June Ag Prices Paid And Received Decreases 0.1%
June Prices Received Index Decreased 0.1 Percent
The June Prices Received Index (Agricultural Production), at 98.1, decreased 0.1 percent from May 2017. At 87.2, the Crop Production Index increased 0.3 percent. The Livestock Production Index, at 107.3, increased 0.6 percent. Producers received lower prices for cattle, celery, and tomatoes but higher prices for oranges, hogs, milk, and lemons. Compared with a year earlier, the Prices Received Index is up 4.6 percent. The Crop Production Index decreased 1.4 percent but the Livestock Production Index increased 9.6 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of wheat, hay, peaches, and corn offset the decreased marketing of oranges, broilers, cattle, and milk. The Food Commodities Index, at 104.1, increased 0.3 percent from the previous month and 6.7 percent from June 2016.
June Prices Paid Index Down 0.1 Percent
The June Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 106.9, is down 0.1 percent from May 2017 but is up 0.3 percent from June 2016. Lower prices in June for concentrates, feeder pigs, hay & forages, and complete feeds more than offset higher prices for other services, feeder cattle, tractors, and supplies & repairs.