September Agriculture Prices Received Decreases, Prices Paid Ticks Up
September Prices Received Index Decreased 1.7 Percent
The September Prices Received Index (Agricultural Production), at 91.8, decreased 1.7 percent from August 2017. At 88.6, the Crop Production Index increased 1.3 percent. The Livestock Production Index, at 94.8, decreased 3.8 percent. Producers received lower prices for cattle, hogs, and broilers but higher prices for market eggs, lettuce, and apples. Compared with a year earlier, the Prices Received Index increased 6.3 percent. The Crop Production Index increased 5.7 percent and the Livestock Production Index is up 7.0 percent from September 2016. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of soybeans, potatoes, corn, and apples offset the decreased marketing of cattle, wheat, cotton, and peaches. The Food Commodities Index, at 96.3, decreased 1.7 percent from the previous month but increased 7.5 percent from September 2016.
September Prices Paid Index Up 0.3 Percent
The September Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 106.7, is up 0.3 percent from August 2017 and 3.1 percent from September 2016. Higher prices in September for feeder cattle, diesel, LP gas, and gasoline more than offset lower prices for herbicides, nitrogen, feeder pigs, and feed concentrates.