News

USDA: producers paid slightly more in January

The USDA says producers made less and paid a little more in January than in December.

The index of prices received was down 2.2% on the month, with a 3.5% decrease for the crop index cancelling out a 1% increase for livestock. Prices were down for market eggs, milk, lemons, and oranges, and up for cattle, broilers, broccoli, and lettuce.

The dairy index for January was down 5.3% from December but up 18% from January 2019. The all milk price of $19.60 per hundredweight was $1.10 less than the previous month, but $3.00 more than the year before.

The index of prices paid was 0.2% percent higher on gains in feeder cattle, feeder pigs, interest rates, and rent against losses for herbicides, mixed fertilizer, LP gas, and nitrogen.

Year to year, the January prices received index was up 2.5%, crops were up 4.6% and livestock was 0.4% higher, and the prices paid index was down 0.1%.