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U.S. Farms Prices Index Unchanged
WASHINGTON - Jun 29/05 - SNS -- Average prices received by farmers in the United States for the commodities they produced were basically unchanged from May, while sitting 2% above year earlier levels, according to the USDA.
The preliminary All Farm Products Index of Prices Received by Farmers in June, at 120, based on 1990-92=100, is unchanged from May.
The Crop Index is up 2 points (1.7%), but the Livestock Index decreased 3 points (2.5%). Producers received higher commodity prices for lettuce, soybeans, broccoli, grapefruit, and potatoes. Lower prices were received for cattle, hogs, strawberries, dairy products, and tomatoes.
The overall index is also affected by the seasonal change based on a 3-year average mix of commodities a producer sells. Increased average marketings of wheat, grapes, hay, and cantaloup offset decreased marketings of tomatoes, oranges, sweet corn, and strawberries.
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