July Agriculture Prices Received Index Down 0.1 Percent, Prices Paid Up 0.5 Percent

July Prices Received Index Down 0.1 Percent   

The July Prices Received Index 2011 Base (Agricultural Production), at 134.7, decreased 0.1 percent from June but increased 26 percent from July 2021. At 124.2, the Crop Production Index was down 1.2 percent from last month but  up 16 percent from the previous year. The Livestock Production Index, at 148.1 increased 2.2 percent from June and 38 percent from July last year. Producers received lower prices during July for broilers, soybeans, wheat, and corn but higher prices for market eggs, hay, hogs, and cattle. In addition to prices, the volume change of commodities marketed also influences the indexes. In July, there was decreased monthly movement for milk, cattle, oranges, and broilers and increased marketing of wheat, grapes, hay, and cotton.    

July Prices Paid Index Up 0.5 Percent   

The July Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 135.6, is  up 0.5 percent from June 2022 and 13 percent from July 2021. Higher prices in July for hay & forages, feeder cattle, other services, and herbicides more than offset lower prices for nitrogen, diesel, mixed fertilizer, and feed grains.