Source: USDA, 10/31/13

The preliminary All Farm Products Index of Prices Received by Farmers in October, at 187 percent, based on 1990-1992=100, increased 1 point (0.5 percent) from September. The Crop Index is down 3 points (1.5 percent) but the Livestock Index is unchanged. Producers received higher prices for wheat and lower prices for corn, soybeans, and potatoes. 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, cottonseed, and cotton offset the decreased marketing of wheat, milk, hogs, and hay.

The preliminary All Farm Products Index is down 23 points (11 percent) from October 2012. The Food Commodities Index, at 189, increased 8 points (4.4 percent) from last month but decreased 7 points (3.6 percent) from October 2012.

Prices Paid Index up 1 Point
The October Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 218 percent of the 1990-1992 average. The index is up 1 point (0.5 percent) from September but unchanged from October 2012. Higher prices in October for concentrates, feeder cattle, feeder pigs, and nitrogen offset lower prices for feed grains, complete feeds, diesel, and gasoline.

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