April Farm Prices Received And Paid Increases
April Prices Received Index Increased 2.0 Percent
The April Prices Received Index (Agricultural Production), at 96.7, increased 2.0 percent from March 2017. At 93.1, the Crop Production Index increased 6.5 percent. At 99.5, the Livestock Production Index decreased 1.1 percent. Producers received higher prices for lettuce, cattle, broilers, and broccoli but lower prices for market eggs, milk, hogs, and strawberries. Compared with a year earlier, the Prices Received Index is up 4.4 percent. The Crop Production Index increased 8.8 percent and the Livestock Production Index is up 2.2 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of oranges, lettuce, milk, and strawberries offset the decreased marketing of corn, cattle, soybeans, and hay. The Food Commodities Index, at 101.8, increased 1.4 percent from the previous month and is up 5.6 percent from April 2016.
April Prices Paid Index Up 0.4 Percent
The April Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 106.9, is up 0.4 percent from March 2017 and is up 0.8 percent from April 2016. Higher prices for feeder cattle, hay & forages, nitrogen, and other services more than offset lower prices for feeder pigs, wage rates, complete feeds, and concentrates.