Agricultural Prices - February

Here is the link to the February 29 report on Agricultural Prices. Inflationary pressures will continue to bear down on consumers, with prices for growers noted up 17% compared with a year ago. From the report:

February Farm Prices Received Index Unchanged From Last Month

The preliminary All Farm Products Index of Prices Received by Farmers in February, at 145 percent, based on 1990-92=100, was unchanged from January. The Crop Index is up 1 point (0.6 percent) and the Livestock Index increased 1 point (0.8 percent). Producers received higher commodity prices for wheat, soybeans, corn, and hogs and lower prices were received for milk, lettuce, broccoli, and tomatoes. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly marketings of milk, cattle, broilers, and eggs offset decreased marketings of corn, soybeans, wheat, and cotton.
The preliminary All Farm Products Index is up 17 points (13 percent) from February 2007. The Food Commodities Index, at 145, decreased 1 point (0.7 percent) from last month but increased 17 points (13 percent) from February 2007.