January Ag Prices Received Decreases, Prices Paid Increases
January Prices Received Index Down 2.2 Percent
The January Prices Received Index 2011 Base (Agricultural Production), at 88.7, decreased 2.2 percent from December but increased 2.5 percent from January 2019. At 82.3, the Crop Production Index was down 3.5 percent from last month but up 4.6 percent from the previous year. The Livestock Production Index, at 98.2, increased 1.0 percent from December and 0.4 percent from January last year. Producers received lower prices during January for market eggs, milk, lemons, and oranges but higher prices for lettuce, broilers, cattle, and broccoli. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In January, there was increased monthly movement for corn, soybeans, strawberries, and pistachios and decreased marketing of milk, lettuce, cattle, and hogs.
January Prices Paid Index Up 0.2 Percent
The January Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 110.3, is up 0.2 percent from December 2019 but down 0.1 percent from January 2019. Higher prices in January for feeder cattle, feeder pigs, interest, and rent more than lower prices for nitrogen, LP gas, herbicides, and mixed fertilizer.