October Prices Received Index Down 2.6 Percent
The October Prices Received Index 2011 Base (Agricultural Production), at 84.7, decreased 2.6 percent from September and 0.6 percent from October 2018. At 81.2, the Crop Production Index was down 6.3 percent from last month but up 1.2 percent from the previous year. The Livestock Production Index, at 90.3, increased 3.4 percent from September but decreased 1.2 percent from October last year. Producers received lower prices during October for apples, market eggs, and strawberries but higher prices for cattle, lettuce, milk, and broilers. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In October, there was decreased monthly movement of cattle, milk, broilers, and greenhouse & nursery and increased marketing for soybeans, corn, cotton, and calves.
October Prices Paid Index Up 0.5 Percent
The October Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 110.1, is up 0.5 percent from September 2019 and 0.3 percent from October 2018. Higher prices in October for feeder cattle, feeder pigs, milk cows, and nitrogen more than offset lower prices for other services, potash and phosphate, mixed fertilizer, and supplements.