USDA Dec Farm Prices - Jan 29

   WASHINGTON -(Dow Jones)- The index of prices received by U.S. farmers 
for their products in December was -1.8% From November, but +0.3% From 
a year earlier, the U.S. Department of Agriculture said Friday. 
 
December Prices Received Index Down 1.8 Percent 
 
The December Prices Received Index 2011 Base (Agricultural Production), at 
91.4, decreased 1.8 percent from November but increased 0.3 percent from 
December 2019. At 91.8, the Crop Production Index was down 0.5 percent from 
last month but up 6.6 percent from the previous year. The Livestock 
Production Index, at 90.9, decreased 3.5 percent from November and 
6.4 percent from December 2019. Producers received higher prices during 
December for broilers, corn, soybeans, and cattle but lower prices for milk, 
lettuce, market eggs, and oranges. In addition to prices, the volume change 
of commodities marketed also influences the indexes. In December, there was 
increased monthly movement for oranges, broilers, cotton, and milk and 
decreased marketing of corn, grapes, soybeans, and calves. 
 
December Prices Paid Index Up 0.7 Percent 
 
The December Prices Paid Index for Commodities and Services, Interest, Taxes, 
and Farm Wage Rates (PPITW), at 112.7, is up 0.7 percent from November 2020 
and 1.6 percent from December 2019. Higher prices in December for complete 
feeds, LP gas, feeder pigs, and diesel more than offset lower prices for 
feeder cattle, herbicides, insecticides, and fungicides. 
 
 
                          Index Summary Table 
========================================================================= 
                      2019           2019           2020           2020 
   Index         -------------------------------------------------------- 
   Group               Nov            Dec            Nov            Dec 
========================================================================= 
 
Prices Received       90.4           91.1           93.1           91.4 
Prices Paid          110.6          110.9          111.9          112.7 
Ratio 1/                81             82             83             81 
========================================================================= 
1/  Ratio of index of prices received by farmers to index of prices paid by 
    farmers. 
Write to Rodney Christian at [e-mail] 
 

(END) Dow Jones Newswires

01-29-21 1521ET