USDA May Farm Prices - Jun 30

Date : 30/06/2020 @ 21:12
Source : Dow Jones News

USDA May Farm Prices - Jun 30

The index of prices received by U.S. farmers for their products in May was +3.9% From April, but -4.8% From a year earlier, the U.S. Department of Agriculture said Tuesday. May Prices Received Index Up 3.9 Percent The May Prices Received Index 2011 Base (Agricultural Production), at 88.2, increased 3.9 percent from April but decreased 4.8 percent from May 2019. At 94.5, the Crop Production Index was up 2.3 percent from last month and 11 percent from the previous year. The Livestock Production Index, at 82.6, increased 5.4 percent from April, but decreased 17 percent from May last year. Producers received higher prices during May for broilers, hogs, oranges, and cattle but lower prices for market eggs, milk, corn, and potatoes. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In May, there was increased monthly movement for cattle, sweet corn, hay, and strawberries and decreased marketing of soybeans, apples, hogs, and calves. May Prices Paid Index Up 0.1 Percent The May Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 108.8, is up 0.1 percent from April 2020 but down 1.9 percent from May 2019. Higher prices in May for feeder cattle, LP gas, nitrogen, and hay and forages more than offset lower prices for complete feeds, supplements, other services, and feeder pigs. Index Summary Table ========================================================================= 2019 2019 2020 2020 Index -------------------------------------------------------- Group Apr May Apr May ========================================================================= Prices Received 90.3 92.6 84.9 88.2 Prices Paid 110.7 110.9 108.7 108.8 Ratio 1/ 84 84 78 81 ========================================================================= 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 30, 2020 15:57 ET (19:57 GMT)

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