WASHINGTON -(Dow Jones)- The index of prices received by U.S. farmers
for their products in July was -2.0% From June, and -4.3% From
a year earlier, the U.S. Department of Agriculture said Friday.
July Prices Received Index Down 2.0 Percent
The July Prices Received Index 2011 Base (Agricultural Production), at 87.4,
decreased 2.0 percent from June and 4.3 percent from July 2019. At 90.0, the
Crop Production Index was down 2.0 percent from last month but up 0.9 percent
from the previous year. The Livestock Production Index, at 84.5, decreased
2.5 percent from June, and 9.8 percent from July last year. Producers
received higher prices during July for milk, market eggs, potatoes, and corn
but lower prices for cattle, broilers, hogs, and oranges. In addition to
prices, the indexes are influenced by the volume change of commodities
producers market. In July, there was increased monthly movement for grapes,
wheat, hay, and tomatoes and decreased marketing of milk, oranges, cattle,
and strawberries.
July Prices Paid Index Up 0.5 Percent
The July Prices Paid Index for Commodities and Services, Interest, Taxes, and
Farm Wage Rates (PPITW), at 109.7, is up 0.5 percent from June 2020 but down
0.8 percent from July 2019. Higher prices in July for feeder cattle, other
services, herbicides, and milk cows more than offset lower prices for
nitrogen, potash and phosphate, concentrates, and LP gas.
Index Summary Table
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2019 2019 2020 2020
Index --------------------------------------------------------
Group Jun Jul Jun Jul
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Prices Received 93.8 91.3 89.2 87.4
Prices Paid 110.4 110.6 109.2 109.7
Ratio 1/ 85 82 82 79
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1/ Ratio of index of prices received by farmers to index of prices paid by
farmers.
Write to Rodney Christian at csstat@dowjones.com