February Prices Received Index Increased 6.1 Percent, Prices Paid Up .1%
The February Prices Received Index (Agricultural Production), at 91.7, increased 6.1 percent from January 2017. At 86.6, the Crop Production Index increased 10 percent. At 96.1, the Livestock Production Index decreased 0.5 percent. Producers received higher prices for lettuce, hogs, cattle, and oranges but lower prices for market eggs, milk, broilers, and onions. Compared with a year earlier, the Prices Received Index is down 0.9 percent. The Crop Production Index increased 3.5 percent but the Livestock Production Index declined 3.2 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of cattle, milk, and broilers offset the decreased marketing of soybeans, corn, and cotton. The Food Commodities Index, at 96.8, increased 3.4 percent from the previous month but is down 0.7 percent from February 2016.
February Prices Paid Index Up 0.1 Percent
The February Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 106.6, is up 0.1 percent from January 2017 and 0.3 percent from February 2016. Higher prices in February for nitrogen, feeder pigs, complete