USDA ag price indices down in November

USDA ag price indices down in November

Farmers paid and made slightly less in November than October.

The USDA’s index of prices received was down 0.1% on declines in corn, cattle, hogs, and turkeys against gains in soybeans, market eggs, lettuce, and strawberries.

The USDA’s dairy index for November was a half a percent higher than October, but 15% lower than November 2022, with an all milk price of $21.70 per hundredweight, a dime more than the previous month, but $3.70 less than last year.