June Farm Prices Recieved Index Increased 4 Points

The preliminary All Farm Products Index of Prices Received by Farmers in June, at 200 percent, based on 1990-1992=100, increased 4 points (2.0 percent) from May. The Crop Index is up 8 points (3.6 percent) but the Livestock Index decreased 2 points (1.2 percent). Producers received higher prices for oranges, hogs, and corn and lower prices for eggs, cattle, wheat, and broilers.

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, hay, and corn offset the decreased marketing of cattle, oranges, milk, and broilers. The preliminary All Farm Products Index is up 17 points (9.3 percent) from June 2012. The Food Commodities Index, at 186, increased 4 points (2.2 percent) from last month and is 14 points (8.1 percent) higher than June 2012.

Prices Paid Index up 1 Point

The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 221 percent of the 1990-1992 average. The index is up 1 point (0.5 percent) from May and 7 points (3.3 percent) above June 2012. Higher prices in June for concentrates, nitrogen, other services, and feeder cattle more than offset lower prices for supplements, feeder pigs, and LP gas, and complete feeds.