USDA Agricultural Prices
31 March 2015
USDA Agricultural Prices - 31 March 2015
February Farm Prices Received Index Up 3 Points
The February Prices Received Index (Agricultural Production), at 100, based on 2011=100, increased 3 points (3.1 percent) from January. At 85, the February Crop Production Index is up 2 points (2.4 percent). At 115, the Livestock Production Index decreased 5 points (4.2 percent). Producers received higher prices for eggs, tomatoes, oranges, and hay but lower prices for broilers, cattle, hogs, and lettuce. In addition to prices, the indexes are impacted by the five-year average monthly mix of commodities producers market. Increased monthly movement of cattle, milk, broilers, and hogs offset the decreased marketing of soybeans, corn, and wheat.
The Prices Received Index is down 7 points (6.5 percent) from February 2014. The Food Commodities Index, at 108, decreased 1 point (0.9 percent) from the previous month and 9 points (7.7 percent) from February 2014.
February Prices Paid Index Unchanged
The February Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 109 (2011=100), is unchanged from January 2015 and February 2014. Higher prices in February for herbicides, LP gas, Insecticides, and potash & phosphates offset lower prices for feeder cattle, complete feeds, feeder pigs, and diesel.
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