Pr 1 (11-06)
Agricultural Prices
National Agricultural Statistics Service USDA Washington, D.C.
Released November 30, 2006, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Agricultural Prices" see page 49, office hours 7:30 a.m. to 4:00 p.m. ET.
November Farm Prices Received Index Up 5 Points From Last Month
The preliminary All Farm Products Index of Prices Received by Farmers in November, at 121 percent, based on 1990-92=100, increased 5 points (4.3 percent) from October. The Crop Index is up 10 points (8.7 percent) but the Livestock Index decreased 1 point (0.9 percent). Producers received higher commodity prices for corn, soybeans, eggs, and milk. Lower prices were received for cattle, tomatoes, oranges, and hogs. 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 milk, cattle, cotton, and oranges offset decreased marketings of soybeans, potatoes, peanuts, and lettuce.
The preliminary All Farm Products Index is up 9 points (8.0 percent) from November 2005. The Food Commodities Index, at 121, increased 4 points (3.4 percent) from last month and 2 points (1.7 percent) from November 2005.
Prices Paid Index Unchanged
The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 146 percent of the 1990-92 average. The index is unchanged from October but 4 points above (2.8 percent) November 2005. Higher prices for feed grains, feed supplements, feed concentrates, and complete feeds offset lower prices in November for feeder cattle, mixed fertilizers, LP gas, and herbicides.
Index Summary Table -------------------------------------------------- : 2005 : 2006 Index :-------------------------------------------------- 1990-92=100 : Oct : Nov : Oct : Nov -------------------------------------------------- : Prices Received : 111 112 116 121 : Prices Paid : 144 142 146 146 : Ratio 1/ : 77 79 79 83 -------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid by farmers.
Prices Received by Farmers
The November All Farm Products Index is 121 percent of its 1990-92 base, up 4.3 percent from the October index and 8.0 percent above the November 2005 index.
ALL CROPS: The November index is 125, up 8.7 percent from October and 19 percent above November 2005. From October, index increases for feed grains & hay, oil-bearing crops, and potatoes & dry beans more than offset the index decreases for fruits & nuts and commercial vegetables.
Food Grains: The November index, at 152, is 0.7 percent above the previous month and 33 percent above a year ago. The November all wheat price, at $4.62 per bushel, is up 3 cents from October and $1.17 above November 2005.
Feed Grains & Hay: The November index is 137, up 18 percent from last month and 65 percent above a year ago. The corn price, at $3.12 per bushel, is up 58 cents from last month and $1.35 above November 2005. The all hay price, at $106 per ton, is $1.00 below October but up $14.30 from last November. Sorghum grain, at $5.88 per cwt, is 71 cents above October and $3.06 above November last year.
Oil-Bearing Crops: The November index, at 108, is up 14 percent from October and 9.1 percent higher than November 2005. The soybean price, at $6.15 per bushel, increased 63 cents from October and 53 cents from November 2005.
Cotton: The November index, at 77, is up 1.3 percent from October but 3.8 percent below last year. The November price, at 46.6 cents per pound, is up 0.5 cent from the previous month but 1.9 cents below last November.
Potatoes & Dry Beans: The November index, at 110, is up 6.8 percent from last month and 4.8 percent above November 2005. The all potato price, at $6.43 per cwt, is up 46 cents from October and 17 cents above last November. The all dry bean price, at $21.00 per cwt, is up $1.30 from the previous month and $3.00 above November 2005.
Fruits & Nuts: The November index, at 165, is down 7.3 percent from October but 15 percent higher than a year ago. Price decreases for oranges, apples, and grapefruit more than offset price increases for grapes and strawberries.
Commercial Vegetables: The November index, at 124, is down 3.9 percent from last month but 5.1 percent above November 2005. Price decreases during November for tomatoes and snap beans more than offset higher prices for lettuce, cauliflower, and broccoli.
LIVESTOCK & PRODUCTS: The November index, at 116, is 0.9 percent below last month and down 4.1 percent from November 2005. Compared with a year ago, prices are lower for beef cattle, milk, calves, and broilers but higher for eggs, turkeys, and hogs.
Meat Animals: The November index, at 112, is down 5.1 percent from last month and 6.7 percent lower than last year. The November hog price, at $44.50 per cwt, is down $2.00 from October but $1.00 higher than a year ago. The November beef cattle price of $84.40 per cwt is down $4.10 from last month and $6.40 lower than November 2005.
Dairy Products: The November index, at 106, is up 2.9 percent from a month ago but 8.6 percent lower than November last year. The November all milk price of $13.80 per cwt is up 30 cents from last month but down $1.30 from November 2005. The fluid grade milk price is up 30 cents and the manufacturing grade milk price is up 40 cents from the previous month.
Poultry & Eggs: The November index, at 133, is up 7.3 percent from October and 4.7 percent above a year ago. November market egg prices, at 67.5 cents per dozen, increased 29.3 cents from October and 19.1 cents from November 2005. The November broiler price, at 40.0 cents per pound, is unchanged from October but 2.0 cents below a year ago. The November turkey price, at 67.1 cents per pound, is up 3.7 cents from the previous month and up 12.6 cents from a year earlier.
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