August Ag Prices Index: calves up, cattle down

August prices received index unchanged

The August Prices Received Index (Agricultural Production), at 90.0, is unchanged from July 2016. At 85.0, the Crop Production Index increased 2.3 percent. At 94.1, the Livestock Production Index decreased 2.3 percent. Producers received higher prices for milk, calves, peaches, and cotton but lower prices for broilers, hogs, corn and cattle.

Compared with a year earlier, the Prices Received Index is down 12 percent, the Crop Production Index decreased 4.1 percent, and the Livestock Production Index is down 20 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of cattle, grapes, and calves offset the decreased marketing of wheat, soybeans, and corn. The Food Commodities Index, at 93.7, decreased 0.1 percent from the previous month and down 14 percent from August 2015.

 

August prices paid index down 0.8 percent

The August Prices Paid Index for Commodities and Services, Interest, Taxes and Farm Wage Rates, at 105.7, is down 0.8 percent from July 2016 and down 4.0 percent from August 2015. Lower prices in August for concentrates, nitrogen, feed grains, and complete feeds more than offset higher prices for feeder cattle, repairs, herbicides and self-propelled machinery.

For a full copy of the Agricultural Prices report please visit www.nass.usda.gov. For state specific questions please contact: Montana – Eric Sommer (800) 835-2612.

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