November Ag Prices Received Index Up 6.8 Percent; Prices Paid Up 0.5 Percent

November Prices Received Index Up 6.8 Percent  

The November Prices Received Index 2011 Base (Agricultural Production), at 120.2, increased 6.8 percent from October and 5.4 percent from November 2023. At 94.6, the Crop Production Index is up 5.7 percent from last month but down 6.8 percent from the previous year. The Livestock Production Index, at 158.8, increased 2.5 percent from October and 19 percent from November last year. Producers received higher prices during November for lettuce, market eggs, grapes, and broccoli but lower prices for milk, soybeans, onions, and hay. In addition to prices, the volume change of commodities marketed also influences the indexes. In November, there was increased monthly movement for corn, cattle, market eggs, and milk and decreased marketing of soybeans, grapes, wheat, and lettuce.  

November Prices Paid Index Up 0.5 Percent  

The November Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 140.3, is up 0.5 percent from October 2024 and 0.4 percent from November 2023. Higher prices in November for feeder cattle, feeder pigs, nitrogen, and supplements more than offset lower prices for complete feeds, concentrates,  hay & forages, and diesel.