October Agriculture Prices Received Index Down 2.7 Percent, Prices Paid Up 0.3 Percent

October Prices Received Index Down 2.7 Percent 

The October Prices Received Index 2011 Base (Agricultural Production), at 127.7, decreased 2.7 percent from September but increased 20 percent from October 2021. At 121.9, the Crop Production Index was down 4.0 percent from last month but up 15 percent from the previous year. The Livestock Production Index, at 138.9, increased 1.8 percent from September, and 29 percent from October last year. Producers received lower prices during October for corn, soybeans, potatoes, and broilers, but higher prices for lettuce, milk, strawberries, and eggs. In addition to prices, the volume change of commodities marketed also influences the indexes. In October, there was decreased monthly movement for cattle, milk, broilers, and eggs, and increased marketing of soybeans, corn, upland cotton, and calves. 

October Prices Paid Index Up 0.3 Percent 

The October Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 137.0, is up 0.3 percent from September 2022 and 12 percent from October 2021. Higher prices in October for self-propelled machinery, supplements, mixed fertilizer, and herbicides more than offset lower prices for complete feeds, concentrates, feed grains, and feeder pigs.