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U.S. Grower Returns Drop in OctoberWASHINGTON - Oct 31/05 - SNS -- Prices received by American farmers declined in October, with the USDA's preliminary All Farm Products Index of Prices Received by Farmers dropping seven points during the month to 110, based on 1990-92=100. The Crop Index is down 11 points (9.8%) while the Livestock Index is unchanged. Producers received lower commodity prices for broilers, corn, eggs, and soybeans. Higher prices were received for cattle, sweet corn, wheat, and turkeys. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities a producer sells. Decreased average marketings of dairy, sweet corn, grapes, and wheat offset increased marketings of soybeans, corn, cotton, and cottonseed.
Index Numbers of Prices Received, United States,
October 2005, with Comparisons
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: 1910-14=100 : 1990-92=100
:------------------------------------------------------
Index : : 2004 : 2005 : 2004 : 2005
:Average :---------------------------------------------
:1990-92 : Oct : Sep : Oct : Oct : Sep : Oct
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:
All Farm Products : 639 723 *741 700 114 *117 110
:
All Crops : 500 548 *550 500 111 *112 101
Food Grains : 325 363 *353 366 114 *111 115
Feed Grains & Hay : 363 345 *336 296 96 *94 83
Cotton : 517 428 *374 396 83 *73 77
Tobacco 1/ : 1,263 1,661 110
Oil-Bearing Crops : 554 529 *511 512 97 *93 93
Fruits & Nuts : 716 1,103 1,065 1,052 158 *152 151
Commercial Vegetables : 698 1,102 *889 760 165 *133 114
Potatoes & Dry Beans : 540 450 *525 483 89 *104 95
Other Crops : 493 569 578 578 115 117 117
:
Livestock & Products : 768 902 *937 934 118 *122 122
Meat Animals : 1,021 1,203 *1,207 1,239 118 *119 122
Dairy Products : 799 959 *940 946 119 *117 118
Poultry & Eggs : 282 322 *359 334 114 134 125
:
Food Commodities : 118 121 115
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* Revised.
1/ Monthly prices discontinued July 2005.
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