The preliminary All Farm Products Index of Prices Received by Farmers in November, at 139 percent, based on 1990-92=100, decreased 12 points (7.9 percent) from October. The Crop Index is down 16 points (9.5 percent) and the Livestock Index decreased 2 points (1.6 percent). Producers received lower prices for soybeans, corn, lettuce, and hogs and higher prices for tomatoes, potatoes, cucumbers, and cantaloups. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly marketings of milk, cattle, cotton, and cottonseed offset decreased marketings of soybeans, potatoes, peanuts, and lettuce.

Prices Paid Index Down 4 Points

The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 183 percent of the 1990-92 average. The index is down 4 points (2.1 percent) from October but 18 points (11 percent) above November 2007. Lower prices in November for diesel fuel, feed concentrates, complete feeds, and gasoline more than offset higher prices for feeder pigs, mixed fertilizers, herbicides, and insecticides.

Prices Received by Farmers

The November All Farm Products Index is 139 percent of its 1990-92 base, down 7.9 percent from the October index and 1.4 percent below the November 2007 index.

ALL CROPS: The November index is 152, down 9.5 percent from October but 2.0 percent above November 2007. Index decreases for commercial vegetables, fruits & nuts, feed grains & hay, and cotton more than offset the index increase for potatoes & dry beans.

Food Grains: The November index, at 216, is 5.3 percent below the previous month and 5.7 percent below a year ago. The November all wheat price, at $6.13 per bushel, is down 54 cents from October and $1.26 below November 2007.

Feed Grains & Hay: The November index is 174, down 9.8 percent from last month but 13 percent above a year ago. The corn price, at $3.94 per bushel, is down 43 cents from last month but 50 cents above November 2007. The all hay price, at $147 per ton, is down $10.00 from October but up $18.00 from last November. Sorghum grain, at $5.63 per cwt, is $1.45 below October and 63 cents below November last year.

Cotton: The November index, at 84, is down 8.7 percent from October and 12 percent below last year. The November price, at 50.8 cents per pound, is down 4.7 cents from the previous month and 6.6 cents below last November.

Oil-Bearing Crops: The November index, at 170, is down 2.3 percent from October but 3.7 percent higher than November 2007. The soybean price, at $9.20 per bushel, decreased 74 cents from October and 22 cents from November 2007.

Fruits & Nuts: The November index, at 144, is down 12 percent from October and 18 percent lower than a year ago. Price decreases for apples, grapefruit, lemons, and pears more than offset the price increase for oranges.

Commercial Vegetables: The November index, at 158, is down 14 percent from last month but 14 percent above November 2007. Price declines for lettuce, broccoli, onions, and cauliflower more than offset price increases during November for tomatoes, cucumbers, cantaloups, and carrots.

Potatoes & Dry Beans: The November index, at 156, is up 11 percent from last month and 32 percent from November 2007. The all potato price, at $8.87 per cwt, is up $1.49 from October and $2.40 from last November. The all dry bean price, at $33.10 per cwt, is down $6.90 from the previous month but $5.00 above November 2007.

LIVESTOCK & PRODUCTS: The November index, at 125, is down 1.6 percent from last month and 6.7 percent from November 2007. Compared with a year ago, prices are lower for milk, eggs, cattle, calves, and turkeys. Prices for broilers and hogs are higher than last year.

Meat Animals: The November index, at 113, is down 2.6 percent from last month and 1.7 percent lower than last year. The November hog price, at $41.40 per cwt, is down $7.20 from October but $3.50 higher than a year ago. The November beef cattle price of $87.20 per cwt is down 70 cents from last month and $2.70 lower than November 2007.

Dairy Products: The November index, at 133, is down 2.2 percent from a month ago and 21 percent lower than November last year. The November all milk price of $17.40 per cwt is down 30 cents from last month and $4.50 below November 2007. The fluid grade milk price is down 30 cents and the manufacturing grade milk price is down $1.00 from the previous month.

Poultry & Eggs: The November index, at 147, is down 1.3 percent from October but unchanged from a year ago. The November market egg price, at 89.4 cents per dozen, increased 0.5 cent from October but is 29.6 cents below November 2007. The November broiler price, at 45.0 cents per pound, is unchanged from October but 4.0 cents above a year ago. The November turkey price, at 58.5 cents per pound, is down 6.1 cents from the previous month and 3.1 cents from a year earlier.