Producers Were Paid More In May

The USDA’s latest Agricultural Prices Report shows growers, overall, are receiving more for their commodities from a price perspective.  Both crop and livestock producers saw a 1.7% increase in prices received in May.  The 2.3% increase in crop prices received by growers was fueled by higher prices for feed grades, oil seeds, fruits and tree nuts and other crops such as hay, offsetting lower prices for food grains, vegetables and melons.

The 1.4% rise in livestock commodity prices received by producers reflects an over 5% increase in prices for meat animals and a 1.4% increase in what dairy growers earned price wise in May, countering a 3.7% month over month decline in poultry and egg prices received by farmers.

Meanwhile, producers paid 0.4% more in May for inputs and services, with that spurred by higher prices paid for feeder cattle, hay and forages and nitrogen.

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