September Farm Prices Received Index Decreased 3.9 Percent
The September Prices Received Index (Agricultural Production), at 98, decreased 3.9 percent from August. At 87, the Crop Production Index decreased 1.1 percent. At 109, the Livestock Production Index decreased 6.8 percent. Producers received lower prices for cattle, market eggs, broilers, and hogs but higher prices for lettuce, milk, apples, and sweet corn. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of soybeans, corn, potatoes, and calves offset the decreased marketing of beef cattle, wheat, cotton, and barley.
The Prices Received Index is down 8.4 percent from the previous year. The Food Commodities Index, at 103, decreased 6.4 percent from the previous month and is down 13 percent from September 2014.
September Prices Paid Index Down 0.9 Percent
The September Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 107, is down 0.9 percent from August and 4.5 percent from September 2014. Lower prices in September for feeder cattle, concentrates, complete feeds, and gasoline more than offset higher prices for nitrogen, LP gas, feeder pigs, and hay & forages.
Source: USDA