December Agriculture Prices Received Index Up 3.1 Percent, Prices Paid Unchanged

December Prices Received Index Up 3.1 Percent

The December Prices Received Index 2011 Base (Agricultural Production), at 137.7, increased 3.1 percent from November and 22 percent from December 2021. At 128.6, the Crop Production Index was up 1.1 percent from last month and 21 percent from the previous year. The Livestock Production Index, at 150.4, increased 4.9 percent from November, and 25 percent from December last year. Producers received higher prices during December for eggs, celery, soybeans, and cattle, but lower prices for lettuce, milk, hogs, and cauliflower. In addition to prices, the volume change of commodities marketed also influences the indexes. In December, there was increased monthly movement for eggs, milk, broilers, and lettuce, and decreased marketing of corn, grapes, soybeans, and calves.

December Prices Paid Index Unchanged

The December Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 137.1, is unchanged from November 2022 but up 9.6 percent from December 2021. Higher prices in December for feeder pigs, other services, feeder cattle, and herbicides offset lower prices for diesel, gasoline, LP gas, and complete feeds.