July Ag Prices Received Index Down 2.7 Percent, Price Paid Down .3 Percent

July Prices Received Index Down 2.7 Percent  

The July Prices Received Index 2011 Base (Agricultural Production), at 123.5, decreased 2.7 percent from June and 1.2 percent from July 2023. At 100.1, the Crop Production Index was down 6.7 percent from last month and 16 percent from the previous year. The Livestock Production Index, at 152.7, increased 3.4 percent from June and 16 percent from July last year. Producers received lower prices during July for lettuce, corn, broccoli, and soybeans but higher prices for market eggs, cattle, oranges, and strawberries. In addition to prices, the volume change of commodities marketed also influences the indexes. In July, there was decreased marketing of milk, cattle, oranges, and broilers but increased monthly movement for wheat, grapes, cotton, and hay. 

July Prices Paid Index Down 0.3 Percent  

The July Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 139.2, is down 0.3 percent from June 2024 and 0.6 percent from July 2023. Lower prices in July for feeder pigs, nitrogen, feeder cattle, and hay & forages more than offset higher prices for milk cows, complete feeds, diesel, and LP gas.