USDA Agricultural Prices
28 March 2013
USDA Agricultural Prices - 27 March 2013
March Farm Prices Received Index Up 3 Points
The preliminary All Farm Products Index of Prices Received by Farmers in March, at 202 percent, based on 1990-1992=100, increased 3 points (1.5 percent) from February. The Crop Index is up 5 points (2.1 percent) and the Livestock Index increased 3 points (1.9 percent). Producers received higher prices for lettuce, broilers, corn, and eggs and lower prices for hogs, milk, wheat, and onions. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of strawberries, corn, broilers, and milk offset the decreased marketing of cattle, soybeans, cotton, and hay.
The preliminary All Farm Products Index is up 18 points (9.8 percent) from March 2012. The Food Commodities Index, at 185, increased 2 points (1.1 percent) from last month and is 13 points (7.6 percent) higher than March 2012.
Prices Paid Index Unchanged
The March Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 221 percent of the 1990-1992 average. The index is unchanged from February but 8 points (3.8 percent) above March 2012. Higher prices in March for nitrogen, feed grains, mixed fertilizer, and supplements offset lower prices for feeder cattle, feeder pigs, potash & phosphate, and diesel.
Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 1990-1992 Base – United States: March 2013 with Comparisons
March 2013
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