Prices Received by Farmers Drop

The USDA’s April Prices Received Index fell 3.6% from March but was higher by 12% year-over-year.

The livestock production index fell eight percent in April compared to the prior month, but was still 18% above last year.

The crop production index rose 4.9% from March but was down 1.1% from last year.

Ag producers saw lower prices received for eggs, milk, lettuce, and hogs.

The USDA said they received higher prices for cattle, broilers, strawberries, and calves.

“In April, there was decreased marketing of corn, cattle, soybeans, and hay, and increased monthly movement for strawberries, milk, broilers, and market eggs,” the report said.

The April Prices Paid Index rose 0.5% month to month and 5.8% from April 2024.

Higher prices were paid during the month for feeder cattle, milk cows, nitrogen, and hay. Lower prices were paid for feeder pigs, wages, and complete feeds.