December Prices Received Index Up 0.8 Percent , Prices Paid Up .1 Percent
December Prices Received Index Up 0.8 Percent
The December Prices Received Index 2011 Base (Agricultural Production), at 89.5, increased 0.8 percent from November but decreased 0.8 percent from December 2018. At 83.3, the Crop Production Index was up 0.8 percent from last month but down 5.0 percent from the previous year. The Livestock Production Index, at 97.0, was unchanged from November, but increased 5.0 percent from December last year. Producers received higher prices during December for broilers, cattle, tomatoes, and strawberries but lower prices for market eggs, lettuce, oranges, and milk. In addition to prices, the indexes are influenced by the volume change of commodities that producers market. In December, there was increased monthly movement for oranges, milk, broilers, and cotton and decreased marketing of corn, grapes, soybeans, and calves.
December Prices Paid Index Up 0.1 Percent
The December Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 110.5, is up 0.1 percent from November 2019 and 0.4 percent from December 2018. Higher prices for self-propelled machinery, feeder pigs, complete feeds, and concentrates more than offset lower prices in December for nitrogen, feeder cattle, LP gas, and other services.