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U.S. ag income unchanged in August

U.S. agricultural income held steady in August.

The USDA says higher prices for milk, calves, peaches, and cotton were canceled out by lower prices for broilers, hogs, corn and cattle. The prices paid index came out at 90.0%, with the crop index at 85.0%, up 2.3% on the month, and the livestock index at 94.1%, down 2.3%.

Input costs were down 0.8% on the month with lower prices for concentrates, nitrogen, feed grains, and complete feeds negating higher prices for feeder cattle, repairs, herbicides, and self-propelled machinery.

Compared to a year ago, the received index is down 12% and the paid index is 4.0% lower.