August Ag Prices Received Index Up 0.3 Percent, Prices Paid Up 0.1 Percent

August Prices Received Index Up 0.3 Percent   

The August Prices Received Index 2011 Base (Agricultural Production), at 125.4, increased 0.3 percent from July but decreased 4.5 percent from August 2022. At 117.4, the Crop Production Index was down 1.6 percent from last month  and 8.3 percent from the previous year. The Livestock Production Index, at 134.3, increased 1.4 percent from July, but decreased 0.4 percent from August last year. Producers received higher prices during August for milk, market eggs, strawberries, and cattle but lower prices for corn, broilers, soybeans, and celery. In addition to prices, the volume change of commodities marketed also influences the indexes. In August, there was increased monthly movement for cattle, grapes, hogs, and broilers and decreased marketing of wheat, corn, soybeans, and strawberries.    

August Prices Paid Index Up 0.1 Percent   

The August Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 138.5, is up 0.1 percent from July 2023 but down 0.6 percent from August 2022. Higher prices in August for feeder cattle, diesel, potash & phosphate, and gasoline more than offset lower prices for nitrogen, complete feeds, hay & forages,  and feed grains.