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Farm Prices Inch up In U.S.

WASHINGTON - Nov 30/04 - SNS -- Prices received by farmers in the United States managed a modest improvement in November, rising one point above August to close 114 points, according to the USDA's preliminary All Farm Products Index of Prices Received by Farmers.

The Crop Index remained unchanged from October while the Livestock Index increased 1 point (0.9%). Producers received higher commodity prices for tomatoes, eggs, hogs, strawberries, and grapes.

Lower prices were received for lettuce, oranges, soybeans, corn, and cattle. The seasonal change in the mix of commodities farmers sell, based on the past 3-year average, also affects the overall index.

Increased average marketings of dairy, cattle, and cotton offset decreased marketings of soybeans, peanuts, and potatoes. The preliminary All Farm Products Index is down 2 points (1.7%) from November 2003.

The Food Commodities Index increased 3 points (2.6%) from last month to 120. The index is unchanged from November 2003.


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