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U.S. On-Farm Prices Up From Last Year
WASHINGTON - Dec 28/07 - SNS -- December Farm Prices Received Index Advanced 5 Points From Last Month
The preliminary All Farm Products Index of Prices Received by Farmers in December, at 151%, based on 1990-92=100, increased 5 points (3.4%) from November, reveals the current USDA statistics.
The Crop Index is up 10 points (6.5%) but the Livestock Index is unchanged. The All Farm Index and All Crop Index are at record highs. Producers received higher commodity prices for tomatoes, corn, soybeans, and wheat. Lower prices were received for oranges, turkeys, snap beans, and broilers. 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 wheat, milk, oranges, and broilers offset decreased marketings of soybeans, cattle, corn, and grapes.
The preliminary All Farm Products Index is up 31 points (26%) from December 2006. The Food Commodities Index, at 158, increased 7 points (4.6%) from last month and increased 37 points (31%) from December 2006.
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