December Prices Received Index Up 1.8 Percent
The December Prices Received Index (Agricultural Production), at 89.9, increased 1.8 percent from November 2018. At 87.6, the Crop Production Index increased 4.2 percent. The Livestock Production Index, at 92.0, decreased 0.4 percent. Producers received higher prices for cattle, corn, broilers, and soybeans but lower prices for milk, oranges, hogs, and lemons. Compared with a year earlier, the Prices Received Index is down 2.4 percent. The Crop Production Index increased 3.4 percent and the Livestock Production Index decreased 7.6 percent. The indexes are calculated using commodity prices and volumes of commodities that producers market. Increased monthly movement of milk, oranges, broilers, and cotton offset the decreased marketing of corn, grapes, soybeans, and calves. The Food Commodities Index, at 94.2, increased 0.2 percent from the previous month but decreased 5.3 percent from December 2017.
December Prices Paid Index Up 0.2 Percent
The December Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 109.2, is up 0.2 percent from November 2018 and 1.7 percent from December 2017. Higher prices for feeder pigs, complete feeds, hay and forages, and feed grains more than offset lower prices in December for feeder cattle, diesel, gasoline, and LP gas.