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USDA Agricultural Prices

30 September 2015

USDA Agricultural Prices - August 2015USDA Agricultural Prices - August 2015

USDA Agricultural Prices

August Farm Prices Received Index Up 3.0 percent

The August Prices Received Index (Agricultural Production), at 102, increased 3.0 percent from July. At 88, the Crop Production Index increased 2.3 percent. At 117, the Livestock Production Index increased 1.7 percent. Producers received higher prices for market eggs, lettuce, strawberries, and apples but lower prices for broilers, wheat, onions, and hay. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of cattle, grapes, calves, and hogs offset the decreased marketing of wheat, soybeans, corn, and hay. The Prices Received Index is down 6.4 percent from the previous year. The Food Commodities Index, at 110, increased 3.8 percent from the previous month but is down 9.1 percent from August 2014.

August Prices Paid Index Down 0.9 percent

The August Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 108, is down 0.9 percent from July and down 3.6 percent from August 2014. Lower prices in August for feeder cattle, hay & forages, nitrogen, and diesel more than offset higher prices for complete feeds, supplements, herbicides, and insecticides.

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