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Ag Commodity Values Slip in january
WASHINGTON - Feb 1/05 - SNS -- Prices received by agricultural producers in the United States remain under pressure, with the USDA estimaying returns for all crops slipped 1%, with the All Farm Products Index of Prices Received by Farmers sittonmg at 110 points in January.
The Crop Index is down 3 points (2.9%) while the Livestock Index is up 1 point (0.8%). Producers received higher commodity prices for broilers, cattle, oranges, and snap beans. Lower prices were received for tomatoes, dairy, eggs, and broccoli.
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 cattle, corn, soybeans, and strawberries offset decreased marketings of grapes, dairy, tobacco, and cotton.
This preliminary All Farm Products Index is down 2 points (1.8%) from January 2004. The Food Commodities Index, at 115, is 1 point (0.9%) below last month but 2 points (1.8%) above January 2004.
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