November Ag Prices Received Index Down 0.1 Percent; Prices Paid Index Down 0.4 Percent

November Prices Received Index Down 0.1 Percent   

The November Prices Received Index 2011 Base (Agricultural Production), at 113.2, decreased 0.1 percent from October and 15 percent from November 2022. At 99.8, the Crop Production Index is down 3.0 percent from last month and 20 percent from the previous year. The Livestock Production Index, at 134.0, increased 0.6 percent from October, but decreased 6.7 percent from November last year. Producers received lower prices during November for corn, hogs, cattle, and turkeys but higher prices for market eggs, soybeans, strawberries, and lettuce. In addition to prices, the volume change of commodities marketed also influences the indexes. In November, there was decreased marketing of soybeans, grapes, wheat, and dry beans but increased monthly movement for corn, cattle, milk, and cotton.    

November Prices Paid Index Down 0.4 Percent  

The November Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 138.4, is down 0.4 percent from October and 0.3 percent from November 2022. Lower prices in November for feeder cattle, diesel, feed grains, and supplements more than offset higher prices for nitrogen, concentrates, repairs,  and complete feeds.