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Rob SC NE
Contributor

Farm gate prices

Saw story today from USDA  that the index of prices received by American farmers for our products in April was down a bit versus March, but up a whole 7 percent  from a year ago. That seems like a pretty big jump, doesn't it?  Where's it coming from? -- Rob

4 Replies
RichILL
Contributor

Re: Farm gate prices

Do you have a link to the information?  It would be interesting to see the breakdown of how the index is determined. 

 

I accidentally hit the "kudos" button when I was looking for the reply button. 

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jrsiajdranch
Veteran Advisor

Re: Farm gate prices

I am just trying to figure out all the buttons!  Makes sense 09 was down quite a bit from 08 and 10 seems to be a little higher.  I don't really know what I am talking about just thought I would try to respond. JR

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smokeyjay
Advisor

Re: Farm gate prices

I've not compared most commodities, however, wheat is not going up at the farmgate.  The basis is actually widening to as much as 1.20 or more.  Our elevator has stopped moving old crop wheat, thanks to sub- $4.00 prices.  They think the carry will make good money after harvest, thanks to lower acres going into harvest..

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kyjlong
Frequent Contributor

Re: Farm gate prices

Its not corn, wheat, or beans.

 

How about hogs 4 may 09 to 3 may 10 up 44% (61/88 Weekly fututurs)

Cattle 19 Apr 09 to 20 Apr 10 up 15% (86/99 again weekly futures)

 

I know this isn't farmgate, but I didn't know a quick ref for that.

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