World meat industry news

December Farm Prices Received Index Decreased 2.2 Percent

The December Prices Received Index (Agricultural Production), at 90, decreased 2.2 percent from November. At 84, the Crop Production Index increased 2.4 percent. At 97, the Livestock Production Index decreased 7.6 percent. Producers received lower prices for market eggs, cattle, milk, and calves but higher prices for broilers, grapes, corn, and celery. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of oranges, milk, broilers, and wheat offset the decreased marketing of corn, grapes, soybeans, and calves. The Prices Received Index is down 11 percent from the previous year. The Food Commodities Index, at 97, decreased 4.0 percent from the previous month and is down 16 percent from December 2014.

December Prices Paid Index Down 1.9 Percent

The December Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 104, is down 1.9 percent from November and 6.3 percent below December 2014. Lower prices in December for feeder cattle, concentrates, complete feeds, and diesel offset higher prices for nitrogen, feeder pigs, feed grains, and hay & forages.

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