The Preliminary Index of Prices Received by Farmers in December decreased 2.4 percent from November. The Crop Index declined 3.4 percent while the Livestock Index was unchanged.
The average price of corn was a penny lower at $7.01 per bushel, soybeans increased 40 cents to average $14.70 per bushel, all wheat declined 13 cents to average $8.33 per bushel and all hay was down $1.00 to $192 per ton.
On the livestock side, the December hog price averaged $62.90 per hundredweight up $1.80 from November. Beef cattle were $2.00 higher at $125 per hundredweight. The all milk price in December slipped 90 cents to average $21.10 per hundred. Eggs decreased 6.3 cents to 95.7 cents per dozen, broilers increased 3 cent to average 60 cents per pound and turkeys were 8.2 cents cheaper at 66.9 cents per pound.
The Index of Prices Paid by Farmers in December decreased a half-percent from November. Lower prices for concentrates, complete feeds, LP gas and gasoline more than offset higher prices for feeder pigs, feeder cattle, nitrogen, potash and phosphate.
Compared to December of 2011, the prices received by farmers are 12 percent higher while the prices paid are 5.3 percent higher.
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