June Ag Prices Received Index Up 1.0 Percent, Prices Paid Up .3 Percent
June Prices Received Index Up 1.0 Percent The June Prices Received Index 2011 Base (Agricultural Production), at 89.2, increased 1.0 percent from May but decreased 4.9 percent from June 2019. At 91.8, the Crop Production Index was down 3.3 percent from last month but up 2.1 percent from the previous year. The Livestock Production Index, at 86.7, increased 5.0 percent from May, but decreased 11 percent from June last year. Producers received higher prices during June for milk, oranges, broilers, and lettuce but lower prices for hogs, market eggs, cantaloupes, and corn. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In June, there was increased monthly movement for wheat, hay, peaches, and cantaloupes and decreased marketing of strawberries, oranges, milk, and cattle.
June Prices Paid Index Up 0.3 Percent The June Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 109.1, is up 0.3 percent from May 2020 but down 1.2 percent from June 2019. Higher prices in June for LP gas, feeder cattle, other services, and gasoline more than offset lower prices for feeder pigs, complete feeds, nitrogen, and hay and forages.