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Farm Input Costs in the U.S. Down Versus Last Month
WASHINGTON - Jul 31/07 - SNS -- The July Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 158% of the 1990-92 average, judging from the current USDA update.
The index is unchanged from June but 9 points (6.0%) above July 2006. Lower prices in July for feed grains, feeder pigs, LP gas, and gasoline offset higher prices for feeder cattle, complete feeds, milk cows, and nitrogen fertilizers.
The July Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 158 (1990-92=100), is unchanged from June 2007 but up 6.0% from July 2006.
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