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USDA Agricultural Prices


05 January 2015

USDA Agricultural Prices 30 December 2014USDA Agricultural Prices 30 December 2014


USDA Agricultural Prices

December Farm Prices Received Index Up 1 Point

The preliminary December Prices Received Index (Agricultural Production), at 102 percent, based on 2011=100, increased 1 point (1.0 percent) from November. At 82, the December Crop Production Index is up 2 points (2.5 percent). At 129, the Livestock Production Index decreased 5 points (3.7 percent). Producers received higher prices for corn, market eggs, wheat, and cattle but lower prices for milk, broilers, lettuce, and oranges. In addition to prices, the five-year average monthly mix of commodities producers market impacts the monthly indexes. Increased monthly movement of wheat, oranges, broilers, and milk offset the decreased marketing of corn, calves, soybeans, and grapes. The preliminary Prices Received Index is up 2 points (2.0 percent) from December 2013. The Food Commodities Index, at 116, decreased 3 points (2.5 percent) from last month but increased 7 points (6.4 percent) from December 2013.

Prices Paid Index Unchanged

The preliminary December Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 111 percent (2011=100), is unchanged from November but is 5 points (4.7 percent) above December 2013. Lower prices in December for feeder cattle, LP gas, diesel, and gasoline offset higher prices for concentrates, feed grains, feeder pigs, and supplements.

 

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