Prices received for most farm products moved higher in April, and they advanced at a rate exceeding that for prices paid by farmers, according to the USDA’s Farm Prices report released April 30. The preliminary All Farm Products Index of Prices Received by Farmers in April increased by four points, or 3.6 percent from March and is up 8 points, or 7.5 percent, from April 2013. The report lists the April index at 115, compared to a baseline of 100 in 2011.
The April Index of Prices Paid for commodities and services, interest, taxes, and farm wages, is at 112. The index is up two points, or 1.8 percent from March and six points, or 5.7 percent above April 2013.
As for livestock, the April index for all livestock and products stood at 133, up 3.1 percent from March and 23 percent higher than a year ago. The index for meat animals, also at 133, was up 3.1 percent from last month and up 27 percent from a year ago. The April beef cattle price of $149 per hundredweight increased $1.00 from last month and is $24.00 higher than April 2013.
The April dairy index, at 127, is up 1.6 percent from a month ago and 31 percent higher than April last year. The April all milk price of $25.50 per hundredweight is up 30 cents from last month and $6.00 above April 2013.
In contrast, prices received for feed grains generally have declined over the past year. The April index, at 79, is up 3.9 percent from last month but 32 percent below a year ago. The corn price, at $4.73 per bushel, is up 22 cents from last month but $2.24 below April 2013. Sorghum grain, at $8.41 per hundredweight, is 17 cents above March but $3.19 below April last year.
View the April Farm Prices report from USDA.