News

Producers made more, paid less in November

The USDA’s delayed Agricultural Prices report for November showed producers made more and paid a little less.

The index of prices received was 3.5% higher than in October, with 5% jump in the crops index and a 0.9% rise for livestock. Advances for cattle, broilers, market eggs, and lettuce canceled out declines in soybeans, hogs, milk, and lemons.

The index of prices paid was down 0.4% on the month, with lower prices for feeder cattle, complete feeds, LP gas, and herbicides cancelling out higher costs for feeder pigs, nitrogen, tractors, and supplements.

Year to year, the index of prices received was 3.6% below November 2017 and the index of prices paid was up 1.8%.

The USDA’s Agricultural Prices report for December 2018 has been pushed back until February 20th, depending on if the federal government can pass a budget bill.