Market

USDA price indices up in March


Information

USDA worth indices up in March

Producers made and paid extra in March.

The USDA says the index of costs obtained by farmers and ranchers was up 6.3% from February because of positive factors in corn, milk, broilers, and lettuce, which canceled out losses in calves, strawberries, broccoli, and tomatoes.

The dairy index for March was up 4.9% on the month and 50% on the yr, with an all milk worth of $25.90 per hundredweight, a leap of $2 from the earlier month and $8.60 from a yr in the past.

The index of costs paid was 1.4% increased, with will increase for subject crops, diesel, full feeds, and different providers barely outweighing decreases in feeder cattle, equipment, different repairs, and nitrogen.

12 months-to-year, the index of costs obtained was up 31% and the index of costs paid was 13% increased, with positive factors in each tied to a stronger ag financial system and inflation.





Supply hyperlink

Leave a Reply

Your email address will not be published.