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USDA Agricultural Prices


02 January 2013

USDA Agricultural Prices - 31 December 2012USDA Agricultural Prices - 31 December 2012

The December hog price, at $62.90 per cwt, is up $1.80 from November but 60 cents lower than a year ago.
USDA Agricultural Prices

December Farm Prices Received Index Declined 5 Points

The preliminary All Farm Products Index of Prices Received by Farmers in December, at 201 percent, based on 1990-1992=100, decreased 5 points (2.4 percent) from November. The Crop Index is down 8 points (3.4 percent) and the Livestock Index remained unchanged. Producers received lower prices for milk, lettuce, turkeys, and eggs and higher prices for soybeans, broilers, cattle, and grapes. 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 movement of wheat, milk, broilers, and hay offset the decreased marketing of corn, soybeans, cattle, and grapes.

The preliminary All Farm Products Index is up 22 points (12 percent) from December 2011. The Food Commodities Index, at 187, decreased 3 points (1.6 percent) from last month but increased 18 points (11 percent) from December 2011.

Prices Paid Index Down 1 Point

The December Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 217 percent of the 1990-1992 average. The index is down 1 point (-0.5 percent) from November but 11 points (5.3 percent) above December 2011. Lower prices in December for concentrates, complete feeds, LP gas, and gasoline more than offset higher prices for feeder pigs, feeder cattle, nitrogen, and potash & phosphate.

Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 1990-1992 Base – United States: December 2012 with Comparisons
Index December November December
2011 2012 2012
Prices received by farmers 179 206 201
Prices paid by farmers 206 218 217
Ratio of prices received to prices paid 87 94 93

Prices Received by Farmers

The December All Farm Products Index is 201 percent of its 1990-1992 base, down 2.4 percent from the November index but 12 percent above the December 2011 index.

All crops: The December index, at 228, decreased 3.4 percent from November but is 15 percent above December 2011. Index decreases for fruits & nuts, feed grains & hay, and commercial vegetables more than offset the index increases for oilseeds and food grains.

Food grains: The December index, at 268, is 1.1 percent above the previous month and 13 percent above a year ago. The December price for all wheat, at $8.33 per bushel, is down 13 cents from November but $1.13 above December 2011.

Feed grains & hay: The December index, at 299, is down 1 percent from last month but 19 percent above a year ago. The corn price, at $7.01 per bushel, is down 1 cent from last month but $1.15 above December 2011. The all hay price, at $192 per ton, is down $1.00 from November but up $18.00 from last December. Sorghum grain, at $12.30 per cwt, is 10 cents below November but $1.80 above December last year.

Cotton, Upland: The December index, at 114, is up 0.9 percent from November but 22 percent below last year. The December price, at 68.8 cents per pound, is up 0.4 cents from the previous month but 20.1 cents below last December.

Oilseeds: The December index, at 261, is up 3.6 percent from November and 23 percent higher than December 2011. The soybean price, at $14.70 per bushel, increased 40 cents from November and is $3.20 higher than December 2011.

Fruits & nuts: The December index, at 183, is down 9.0 percent from November but 16 percent higher than a year ago. Price decreases for oranges and lemons more than offset the increase in prices for grapes and apples.

Commercial vegetables: The December index, at 134, is down 9.5 percent from last month and 1.5 percent below December 2011. Price declines for lettuce and broccoli more than offset price increases during December for onions and tomatoes.

Potatoes & dry beans: The December index, at 139, is down 3.5 percent from last month and 17 percent below December 2011. The all potato price, at $7.26 per cwt, is down 13 cents from November and $1.80 lower than last December. The all dry bean price, at $36.70 per cwt, is down $2.50 from the previous month and $5.30 below December 2011.

Livestock and products: The December index, at 168, is unchanged from last month but up 7.0 percent from December 2011. Compared with a year ago, prices are higher for broilers, milk, cattle, and calves. Prices for eggs, turkeys, and hogs are down from last year.

Meat animals: The December index, at 161, is up 0.6 percent from last month and 3.2 percent higher than last year. The December hog price, at $62.90 per cwt, is up $1.80 from November but 60 cents lower than a year ago. The December beef cattle price of $125 per cwt is up $2.00 from last month and $5.00 higher than December 2011.

Dairy products: The December index, at 162, is down 3.6 percent from a month ago but 7.3 percent higher than December last year. The December all milk price of $21.10 per cwt is 90 cents less than last month but up $1.40 from December 2011.

Poultry & eggs: The December index, at 185, is up 0.5 percent from November and 14 percent above a year ago. The December market egg price, at 95.7 cents per dozen, decreased 6.3 cents from November and is 14.3 cents less than December 2011. The December broiler price, at 60.0 cents per pound, is up 3.0 cents from November and 13.0 cents higher than a year ago. The December turkey price, at 66.9 cents per pound, is down 8.2 cents from the previous month and 4.6 cents below last year.

Received Indexes by Month, Livestock Products, All Products, and All Crops – United States: 1990-1992=100

Received Indexes by Month, Food Grains, Feed Grains & Hay, and Oilseeds – United States: 1990-1992=100

Received Indexes by Month, Meat Animal, Dairy Product, and Poultry & Egg – United States: 1990-1992=100

January 2013

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