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U.S. Commodity Prices Slip in August
WASHINGTON - Aug 31/05 - SNS -- Prices received by farmers in the United States inched down in August, according to the USDA, with the preliminary All Farm Products Index of Prices Received by Farmers sitting at 117, based on 1990-92=100, decreased 1 point (0.8 percent) from July.
The Crop Index is down 2 points (1.7 percent) while the Livestock Index decreased 1 point (0.8 percent). Producers received lower commodity prices for corn, soybeans, eggs, and sweet corn. Higher prices were received for lettuce, peaches, strawberries, and turkeys.
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 cattle, grapes, sweet corn, and calves offset decreased marketings of wheat, hay, milk, and broilers.
Preliminary All Farm Products Index is down 3 points (2.5 percent) from August 2004. The Food Commodities Index, at 120, is unchanged from last month but decreased 3 points (2.4 percent) from August 2004.
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