USDA: producers made, paid more in March
The USDA says producers made and paid more in March than in February.
The monthly index of prices received gained 2.6%, with the crop index up 1.2% and the livestock index 4.1% higher, with price increases for soybeans, hogs, market eggs, and lettuce cancelling out decreases in cotton, oranges, strawberries, and celery.
The dairy index for March 2021 was 1.8% higher than in February, but 2.8% lower than March 2020. The all-milk price of $17.40 per hundredweight was up $.30 on the month, but down $.50 on the year.
The index of prices paid was up 0.8%, with greater costs for feed pigs, nitrogen, potash, phosphate, and diesel cancelling out declines in feeder cattle, LP gas, concentrates, grasses, and legumes.
Year to year, the index of prices received for March 2021 was 6.4% higher than in March 2020, crops were jumped 14% and livestock was 0.2% higher, and the index of prices paid was up 1.9%.
The indices for April will be out May 28th.