June Ag Prices Received Up 1%, Prices Paid Down .5%
June Prices Received Index Up 1.0 Percent
The June Prices Received Index (Agricultural Production), at 92.5, increased 1.0 percent from May 2019. At 87.9, the Crop Production Index increased 5.4 percent. The Livestock Production Index, at 97.0, decreased 1.8 percent. Producers received higher prices for lettuce, market eggs, corn, and strawberries but lower prices for cattle, broilers, oranges, and hogs. Compared with a year earlier, the Prices Received Index is down 2.7 percent. The Crop Production Index decreased 2.5 percent and the Livestock Production Index decreased 1.5 percent. The indexes are calculated using commodity prices and volumes of commodities that producers market. Increased monthly movement of wheat, hay, peaches, and corn offset the decreased marketing of milk, oranges, broilers, and cattle. The Food Commodities Index, at 95.9, increased 0.3 percent from the previous month but decreased 3.0 percent from June 2018.
June Prices Paid Index Down 0.5 Percent
The June Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 110.3, is down 0.5 percent from May 2019 but up 1.3 percent from June 2018. Lower prices in June for feeder cattle, feeder pigs, hay and forages, and LP gas more than offset higher prices for feed grains, other services, complete feeds, and other machinery.