September Ag Prices Received And Paid Decrease
September Prices Received Index Decreased 1.5 Percent The September Prices Received Index (Agricultural Production), at 88.2, decreased 1.5 percent from August 2018. At 88.1, the Crop Production Index decreased 2.0 percent. The Livestock Production Index, at 88.3, decreased 1.1 percent. Producers received lower prices for broilers, market eggs, cattle, and grapes but higher prices for milk, apples, strawberries, and sweet corn. Compared with a year earlier, the Prices Received Index is down 4.6 percent. The Crop Production Index decreased 2.0 percent and the Livestock Production Index decreased 6.9 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Decreased marketing of cattle, wheat, cotton, and peaches offset the increased monthly movement of soybeans, corn, apples, and dry beans. The Food Commodities Index, at 90.6, decreased 1.5 percent from the previous month and 6.9 percent from September 2017. September Prices Paid Index Down 0.2 Percent The September Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 108.5, is down 0.2 percent from August 2018 but up 2.3 percent from September 2017. Lower prices in September for complete feeds, herbicides, and insecticides more than offset higher prices for feeder cattle, feeder pigs, LP gas, and hay and forages.