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No Change in Feb farm Prices Received
WASHINGTON - Feb 28/06 - SNS -- The preliminary USDA'S all Farm Products Index of Prices Received by Farmers in February, at 113, based on 1990-92=100, is unchanged from January.
The Crop Index is up 5 points (4.6%) but the Livestock Index decreased 4 points (3.4%). Producers received higher commodity prices for oranges, wheat, hay, and hogs. Lower prices were received for cattle, tomatoes, milk, and eggs.
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, milk, broilers, and strawberries offset decreased marketings of corn, soybeans, wheat, and cotton.
Preliminary All Farm Products Index is down 1 point (0.9%) from February 2005. The Food Commodities Index, at 116, decreased 2 points (1.7%) from last month and decreased 2 points (1.7%) from February 2005.
The February All Farm Products Index is 113% of its 1990-92 base, unchanged from the January index but 0.9% below the February 2005 index.
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