July Agriculture Prices Received Index Down 2.1 Percent , Prices Paid Up 0.1 Percent

July Prices Received Index Down 2.1 Percent   

The July Prices Received Index 2011 Base (Agricultural Production), at 124.7, decreased 2.1 percent from June  and 7.0 percent from July 2022. At 118.7, the Crop Production Index was down 1.2 percent from last month  and 4.9 percent from the previous year. The Livestock Production Index, at 132.4, decreased 2.0 percent from June,  and 9.4 percent from July last year. Producers received lower prices during July for broilers, corn, milk, and hay, but higher prices for hogs, lettuce, soybeans, and strawberries. In addition to prices, the volume change of commodities marketed also influences the indexes. In July, there was decreased marketing of cattle, milk, broilers, and hogs, but increased monthly movement for wheat, grapes, hay, and cotton.   

July Prices Paid Index Up 0.1 Percent   

The July Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 138.7, is  up 0.1 percent from June 2023, but unchanged from July 2022. Higher prices in July for feeder cattle, concentrates, diesel, and LP gas more than offset lower prices for hay & forages, feed grains, nitrogen, and complete feeds.