February Ag Prices Received Index Up 7.1 Percent; Prices Paid Up 0.6 Percent

February Prices Received Index Up 7.1 Percent  

The February Prices Received Index 2011 Base (Agricultural Production), at 120.0, increased 7.1 percent from January but decreased 5.4 percent from February 2023. At 100.3, the Crop Production Index was up 2.1 percent from last month but down 17 percent from the previous year. The Livestock Production Index, at 141.3, increased 3.5 percent from January, and 6.0 percent from February last year. Producers received higher prices during February for market eggs, cattle, lettuce, and hogs but lower prices for corn, soybeans, broilers, and wheat. In addition to prices, the volume change of commodities marketed also influences the indexes. In February, there was increased monthly movement for cattle, milk, broilers, and market eggs and decreased marketing of soybeans, corn, wheat, and tobacco.  

February Prices Paid Index Up 0.6 Percent  

The February Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 139.1, is up 0.6 percent from January 2024 but down 1.4 percent from February 2023. Higher prices in February for feeder cattle, feeder pigs, diesel, and LP gas more than offset lower prices for complete feeds, nitrogen, feed grains, and supplements.