August Ag Prices Received Index Up 0.8 Percent, Prices Paid Down 0.5 Percent
August Prices Received Index Up 0.8 Percent
The August Prices Received Index (Agricultural Production), at 90.5, increased 0.8 percent from July 2019. At 87.4, the Crop Production Index increased 0.8 percent. The Livestock Production Index, at 93.7, increased 0.2 percent. Producers received higher prices for market eggs, hogs, sweet corn, and milk but lower prices for broilers, lettuce, corn, and cotton. Compared with a year earlier, the Prices Received Index is up 0.9 percent. The Crop Production Index decreased 2.6 percent and the Livestock Production Index increased 4.5 percent. The indexes are calculated using commodity prices and volumes of commodities that producers market. Increased monthly movement of cattle, grapes, tobacco, and sweet corn offset the decreased marketing of wheat, corn, soybeans, and strawberries. The Food Commodities Index, at 93.5, increased 1.5 percent from the previous month and 1.5 percent from August 2018.
August Prices Paid Index Down 0.5 Percent
The August Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 109.9, is down 0.5 percent from July 2019 but up 0.6 percent from August 2018. Lower prices in August for feeder pigs, feed grains, feeder cattle, and hay and forages more than offset higher prices for concentrates, complete feeds, self-propelled machinery, and wage rates.