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USDA ag indices decline in January

The USDA ag prices indices dipped to start 2024.

The index of prices received for January was 1.4% lower than in December on declines for corn, soybeans, milk, and lemons, which canceled out rises in calves, broilers, market eggs, and lettuce.

The USDA’s dairy index for January 2024 was 2.4% less than December and 13% below January 2023, with an all milk price of $20.10 per hundredweight, a slide of $.50 on the month and $3.00 on the year.

The index of prices paid was down 0.1% with decreases in cost for interest, diesel, nitrogen, and concentrates against increases in taxes, feeder cattle, share rent, and other services.

Year-to-year, the index of prices received fell 10%, while the index of prices paid was lost 1.8%.

The USDA’s ag prices for February are out at the end of March.

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