USDA Livestock Prices Continue To Move Higher, Crop Prices Drop

As the experts have been predicting for some time the price situation for livestock producers is improving but things are going the other way for many crop producers.  The latest evidence of that coming in USDA 's price report covering the month of August.  It shows the prices received index for livestock going up almost 4% in August, averaging 18% higher than August a year ago.  On the crop side farmers saw prices take a slight downturn in August, but the crop price index was already running 16% below August a year ago.  As an example of corn dropping 39 cents during August to an average $3.84 that's down $1.89 from a year ago.  Soybean growers watched their crop lose $1.00 of its value in August taking prices down to 1030 a bushel that's $3.80 below year ago.  Livestock prices are higher than last year for all sectors, apart from hogs and turkeys.

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