Agricultural Prices - January

Here is the text file for today's Agricultural Prices report. From the USDA:

The preliminary All Farm Products Index of Prices Received by Farmers in January, at 150 percent, based on 1990-92=100, increased 6 points (4.2 percent) from December. The Crop Index is up 16 points (11 percent) but the Livestock Index decreased 4 points (2.9 percent). The All Farm Index and All Crop Index are at record highs. Producers received higher commodity prices for corn, soybeans, broilers, and wheat and lower prices were received for milk, tomatoes, hogs, and turkeys. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased average marketings of corn, soybeans, cattle, and strawberries offset decreased marketings of grapes, milk, broilers, and cottonseed. The preliminary All Farm Products Index is up 27 points (22 percent) from January 2007. The Food Commodities Index, at 150, increased 2 points (1.4 percent) from last month and increased 26 points (21 percent) from January 2007. Prices Paid Index Up 3 Points The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 168 percent of the 1990-92 average. The index is up 3 points (1.8 percent) from December and 13 points (8.4 percent) above January 2007. This is a record high for the index. Higher prices in January for cash rent, taxes, and other farm services more than offset the decline in diesel fuel, feeder cattle, and hay & forages.


Potatoes & Dry Beans: The January index, at 127, is up 1.6 percent from last month and 5.0 percent above January 2007. The all potato price, at $7.11 per cwt, is up 2 cents from December and 5 cents from last January. The all dry bean price, at $28.40 per cwt, is up $1.40 from the previous month and $5.70 above January 2007.

Fruits & Nuts: The January index, at 153, is down 1.9 percent from December but unchanged from a year ago. Fruit prices were down slightly compared to last month. Marketing of fruits decreased from last month.

Commercial Vegetables: The January index, at 147, is up 6.5 percent from last month but 17 percent below January 2007. Price increases during January for lettuce, broccoli, snap beans, and celery more than offset price declines for tomatoes, onions, and sweet corn.