Source:  Rita Jane Gabbett, MEATINGPLACE.COM, 11/2/10

USDA’s preliminary All Farm Products Index of Prices Received by Farmers in October, at 160 percent (1990-1992 prices =100), increased 12 points (8.1 percent) from September and rose 26 points (19 percent) from October 2009.

The Crop Index was up 17 points (11 percent) but the Livestock Index decreased 1 point (0.7 percent). Producers received higher prices for corn, soybeans, eggs, and milk and lower prices for hogs, broilers, cattle, and potatoes.

Prices paid

The October Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates was 185 percent of the 1990-1992 average. The index is up 2 points (1.1 percent) from September and 8 points (4.5 percent) above October 2009.

Higher prices in October for feed grains, supplements, complete feeds and diesel more than offset lower prices for concentrates, other services, feeder cattle, and feeder pigs.

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