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A little less profitable on the farm in September

The Preliminary Index of Prices Received by Farmers in September decreased 2.8 percent from August.  The September Crop Index decreased 3.3 percent from August.  Corn averaged $3.38 per bushel down 25 cents from August.  Soybeans decreased $1.20 to average $11.20 per bushel, all wheat was 26 cents lower at $5.72 and all-hay fell $9 to $176 per ton.

The Livestock Index was unchanged from August.  Hogs were down $9.80 to average $73.40 per hundredweight.  Beef cattle were $2 lower at $156 per hundredweight.  The September all milk price increased 90 cents from August to average $25 per hundredweight.  Broilers increased a nickel to 66 cents per pound, turkeys were 1.7 cents higher at 77.3 cents per pound and eggs decreased 3.6 cents to average 82.5 cents per dozen.

The Index of Prices Paid by Farmers was unchanged from August.  Higher prices for feeder cattle, potash, phosphate, herbicides and LP gas were offset by lower prices for complete feeds, feed grains, hay and forages and feeder pits.

The Prices Received by Farmers in September were 2.9 percent above September of 2013.  Prices Paid by Farmers in September were 3.7 percent above a year ago.

 

Read the full NASS report here:

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