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USDA: farmers made more in November

The USDA says farmers made more in November than in October, while paying roughly the same amount.

The index of prices received for November was up 4.5% on the month with gains in soybeans, cattle, market eggs, and lettuce, which canceled out losses in hogs, milk, cotton, and hay.

The dairy index was down 1.2% from October, but up 24% from November 2021, with an all-milk price of $25.60 per hundredweight, which was $.30 lower than the previous month, but $4.90 higher than last year.

The index of prices paid held as increases for feeder cattle, feeder pigs, concentrates, and nitrogen equaled decreases in hay and forages, complete feeds, other services, and other machinery.

Year to year, the index of prices received was up 23% from November 2021 and the index of prices paid was 11% higher.

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