Ag Prices Received And Paid Increase In November
November Prices Received Index Increased 4.2 Percent The November Prices Received Index (Agricultural Production), at 91.0, increased 4.2 percent from October 2017. At 81.4, the Crop Production Index decreased 1.0 percent. The Livestock Production Index, at 101.7, increased 8.1 percent. Producers received higher prices for market eggs, cattle, hogs, and broilers but lower prices for lettuce, corn, apples, and turkeys. Compared with a year earlier, the Prices Received Index is up 9.1 percent. The Crop Production Index increased 1.1 percent and the Livestock Production Index increased 18 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of cattle, corn, milk, and cotton offset the decreased marketing of soybeans, grapes, potatoes, and wheat. The Food Commodities Index, at 99.9, increased 7.7 percent from the previous month and 12 percent from November 2016.
November Prices Paid Index Up 0.3 Percent The November Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 107.9, is up 0.3 percent from October 2017 and 4.6 percent from November 2016. Higher prices in November for feeder pigs, nitrogen, feeder cattle, and diesel more than offset lower prices for feed grains, other services, hay and forages, and herbicides.