December Ag Prices Received Index Down 0.4 Percent; Prices Paid Index Down 0.5 Percent

December Prices Received Index Down 0.4 Percent   

The December Prices Received Index 2011 Base (Agricultural Production), at 113.5, decreased 0.4 percent from November and 18 percent from December 2022. At 101.7, the Crop Production Index was up 0.7 percent from last month but down 21 percent from the previous year. The Livestock Production Index, at 130.0, decreased 3.0 percent from November, and 14 percent from December last year. Producers received lower prices during December for cattle, milk, hogs, and turkeys, but higher prices for broilers, corn, onions, and eggs. In addition to prices, the volume change of commodities marketed also influences the indexes. In December, there was decreased monthly movement for corn, grapes, soybeans, and calves, and increased marketing of broilers, milk, wheat, and cotton.    

December Prices Paid Index Down 0.5 Percent   

The December Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 137.6, is down 0.5 percent from November 2023 and 0.6 percent from December 2022. Lower prices in December for feeder cattle, diesel, complete feeds, and gasoline more than offset higher prices for feeder pigs, LP gas, nitrogen, and potash & phosphate.