USDA indices of prices received, paid up on month
Producers made and paid more in August than in July.
The USDA’s index of prices received was up 1% on the month, with a 2.9% rise in the crop index cancelling out a 0.5% in the livestock index. Prices moved higher for cattle, hogs, soybeans, and market eggs and lower for corn, milk, broilers, and lettuce.
The index of prices paid increased by 0.2% with gains in feeder cattle, feeder pigs, LP gas and supplies cancelling out losses in feed grains, complete feeds, nitrogen, and other services.
Year to year, the index of prices received was down 3.5%, including a 3.7% decrease for crops and a 10% drop in livestock, and the index of prices paid was unchanged.
The dairy index for August was down 8.3% from July and 0.5% from August 2019, with an all milk price of $18.80 per hundredweight, a decrease of $1.70 on the month and $.10 on the year.