April Agricultural Prices Received And Paid Decreases
April Prices Received Index Decreased 2.2 Percent
The April Prices Received Index (Agricultural Production), at 92.8, decreased 2.2 percent from March 2018. At 88.0, the Crop Production Index increased 0.6 percent. The Livestock Production Index, at 95.8, decreased 4.0 percent. Producers received higher prices for broilers, milk, corn, and hay but lower prices for market eggs, cattle, lettuce, and hogs. Compared with a year earlier, the Prices Received Index is down 3.1 percent. The Crop Production Index decreased 3.1 percent and the Livestock Production Index decreased 3.7 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of milk, oranges, strawberries, and broilers offset the decreased marketing of corn, cattle, soybeans, and hay. The Food Commodities Index, at 96.0, decreased 3.8 percent from the previous month and decreased 4.9 percent from April 2017.
April Prices Paid Index Down 0.4 Percent
The April Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 108.6, is down 0.4 percent from March 2018 but up 1.7 percent from April 2017. Lower prices for feeder cattle, wage rates, feeder pigs, and milk cows more than offset higher prices for hay & forages, complete feeds, diesel, and feed concentrates.