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USDA Agricultural Prices

30 June 2015

USDA Agricultural Prices - 30 June 2015USDA Agricultural Prices - 30 June 2015

USDA Agricultural Prices

May Farm Prices Received Index Up 3.9 percent

The May Prices Received Index (Agricultural Production), at 107, increased 3.9 percent from April. At 90, the Crop Production Index advanced 1.1 percent. The Livestock Production Index increased 5.2 percent to 122. Producers received higher prices for eggs, hogs, and broilers. Lower prices were realized for cattle, corn, and tomatoes. In addition to prices, the indexes are impacted by the five-year average monthly mix of commodities producers market. Increased monthly movement of cattle, hay, sweet corn, and broilers offset the decreased marketing of soybeans, calves, hogs, and apples.

The Prices Received Index is down 7.0 percent from the previous year. The Food Commodities Index, at 115, is up 3.6 percent from the previous month but is 8.0 percent lower than May 2014.

May Prices Paid Index Down 0.9 Percent

The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 109, is down 0.9 percent from April and 3.5 percent below May 2014. Lower prices in May for complete feeds, concentrates, LP gas, and supplements more than offset higher prices for nitrogen, diesel, gasoline, and mixed fertilizer.

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