The USDA noted July’s lower prices received for broilers, cattle, strawberries and lettuce offset higher prices for corn, cantaloupes, soybeans and sweet corn. Prices paid by farmers in the month remained unchanged at an index value of 109, 4.0 points lower compared with July 2014.
The price farmers received for livestock is about 5% lower than it was a year ago and the price for meat animals is 3.9% lower. The July hog price is down $1.20 per hundredweight since June, and down $34.60 compared with July 2014. Beef prices are down $7 per hundredweight compared with the July 2014 price and down $6 compared with June.
Year over year, all-wheat prices are down $0.20 a bushel at $5.23, and feed corn is up $0.22 compared with June but down $0.26 compared with July 2014 at $3.80 a bushel.
Dairy prices are down 3.9% month over month and down 28% year over year. Market egg prices slipped $0.12 per dozen compared with June prices to $1.81 a dozen. A dozen eggs costs 76 cents more than it did in July 2014.
The prices farmers paid for feeder pigs fell $23 to $95 per hundredweight in July. Feeder cattle prices fell $10.90 per hundredweight to $226.80 in July.
ALSO READ: The Healthiest City in Every State
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.