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Prices Received by U.S. Farmers Up From Last Year
WASHINGTON - Jan 31/07 - SNS -- January Farm Prices Received Index Increased 3 Points From Last Month
The preliminary All Farm Products Index of Prices Received by Farmers in January, at 124%, based on 1990-92=100, increased 3 points (2.5%) from December, reveals the latest USDA data.
The Crop Index is up 4 points (3.1%) and the Livestock Index increased 3 points (2.7%). Producers received higher commodity prices for corn, oranges, broilers, and eggs. Lower prices were received for cattle, tomatoes, calves, and grapefruit. 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 broilers, cotton, soybeans, and rice offset decreased marketings of oranges, tobacco, eggs, and cattle.
The preliminary All Farm Products Index is up 11 points (9.7%) from January 2006. The Food Commodities Index, at 123, increased 1 point (0.8%) from a month ago and 5 points (4.2%) from January 2006.
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