Agricultural Prices
National Agricultural Statistics Service USDA Washington, D.C.
Released April 30, 2007, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Agricultural Prices" see page 89, office hours 7:30 a.m. to 4:00 p.m. ET.
April Farm Prices Received Index Increased 1 Point From Last Month
The preliminary All Farm Products Index of Prices Received by Farmers in April, at 135 percent, based on 1990-92=100, increased 1 point (0.7 percent) from March. The Crop Index is down 1 point (0.7 percent) but the Livestock Index increased 3 points (2.4 percent). Producers received higher commodity prices for onions, milk, cattle, and tomatoes. Lower prices were received for lettuce, corn, strawberries, and eggs. 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 cattle, oranges, strawberries, and milk offset decreased marketings of soybeans, corn, wheat, and hogs.
The preliminary All Farm Products Index is up 24 points (22 percent) from April 2006. The Food Commodities Index, at 137, increased 2 points (1.5 percent) from last month and 25 points (22 percent) from April 2006.
Prices Paid Index up 2 Points
The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 157 percent of the 1990-92 average. The index is up 2 points (1.3 percent) from March and 9 points (6.1 percent) above April 2006. Higher prices in April for field crop seeds, feeder cattle, diesel fuel, and gasoline more than offset lower prices for feed grains, feeder pigs, complete feeds, and feed supplements.
Index Summary Table -------------------------------------------------- : 2006 : 2007 Index :-------------------------------------------------- 1990-92=100 : Mar : Apr : Mar : Apr -------------------------------------------------- : Prices Received : 113 111 134 135 : Prices Paid : 147 148 155 157 : Ratio 1/ : 77 75 86 86 -------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid by farmers.
Report Change: Prices Paid Indexes may have been revised back to 1999 due to revisions from non-NASS data sources. This publication only displays these indexes back to 2003. The revised Prices Paid Indexes may be obtained at www.nass.usda.gov.
Prices Received by Farmers
The April All Farm Products Index is 135 percent of its 1990-92 base, up 0.7 percent from the March index and 22 percent above the April 2006 index.
ALL CROPS: The April index is 144, down 0.7 percent from March but 21 percent above April 2006. Price decreases for fruits & nuts, feed grains & hay, and oil-bearing crops more than offset price increases for potatoes & dry beans, commercial vegetables, and food grains.
Food Grains: The April index, at 159, is 3.2 percent above the previous month and 27 percent above a year ago. The April all wheat price, at $4.94 per bushel, is up 19 cents from March and $1.13 from April 2006.
Feed Grains & Hay: The April index is 144, down 4.6 percent from last month but 43 percent above a year ago. The corn price, at $3.20 per bushel, is down 23 cents from last month but $1.09 above April 2006. The all hay price, at $124 per ton, is $7.00 above March and $19.00 above last April. Sorghum grain, at $5.88 per cwt, is 74 cents below March but $2.18 above April last year.
Oil-Bearing Crops: The April index, at 122, is down 2.4 percent from March but 23 percent higher than April 2006. The soybean price, at $6.81 per bushel, decreased 14 cents from March but is $1.29 above April 2006.
Cotton: The April index, at 79, is up 1.3 percent from March but 1.3 percent below last year. The April price, at 47.6 cents per pound, is up 0.2 cent from the previous month but 0.9 cent below last April.
Potatoes & Dry Beans: The April index, at 164, is up 15 percent from last month and 19 percent above April 2006. The all potato price, at $9.78 per cwt, is up $1.44 from March and $1.43 from last April. The all dry bean price, at $26.00 per cwt, is up 20 cents from the previous month and $7.10 above April 2006.
Fruits & Nuts: The April index, at 148, is down 7.5 percent from March but 11 percent higher than a year ago. Price decreases for strawberries and oranges more than offset a price increase for pears.
Commercial Vegetables: The April index, at 191, is down 2.1 percent from last month but 36 percent above April 2006. Price decreases during April for lettuce, celery, and snap beans more than offset price increases for onions, tomatoes, and broccoli.
LIVESTOCK & PRODUCTS: The April index, at 129, is 2.4 percent above last month and up 23 percent from April 2006. Compared with a year ago, prices are higher for milk, broilers, cattle, eggs, hogs, and turkeys. The price for calves is down from last year.
Meat Animals: The April index, at 123, is up 3.4 percent from last month and 11 percent higher than last year. The April hog price, at $46.00 per cwt, is up $1.00 from March and $4.70 higher than a year ago. The April beef cattle price of $94.60 per cwt is up $2.60 from last month and $9.80 higher than April 2006.
Dairy Products: The April index, at 126, is up 5.9 percent from a month ago and 35 percent higher than April last year. The April all milk price of $16.40 per cwt is up 80 cents from last month and up $4.30 from April 2006. The fluid grade milk price is up 80 cents and the manufacturing grade milk price is 90 cents higher than the previous month.
Poultry & Eggs: The April index, at 146, is down 1.4 percent from March but 40 percent above a year ago. The April market egg price, at 55.8 cents per dozen, decreased 12.3 cents from March but is 23.7 cents above April 2006. The April broiler price, at 50.0 cents per pound, is unchanged from March but 15.0 cents above a year ago. The April turkey price, at 46.8 cents per pound, is up 2.5 cents from the previous month and up 4.3 cents from a year earlier. Servus, J.B. WARNUNG: "Bitte, folgen Sie meinen Empfehlungen niemals und hören Sie auf keinen Fall auf mein Geschwafel, denn ich bin völlig ahnungslos und noch dazu ein Wahnsinniger"
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