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Prices paid, received up on month
U.S. farmers made and paid a little more in March than they did in February.
The USDA says that the prices received index for ag products was up slightly on the month, with an increase for the livestock index cancelling out a decrease in crops.
Compared to last year, the received and crop indices are down sharply, but livestock is up sharply.
The prices paid index was fractionally higher on the month, but down almost 4% on the year. Producers paid more for feeder cattle, LP gas, diesel, and feeder pigs, and less for field crop seeds, mixed fertilizer, supplements, and self-propelled machinery.
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