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No Change in Prices Received by Farmers
WASHINGTON - May 31/05 - SNS -- There was little change in average prices received by farmers in the United States during May, with the result the USDA's preliminary All Farm Products Index of Prices Received by Farmers in
May was 122, based on 1990-92=100, the same as in April.
The Crop and Livestock Indices are unchanged. Producers received higher commodity prices for hogs, strawberries, hay, and potatoes. Lower prices were received for lettuce, broccoli, asparagus, and dairy. The overall index is also affected by the 3-year average seasonal change in the mix of commodities producers sell. Increased average marketings of cantaloup, sweet corn, grapes, and broilers offset decreased marketings of cattle, dairy, calves, and asparagus.
Preliminary All Farm Products Index is down 7 points (5.4%) from May 2004. The Food Commodities Index, at 126, is unchanged from last month but 5 points (3.8%) below May 2004.
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