Producers Input Prices Increase in December, Receipts Decrease

WASHINGTON, DC – On Friday, USDA’s National Agriculture Statistics Service (NASS) reported that the December Prices Received Index (Agricultural Production), at 91.4, decreased 1.8 percent from November but increased slightly from December 2019.

At 91.8, the Crop Production Index was down 0.5 percent from last month but up 6.6 percent from the previous year.

The Livestock Production Index, at 90.9, decreased 3.5 percent from November and 6.4 percent from December 2019.

Producers received higher prices during December for broilers, corn, soybeans, and cattle but lower prices for milk, lettuce, market eggs, and oranges.

The December Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 112.7, is up 0.7 percent from November 2020 and 1.6 percent from December 2019.

Higher prices in December for complete feeds, LP gas, feeder pigs, and diesel more than offset lower prices for feeder cattle, herbicides, insecticides, and fungicides.
(SOURCE: All Ag News)