Prices Received by U.S. Farmers Down From Last Month

WASHINGTON - Jun 29/10 - SNS -- The preliminary All Farm Products Index of Prices Received by Farmers in June, at 139%, based on 1990-1992=100, decreased 2 points (1.4%) from May, reveals the current USDA report on the sector.

The Crop Index is down 5 points (3.3%) and the Livestock Index decreased 1 point (0.8%). Producers received lower prices for cattle, onions, hogs, and wheat and higher prices for lettuce, milk, turkeys, and cucumbers. 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 marketings of wheat, grapes, hay, and cantaloups offset decreased marketings of oranges, strawberries, cattle, and sweet corn.

The preliminary All Farm Products Index is up 6 points (4.5%) from June 2009. The Food Commodities Index, at 139, decreased 3 points (2.1%) from a month ago but increased 9 points (6.9%) from June 2009.

The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 182% of the 1990-1992 average. The index is down 1 point (0.5%) from May but is 2 points above (1.1%) June 2009. Lower prices in June for diesel, feeder cattle, supplements, and feeder pigs more than offset higher prices for complete feeds, other services, mixed fertilizer, and other machinery.

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