July Prices Received Index Down 1.4 Percent
The July Prices Received Index 2011 Base (Agricultural Production), at 136.4, decreased 1.4 percent from June but increased 11 percent from July 2024. At 102.7, the Crop Production Index was down 0.3 percent from last month but up 2.5 percent from the previous year. The Livestock Production Index, at 172.5, increased 1.4 percent from June and 13 percent from July last year. Producers received lower prices during July for broilers, grapes, corn, and milk but higher prices for lettuce, turkeys, hogs, and market eggs. In addition to prices, the volume change of commodities marketed also influences the indexes. In July, there was decreased marketing of cattle, milk, broilers, and oranges and increased monthly movement for grapes, wheat, hay, and cotton.
July Prices Paid Index Up 0.5 Percent
The July Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 150.8, is up 0.5 percent from June 2025 and 7.9 percent from July 2024. Higher prices for feeder cattle, milk cows, diesel, and nitrogen more than offset lower prices for concentrates, complete feeds, feeder pigs, and feed grains.
No comments:
Post a Comment