Prices Producers Received In July Dipped

According to the latest numbers from NASS, the July Prices Received Index decreased 1.4% from June but increased 11% from July 2024.  The Crop Production Index was down 0.3% from last month but up 2.5% year-over-year.

Livestock prices increased 1.4% from June, and 13 % from July 2024.  USDA says producers received lower prices during July for broilers, grapes, corn, and milk but higher prices for lettuce, turkeys, hogs, and market eggs.

In addition to prices, the volume change of commodities marketed also influences the indexes.  In July, there was decreased marketing of cattle, milk, broilers, and oranges and increased monthly movement for grapes, wheat, hay, and cotton.

Meanwhile the prices farmers paid for their inputs continue to move higher, increasing 0.5% from June to July, and 7.9% year-over-year.  Higher prices for feeder cattle, milk cows, diesel, and nitrogen in July more than offset lower prices for concentrates, complete feeds, feeder pigs, and feed grains.

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