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Ag Commodity Prices Remain Below Last Year
OTTAWA - Jul 26/06 - SNS -- Prices Canadian farmers received for their commodities fell 1.4% below year earlier levels in May, according to Statistics Canada, coming in at 96.7 points, up 0.9% from April.
Prices for livestock and animal products slumped 0.3% in May from their levels a year earlier. The fourth consecutive month of year-over-year decreases in this index is largely attributable to lower hog prices.
Prices for crops showed little change overall, dropping a marginal 0.1% from May 2005. As has been the case for most of the past year, stronger prices for potatoes, fruit and vegetables were unable to completely offset lower prices for grains, oilseeds and speciality crops.
On a monthly basis, prices farmers received for crops edged up 0.2% in May compared to April as oilseed, speciality crop and fruit prices rose.
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