USDA Oct Farm Prices - Nov 30
November 30 2020 - 03:35PM
Dow Jones News
The index of prices received by U.S. farmers for their products
in October was -0.2% From September, but +3.3% From a year earlier,
the U.S. Department of Agriculture said Monday. October Prices
Received Index Down 0.2 Percent The October Prices Received Index
2011 Base (Agricultural Production), at 88.8, decreased 0.2 percent
from September but increased 3.3 percent from October 2019. At
87.7, the Crop Production Index is down 6.4 percent from last month
but up 5.5 percent from October 2019. The Livestock Production
Index, at 90.6, increased 7.7 percent from September, but is
unchanged from October 2019. Producers received higher prices
during October for milk, hogs, market eggs, and broilers but lower
prices for potatoes, rice, dry beans, and sunflowers. In addition
to prices, the indexes are influenced by the volume change of
commodities producers market. In October, there was increased
monthly movement for soybeans, corn, cotton, and calves and
decreased marketing of cattle, milk, broilers, and grapes. October
Prices Paid Index Up 0.7 Percent The October Prices Paid Index for
Commodities and Services, Interest, Taxes, and Farm Wage Rates
(PPITW), at 111.1, is up 0.7 percent from September 2020 and 0.6
percent from October 2019. Higher prices in October for complete
feeds, feeder pigs, concentrates, and feed grains more than offset
lower prices for diesel, other services, gasoline, and wage rates.
Index Summary Table
=========================================================================
2019 2019 2020 2020 Index
-------------------------------------------------------- Group Sep
Oct Sep Oct
=========================================================================
Prices Received 88 86.0 89.0 88.8 Prices Paid 109.6 110.4 110.3
111.1 Ratio 1/ 80 78 81 80
=========================================================================
1/ Ratio of index of prices received by farmers to index of prices
paid by farmers. Write to Rodney Christian at
csstat@dowjones.com
(END) Dow Jones Newswires
November 30, 2020 15:20 ET (20:20 GMT)
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