June Ag Prices Received Index Up 0.4 Percent; Prices Paid Up 0.1 Percent

June Prices Received Index Up 0.4 Percent   

The June Prices Received Index 2011 Base (Agricultural Production), at 127.7, increased 0.4 percent from May but decreased 5.3 percent from June 2022. At 120.8, the Crop Production Index was up 0.2 percent from last month but down 4.1 percent from the previous year. The Livestock Production Index, at 135.1, increased 1.0 percent from May, but decreased 6.5 percent from June last year. Producers received higher prices during June for cattle, hogs, market eggs, and oranges but lower prices for milk, broilers, lettuce, and cotton. In addition to prices, the volume change of commodities marketed also influences the indexes. In June, there was increased monthly movement for wheat, hay, grapes, and peaches and decreased marketing of cattle, oranges, strawberries, and broilers.    

June Prices Paid Index Up 0.1 Percent   

The June Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 139.2, is up 0.1 percent from May 2023 and 0.8 percent from June 2022. Higher prices in June for feeder cattle, other services, other machinery, and herbicides than more offset lower prices for complete feeds, hay & forages, feeder pigs, and concentrates.