USDA Jun Farm Prices - Jul 31

Features Dow Jones Newswires

WASHINGTON -(Dow Jones)- The index of prices received by U.S. farmers for

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their products in June was -0.1% From May, but +4.6% From a year earlier, the

U.S. Department of Agriculture said Monday.

June Prices Received Index Decreased 0.1 Percent

The June Prices Received Index (Agricultural Production), at 98.1, decreased

0.1 percent from May 2017. At 87.2, the Crop Production Index increased

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0.3 percent. The Livestock Production Index, at 107.3, increased 0.6 percent.

Producers received lower prices for cattle, celery, and tomatoes but higher

prices for oranges, hogs, milk, and lemons. Compared with a year earlier, the

Prices Received Index is up 4.6 percent. The Crop Production Index decreased

1.4 percent but the Livestock Production Index increased 9.6 percent. In

addition to prices, the indexes are influenced by the monthly mix of

commodities producers market. Increased monthly movement of wheat, hay,

peaches, and corn offset the decreased marketing of oranges, broilers,

cattle, and milk. The Food Commodities Index, at 104.1, increased 0.3 percent

from the previous month and 6.7 percent from June 2016.

June Prices Paid Index Down 0.1 Percent

The June Prices Paid Index for Commodities and Services, Interest, Taxes, and

Farm Wage Rates (PPITW), at 106.9, is down 0.1 percent from May 2017 but is

up 0.3 percent from June 2016. Lower prices in June for concentrates, feeder

pigs, hay & forages, and complete feeds more than offset higher prices for

other services, feeder cattle, tractors, and supplies & repairs.

Index Summary Table

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2016 2016 2017 2017

Index --------------------------------------------------------

1990-92=100 May Jun May Jun

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Prices Received 94.2 93.8 98.2 98.1

Prices Paid 106.3 106.6 107 106.9

Ratio 1/ 89 88 92 92

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1/ Ratio of index of prices received by farmers to index of prices paid by

farmers.

Write to Rodney Christian at csstat@dowjones.com

(END) Dow Jones Newswires

July 31, 2017 15:20 ET (19:20 GMT)