News

A little less-profitable on the farm in June

The Index of Prices Received by Farmers in June decreased 1.9 percent from May. Lower prices for cattle, broilers and hay more than offset higher prices for eggs, onions and lettuce.

The Crop Index was 2.2 percent lower; corn averaged $3.58 per bushel down 4 cents from May. Soybeans were 2 cents lower at $9.58, all wheat increased a dime to $5.43 per bushel while all hay was $13 lower at $162 per ton. Alfalfa hay was $14 cheaper at $178 per ton.

The Livestock Index decreased 0.8 percent in June; beef cattle averaged $155 per hundredweight down $5. Hogs increased a dollar to $59.90 per hundredweight. The June all-milk price gained 20 cents to $16.90 per hundredweight. Eggs gained 32 cents to $1.93 per dozen, broilers were 3 cents lower at 62 cents per pound while turkeys increased 5.3 cents to average 81.2 cents per pound.

The June Index of Prices Paid by Farmers unchanged from May. Lower prices for feeder pigs, complete feeds, hay and forages and LP was equal to higher prices for feeder cattle, supplements, gasoline and other services.

Compared to a year ago, the Index of Prices Received by Farmers is down 7.1 percent while prices paid are 3.5 percent lower.

Read the full NASS report here: