August Ag Prices Received Index Up 3.8 Percent; Price Paid Down 0.9 Percent

August Prices Received Index Up 3.8 Percent  

The August Prices Received Index 2011 Base (Agricultural Production), at 127.9, increased 3.8 percent from July and 1.8 percent from August 2023. The Livestock Production Index, at 158.1, increased 3.9 percent from July and 18 percent from August last year. At 100.1, the Crop Production Index was down 0.1 percent from last month and 16 percent from the previous year. Producers received higher prices during August for market eggs, milk, strawberries, and peaches but lower prices for corn, broilers, soybeans, and cotton. In addition to prices, the volume change of commodities marketed also influences the indexes. In August, there was increased monthly movement for cattle, grapes, broilers, and hogs, and decreased marketing of wheat, corn, soybeans, and strawberries.  

August Prices Paid Index Down 0.9 Percent  

The August Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 138.1, is down 0.9 percent from July 2024 and 1.4 percent from August 2023. Lower prices in August for feeder cattle, feed grains, nitrogen, and diesel more than offset higher prices for feeder pigs and potash & phosphate.