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USDA Apr Farm Prices - Jun 24

25 Jun 2017 1:43 am
    WASHINGTON (Dow Jones)--The index of prices received by U.S. farmers 
for their products in April was +2.0% From March, and +4.4% From 
a year earlier, the U.S. Department of Agriculture said. 
 
April Prices Received Index Increased 2.0 Percent 
 
The April Prices Received Index (Agricultural Production), at 96.7, increased 
2.0 percent from March 2017. At 93.1, the Crop Production Index increased 
6.5 percent. At 99.5, the Livestock Production Index decreased 1.1 percent. 
Producers received higher prices for lettuce, cattle, broilers, and broccoli 
but lower prices for market eggs, milk, hogs, and strawberries. Compared with 
a year earlier, the Prices Received Index is up 4.4 percent. The Crop 
Production Index increased 8.8 percent and the Livestock Production Index is 
up 2.2 percent. In addition to prices, the indexes are influenced by the 
monthly mix of commodities producers market. Increased monthly movement of 
oranges, lettuce, milk, and strawberries offset the decreased marketing of 
corn, cattle, soybeans, and hay. The Food Commodities Index, at 101.8, 
increased 1.4 percent from the previous month and is up 5.6 percent from 
April 2016. 
 
April Prices Paid Index Up 0.4 Percent 
 
The April Prices Paid Index for Commodities and Services, Interest, Taxes, 
and Farm Wage Rates (PPITW), at 106.9, is up 0.4 percent from March 2017 and 
is up 0.8 percent from April 2016. Higher prices for feeder cattle, 
hay & forages, nitrogen, and other services more than offset lower prices for 
feeder pigs, wage rates, complete feeds, and concentrates. 
 
                          Index Summary Table 
========================================================================= 
                      2015           2015           2016           2016 
   Index         -------------------------------------------------------- 
 1990-92=100           Apr            May            Apr            May 
========================================================================= 
 
Prices Received       92.6           92.6           94.8           96.7 
Prices Paid          106.5          106.1          106.5          106.9 
Ratio 1/                88             88             89             91 
========================================================================= 
1/  Ratio of index of prices received by farmers to index of prices paid by 
    farmers. 
Write to Rodney Christian at csstat@dowjones.com 
 

(END) Dow Jones Newswires

June 24, 2017 21:43 ET (01:43 GMT)

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