News
August prices indices up on month, year
The USDA says producers made and paid more in August than in July.
The index of prices received gained 2.3% on the month, including a 2.9% rise in crops and 1.7% increase for livestock, with higher prices for corn, wheat, market eggs, and strawberries cancelling out lower prices for soybeans, milk, grapes, and lemons.
The dairy index for August was down 1.1% from a month ago and 4.8% from A year ago, with an all milk price of $17.70 per hundredweight, a decrease of $.20 on the month and $.90 on the year.
The index of prices paid was up 0.3%, thanks to increases for feeder cattle, mixed fertilizer, other machinery, and other services, against decreases for complete feeds, supplements, and concentrates.
Year-to-year, the index of prices received was 26% above August 2020 and the index of prices paid had a rise of 7.4%.
