Agricultural Prices in the US December 2024

USDA has released a new report "Agricultural Prices" for December 2024.

The report says,

"December Prices Received Index Up 5.3 Percent
The December Prices Received Index 2011 Base (Agricultural Production), at 126.5, increased 5.3 percent from November and 12 percent from December 2023. At 92.7, the Crop Production Index was down 1.8 percent from last month and 8.7 percent from the previous year. The Livestock Production Index, at 172.1, increased 8.3 percent from November and 33 percent from December last year. Producers received higher prices during December for market eggs, corn, broilers, and calves, but lower prices for lettuce, milk, hogs, and broccoli. In addition to prices, the volume change of commodities marketed also influences the indexes. In December, there was increased monthly movement for market eggs, broilers, milk, and oranges, and decreased marketing of corn, grapes, soybeans, and calves.

December Prices Paid Index Up 0.7 Percent
The December Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at
141.1, is up 0.7 percent from November 2024 and 1.5 percent from December 2023. Higher prices in December for
feeder cattle, feeder pigs, complete feeds, and feed grains more than offset lower prices for concentrates, gasoline,
hay & forages, and diesel."

Details on our video.
Full report
https://downloads.usda.library.cornell.edu/usda-esmis/files/c821gj76b/9019tz36z/hx120b145/agpr0125.pdf

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