March Agricultural Prices Received Index Up 1.5 Percent; Prices Paid Up 0.6 Percent

March Prices Received Index Up 1.5 Percent  

The March Prices Received Index 2011 Base (Agricultural Production), at 122.3, increased 1.5 percent from February but decreased 4.8 percent from March 2023. At 100.1, the Crop Production Index was down 1.2 percent from last month and 16 percent from the previous year. The Livestock Production Index, at 144.6, increased 2.3 percent from February, and 4.7 percent from March last year. Producers received higher prices during March for cattle, hogs, broilers, and lettuce but lower prices for market eggs, strawberries, oranges, and wheat. In addition to prices, the volume change of commodities marketed also influences the indexes. In March, there was increased monthly movement for cattle, strawberries, milk, and calves and decreased marketing of cotton, soybeans, onions, and apples.  

March Prices Paid Index Up 0.6 Percent  

The March Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 140.2, is up 0.6 percent from February 2024 but down 1.1 percent from March 2023. Higher prices in March for feeder cattle, feeder pigs, nitrogen, and gasoline more than offset lower prices for complete feeds, hay & forages, LP gas, and concentrates.