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USDA Agricultural Prices


28 March 2014

USDA Agricultural Prices - 28 March 2014USDA Agricultural Prices - 28 March 2014


USDA Agricultural Prices

March Farm Prices Received Index Up 5 Points

The preliminary All Farm Products Index of Prices Received by Farmers in March, at 111 percent, based on 2011=100, increased 5 points (4.7 percent) from February. The Crop Index is up 2 points (2.2 percent) and the Livestock Index increased 6 points (5.0 percent). Producers received higher prices for broilers, hogs, corn, and cattle and lower prices for market eggs, grapefruit, and sunflowers. 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 cattle, milk, and calves offset the decreased marketing of cotton, soybeans, and hay.

The preliminary All Farm Products Index is up 1 point (0.9 percent) from March 2013. The Food Commodities Index, at 121, increased 5 points (4.3 percent) from last month and increased 12 points (11 percent) from March 2013.

Prices Paid Index Unchanged

The March Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is at 107 (2011=100). The index is unchanged from February but 1 point (0.9 percent) above March 2013. Higher prices in March for feeder cattle, feeder pigs, concentrates, and nitrogen offset lower prices for LP gas, supplements, tractors, and complete feeds.

Prices Received by Farmers

The March All Farm Products Index is 111 percent of its 2011 base, up 4.7 percent from the February index and 0.9 percent above the March 2013 index.

All crops: The March index, at 95, increased 2.2 percent from February but is 15 percent below March 2013. The index increase for oilseeds & grains more than offset the index decrease for fruit & tree nut production.

Food grains: The March index, at 103, is 6.2 percent above the previous month but 3.7 percent below a year ago. The March price for all wheat, at $6.90 per bushel, is up 41 cents from February but 89 cents below March 2013.

Feed grains: The March index, at 76, is up 4.1 percent from last month but 36 percent below a year ago. The corn price, at $4.54 per bushel, is up 19 cents from last month but $2.59 below March 2013. Sorghum grain, at $8.18 per cwt, is 53 cents above February but $4.02 below March last year.

Oilseeds: The March index, at 108, is up 3.8 percent from February but 6.9 percent lower than March 2013. The soybean price, at $13.60 per bushel, increased 40 cents from February but is $1.00 below March 2013.

 Fruits & nuts: The March index, at 122, is unchanged from February but 18 percent higher than a year ago. Price increases for oranges and lemons offset price decreases for grapefruit and tangerines.

Commercial vegetables: The March index, at 94, is unchanged from last month but 18 percent below March 2013.

Other crops: The March index, at 98, is up 2.1 percent from last month but 3.9 percent below March 2013. The all hay price, at up $173 per ton, is up $5.00 from February but $22.00 lower than last March. The price for upland cotton, at 80.3 cents per pound, is up 1.3 cents from February and 2.8 cents above last March.

Livestock and products: The March index, at 127, is 5.0 percent above last month and up 18 percent from March 2013. Compared with a year ago, prices are higher for milk, cattle, hogs, calves, eggs, and turkeys. The price for broilers is down from last year.

 Meat animals: The March index, at 126, is up 5.0 percent from last month and 21 percent higher than last year. The March hog price, at $75.90 per cwt, is up $10.40 from February and $16.70 higher than a year ago. The March beef cattle price of $147 per cwt is up $3.00 from last month and $22.00 higher than March 2013.

Dairy products: The March index, at 126, is up 1.6 percent from a month ago and 33 percent higher than March last year. The March all milk price of $25.40 per cwt is up 50 cents from last month and $6.30 from March 2013.

 Poultry & eggs: The March index, at 133, is up 9.0 percent from February and 0.8 percent above a year ago. The March market egg price, at $1.05 per dozen, decreased 18.0 cents from February but is 9.8 cents higher than March 2013. The March broiler price, at 65.0 cents per pound, is up 10.0 cents from February but 1.0 cent below a year ago. The March turkey price, at 67.0 cents per pound, is up 0.6 cents from the previous month and 2.0 cents higher than a year earlier.

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