May Farm Prices Received Index Up 2.0 Percent
The May Prices Received Index (Agricultural Production), at 94.9, increased 2.0 percent from April 2016. At 90.7, the Crop Production Index increased 5.0 percent. The Livestock Production Index, at 97.9, increased 0.1 percent. Producers received higher prices for hogs, broilers, dry beans, and lettuce but lower prices for cattle, milk, strawberries, and market eggs. Compared with a year earlier, the Prices Received Index is down 12 percent, the Crop Production Index up 0.4 percent, and the Livestock Production Index down 20 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of cattle, hay, sweet corn, and broilers offset the decreased marketing of soybeans, dry beans, calves, and hogs. The Food Commodities Index, at 99.0, increased 2.4 percent from the previous month but is down 14 percent from May 2015.
May Prices Paid Index Up 0.5 Percent
The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 107.1, is up 0.5 percent from April 2016 but is down 3.6 percent from May 2015. Higher prices in May for feed concentrates, complete feeds, diesel, and LP gas more than offset lower prices for feeder cattle, feeder pigs, and hay & forages.
For a full copy of the Agricultural Prices report please visit www.nass.usda.gov.
For state specific questions please contact:
- Arizona – Dave DeWalt 1-800-645-7286
- Colorado – William R. Meyer 1-800-392-3202
- Montana – Eric Sommer 1-800-835-2612
- New Mexico – Longino Bustillos 1-800-530-8810
- Utah – John Hilton 1-800-747-8522
- Wyoming – Rhonda Brandt 1-800-892-1660