October Ag Prices Received Index Down 6.5 Percent; Prices Paid Up 1.2 Percent

October Prices Received Index Down 6.5 Percent  

The October Prices Received Index 2011 Base (Agricultural Production), at 112.8, decreased 6.5 percent from September and 1.1 percent from October 2023. At 90.0, the Crop Production Index was down 9.0 percent from last month and 14 percent from the previous year. The Livestock Production Index, at 155.0, increased 6.0 percent from September and 17 percent from October last year. Producers received lower prices during October for soybeans, onions, milk, and potatoes but higher prices for market eggs, cattle, lettuce, and calves. In addition to prices, the volume change of commodities marketed also influences the indexes. In October, there was decreased monthly movement for cattle, milk, broilers, and market eggs and increased marketing of soybeans, corn, cotton, and calves. 

October Prices Paid Index Up 1.2 Percent  

The October Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 139.5, is up 1.2 percent from September 2024 but down 0.5 percent from October 2023. Higher prices in October for feeder cattle, milk cows, wage rates, and LP gas more than offset lower prices for other services, mixed fertilizer, concentrates, and feed grains.