News

USDA June ag prices paid, received both down 0.1% from May

U.S. farmers made and paid fractionally less in June than they did in May.

The USDA’s index of prices received lost 0.1% on the month, as lower prices for cattle, celery, and tomatoes cancelled out gains in hogs, milk, and some citrus. The livestock index was 0.6% higher than the previous and 9.6% above a year ago, with the crop index up 0.3% on the month, but down 1.4% on the year.

The prices paid index was also 0.1% lower, with decreases in feeder pigs, hay and forages, concentrates, and complete feeds against increases in cost for feeder cattle, tractors, services and repairs, and other services.

Compared to June 2016, the prices received index was up 4.6%, while the paid index is 0.3% higher.