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U.S. Farm Prices Down in December
WASHINGTON - Dec 30/05 - SNS -- The preliminary All Farm Products Index of Prices Received by Farmers in December, at 114, based on 1990-92=100, increased 1 point (0.9%) from November, according to the USDA.
The Crop Index is up 4 points (3.8%) but the Livestock Index decreased 2 points (1.7%). Producers received higher commodity prices for tomatoes, corn, strawberries, and lettuce. Lower prices were received for oranges, broilers, dairy, and grapes.
The overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased average marketings of dairy, wheat, oranges, and broilers offset decreased marketings of cattle, soybeans, grapes, and corn.
The December All Farm Products Index is 114% of its 1990-92 base, up 0.9% from the November index and 2.7% above the December 2004 index.
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