The USDA noted August’s lower prices received for broilers, wheat, onions and hay offset higher prices for market eggs, lettuce, strawberries and apples. Prices paid by farmers in the month fell to an index value of 108, about 3.6% lower compared with August 2014 prices.
The price farmers received for livestock is about 10% lower than it was a year ago and the price for meat animals is 0.8% higher. The August hog price is down $0.30 per hundredweight since June, and down $24.20 compared with August 2014. Beef prices are down $10.00 per hundredweight compared with the August 2014 price and down $1 compared with July.
Year over year, all-wheat prices are down $1.12 a bushel at $4.85, and feed corn is down $0.12 compared with July but up $0.05 compared with August 2014 at $3.68 a bushel.
Dairy prices were unchanged month over month and down 31% year over year. Market egg prices rose $0.57 per dozen, compared with July prices to $2.38 a dozen. A dozen eggs costs $1.52 more than it did in August 2014.
The prices farmers paid for feeder pigs fell $7 month over month to $88 per hundredweight in August. Feeder cattle prices fell $8.00 per hundredweight to $219.00 in August.
ALSO READ: 8 States Running Out of Water
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
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.
Latest from 24/7
