News Column

May Farm Prices Received Index Down 1 Point

May 30, 2014



LAKEWOOD, Colo., May 30 -- The U.S. Department of Agriculture's Colorado Agricultural Statistics office issued the following news release:

The preliminary All Farm Products Index of Prices Received by Farmers in May, at 114 percent, based on 2011=100, decreased 1 point (0.9 percent) from April. The Crop Index is up 1 point (1.0 percent) but the Livestock Index decreased 1 point (0.8 percent). Producers received lower prices for hogs, milk, eggs, and cattle. Prices were higher for broilers, oranges and strawberries. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of cattle, hay, sweet corn, and broilers offset the decreased marketing of soybeans, hogs, calves, and apples.The preliminary All Farm Products Index is up 4 points (3.6 percent) from May 2013. The Food Commodities Index, at 124, was unchanged from last month but increased 14 points (13 percent) from May 2013.

Prices Paid Index up 1 Point

The May Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 112 percent of its 2011 base. The index is up 1 point (0.9 percent) from April and 6 points (5.7 percent) above May 2013. Higher prices for complete feeds, feeder cattle, hay & forages, and potash & phosphate more offset lower prices in May for feeder pigs, concentrates, other services, and LP gas

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Source: Targeted News Service


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