Source: USDA NASS, 9/30/13

The preliminary All Farm Products Index of Prices Received by Farmers in September, at 185 percent, based on 1990-1992=100, decreased 4 points (2.1 percent) from August. The Crop Index is down 8 points (3.7 percent) and the Livestock Index decreased 1 point (0.6 percent). Producers received lower prices for corn, hogs, and wheat and higher prices for calves, milk, and cattle. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of soybeans, corn, potatoes, and hogs offset the decreased marketing of wheat, cattle, cotton, and broilers.

The preliminary All Farm Products Index is down 10 points (5.1 percent) from September 2012. The Food Commodities Index, at 181, is unchanged from last month but decreased 1 point (0.5 percent) from September 2012.

Prices Paid Index Down 3 Points
The September Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 213 percent of the 1990-1992 average. The index is down 3 points (-1.4 percent) from August and 4 points (-1.8 percent) below September 2012. Lower prices in September for concentrates, nitrogen, feed grains, and mixed fertilizer offset higher prices for feeder cattle, diesel, LP gas, and feeder pigs.

To read the full report, click here.