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Average Prices Received by U.S. Farmers Up From Last Month
WASHINGTON - Dec/06 - SNS -- December Farm Prices Received Index Increased 1 Point From Last Month
The preliminary All Farm Products Index of Prices Received by Farmers in December, at 121%, based on 1990-92=100, increased 1 point (0.8%) from November, reveals the latest USDA report.
The Crop Index is up 6 points (4.9%) but the Livestock Index decreased 3 points (2.6%). Producers received higher commodity prices for lettuce, corn, grapes, and broccoli. Lower prices were received for turkeys, cattle, hogs, and tomatoes. 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 oranges, wheat, milk, and broilers offset decreased marketings of cattle, soybeans, grapes, and corn.
The preliminary All Farm Products Index is up 6 points (5.2%) from December 2005. The Food Commodities Index, at 123, increased 2 points (1.7%) from last month and 1 point (0.8%) from December 2005.
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