November Prices Received Index Up 3.5 Percent
The November Prices Received Index (Agricultural Production), at 88.1, increased 3.5 percent from October 2018. At 84.1, the Crop Production Index increased 5.0 percent. The Livestock Production Index, at 92.1, increased 0.9 percent. Producers received higher prices for lettuce, market eggs, cattle, and broilers but lower prices for soybeans, milk, hogs, and lemons. Compared with a year earlier, the Prices Received Index is down 3.6 percent. The Crop Production Index increased 2.7 percent and the Livestock Production Index decreased 9.5 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of milk, corn, cattle, and cotton offset the decreased marketing of soybeans, grapes, lettuce, and wheat. The Food Commodities Index, at 93.8, increased 5.6 percent from the previous month but decreased 6.9 percent from November 2017.
November Prices Paid Index Down 0.4 Percent
The November Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 109.0, is down 0.4 percent from October 2018 but up 1.8 percent from November 2017. Lower prices in November for feeder cattle, LP gas, herbicides, and complete feeds more than offset higher prices for feeder pigs, tractors, nitrogen, and supplements.