Producers made, paid more in November
The USDA says producers made and paid more in November than in October.
The index of prices received rose 1.9 percent on gains for corn, soybeans, cattle, hogs, milk, broiler chickens and eggs.
The index of prices received was up seven tenths of a percent led by gains in dairy, feed grain and oilseeds.
Year to year, the index of prices received was up 17 percent from November 2020, while the index of prices paid was up more than eight percent.
The USDA’s dairy index for November 2021 was up 5.6 percent from October, but down 1.4 percent from November 2020.
The all milk price was $20.80 per hundredweight, an increase of $1.10 on the month, but a decrease of 30 on the year.