October Ag Prices Received Index Down 6.3 Percent, Paid Index Up 0.1 Percent

October Prices Received Index Down 6.3 Percent   

The October Prices Received Index 2011 Base (Agricultural Production), at 114.1, decreased 6.3 percent from September and 11 percent from October 2022. At 104.0, the Crop Production Index was down 7.6 percent from last month and 14 percent from the previous year. The Livestock Production Index, at 133.5, increased 0.3 percent from September, but decreased 4.1 percent from October last year. Producers received lower prices for corn, hogs, soybeans, and apples but higher prices during October for milk, calves, cattle, and dry beans. In addition to prices, the volume change of commodities marketed also influences the indexes. In October, there was decreased marketing of cattle, milk, broilers, and wheat and increased monthly movement for soybeans, corn, cotton, and calves.    

October Prices Paid Index Up 0.1 Percent   

The October Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 138.8, is up 0.1 percent from September 2023 and 0.1 percent from October 2022. Higher prices in October for feeder cattle, wage rates, nitrogen, and potash & phosphate more than offset lower prices for complete feeds, concentrates, feed grains, and gasoline.