Recent U.S. Department of Agriculture data show that agricultural producers received higher prices for most commodities in November 2019. The November prices index, at 88.6, increased 4.6% from October 2019 and 0.2% from November 2018.
“While both the crop and livestock production index rose month over month, it was in the livestock categories that the most significant increase occurred, by 7%,” USDA Radio’s Rod Bain reported.
Prices received by meat animal and dairy producers rose from the previous month, but the biggest gains were seen in the poultry and egg sector, Bain added.
Compared with a year ago, USDA reported that prices were higher for milk, market eggs, turkeys, hogs and beef cows, while prices for broilers and calves were lower than a year earlier.
The November beef cattle price of $113.00/cwt. was $6.00 higher than the previous month but unchanged from November 2018, USDA reported. At $48.00/cwt., the November hog price was $1.10/cwt. lower than October but $1.80 higher than a year earlier.
The dairy index for November, at 104.5, was 5.6% higher than the previous month and 22.1% than November a year ago. The November all milk price of $21.00/cwt. was $1.10 higher than October and $3.80 higher than November 2018.
The November poultry and egg index increased 15.7% from October but decreased 6.7% from November 2018. The November market egg price, at $1.12/doz., was 71.4 cents higher than October and 17.5 cents higher than November 2018. The November broiler price, at 39.0 cents/lb., was 1.5 cents lower than October and 10.0 cents lower than a year ago. At 67.4 cents/lb., the November turkey price was 3.5 cents higher than the previous month and 14.4 cents higher than November 2018.
The November grain and oilseed index, at 64.6, was down 3.4% from October but up 3.9% from November 2018. The decreases in the oilseed index and the feed grain index offset the higher food grain index, USDA said.