THE USDA Agricultural Prices Report released November 30th posted October prices for agricultural commodities and expenditures.
The USDA ERS detailed prices as follows:-
“The October Prices Received Index 2011 Base (Agricultural Production), at 88.8, decreased 0.2 percent from September but increased 3.3 percent from October 2019. At 87.7, the Crop Production Index is down 6.4 percent from last month but up 5.5 percent from October 2019. The Livestock Production Index, at 90.6, increased 7.7 percent from September, but is unchanged from October 2019. Producers received higher prices during October for milk, hogs, market eggs, and broilers but lower prices for potatoes, rice, dry beans, and sunflowers. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In October, there was increased monthly movement for soybeans, corn, cotton, and calves and decreased marketing of cattle, milk, broilers, and grapes”.
“The October Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 111.1, is up 0.7 percent from September 2020 and 0.6 percent from October 2019. Higher prices in October for complete feeds, feeder pigs, concentrates, and feed grains more than offset lower prices for diesel, other services, gasoline, and wage rates”.
Corn farmers received $3.41 per bushel in October 2020 compared to $3.80 per bushel in October 2019, down 11.4 percent.
Soybean farmers received $9.24 per bushel in October 2020 compared to $8.35 per bushel in October 2019, up 10.7 percent.
Egg farmers received 99.4 cents per dozen for table eggs in October 2020 compared to 66.3 cents per dozen in 2019, up 49.9 percent.
Broiler farmers received 31.5 cents per live lb. in October 2020 compared to 41 cents per live lb. in October 2019, down 23.2 percent.