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Prices Received by U.S. Farmers Up From Last Month
WASHINGTON - Sep 29/10 - SNS -- The preliminary All Farm Products Index of Prices Received by Farmers in September, at 150%, based on 1990-1992=100, increased 5 points (3.4%) from August, reveals today's USDA data.
The Crop Index is up 6 points (3.8%) and the Livestock Index increased 1 point (0.7%). Producers received higher prices for corn, wheat, broilers, and milk and lower prices for lettuce, eggs, soybeans, and strawberries. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly marketings of soybeans, corn, apples, and potatoes offset decreased marketings of cattle, wheat, broilers, and grapes.
The preliminary All Farm Products Index is up 24 points (19%) from September 2009. The Food Commodities Index, at 147, increased 1 point (0.7%) from last month and increased 22 points (18%) from September 2009.
The September Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 183% of the 1990-1992 average. The index is up 1 point (0.5%) from August and 7 points (4.0%) above September 2009. Higher prices in September for feed grains, complete feeds, concentrates, and LP gas more than offset lower prices for feeder cattle, diesel, potash & phosphate, and gasoline.
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