Lower prices for feeder cattle offset higher prices for fuel

September prices received 

index decreased 3.9 percent

The September Prices Received Index (Agricultural Production), at 86.5, decreased 3.9 percent from August 2016. The Crop Production Index, at 84.0, decreased 1.2 percent. The Livestock Production Index, at 88.7, decreased 5.7 percent.

Producers received lower prices for cattle, hogs, broilers, and peaches but higher prices for milk, sweet corn, apples, and turkeys. Compared with a year earlier, the Prices Received Index is down 10 percent. The Crop Production Index decreased 2.7 percent and the Livestock Production Index 19 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of soybeans, corn, potatoes, and calves offset the decreased marketing of cattle, cotton, wheat, and peaches. The Food Commodities Index, at 89.7, decreased 4.3 percent from the previous month and is down 11 percent from September 2015.

 

September prices paid index down 1.1 percent

The September Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates at 104.5, is down 1.1 percent from Aug. 2016 and down 4.0 percent from Sept. 2015. Lower prices in September for feeder cattle, complete feeds, concentrates, and nitrogen more than offset higher prices for LP gas, diesel, gasoline, and herbicides.

 

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

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