USDA Jan Farm Prices - Feb 26
February 26 2021 - 3:38PM
Dow Jones News
The index of prices received by U.S. farmers for their products
in January was -1.4% From December, but +1.2% From a year earlier,
the U.S. Department of Agriculture said Friday. January Prices
Received Index Down 1.4 Percent The January Prices Received Index
2011 Base (Agricultural Production), at 90.0, decreased 1.4 percent
from December but increased 1.2 percent from January 2020. At 88.8,
the Crop Production Index was down 3.1 percent from last month but
up 7.6 percent from the previous year. The Livestock Production
Index, at 91.7, increased 0.9 percent from December, but decreased
6.9 percent from January 2020. Producers received lower prices
during January for milk, broilers, cauliflower, and broccoli, but
higher prices for corn, market eggs, celery, and soybeans. In
addition to prices, the volume change of commodities marketed also
influences the indexes. In January, there was decreased marketing
of broilers, greenhouse & nursery, apples, and market eggs and
increased monthly movement for soybeans, corn, strawberries, and
lettuce. January Prices Paid Index Up 0.8 Percent The January
Prices Paid Index for Commodities and Services, Interest, Taxes,
and Farm Wage Rates (PPITW), at 113.1, is up 0.8 percent from
December 2020 and 2.0 percent from January 2020. Higher prices in
January for LP gas, complete feeds, feeder pigs, and feed grains
more than offset lower prices for feeder cattle, share rent, cash
rent, and wage rates. Index Summary Table
=========================================================================
2019 2019 2020 2020 Index
-------------------------------------------------------- Group Dec
Jan Dec Jan
=========================================================================
Prices Received 91.1 88.9 91.3 90.0 Prices Paid 110.9 110.9 112.2
113.1 Ratio 1/ 82 80 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
February 26, 2021 15:23 ET (20:23 GMT)
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