The Preliminary All Farm Products Index of Prices Received by Farmers in June increased 3.8% compared to May. The Crop Index jumped 8% higher while the Livestock Index slipped .9%. The National Ag Statistics Service says producers were paid more for soybeans, broilers, tomatoes and cantaloupes and less for cattle, milk, hay and strawberries.
In the Crop Index, producers were paid an average $3.39 per bushel for corn in June, down 4 cents from May. The June all wheat price paid to farmers was $5.69 per bushel, 15 cents lower than in May. All hay was $8.00 per ton lower at $123 per ton. The big jump was from soybeans which gained 90 cents per bushel from May to average $11.60 per bushel. Sorghum grain was a dime higher averaging $6.08 per bushel.
Cattle, hogs and milk all helped pull the Livestock Index down for the month. June beef cattle averaged $80.80 per hundredweight down $2.40 from May. Hogs dropped 60 cents to average $43.90 while the all-milk price was 20 cents lower at $11.40 per cwt. Fluid grade milk was 20 cents lower while manufacturing grade was 10-cents higher.
Poultry and Egg Index was up 3.5% from June. While eggs slipped 2.6 cents to average 38.6 cents per dozen in June, broilers were 2 cents higher at 51 cents per pound and turkeys gained 2.2 cents to average 52.3 cents for the month.
The overall Index of Prices Paid by Farmers was up 1% from May as producers paid more for gasoline, diesel, LP and complete feeds. They paid less for feeder pigs, feeder cattle, hay and forages and mixed fertilizer.
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