News Column

June Farm Prices Received Index Down 3 Points

June 27, 2014

LAKEWOOD, Colo., June 27 -- 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 June, at 111 percent, based on 2011=100, decreased 3 points (2.6 percent) from May. The Crop Index is down 1 point (1.0 percent) and the Livestock Index decreased 3 points (2.3 percent). Producers received lower prices for corn, milk, broilers, and eggs and higher prices for oranges, cantaloupes, tomatoes, and lettuce. 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 wheat, hay, grapes, and peaches offset the decreased marketing of oranges, cattle, milk, and broilers. The preliminary All Farm Products Index is up 1 point (0.9 percent) from June 2013. The Food Commodities Index, at 121, decreased 3 points (2.4 percent) from last month but increased 12 points (11 percent) from June 2013.

Prices Paid Index Unchanged

The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 112 percent of the 2011 base. The index is unchanged from May but 6 points (5.7 percent) above June 2013. Lower prices in June for feed grains, feeder pigs, hay & forages, and supplements offset higher prices for feeder cattle, nitrogen, complete feeds, and other services.

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Source: Targeted News Service

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