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U.S. On-Farm Prices Up Versus Last Year
WASHINGTON - Sep 27/07 - SNS -- September Farm Prices Received Index Advances 2 Points From Last Month
The preliminary All Farm Products Index of Prices Received by Farmers in September, at 142%, based on 1990-92=100, increased 2 points (1.4%) from August, shows the latest USDA statistics.
The Crop Index advanced 3 points (2.1%) and the Livestock Index increased 2 points (1.4%). Producers received higher commodity prices for wheat, lettuce, eggs, and cattle. Lower prices were received for hogs, corn, strawberries, and onions. 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 soybeans, corn, apples, and peanuts offset decreased marketings of cattle, wheat, broilers, and grapes.
The preliminary All Farm Products Index is up 23 points (19%) from September 2006. The Food Commodities Index, at 146, increased 3 points (2.1%) from a month ago and 24 points (20%) from September 2006.
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