percent). Producers received higher prices for broilers, eggs, cattle, and oranges but lower prices for milk, wheat, soybeans, and apples. In addition to prices, the indexes are impacted by the five-year average monthly mix of commodities producers market. Increased monthly movement of cattle, strawberries, calves, and milk offset the decreased marketing of cotton, soybeans, and hay.

The Prices Received Index is down 9 points (8.1 percent) from March 2014. The Food Commodities Index, at 110, increased 3 points (2.8 percent) from the previous month but decreased 12 points (9.8 percent) from March 2014.

March Prices Paid Index up 1 Point

The March Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 110 (2011=100), is up 1 point (0.9 percent) from February but is unchanged from March 2014. Higher prices in March for feeder cattle, hay & forages, gasoline, and field crop seeds more than offset lower prices for complete feeds, nitrogen, other services, and supplements.

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