USDA: Farmers Continue To See Strong Prices
In its report for ag prices during the month of November, the USDA said the plusses outweighed the minuses. Resulting in the prices received index going up 4.5%, and jumping 23% when compared to November 2021. The index of prices paid by farmers to do business showing no increase at all in November that index still 11% higher than a year ago.
When it comes to commodity prices; corn lost a penny during November averaging $6.49 a bushel, which is still $1.23 higher than November 2021. Wheat lost a little ground in November, five cents all together, but still up $0.64 above a year ago at $9.16 a bushel. Meanwhile, soybeans were positive in every way, gaining 50 cents in November, up to $14.00. That's $1.90 stronger than last November.
Livestock all priced higher than a year ago. Hogs was the only sector that reported a price drop last month.
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