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.

 

If you have a story idea for the PNW Ag Network, call (509) 547-9791, or e-mail glenn.vaagen@townsquaremedia.com 

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